|
JSE market trading statistics for the week ending 24 May 2019
Date: 28 May 2019 Category: Stock Market |
Related Topics |
|
We take a look at the Johannesburg Stock Exchange (JSE) trading statistics for the week ending 24 May 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 24 May 2019
Below a short summary of SA equities from Peregrine Treasury Services before we look at the JSE trading statistics for the week ending 24 May 2019.
SOUTH AFRICAN EQUITY
Is South Africa becoming an entirely uninviting investment destination? South African equities have taken a massive blow this week, due to the tidal waves sent through emerging markets, following the US China scuffle. With SA’s political landscape still trying to find a way forward, the global slowdown and now the decay of emerging markets through the trade war, things aren’t looking too bright on SA shores when it comes to the equity market. And to top this all off, the almost clandestine behavior seen in a growing amount of South African listed entities has seen liquidity drying up on the Johannesburg Securities Exchange (JSE) in 2019.
This week saw Massmart, Brait and Sasol all experiencing devastating 10.00% down days – a trend that seems to be becoming a normal daily event on the JSE.
Having said this, these market moves that local shareholders have to uncomfortably and more consistently ride-out have started to become a topic of concern. Are South African companies trustworthy anymore? Have they miscalculated the economic trends we’re seeing in 2019? Is the JSE watchdog being strict enough on the portfolio-damaging moves that have become all too familiar on the All Share Index? Is liquidity drying up on SA shores?
Here’s some of the bigger movers on the JSE for the 2019 year so far, as at Friday morning:
Year-to-date, the JSE All Share index is up 2.91% and the Top 40 up 3.35%, both taking quite a knock over the last trading week. Sector-wise, industrials have now returned 5.45%, resources 3.26% and financials -0.80% for the 2019 year so far.
Read the full article here.
JSE Trading Statistics for the week ending 24 May 2019
Number of trades:
Number of trades (2019): 1 574 256
Number of trades (2018): 1 324 468
% change year on year: 18.86%
Volume traded:
Volume traded (2019): 1 421 596 000
Volume of traded (2018): 1 354 237 000
% change year on year: 4.97%
Value of trades:
Value of trades (2019): R102 162 118 000
Value of trades (2018): R93 179 902000
% change year on year: -9.64%
Foreign purchase/selling:
Net sales/Purchases (2019): -R2 243 031 000
Net sales/Purchases (2018): -R1 505 917 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R31.465 billion
Net sales/Purchases (2018): R16.597 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R16.597 million for the YTD while this year they have been net sellers to the tune of -R31.465 billion in the year to date (YTD). That is a R48.06 billion swing in fortunes of foreigners being net buyers or sellers over the course of the last 12 months. And sadly for South Africans and South African investors the foreigners are dumping South African listed shares instead of buying.
JSE total market capitalisation:
Market Cap (2019): R15.556 trillion
Market Cap (2018): R14.257 trillion
% change year on year: 9.11%
So as shown in the JSE total market capitalisation, the overall market has increased substantially over the course of the last 12 months (and it would have been even higher if it wasn't for the latest tariff increased by the USA on goods imported from China). The markets had a particularly positive start to the year, with all four months of the year ending in positive territory and it looks like the months of May is off to a flyer . See our JSE Calendar tracker for more.
Key issues for the market and South Africa during 2019 will be:
SOUTH AFRICAN EQUITY
Is South Africa becoming an entirely uninviting investment destination? South African equities have taken a massive blow this week, due to the tidal waves sent through emerging markets, following the US China scuffle. With SA’s political landscape still trying to find a way forward, the global slowdown and now the decay of emerging markets through the trade war, things aren’t looking too bright on SA shores when it comes to the equity market. And to top this all off, the almost clandestine behavior seen in a growing amount of South African listed entities has seen liquidity drying up on the Johannesburg Securities Exchange (JSE) in 2019.
This week saw Massmart, Brait and Sasol all experiencing devastating 10.00% down days – a trend that seems to be becoming a normal daily event on the JSE.
- Massmart: headline earnings guidance said to almost halve for the six months to June 2019. New CEO also appointed, Mitchell Slape – from US’ Walmart.
- Sasol: Lake Charles project cost increases to around 50.00% more than initially planned. Total expected cost of the project to come in at around $12.75 billion – $1 billion more than expected three months ago.
- Brait: Net asset value of their business to fall between 23.4% and 27.00%. This sending the share price to seven-year-lows of around R20.45.
Having said this, these market moves that local shareholders have to uncomfortably and more consistently ride-out have started to become a topic of concern. Are South African companies trustworthy anymore? Have they miscalculated the economic trends we’re seeing in 2019? Is the JSE watchdog being strict enough on the portfolio-damaging moves that have become all too familiar on the All Share Index? Is liquidity drying up on SA shores?
Here’s some of the bigger movers on the JSE for the 2019 year so far, as at Friday morning:
- Impala Platinum: up 47.38%
- Kumba Iron Ore: up 52.36%
- Lonmin: up 33.73%
- Tongaat Hulett: down 65.51%
- Rebosis Property Fund: down 66.91%
- Delta Property Fund: down 48.44%
Year-to-date, the JSE All Share index is up 2.91% and the Top 40 up 3.35%, both taking quite a knock over the last trading week. Sector-wise, industrials have now returned 5.45%, resources 3.26% and financials -0.80% for the 2019 year so far.
Read the full article here.
JSE Trading Statistics for the week ending 24 May 2019
Number of trades:
Number of trades (2019): 1 574 256
Number of trades (2018): 1 324 468
% change year on year: 18.86%
Volume traded:
Volume traded (2019): 1 421 596 000
Volume of traded (2018): 1 354 237 000
% change year on year: 4.97%
Value of trades:
Value of trades (2019): R102 162 118 000
Value of trades (2018): R93 179 902000
% change year on year: -9.64%
Foreign purchase/selling:
Net sales/Purchases (2019): -R2 243 031 000
Net sales/Purchases (2018): -R1 505 917 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R31.465 billion
Net sales/Purchases (2018): R16.597 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R16.597 million for the YTD while this year they have been net sellers to the tune of -R31.465 billion in the year to date (YTD). That is a R48.06 billion swing in fortunes of foreigners being net buyers or sellers over the course of the last 12 months. And sadly for South Africans and South African investors the foreigners are dumping South African listed shares instead of buying.
JSE total market capitalisation:
Market Cap (2019): R15.556 trillion
Market Cap (2018): R14.257 trillion
% change year on year: 9.11%
So as shown in the JSE total market capitalisation, the overall market has increased substantially over the course of the last 12 months (and it would have been even higher if it wasn't for the latest tariff increased by the USA on goods imported from China). The markets had a particularly positive start to the year, with all four months of the year ending in positive territory and it looks like the months of May is off to a flyer . See our JSE Calendar tracker for more.
Key issues for the market and South Africa during 2019 will be:
- Exchange Rate (seems to 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)
- 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.