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JSE market trading statistics for the week ending 12 April 2019
Date: 15 April 2019 Category: Stock Market |
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We take a look at the Johannesburg Stock Exchange (JSE) trading statistics for the week ending 12 April 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 12 April 2019
Below a short snippet from our Peregrine Treasury Services, Weekly market wrap which summarizes the main events on the local stock market up to Friday morning 12 April 2019.
Equity markets remained surprisingly stable this week, with the resource sector taking its foot off the accelerator. The industrial sector moved around 2.00% higher during the course of the week, mainly due to the rand strength that slowly dripped into the market on Tuesday. When looking at the fairly priced financial sector, the action that was expected to flow from a strengthening rand (weakening US dollar) didn’t tend to follow through in the most convincing way, however the underlying essence of the stronger currency propped the sector up by around 1.00% for the trading week. After stripping around 2.00% for the year-to-date, two weeks back, from investors’ pockets, it’s great to have seen the five-plus percent recovery in the financial sector since then.
Steinhoff continues to grab the attention of shareholders, as news of the Financial Sector Conduct Authority’s (FSCA) inspection into R418 million worth of Steinhoff shares traded before the collapse came to a close. Amazingly, no flags were raised during the three reports released so far, however investigations will continue to be carried out on a remaining figure of R46 million worth of shares traded before Steinhoff’s catastrophic collapse on 4 December 2017. The damage has already been done to investors. Any new light shed on the Steinhoff saga will simply bring about a sense of clarity and closure to those effected by the tragic fall. Steinhoff opened Friday’s trading day at R1.76 per share.
Although the resource sector has enjoyed a mix of stronger underlying metal prices, as well as a slowing global economy (capturing the sights of opportunistic investors), this week saw SA’s largest gold producer, Sibanye Gold, attempting to take a shot at clearing some of its roughly R21.3 billion debt pile by raising cash through a share placement and working on restructuring plans. Hampered by recent mining strikes, which cost the company in the region of around R17 million per day (aggregate-to-date: around R1.5 billion), Sibanye are scrapping it out as best they can in a challenging economy. Sibanye opened Friday’s trading day at R14.18 per share – this, around 20.00% lower than the week’s opening price of around R17.00 per share.
Some of April’s bigger movers on the JSE, as at Friday morning:
JSE Trading Statistics as published by the JSE
Number of trades:
Number of trades (2019): 1 285 990
Number of trades (2018): 1 201 419
% change year on year: 7.04%
Volume traded:
Volume traded (2019): 1 321 344 000
Volume of traded (2018): 1 731 680 000
% change year on year: -23.7%
Value of trades:
Value of trades (2019): R87 507 209 000
Value of trades (2018): R100 869 290 000
% change year on year: -13.25%
Foreign purchase/selling:
Net sales/Purchases (2019): R1 426 778 000
Net sales/Purchases (2018): R 4 539 453 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R24.81 billion
Net sales/Purchases (2018): R31.1 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R31.1 billion for the YTD while this year they have been net sellers to the tune of -R24.8 billion in the year to date (YTD). That is a R55.91 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): R15.516 trillion
Market Cap (2018): R14.423 trillion
% change year on year: 14.51%
Key issues for the market and South Africa during 2019 will be:
Equity markets remained surprisingly stable this week, with the resource sector taking its foot off the accelerator. The industrial sector moved around 2.00% higher during the course of the week, mainly due to the rand strength that slowly dripped into the market on Tuesday. When looking at the fairly priced financial sector, the action that was expected to flow from a strengthening rand (weakening US dollar) didn’t tend to follow through in the most convincing way, however the underlying essence of the stronger currency propped the sector up by around 1.00% for the trading week. After stripping around 2.00% for the year-to-date, two weeks back, from investors’ pockets, it’s great to have seen the five-plus percent recovery in the financial sector since then.
Steinhoff continues to grab the attention of shareholders, as news of the Financial Sector Conduct Authority’s (FSCA) inspection into R418 million worth of Steinhoff shares traded before the collapse came to a close. Amazingly, no flags were raised during the three reports released so far, however investigations will continue to be carried out on a remaining figure of R46 million worth of shares traded before Steinhoff’s catastrophic collapse on 4 December 2017. The damage has already been done to investors. Any new light shed on the Steinhoff saga will simply bring about a sense of clarity and closure to those effected by the tragic fall. Steinhoff opened Friday’s trading day at R1.76 per share.
Although the resource sector has enjoyed a mix of stronger underlying metal prices, as well as a slowing global economy (capturing the sights of opportunistic investors), this week saw SA’s largest gold producer, Sibanye Gold, attempting to take a shot at clearing some of its roughly R21.3 billion debt pile by raising cash through a share placement and working on restructuring plans. Hampered by recent mining strikes, which cost the company in the region of around R17 million per day (aggregate-to-date: around R1.5 billion), Sibanye are scrapping it out as best they can in a challenging economy. Sibanye opened Friday’s trading day at R14.18 per share – this, around 20.00% lower than the week’s opening price of around R17.00 per share.
Some of April’s bigger movers on the JSE, as at Friday morning:
- Mr Price: up around 9.83%
- Bidvest: up around 8.60%
- Kumba Iron Ore: up around 8.10%
- Barloworld: up around 7.24%
- Sibanye Gold: down around 12.33% (and around 20.00% for the week) after a 5.00% share placement was executed through an accelerated book build.
JSE Trading Statistics as published by the JSE
Number of trades:
Number of trades (2019): 1 285 990
Number of trades (2018): 1 201 419
% change year on year: 7.04%
Volume traded:
Volume traded (2019): 1 321 344 000
Volume of traded (2018): 1 731 680 000
% change year on year: -23.7%
Value of trades:
Value of trades (2019): R87 507 209 000
Value of trades (2018): R100 869 290 000
% change year on year: -13.25%
Foreign purchase/selling:
Net sales/Purchases (2019): R1 426 778 000
Net sales/Purchases (2018): R 4 539 453 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R24.81 billion
Net sales/Purchases (2018): R31.1 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R31.1 billion for the YTD while this year they have been net sellers to the tune of -R24.8 billion in the year to date (YTD). That is a R55.91 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): R15.516 trillion
Market Cap (2018): R14.423 trillion
% change year on year: 14.51%
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 (and how this will affect policies and policy implementation in South Africa)
- Crude Oil prices
- 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.