|
Related Topics |
|
We take a look at the Johannesburg Stock Exchange (JSE) trading statistics for the week ending 19 July 2019 and compare the numbers to that of a year ago.
So how has the South African Stock Market 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 19 July 2019
Below a short summary of SA equities from Peregrine Treasury Services before we look at the JSE trading statistics for the week ending 19 July 2019.
SOUTH AFRICAN EQUITY
Over the weekend, AB Inbev (ANH) announced the cancellation of their much anticipated Asian IPO on the Hong Kong Stock Exchange. Investors seemed to be worried about the potentially murky state of the company, given the late and unexpected cancellation.
First and foremost, the cancellation of the IPO, will have a small impact on the duration of their expected settlement period, when looking at their debt burden, mainly bought upon by the purchase of SAB in 2016. Although the IPO wasn’t necessarily pivotal in paying off InBev’s debt burden, it certainly would’ve helped. To an immaterial degree, they may have lost shorter-term investor confidence and a potentially increased level of liquidity, with regard to the market price of their share. After stumbling around 3.70% after the announcement, to levels of around R1,210.00 per share, ANH spent the remainder of the week working back its losses and investor confidence. ANH opened Friday’s trading day at R1,234.63 per share
Richemont’s (CFR) Q1 sales numbers came in higher at 12% year-on-year (actual exchange rates) and 9% year-on-year (constant exchange rates). Growth was mainly seen coming out of the Far East countries such as Japan and China. Lower growth figures were seen coming out of the Americas, while Europe, the Middle East and Africa recorded negative growth for the first quarter. While CFR have ventured into the e-commerce business, it’s important to note that margins are a lot tighter within those realms, which could impact operating margins down-the-line. CFR held relatively strong throughout Thursday’s trading day, following the announcement. CFR opened at R120.79 per share on Friday morning.
Here’s some of the bigger movers on the JSE for the 2019 year so far, painting a relatively clear picture that investors are tending to lean toward the, historically-defined, safer haven segment:
Read the full article here
JSE Trading Statistics for the week ending 19 July 2019
Number of trades:
Number of trades (2019): 1 430 229
Number of trades (2018): 960 873
% change year on year: 48.85%
Volume traded:
Volume traded (2019): 1 413 399 000
Volume of traded (2018): 1 387 557 000
% change year on year: 1.86%
Value of trades:
Value of trades (2019): R87 357 789 000
Value of trades (2018): R84 594 506 000
% change year on year: 3.27%
Foreign purchase/selling:
Net sales/Purchases (2019): R1 765 196 000
Net sales/Purchases (2018): -R1 074 747 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R33.52 billion
Net sales/Purchases (2018): R14.49 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R14.49 billion for the YTD while this year they have been net sellers to the tune of -R33.52 billion in the year to date (YTD). That is a R48.4 billion swing in the value of foreigners being net buyers or sellers over the course of the last 12 months. A clear sign that foreign capital is still leaving South African equities in vast amounts. Even with the Ramaphosa presidency trying to win back investor confidence
JSE total market capitalisation:
Market Cap (2019): R16.410 trillion
Market Cap (2018): R14.630 trillion
% change year on year: 12.17%
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. But July is off to a pretty shaky start with the JSE All share ending down about -1.6% for the first two trading weeks of the second half of the year
See our JSE Calendar tracker for more.
Key issues for the market and South Africa during 2019 will be:
SOUTH AFRICAN EQUITY
Over the weekend, AB Inbev (ANH) announced the cancellation of their much anticipated Asian IPO on the Hong Kong Stock Exchange. Investors seemed to be worried about the potentially murky state of the company, given the late and unexpected cancellation.
First and foremost, the cancellation of the IPO, will have a small impact on the duration of their expected settlement period, when looking at their debt burden, mainly bought upon by the purchase of SAB in 2016. Although the IPO wasn’t necessarily pivotal in paying off InBev’s debt burden, it certainly would’ve helped. To an immaterial degree, they may have lost shorter-term investor confidence and a potentially increased level of liquidity, with regard to the market price of their share. After stumbling around 3.70% after the announcement, to levels of around R1,210.00 per share, ANH spent the remainder of the week working back its losses and investor confidence. ANH opened Friday’s trading day at R1,234.63 per share
Richemont’s (CFR) Q1 sales numbers came in higher at 12% year-on-year (actual exchange rates) and 9% year-on-year (constant exchange rates). Growth was mainly seen coming out of the Far East countries such as Japan and China. Lower growth figures were seen coming out of the Americas, while Europe, the Middle East and Africa recorded negative growth for the first quarter. While CFR have ventured into the e-commerce business, it’s important to note that margins are a lot tighter within those realms, which could impact operating margins down-the-line. CFR held relatively strong throughout Thursday’s trading day, following the announcement. CFR opened at R120.79 per share on Friday morning.
Here’s some of the bigger movers on the JSE for the 2019 year so far, painting a relatively clear picture that investors are tending to lean toward the, historically-defined, safer haven segment:
- Impala Platinum: up 99.15%
- Kumba Iron Ore: up 70.75%
- Sibanye Gold: up 74.75%
- Rebosis Property Fund: down 76.58%
- Omnia: down 61.24%
- Brait: down 43.17%
Read the full article here
JSE Trading Statistics for the week ending 19 July 2019
Number of trades:
Number of trades (2019): 1 430 229
Number of trades (2018): 960 873
% change year on year: 48.85%
Volume traded:
Volume traded (2019): 1 413 399 000
Volume of traded (2018): 1 387 557 000
% change year on year: 1.86%
Value of trades:
Value of trades (2019): R87 357 789 000
Value of trades (2018): R84 594 506 000
% change year on year: 3.27%
Foreign purchase/selling:
Net sales/Purchases (2019): R1 765 196 000
Net sales/Purchases (2018): -R1 074 747 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R33.52 billion
Net sales/Purchases (2018): R14.49 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R14.49 billion for the YTD while this year they have been net sellers to the tune of -R33.52 billion in the year to date (YTD). That is a R48.4 billion swing in the value of foreigners being net buyers or sellers over the course of the last 12 months. A clear sign that foreign capital is still leaving South African equities in vast amounts. Even with the Ramaphosa presidency trying to win back investor confidence
JSE total market capitalisation:
Market Cap (2019): R16.410 trillion
Market Cap (2018): R14.630 trillion
% change year on year: 12.17%
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. But July is off to a pretty shaky start with the JSE All share ending down about -1.6% for the first two trading weeks of the second half of the year
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)
- The impact of the 25 bp cut announced by the South African Reserve Bank (SARB) monetary policy committee and the impact will have on the Rand as well as the South African economy
- 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.