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JSE market trading statistics for the week ending 10 May 2019
Date: 13 May 2019 Category: Stock Market |
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We take a look at the Johannesburg Stock Exchange (JSE) trading statistics for the week ending 10 May 2019 and compare the numbers to that of a year ago.
So how has the JSE been performing over the last week in terms of number of trades, volume of trades or value traded? And has seller been buying or selling locally listed shares? |
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Trading statistics for the week ended 10 May 2019
Below a short summary of SA equities from Peregrine Treasury Services before we look at the JSE trading statistics for the week ending 10 May 2019.
SOUTH AFRICAN EQUITY
Locally, markets have followed the general 3.00% correction, seen globally, over the past two weeks. Among the recent weeks riddled by public holidays, thinner volumes were seen going through the JSE, especially on the run-up to elections and voting day. Steinhoff continue to slowly lift the veil on their clandestine ethics, through the presentation of historical results and audit reports to the public. On Tuesday evening, Steinhoff reported their 2017 financial year numbers which saw the correction of massive overstatement of key figures being done. This gave the shareholder more of a true feel for the company’s real operational performance, while still carrying some murky details.
The only real positive arising from Steinhoff’s results is that shareholders are finally beginning to see more transparency and honesty from the company, although the large write-offs, impairments and restatements will leave a bitter taste in their mouths. With inflated intangible issues largely addressed, future financial statements will paint a clearer picture of the path ahead for Steinhoff, particularly in terms of its operational ability.
Additionally, the current board of directors seems to be doing a decent job of ensuring that a full and accurate account of past wrongdoings is presented fairly to shareholders and stakeholders alike. The 2018 report, which should also be released within the next few months, may finally show the underlying shareholder the true colours of Steinhoff. The share was down around 20.00% on the day following the results release, opening up Friday’s trading day at R1.60
Here’s some of the bigger movers on the JSE for the 2019 year so far, as at Friday morning:
Read the full article here.
JSE Trading Statistics for the week ending 10 May 2019
Number of trades:
Number of trades (2019): 1 235 253
Number of trades (2018): 1 257 822
% change year on year: -1.79%
Volume traded:
Volume traded (2019): 1 041 149 000
Volume of traded (2018): 1 337 599 000
% change year on year: -22.16%
Value of trades:
Value of trades (2019): R77 043 915 000
Value of trades (2018): R92 707 203 000
% change year on year: -16.9%
Foreign purchase/selling:
Net sales/Purchases (2019): -R2 113 596 000
Net sales/Purchases (2018): -R4 119 949 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R28.977 billion
Net sales/Purchases (2018): R28.609 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R28.609 billion for the YTD while this year they have been net sellers to the tune of -R29.977 billion in the year to date (YTD). That is a R57.59 billion swing in fortunes of foreigners being net buyers or sellers over the course of the last 12 months. And sadly for South Africans and South African investors the foreigners are dumping South African listed shares instead of buying.
JSE total market capitalisation:
Market Cap (2019): R15.957 trillion
Market Cap (2018): R14.523 trillion
% change year on year: 9.88%
So as shown in the JSE total market capitalisation, the overall market has increased substantially over the course of the last 12 months (and it would have been even higher if it wasn't for the latest tariff increased by the USA on goods imported from China). The markets had a particularly positive start to the year, with all four months of the year ending in positive territory and it looks like the months of May is off to a flyer . See our JSE Calendar tracker for more.
Key issues for the market and South Africa during 2019 will be:
SOUTH AFRICAN EQUITY
Locally, markets have followed the general 3.00% correction, seen globally, over the past two weeks. Among the recent weeks riddled by public holidays, thinner volumes were seen going through the JSE, especially on the run-up to elections and voting day. Steinhoff continue to slowly lift the veil on their clandestine ethics, through the presentation of historical results and audit reports to the public. On Tuesday evening, Steinhoff reported their 2017 financial year numbers which saw the correction of massive overstatement of key figures being done. This gave the shareholder more of a true feel for the company’s real operational performance, while still carrying some murky details.
The only real positive arising from Steinhoff’s results is that shareholders are finally beginning to see more transparency and honesty from the company, although the large write-offs, impairments and restatements will leave a bitter taste in their mouths. With inflated intangible issues largely addressed, future financial statements will paint a clearer picture of the path ahead for Steinhoff, particularly in terms of its operational ability.
Additionally, the current board of directors seems to be doing a decent job of ensuring that a full and accurate account of past wrongdoings is presented fairly to shareholders and stakeholders alike. The 2018 report, which should also be released within the next few months, may finally show the underlying shareholder the true colours of Steinhoff. The share was down around 20.00% on the day following the results release, opening up Friday’s trading day at R1.60
Here’s some of the bigger movers on the JSE for the 2019 year so far, as at Friday morning:
- Impala Platinum: up 53.74%
- Kumba Iron Ore: up 51.56%
- Lonmin: up 43.98%
- Tongaat Hulett: down 60.94%
- Rebosis Property Fund: down 50.56%
- Delta Property Fund: down 44.44%
Read the full article here.
JSE Trading Statistics for the week ending 10 May 2019
Number of trades:
Number of trades (2019): 1 235 253
Number of trades (2018): 1 257 822
% change year on year: -1.79%
Volume traded:
Volume traded (2019): 1 041 149 000
Volume of traded (2018): 1 337 599 000
% change year on year: -22.16%
Value of trades:
Value of trades (2019): R77 043 915 000
Value of trades (2018): R92 707 203 000
% change year on year: -16.9%
Foreign purchase/selling:
Net sales/Purchases (2019): -R2 113 596 000
Net sales/Purchases (2018): -R4 119 949 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R28.977 billion
Net sales/Purchases (2018): R28.609 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R28.609 billion for the YTD while this year they have been net sellers to the tune of -R29.977 billion in the year to date (YTD). That is a R57.59 billion swing in fortunes of foreigners being net buyers or sellers over the course of the last 12 months. And sadly for South Africans and South African investors the foreigners are dumping South African listed shares instead of buying.
JSE total market capitalisation:
Market Cap (2019): R15.957 trillion
Market Cap (2018): R14.523 trillion
% change year on year: 9.88%
So as shown in the JSE total market capitalisation, the overall market has increased substantially over the course of the last 12 months (and it would have been even higher if it wasn't for the latest tariff increased by the USA on goods imported from China). The markets had a particularly positive start to the year, with all four months of the year ending in positive territory and it looks like the months of May is off to a flyer . See our JSE Calendar tracker for more.
Key issues for the market and South Africa during 2019 will be:
- Exchange Rate (seems to see sawing a lot. See our exchange rate page)
- Elections now done and dusted its time to see what policy changes if any will be implemented
- Crude Oil prices which has remained above the $70 levels for a while now
- Expropriation of land without compensation (EWC)
- 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.