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We take a look at the Johannesburg Stock Exchange (JSE) trading statistics for the week ending 6 December 2019 and compare the numbers to that of a year ago.
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Our highlight over the last week
So as part of our continued average prices articles, we have decided to take a look at the average price per province of various products that are consumed in large amounts over the festive season. These items are Beer, Brandy, Biltong and Biskuit. We will take a look at the average price paid per province as well as the year on year growth rate in the average price paid per province for these particular items. Let's start with one of our personal favourites, Beer. The summary below shows the average price paid per 6 pack (340ml) beer per province. (The number in brackets shows the year on year growth rate in the average price)
Read the full article here
- Western Cape: R 74.36 (3.2%)
- Eastern Cape: R 66.25 (-2.5%)
- Northern Cape: R 67.67 (-1.2%)
- Free State: R 63.99 (-1.6%)
- KwaZulu-Natal: R 66.58 (-4.2%)
- North West: R 73.98 (10.9%)
- Gauteng: R 70.52 (2.3%)
- Mpumalanga: R 69.21 (3.1%)
- Limpopo: no average prices available for Limpopo
Read the full article here
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JSE Trading Statistics for the week ending 6 December 2019
Number of trades:
Number of trades (2019): 1 704 285
Number of trades (2018): 1 755 585
% change year on year: 8.05%
Volume traded:
Volume traded (2019): 2 072 240 000
Volume of traded (2018): 3 795 214 000
% change year on year: -45.4%
Value of trades:
Value of trades (2019): R105 346 952 000
Value of trades (2018): R100 601 433 000
% change year on year: 4.72%
Foreign purchase/selling:
Net sales/Purchases (2019): -R6 748 733 000
Net sales/Purchases (2018): -R7 027 692 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R118.627 billion
Net sales/Purchases (2018): -R47.585 billion
So a year ago foreigners were net sellers of SA listed shares to the value of -R47.585 billion for the YTD while this year they have been net sellers to the tune of -R118.627 billion in the year to date (YTD). That is a R71 billion difference between the net buying/selling position last year compared to this year as foreigners accelerate their selling of SA's listed stocks.
A clear sign that foreign capital is still leaving South African equities in vast amounts. This while the South African government continues to try and convince investors that South Africa is open for business. But the large scale corruption, poor government service delivery, slow economic growth, restrictive labour laws, worries about property rights, crime and general public disorder in the forms of strikes and looting are keeping potential investors away from South Africa.
JSE total market capitalisation:
Market Cap (2019): R16.931 trillion
Market Cap (2018): R12.461 trillion
% change year on year: 35.87%
So as shown in the JSE total market capitalisation above, the value of the overall market capitalisation of the stocks listed on the JSE has increased significantly over the course of the last 12 months. The markets had a particularly positive start to the year, with all four months of the year ending in positive territory. However since then there has been a few negative months in a row and the JSE All Share Index is now down substantially for the year.
See our JSE Calendar tracker for more.
Key issues for the market and South Africa during 2019 will be:
Number of trades (2019): 1 704 285
Number of trades (2018): 1 755 585
% change year on year: 8.05%
Volume traded:
Volume traded (2019): 2 072 240 000
Volume of traded (2018): 3 795 214 000
% change year on year: -45.4%
Value of trades:
Value of trades (2019): R105 346 952 000
Value of trades (2018): R100 601 433 000
% change year on year: 4.72%
Foreign purchase/selling:
Net sales/Purchases (2019): -R6 748 733 000
Net sales/Purchases (2018): -R7 027 692 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R118.627 billion
Net sales/Purchases (2018): -R47.585 billion
So a year ago foreigners were net sellers of SA listed shares to the value of -R47.585 billion for the YTD while this year they have been net sellers to the tune of -R118.627 billion in the year to date (YTD). That is a R71 billion difference between the net buying/selling position last year compared to this year as foreigners accelerate their selling of SA's listed stocks.
A clear sign that foreign capital is still leaving South African equities in vast amounts. This while the South African government continues to try and convince investors that South Africa is open for business. But the large scale corruption, poor government service delivery, slow economic growth, restrictive labour laws, worries about property rights, crime and general public disorder in the forms of strikes and looting are keeping potential investors away from South Africa.
JSE total market capitalisation:
Market Cap (2019): R16.931 trillion
Market Cap (2018): R12.461 trillion
% change year on year: 35.87%
So as shown in the JSE total market capitalisation above, the value of the overall market capitalisation of the stocks listed on the JSE has increased significantly over the course of the last 12 months. The markets had a particularly positive start to the year, with all four months of the year ending in positive territory. However since then there has been a few negative months in a row and the JSE All Share Index is now down substantially for the year.
See our JSE Calendar tracker for more.
Key issues for the market and South Africa during 2019 will be:
- Exchange Rate (seems to be see sawing a lot. See our exchange rate page)
- The medium term budget speech delivered by Finance Minister Tito Mboweni on 31 October 2019 sent the rand plunging against all major currencies as it was announced the government needs to find an additional R150 billion over the next 3 years to fund what they need to fund. So this saw the debt to GDP ratio skyrocket and sent the Rand plunging.
- The impact of the 25 bp cut announced by the South African Reserve Bank (SARB) monetary policy committee and the impact will have on the Rand as well as the South African economy on the medium to long term. Additional interest rate cuts are now being discussed considering the muted inflation numbers published by Statistics South Africa yesterday and discussed earlier in this article
- ESKOM's financial woes and continued loadshedding and weaker than expected tax collections is forcing government to borrow more money, which is negatively affecting the South African exchange rate, and potential credit rating cuts coming for South Africa's government which pushes up the cost of borrowing, and this at a time when government is borrowing more and more
- Expropriation of land without compensation (EWC)
- Potential expansionary monetary policy coming considering the very weak economic growth numbers
- Sluggish economic growth. See our SA GDP page and high levels of unemployment
- Tax increases announced in the budget speech and how it will affect South African consumers spending patterns and potentially increase inflation levels as taxes were increased by rates higher than inflation. In particular lack of bracket creep relief and higher sin taxes, fuel levies and road accident fund levies will hurt consumers.