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We take a look at the Johannesburg Stock Exchange (JSE) trading statistics for the week ending 5 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? |
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Trading statistics for the week ended 5 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 5 July 2019.
SOUTH AFRICAN EQUITY
Down around 2.96% since last Friday, Truworths share price was seen falling over nine percent over the course of Tuesday and Wednesday, based on the back of news that the retail firm would be looking to restructure their debt pile, which now sits at around R800 million. Over the last 18 months, foot traffic through most retail stores has declined by more than two percent, mainly due to a slowing global economy. Truworths’ U.K. shoe wear company called Office, generated around 27.00% of the company’s revenue and ten percent of their overall profit, but remains the main contributor to the company’s growing debt pile in an extremely competitive footwear industry. Truworths opened Friday’s trading day at R68.49
Anheuser-Busch InBev have made a move to list on the Hong Kong Stock Exchange in order to sell off parts of its Asia Pacific beer unit. Trading of the shares will officially commence on 19 July 2019. AB Inbev opened Friday’s trading day at R1,315.00
Quilter is said to be mulling over the sale of their Old Mutual Wealth Life Assurance business in the U.K. The potential sale of the Old Mutual Wealth Life Assurance is not necessarily related to the net outflows witnessed in 2018, if connected at all. This decision rather forms part of the company’s long-term strategy to strip non-core assets from out its business model, as Old Mutual Wealth Life Assurance has never been part of Quilter’s main strategic focus. Should the sale occur, a special dividend could possibly be distributed to shareholders, while any remaining profits from the sale would be invested into bettering the company’s vertical integration as a whole. This would potentially mean a positive outcome for all parties. Quilter opened Friday’s trading day at R25.90
Here’s some of the bigger movers on the JSE for the 2019 year so far, painting a relatively clear picture that the resource sector’s performance stands head and shoulders above most others:
Read the full weekly market wrap here
JSE Trading Statistics for the week ending 5 July 2019
Number of trades:
Number of trades (2019): 1 267 363
Number of trades (2018): 1 029 998
% change year on year: 23.05%
Volume traded:
Volume traded (2019): 1 128 809 000
Volume of traded (2018): 1 693 539 000
% change year on year: -33.35%
Value of trades:
Value of trades (2019): R84 238 103 000
Value of trades (2018): R82 729 074 000
% change year on year: 1.82%
Foreign purchase/selling:
Net sales/Purchases (2019): -R3 409 324 000
Net sales/Purchases (2018): -R877 185 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R32.66 billion
Net sales/Purchases (2018): R16.637 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R16.637 billion for the YTD while this year they have been net sellers to the tune of -R32.66 billion in the year to date (YTD). That is a massive R49.3 billion swing in fortunes of foreigners being net buyers or sellers over the course of the last 12 months.
JSE total market capitalisation:
Market Cap (2019): R16.337 trillion
Market Cap (2018): R14.715 trillion
% change year on year: 11.02%
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 just over -1% for the first trading week 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
Down around 2.96% since last Friday, Truworths share price was seen falling over nine percent over the course of Tuesday and Wednesday, based on the back of news that the retail firm would be looking to restructure their debt pile, which now sits at around R800 million. Over the last 18 months, foot traffic through most retail stores has declined by more than two percent, mainly due to a slowing global economy. Truworths’ U.K. shoe wear company called Office, generated around 27.00% of the company’s revenue and ten percent of their overall profit, but remains the main contributor to the company’s growing debt pile in an extremely competitive footwear industry. Truworths opened Friday’s trading day at R68.49
Anheuser-Busch InBev have made a move to list on the Hong Kong Stock Exchange in order to sell off parts of its Asia Pacific beer unit. Trading of the shares will officially commence on 19 July 2019. AB Inbev opened Friday’s trading day at R1,315.00
Quilter is said to be mulling over the sale of their Old Mutual Wealth Life Assurance business in the U.K. The potential sale of the Old Mutual Wealth Life Assurance is not necessarily related to the net outflows witnessed in 2018, if connected at all. This decision rather forms part of the company’s long-term strategy to strip non-core assets from out its business model, as Old Mutual Wealth Life Assurance has never been part of Quilter’s main strategic focus. Should the sale occur, a special dividend could possibly be distributed to shareholders, while any remaining profits from the sale would be invested into bettering the company’s vertical integration as a whole. This would potentially mean a positive outcome for all parties. Quilter opened Friday’s trading day at R25.90
Here’s some of the bigger movers on the JSE for the 2019 year so far, painting a relatively clear picture that the resource sector’s performance stands head and shoulders above most others:
- Impala Platinum: up 99.59%
- Kumba Iron Ore: up 79.83%
- Sibanye Gold: up 59.18%
- Tongaat Hulett: down 76.32% (trade halted)
- Rebosis Property Fund: down 74.35%
- Omnia: down 62.66%
- Brait: down 36.33%
Read the full weekly market wrap here
JSE Trading Statistics for the week ending 5 July 2019
Number of trades:
Number of trades (2019): 1 267 363
Number of trades (2018): 1 029 998
% change year on year: 23.05%
Volume traded:
Volume traded (2019): 1 128 809 000
Volume of traded (2018): 1 693 539 000
% change year on year: -33.35%
Value of trades:
Value of trades (2019): R84 238 103 000
Value of trades (2018): R82 729 074 000
% change year on year: 1.82%
Foreign purchase/selling:
Net sales/Purchases (2019): -R3 409 324 000
Net sales/Purchases (2018): -R877 185 000
So year to date (YTD) foreigners have been net seller/buyers:
Net sales/Purchases (2019): -R32.66 billion
Net sales/Purchases (2018): R16.637 billion
So a year ago foreigners were net buyers of SA listed shares to the value of R16.637 billion for the YTD while this year they have been net sellers to the tune of -R32.66 billion in the year to date (YTD). That is a massive R49.3 billion swing in fortunes of foreigners being net buyers or sellers over the course of the last 12 months.
JSE total market capitalisation:
Market Cap (2019): R16.337 trillion
Market Cap (2018): R14.715 trillion
% change year on year: 11.02%
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 just over -1% for the first trading week 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)
- 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.