If you wish to avoid stock market-induced ulcers, plunge your capital into low-cost, passively managed, index-tracking funds.
Live long and prosper.
https://t.co/4HyXegoWDQ
JSE YTD performance, size of square ranked by 1mo. volume.
Good to see @ElvynGovender 's KAP in the mix.
Notable here: MTN, DSY, APN, GND.
SOL the obvious one.
$JSE The JSE found a firmer footing after the initial open, before drifting into the US open, where a firm dollar and elevated yields saw golds and PGMs come under pressure, driving volatility across the resources complex. Despite this, Harmony and Sibanye led the gains, bouncing off recent weakness. On the downside, MTN was the worst performer, with broad-based selling in miners including Gold Fields, Kumba, Northam and Implats. Oil rose 1% on the day, but Sasol was not among the leaders, closing down 0.90%. With rate cuts now firmly off the table and growing chatter of potential hikes, positioning took centre stage ahead of today’s quarterly index rebalancing after market close, which contributed to elevated trading activity. Roughly R78bn traded on the day, with the market finishing down 0.6% at the day’s lows, and the rand closing at R16.98/$.
$JSE
Mar26 SAFEX listed futures and options expiry auction lived up to its promise on the JSE, with significant volume crossing the tape and positioning driving price action as Top40 futures traded sharply lower intraday before closing off the lows. The largest weakness was concentrated in GOLD and PGMs, where broad-based and aggressive selling points to macro-driven de-risking and the unwind of crowded positions, while the rest of the index attempted to absorb flows rather than showing outright strength. There were some green shoots beyond Sasol, with its outperformance tied to higher oil prices and higher oil price expectations, while the bid in some banks, insurers and select retailers late in the session reflects rotation into domestic exposures rather than high-conviction buying. The JALSH closed down 2.76%, with the rand at R16.90/$ at the close.
Tough day on the JSE, down 5.85% with R47bn traded, with widespread selling and very few stocks spared. Platinum and gold shares were hit hard, while Sasol and Discovery bucked the trend in an otherwise weak market.
Northam Platinum FY results;
- SALES REVENUE FOR F2025 UP 6.9% TO R32.9 BLN
- DECLARES FINAL CASH DIVIDEND OF 200.0 CENTS PER SHARE
- FY HEADLINE EARNINGS PER SHARE 380.8 CENTS