2024 SECOND QUARTER COMMENTARY

LOCAL MARKETS IN A NUTSHELL The South African stock market fell -2.25% over the first quarter of 2024. Resources fell -3.26% whilst financials fell  -6.13% the quarter. Chart: Performance of the FTSE/JSE All Share Index over the past ten years (2014/04/01 – 2024/03/31) Source: Trading economics Uncertainty over the upcoming election has driven a weak…

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2024 FIRST QUARTER COMMENTARY

LOCAL MARKETS IN A NUTSHELL The South African stock market was up 6.92% over the fourth quarter of 2023. Resources were flat over the quarter whilst financials performed exceptionally well, delivering over 11% for the quarter. Chart: Performance of the FTSE/JSE All Share Index over the past ten years (2014/01/01 – 2023/12/31) Source: Trading economics…

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2023 FOURTH QUARTER COMMENTARY

LOCAL MARKETS IN A NUTSHELL The South African stock market fell -3.48% over the third quarter of 2023. Industrials being the hardest hit, down -4.9% over the quarter. Chart: Performance of the FTSE/JSE All Share Index over the past ten years (2013/10/01 – 2023/09/30) Source: Trading economics The local market was off to a great…

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2023 THIRD QUARTER COMMENTARY

LOCAL MARKETS IN A NUTSHELL The South African stock market gained 0.66% over the second quarter of 2023. Chart: Performance of the FTSE/JSE All Share Index over the past ten years (2013/07/01 – 2023/06/30) Source: Trading economics In February South Africa was grey listed for our inability to combat money laundering and financial terrorism. President…

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2023 SECOND QUARTER COMMENTARY

LOCAL MARKETS IN A NUTSHELL The South African stock market gained 5.2% over the first quarter of 2023. Chart: Performance of the FTSE/JSE All Share Index over the past ten years (2013/04/01 – 2023/03/31) Source: Trading economics January saw the local stock market rise by over 10%. Both February and March had negative returns. Giving…

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2023 FIRST QUARTER COMMENTARY

LOCAL MARKETS IN A NUTSHELL The South African stock market gained 15.16% over the fourth quarter 2022. The local stock market therefore returned 3.58% for the year. A relatively good ending to an otherwise very volatile year. It serves as a reminder of how quickly markets can recover. Chart: Performance of the FTSE/JSE All Share…

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2022 THIRD QUARTER SUMMARY

LOCAL MARKETS IN A NUTSHELL After a disastrous second quarter, the South African stock market fell -1.92% over the third quarter. Despite this, on a year-to-date basis (01/01/2022 – 30/09/2022) the local stock market continues to be one of the better performing markets around the world. Chart: Performance of the FTSE/JSE All Share Index over…

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2022 SECOND QUARTER SUMMARY

LOCAL MARKETS IN A NUTSHELL The South African stock market fell sharply during the quarter as global recessionary fears have accelerated. The JSE All Share Total Return Index fell 11.69%, led once again by financials and resources stocks. On a year-to-date basis (01/01/2022 – 30/06/2022) the local stock market is still one of the better…

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2022 FIRST QUARTER SUMMARY

LOCAL MARKETS IN A NUTSHELL The South African stock market was up during the quarter despite the global events which have transpired. The JSE All Share Total Return Index gained 3.84% led by financials and resources stocks. Surprisingly, the local market was one of the better performing markets during the quarter. Chart: Performance of the…

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2021 FOURTH QUARTER SUMMARY

LOCAL MARKETS IN A NUTSHELL The South African stock market soared to new highs during the quarter. The JSE All Share Total Return Index gained 15.13% led by the resources sector. The phenomenal return of 29.2% for the 2021 calendar year, was the highest return since 2009. Chart: Performance of the FTSE/JSE All Share Index…

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