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We take a look at the Johannesburg Stock Exchange (JSE) trading statistics for the week ending 11 January 2019 and compare the numbers to that of a year ago.
So just how has the JSE performed in the first full trading week of the year? Has the BREXIT worries, and trade wars concerns between US and China weighed on SA's markets or not? |
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Trading statistics for the week ended 11 January 2019
Number of trades:
Number of trades (2019): 1 186 326
Number of trades (2018): 1 062 716
% change year on year: 11.63%
Value of trades:
Value of trades (2019): R75 162 499 000
Value of trades (2018): R94 878 576 000
% change year on year: -20.7%
Foreign purchase/selling:
Net sales/Purchases (2019): - R4 821 171 000
Net sales/Purchases (2018): R804 147 000
% change year on year: 699% increase in net sales by foreigners compared to a year ago.
While foreigners were small net buyers of SA listed shares during the comparative week of the previous year, they were strong net sellers of SA equities during last week, with them selling R4.8 billion in SA listed shares. And foreigners were net sellers of SA listed shares during 2017 and 2018. And the trend seems to be continuing into 2019.
JSE total market capitalisation:
Market Cap (2019): R12.811 trillion
Market Cap (2018): R15.75 trillion
% change year on year: -18.66%
So in summary number of trades increased, value traded declined compared to a year ago, foreigners remained net sellers of JSE listed shares and the total market capital of shares listed on the JSE is sitting at R12.81 trillion (down a whopping 18.66%) from the R15.75 trillion a year ago.
Key issues for the market and South Africa during 2019 will be:
Number of trades (2019): 1 186 326
Number of trades (2018): 1 062 716
% change year on year: 11.63%
Value of trades:
Value of trades (2019): R75 162 499 000
Value of trades (2018): R94 878 576 000
% change year on year: -20.7%
Foreign purchase/selling:
Net sales/Purchases (2019): - R4 821 171 000
Net sales/Purchases (2018): R804 147 000
% change year on year: 699% increase in net sales by foreigners compared to a year ago.
While foreigners were small net buyers of SA listed shares during the comparative week of the previous year, they were strong net sellers of SA equities during last week, with them selling R4.8 billion in SA listed shares. And foreigners were net sellers of SA listed shares during 2017 and 2018. And the trend seems to be continuing into 2019.
JSE total market capitalisation:
Market Cap (2019): R12.811 trillion
Market Cap (2018): R15.75 trillion
% change year on year: -18.66%
So in summary number of trades increased, value traded declined compared to a year ago, foreigners remained net sellers of JSE listed shares and the total market capital of shares listed on the JSE is sitting at R12.81 trillion (down a whopping 18.66%) from the R15.75 trillion a year ago.
Key issues for the market and South Africa during 2019 will be:
- Exchange Rate
- Elections (and how this will affect policies and policy implementation in South Africa)
- Crude Oil prices
- Expropriation of land without compensation (EWC)
- Sluggish economic growth and high levels of unemployment
- Tax rates to be announced in the February 2019 budget speech.