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We take a look at the Johannesburg Stock Exchange (JSE) trading statistics for the week ending 31 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? |
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Trading statistics for the week ended 7 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 31 May 2019.
SOUTH AFRICAN EQUITY
Local markets sold into the cabinet reshuffle this week, pointing toward a material amount of investors not being too confident in the thinking of Ramaphosa - most interestingly, David Mabuza being appointed as an MP.
Sibanye Gold saw their shareholders voting overwhelmingly in favour of the buyout of Lonmin, indicating that the risk appetite is big enough to venture into the likes of palladium and platinum, where they previously hadn’t. Shortly after this announcement the Sibanye chairman announced his retirement. Neal Froneman will now take center stage and ensure the success of the takeover.
Here’s some of the bigger movers on the JSE for the 2019 year so far, as at Friday morning:
Read the full article here.
JSE Trading Statistics for the week ending 31 May 2019
Number of trades:
Number of trades (2019): 1 579 677
Number of trades (2018): 1 393 449
% change year on year: 13.36%
Volume traded:
Volume traded (2019): 1 810 584 000
Volume of traded (2018): 2 240 382 000
% change year on year: -19.18%
Value of trades:
Value of trades (2019): R116 859 432 000
Value of trades (2018): R118 434 111 000
% change year on year: -1.33%
Foreign purchase/selling:
Net sales/Purchases (2019): -R3 985 550 000
Net sales/Purchases (2018): -R4 250 064 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R35.345 billion
Net sales/Purchases (2018): R12.347 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R12.347 million for the YTD while this year they have been net sellers to the tune of -R35.345 billion in the year to date (YTD). That is a R47.692 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. Part of the reason for this is that some of the MSCI indices for emerging markets added a few more shares listed in China for example, which meant foreign fund managers had to get rid of some of their SA listed holdings in these indices and buy more of the Chinese listed shares to ensure their funds track the MSCI indices. So part of the heavy selling was due to re balancing of various portfolios
JSE total market capitalisation:
Market Cap (2019): R15.583 trillion
Market Cap (2018): R14.370 trillion
% change year on year: 8.44%
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
Local markets sold into the cabinet reshuffle this week, pointing toward a material amount of investors not being too confident in the thinking of Ramaphosa - most interestingly, David Mabuza being appointed as an MP.
Sibanye Gold saw their shareholders voting overwhelmingly in favour of the buyout of Lonmin, indicating that the risk appetite is big enough to venture into the likes of palladium and platinum, where they previously hadn’t. Shortly after this announcement the Sibanye chairman announced his retirement. Neal Froneman will now take center stage and ensure the success of the takeover.
Here’s some of the bigger movers on the JSE for the 2019 year so far, as at Friday morning:
- Impala Platinum: up 54.85%
- Kumba Iron Ore: up 60.70% (up 7.00% in the last week)
- Lonmin: up 51.13% (up almost 20.00% in the last week due to Sibanye takeover)
- Tongaat Hulett: down 67.56%
- Rebosis Property Fund: down 69.52%
- Delta Property Fund: down 56.00% (more than 10.00% in the last week)
Read the full article here.
JSE Trading Statistics for the week ending 31 May 2019
Number of trades:
Number of trades (2019): 1 579 677
Number of trades (2018): 1 393 449
% change year on year: 13.36%
Volume traded:
Volume traded (2019): 1 810 584 000
Volume of traded (2018): 2 240 382 000
% change year on year: -19.18%
Value of trades:
Value of trades (2019): R116 859 432 000
Value of trades (2018): R118 434 111 000
% change year on year: -1.33%
Foreign purchase/selling:
Net sales/Purchases (2019): -R3 985 550 000
Net sales/Purchases (2018): -R4 250 064 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R35.345 billion
Net sales/Purchases (2018): R12.347 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R12.347 million for the YTD while this year they have been net sellers to the tune of -R35.345 billion in the year to date (YTD). That is a R47.692 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. Part of the reason for this is that some of the MSCI indices for emerging markets added a few more shares listed in China for example, which meant foreign fund managers had to get rid of some of their SA listed holdings in these indices and buy more of the Chinese listed shares to ensure their funds track the MSCI indices. So part of the heavy selling was due to re balancing of various portfolios
JSE total market capitalisation:
Market Cap (2019): R15.583 trillion
Market Cap (2018): R14.370 trillion
% change year on year: 8.44%
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 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)
- Sluggish economic growth. SA's latest GDP will be published torrow 4 June 2019. (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.