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We take a look at the Johannesburg Stock Exchange (JSE) trading statistics for the week ending 22 February and compare the numbers to that of a year ago.
So what was the markets like during the week South Africa's all important budget speech was delivered by the minister of finance, Tito Mboweni. Note all figures are as obtained from the JSE. |
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Trading statistics for the week ended 22 February 2019
So trading statements from South African companies have been weak for the most part. Woolworths brought out less than inspiring results for the year ended December 2018, but we believe the share offers long term value, and on the flip side Adcock Ingram brought out a solid set of results.
And then there is the big news in the markets surrounding EOH that is not going away and the share price just keeps hitting new record lows. Read more about EOH's woes here
Number of trades:
Number of trades (2019): 1 437 481
Number of trades (2018): 1 392 649
% change year on year: 3.22%
Value of trades:
Value of trades (2019): R96 100 058 000
Value of trades (2018): R119 862 021 000
% change year on year: -19.82%
Volume traded:
Volume traded (2019): 1 848 078 000
Volume traded (2018): 1 899 547 000
% change year on year: -2.71%
Foreign purchase/selling:
Net sales/Purchases (2019): R114 856 000
Net sales/Purchases (2018): R2 692 174 000
While foreigners were net buyers of shares listed on the JSE for the week ending 22 February 2019, for the year as whole foreigners remain net sellers to the value of -R9.55 billion. During the same period of last year foreigners were net buyers to the value of R26.65 billion
JSE total market capitalisation:
Market Cap (2019): R15.589 trillion
Market Cap (2018): R14.815 trillion
% change year on year: 5.29%
So total JSE market capital of all shares listed on the JSE ended at R15.589 trillion (or 5.3% higher than the R14.815 trillion) the year before.
Key issues for the market and South Africa during 2019 so far has been and will continue to be:
And then there is the big news in the markets surrounding EOH that is not going away and the share price just keeps hitting new record lows. Read more about EOH's woes here
Number of trades:
Number of trades (2019): 1 437 481
Number of trades (2018): 1 392 649
% change year on year: 3.22%
Value of trades:
Value of trades (2019): R96 100 058 000
Value of trades (2018): R119 862 021 000
% change year on year: -19.82%
Volume traded:
Volume traded (2019): 1 848 078 000
Volume traded (2018): 1 899 547 000
% change year on year: -2.71%
Foreign purchase/selling:
Net sales/Purchases (2019): R114 856 000
Net sales/Purchases (2018): R2 692 174 000
While foreigners were net buyers of shares listed on the JSE for the week ending 22 February 2019, for the year as whole foreigners remain net sellers to the value of -R9.55 billion. During the same period of last year foreigners were net buyers to the value of R26.65 billion
JSE total market capitalisation:
Market Cap (2019): R15.589 trillion
Market Cap (2018): R14.815 trillion
% change year on year: 5.29%
So total JSE market capital of all shares listed on the JSE ended at R15.589 trillion (or 5.3% higher than the R14.815 trillion) the year before.
Key issues for the market and South Africa during 2019 so far has been and will continue to be:
- Exchange Rate
- The budget speech that was delivered on 20 February 2019 and how government will bail ESKOM out again, and how they will fund their spending programs by increasing all taxes known to man kind and by borrowing more than they planned on borrowing is our guess. See our Fiscal policy page for more on the budget speech
- 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 (latest unemployment rate was published on 12 February 2019). Read more about SA's unemployment rate here