|
Related Topics |
|
We take a look at the Johannesburg Stock Exchange (JSE) trading statistics for the week ending 14 June 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? |
|
Trading statistics for the week ended 14 June 2019
Below a short summary of SA equities from Peregrine Treasury Services before we look at the JSE trading statistics for the week ending 14 June 2019.
SOUTH AFRICAN EQUITY
South African equity markets have held up surprisingly well over the last five trading days, with a material amount of support being gifted by Naspers and many of the other larger dual-listed companies on the local securities exchange. Cigarette maker, British American Tobacco (BTI), gave guidance on their expectation of cigarette sales numbers, which they expect to slow down by around 3.50% globally. Cigarette sales in the US dropped 5.00% alone, while the actual market price of BTI dropped around 5.00% during the course of the week. BTI opened Friday’s trading day at R548.91
Tsogo Sun saw the unbundling of their hotel business which will now be called Tsogo Sun Hotels Limited and trade under the ticker TGO. Tsogo Sun’s share price dipped by around 18.00%, but this was mainly attributed to the unbundling of their hotel business, which ended its first solo trading day at R4.00, valuing the new hotel business at around R4.20 billion. Tsogo Sun (TSH) will now be known as Tsogo Sun Gaming and will look after the casino side of the business along with other alternative forms of gaming. The whole idea of the unbundling the hotel business from the gaming business may potentially bring in more interest and liquidity, from the likes of Shariah funds, to the hotel side of the business.
Naspers saw their core headline earnings (HEPS) coming in up to 31% - 32% stronger than the previous period, while HEPS, excluding MultiChoice, came in between 24% and 26% stronger. Naspers look to list on the Amsterdam stock exchange in July in order to create further liquidity and easier access for its European investors. Naspers opened Friday’s trading day at R3,485.00 – over 3.00% up for the week. Going into Thursday’s closing auction, the general feel was that foreign investors may be stepping in to add some pressure on SA Inc. companies, along with the rand. One will have to see what happens today on local markets, but the feel is relatively sombre.
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 14 June 2019
Number of trades:
Number of trades (2019): 1 517 456
Number of trades (2018): 1 291 940
% change year on year: 17.46%
Volume traded:
Volume traded (2019): 1 420 247 000
Volume of traded (2018): 2 019 469 000
% change year on year: -29.6%
Value of trades:
Value of trades (2019): R95 738 879 000
Value of trades (2018): R117 289 717 000
% change year on year: -18.3%
Foreign purchase/selling:
Net sales/Purchases (2019): R 2 142 740 000
Net sales/Purchases (2018): -R3 258 559 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R26.04 billion
Net sales/Purchases (2018): R8.45 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R8.45 billion for the YTD while this year they have been net sellers to the tune of -R26.04 billion in the year to date (YTD). That is a R34.49 billion swingin fortunes of foreigners being net buyers or sellers over the course of the last 12 months. While it is a lot better than the almost R50 billion difference between foreign buying and selling of a few weeks ago, the fact remains for the year to date foreigners sold R26 billion in South African listed shares.
And sadly for South Africans and South African investors the foreigners are dumping South African listed shares instead of buying. But this trend was bucked last week with foreigners being net buyers of over R7.6 billion worth of SA listed share. Probably piling into the Rand hedge shares listed on the JSE, taking advantage of Rand weakness and expecting strong gains from the Rand hedges due to Rand weakness.
JSE total market capitalisation:
Market Cap (2019): R16.356 trillion
Market Cap (2018): R14.691 trillion
% change year on year: 11.33%
So as shown in the JSE total market capitalisation above, the overall stock market of South Africa has increased substantially over the course of the last 12 months (and it would have been even higher if it wasn't for the tariff war between the USA and China). The markets had a particularly positive start to the year, with all four months of the year ending in positive territory. While May ended the month strongly in the negative. June has decided to fight back and the market has gone up by almost 5% during June 2019 . See our JSE Calendar tracker for more.
Key issues for the market and South Africa during 2019 will be:
SOUTH AFRICAN EQUITY
South African equity markets have held up surprisingly well over the last five trading days, with a material amount of support being gifted by Naspers and many of the other larger dual-listed companies on the local securities exchange. Cigarette maker, British American Tobacco (BTI), gave guidance on their expectation of cigarette sales numbers, which they expect to slow down by around 3.50% globally. Cigarette sales in the US dropped 5.00% alone, while the actual market price of BTI dropped around 5.00% during the course of the week. BTI opened Friday’s trading day at R548.91
Tsogo Sun saw the unbundling of their hotel business which will now be called Tsogo Sun Hotels Limited and trade under the ticker TGO. Tsogo Sun’s share price dipped by around 18.00%, but this was mainly attributed to the unbundling of their hotel business, which ended its first solo trading day at R4.00, valuing the new hotel business at around R4.20 billion. Tsogo Sun (TSH) will now be known as Tsogo Sun Gaming and will look after the casino side of the business along with other alternative forms of gaming. The whole idea of the unbundling the hotel business from the gaming business may potentially bring in more interest and liquidity, from the likes of Shariah funds, to the hotel side of the business.
- TGO opened Friday’s trading day at R4.43
- TSH opened up Friday’s trading day at R16.20
Naspers saw their core headline earnings (HEPS) coming in up to 31% - 32% stronger than the previous period, while HEPS, excluding MultiChoice, came in between 24% and 26% stronger. Naspers look to list on the Amsterdam stock exchange in July in order to create further liquidity and easier access for its European investors. Naspers opened Friday’s trading day at R3,485.00 – over 3.00% up for the week. Going into Thursday’s closing auction, the general feel was that foreign investors may be stepping in to add some pressure on SA Inc. companies, along with the rand. One will have to see what happens today on local markets, but the feel is relatively sombre.
Here’s some of the bigger movers on the JSE for the 2019 year so far, as at Friday morning:
- Impala Platinum: up 84.43% (8.07% in the last five trading days)
- Kumba Iron Ore: up 69.66%
- Tongaat Hulett: down 76.32%
- Rebosis Property Fund: down 67.66%
- Delta Property Fund: down 53.78%
Read the full article here.
JSE Trading Statistics for the week ending 14 June 2019
Number of trades:
Number of trades (2019): 1 517 456
Number of trades (2018): 1 291 940
% change year on year: 17.46%
Volume traded:
Volume traded (2019): 1 420 247 000
Volume of traded (2018): 2 019 469 000
% change year on year: -29.6%
Value of trades:
Value of trades (2019): R95 738 879 000
Value of trades (2018): R117 289 717 000
% change year on year: -18.3%
Foreign purchase/selling:
Net sales/Purchases (2019): R 2 142 740 000
Net sales/Purchases (2018): -R3 258 559 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R26.04 billion
Net sales/Purchases (2018): R8.45 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R8.45 billion for the YTD while this year they have been net sellers to the tune of -R26.04 billion in the year to date (YTD). That is a R34.49 billion swingin fortunes of foreigners being net buyers or sellers over the course of the last 12 months. While it is a lot better than the almost R50 billion difference between foreign buying and selling of a few weeks ago, the fact remains for the year to date foreigners sold R26 billion in South African listed shares.
And sadly for South Africans and South African investors the foreigners are dumping South African listed shares instead of buying. But this trend was bucked last week with foreigners being net buyers of over R7.6 billion worth of SA listed share. Probably piling into the Rand hedge shares listed on the JSE, taking advantage of Rand weakness and expecting strong gains from the Rand hedges due to Rand weakness.
JSE total market capitalisation:
Market Cap (2019): R16.356 trillion
Market Cap (2018): R14.691 trillion
% change year on year: 11.33%
So as shown in the JSE total market capitalisation above, the overall stock market of South Africa has increased substantially over the course of the last 12 months (and it would have been even higher if it wasn't for the tariff war between the USA and China). The markets had a particularly positive start to the year, with all four months of the year ending in positive territory. While May ended the month strongly in the negative. June has decided to fight back and the market has gone up by almost 5% during June 2019 . 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)
- 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)
- 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.