|
Related Topics |
|
We take a look at the Johannesburg Stock Exchange (JSE) trading statistics for the week ending 18 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? |
|
Trading statistics for the week ended 18 January 2019
So in a week that has passed that saw a few of South Africa's retailer's bringing out less than favourable trading updates, what did the overall market trading statistics look like for the week ending 18 January 2019?
Number of trades:
Number of trades (2019): 1 284 384
Number of trades (2018): 1 197 054
% change year on year: 7.30%
Value of trades:
Value of trades (2019): R81 096 030 000
Value of trades (2018): R110 399 575 000
% change year on year: -26.5%
Foreign purchase/selling:
Net sales/Purchases (2019): - R3 916 465 000
Net sales/Purchases (2018): R5 500 656 000
While foreigners were small big 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 R3.9 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. So far for 2019, foreigners have sold -R10.38 billion worth of SA listed shares. And this within the first three trading weeks of 2019. Clearly foreigner investors sentiment towards South African listed shares is pretty negative. One wonders if SA Inc. at Davos will make a difference?
JSE total market capitalisation:
Market Cap (2019): R12.88 trillion
Market Cap (2018): R15.87 trillion
% change year on year: -18.84%
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 R12.88 trillion (down a whopping 18.84%) from the R15.87 trillion a year ago. And with massive wholesalers and retailers such as Massmart (MSM) and Mr Price (MRP) taking absolute poundings in the last couple of days, we suspect the results for the next trading week will make for even uglier reading. South African investors are finding it really tough on the markets right now.
Key issues for the market and South Africa during 2019 will be:
Number of trades:
Number of trades (2019): 1 284 384
Number of trades (2018): 1 197 054
% change year on year: 7.30%
Value of trades:
Value of trades (2019): R81 096 030 000
Value of trades (2018): R110 399 575 000
% change year on year: -26.5%
Foreign purchase/selling:
Net sales/Purchases (2019): - R3 916 465 000
Net sales/Purchases (2018): R5 500 656 000
While foreigners were small big 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 R3.9 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. So far for 2019, foreigners have sold -R10.38 billion worth of SA listed shares. And this within the first three trading weeks of 2019. Clearly foreigner investors sentiment towards South African listed shares is pretty negative. One wonders if SA Inc. at Davos will make a difference?
JSE total market capitalisation:
Market Cap (2019): R12.88 trillion
Market Cap (2018): R15.87 trillion
% change year on year: -18.84%
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 R12.88 trillion (down a whopping 18.84%) from the R15.87 trillion a year ago. And with massive wholesalers and retailers such as Massmart (MSM) and Mr Price (MRP) taking absolute poundings in the last couple of days, we suspect the results for the next trading week will make for even uglier reading. South African investors are finding it really tough on the markets right now.
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.