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We take a look at the Johannesburg Stock Exchange (JSE) trading statistics for the week ending 28 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? |
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Trading statistics for the week ended 28 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 28 June 2019.
SOUTH AFRICAN EQUITY
SA equities lagged this week, almost in-line with the strengthening of the rand against the US dollar. It’s interesting to note that that the US dollar index (DXY) is also down around 1.64% so far in June, once again indicating that the rand strength isn’t necessarily all attributed to local happenings. With 2019 starting to feel like one of the most uncertain years witnessed within the millennial lifetime, it’s anyone’s guess as to when the fog will start to clear.
This week, the JSE saw its Top 40 index dipping by around 1.64%, mainly on the back of heavier –weighted dual-listed stocks being negatively impacted by a stronger rand. Examples of these would be Naspers (down around 2.99% for the week), Sasol (down 3.47%), AB Inbev (down 3.77%) and Richemont (remaining flat).
Making news this week, BHP Billiton reached all-time highs of around R366.83 a share on the back of a record breaking rally seen in the iron ore sector due to limited supply. Having said this, BHP will be paying $175 million over to Western Australia, due to a tax dispute – this may put a dampener on the share during Friday’s trading day. Kumba Iron Ore and Exxaro were also dragged higher on the back of the iron ore pump.
MTN saw its local share price stumbling along this week, as its dual listing in Nigeria was seen dropping around 2.40% to 128.75 naira (same levels as a month ago). This all on the back of the R28.65 billion tax dispute being pushed out until 29 October later in the year. MTN opened Friday’s trading day at R107.53 a share.
After bench warming for five years, Exxaro seems as if it’s now ready to join the A-team again on the Top 40 index. This was on the back of a re-rating of the resources sector in general, as well as the extremely strong conditions seen veiling iron ore. The last three years has seen Exxaro ramping up by around 190.00%, catapulting it to levels of around R174.05 a share.
Here’s some of the bigger movers on the JSE for the 2019 year so far, painting a relatively clear picture that the resource sector’s performance stands head and shoulders above most others:
Read the full Peregrine weekly update here
JSE Trading Statistics for the week ending 28 June 2019
Number of trades:
Number of trades (2019): 1 230 371
Number of trades (2018): 1 323 019
% change year on year: -7%
Volume traded:
Volume traded (2019): 1 322 558 000
Volume of traded (2018): 2 222 183 000
% change year on year: -40.48%
Value of trades:
Value of trades (2019): R80 636 951 000
Value of trades (2018): R121 735 391 000
% change year on year: -33.76%
Foreign purchase/selling:
Net sales/Purchases (2019): R170 631 000
Net sales/Purchases (2018): R11 094 062 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R29.77 billion
Net sales/Purchases (2018): R17.515 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R17.515 billion for the YTD while this year they have been net sellers to the tune of -R29.77 billion in the year to date (YTD). That is a massive R47.28 billion swing in fortunes of foreigners being net buyers or sellers over the course of the last 12 months.
JSE total market capitalisation:
Market Cap (2019): R16.244 trillion
Market Cap (2018): R14.788 trillion
% change year on year: 9.85%
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 fought back and ended the months 4.55% in the green. See our JSE Calendar tracker for more.
Key issues for the market and South Africa during 2019 will be:
SOUTH AFRICAN EQUITY
SA equities lagged this week, almost in-line with the strengthening of the rand against the US dollar. It’s interesting to note that that the US dollar index (DXY) is also down around 1.64% so far in June, once again indicating that the rand strength isn’t necessarily all attributed to local happenings. With 2019 starting to feel like one of the most uncertain years witnessed within the millennial lifetime, it’s anyone’s guess as to when the fog will start to clear.
This week, the JSE saw its Top 40 index dipping by around 1.64%, mainly on the back of heavier –weighted dual-listed stocks being negatively impacted by a stronger rand. Examples of these would be Naspers (down around 2.99% for the week), Sasol (down 3.47%), AB Inbev (down 3.77%) and Richemont (remaining flat).
Making news this week, BHP Billiton reached all-time highs of around R366.83 a share on the back of a record breaking rally seen in the iron ore sector due to limited supply. Having said this, BHP will be paying $175 million over to Western Australia, due to a tax dispute – this may put a dampener on the share during Friday’s trading day. Kumba Iron Ore and Exxaro were also dragged higher on the back of the iron ore pump.
MTN saw its local share price stumbling along this week, as its dual listing in Nigeria was seen dropping around 2.40% to 128.75 naira (same levels as a month ago). This all on the back of the R28.65 billion tax dispute being pushed out until 29 October later in the year. MTN opened Friday’s trading day at R107.53 a share.
After bench warming for five years, Exxaro seems as if it’s now ready to join the A-team again on the Top 40 index. This was on the back of a re-rating of the resources sector in general, as well as the extremely strong conditions seen veiling iron ore. The last three years has seen Exxaro ramping up by around 190.00%, catapulting it to levels of around R174.05 a share.
Here’s some of the bigger movers on the JSE for the 2019 year so far, painting a relatively clear picture that the resource sector’s performance stands head and shoulders above most others:
- Impala Platinum: up 86.80%
- Kumba Iron Ore: up 75.67%
- Sibanye Gold: up 65.67%
- Tongaat Hulett: down 76.32%
- Rebosis Property Fund: down 77.32%
- Omnia: down 58.37%
- Brait: down 35.80%
Read the full Peregrine weekly update here
JSE Trading Statistics for the week ending 28 June 2019
Number of trades:
Number of trades (2019): 1 230 371
Number of trades (2018): 1 323 019
% change year on year: -7%
Volume traded:
Volume traded (2019): 1 322 558 000
Volume of traded (2018): 2 222 183 000
% change year on year: -40.48%
Value of trades:
Value of trades (2019): R80 636 951 000
Value of trades (2018): R121 735 391 000
% change year on year: -33.76%
Foreign purchase/selling:
Net sales/Purchases (2019): R170 631 000
Net sales/Purchases (2018): R11 094 062 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R29.77 billion
Net sales/Purchases (2018): R17.515 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R17.515 billion for the YTD while this year they have been net sellers to the tune of -R29.77 billion in the year to date (YTD). That is a massive R47.28 billion swing in fortunes of foreigners being net buyers or sellers over the course of the last 12 months.
JSE total market capitalisation:
Market Cap (2019): R16.244 trillion
Market Cap (2018): R14.788 trillion
% change year on year: 9.85%
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 fought back and ended the months 4.55% in the green. 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.