Back to top
SEARCH PSG

To search, just start typing...

SEARCH RESULTS

LOGIN

Please select which division you would like to log in to.


Global stocks tumbled for a fourth consecutive session amid escalating trade tensions.

10 May 2019

Global stocks tumbled for a fourth consecutive session amid escalating trade tensions.

banner

Market commentary

SA flag Icon
South Africa

The JSE slipped to its lowest level in four months a day after the general elections, amid risk-off global trade. Shortly after the closing bell, the All Share plunged 2.67%.

US flag Icon
United States

US stock index futures tumbled on Thursday as Trump fuelled trade tensions with China, hiking tariffs on $200 billion worth of Chinese goods by 25%. At 19h00, Dow Jones futures had lost over 0.80%.

EU flag Icon
Europe

European shares traded lower on Thursday as investors avoided riskier assets amid fears of an escalating trade war that could damage the global economy. At 19h15, the pan-European Stoxx 600 lost 1.65%.

HK flag Icon
Hong Kong

Shares in Hong Kong plunged on Thursday as investors voiced out concerns over the US-China angst and how it could affect global growth. Hang Seng ended the day 2.39% in the red.

Japan flag Icon
Japan

The Nikkei recorded losses for a fourth consecutive day on Thursday as investors exercised caution ahead of the next round of trade talks between the world’s largest economies. At 19h30, the Nikkei had lost 0.96%.

Rand Icon
Rand

The rand was firmer against major global currencies on Thursday as counting continued after SA’s general elections. At 19h35, the rand traded at R14.34 against the dollar.

Precious metals Icon
Precious metals

Gold prices steadied on Thursday as demand for government bonds and the yen trimmed gains for the safe-haven metal. At 19h40, spot gold was up trading at $1 284.59 an ounce.

Oil Icon
Oil

Oil prices slipped on Thursday as the US-Sino trade dispute outweighed upward pressure from declining US crude inventories. At 19h45, a barrel of Brent crude was trading at $70.60.


Market indicators

Local markets (R)
Index Current level 1 Day move 1 Month move 3 Month move 6 Month move 1 Year move
ALSI 56 496.08 - 2.67 - 1.96 7.50 7.80 0.83
Gold mining 1 397.14 - 1.60 - 13.15 - 4.38 27.65 28.75
Basic minerals 31 327.36 - 2.72 - 9.19 7.22 12.71 20.23
Industrial index 76 681.33 - 2.71 0.25 10.86 9.38 - 5.75
Financial 42 172.91 - 2.52 1.88 1.87 0.66 - 2.09
Fin + Ind 30 7 716.14 - 2.65 0.79 7.63 6.26 - 4.56
International markets (Base currency)
Index Current level 1 Day move 1 Month move 3 Month move 6 Month move 1 Year move
Dow Jones (USD) 25 828.36 - 0.42 - 1.07 3.45 0.53 7.78
S&P 500 PR (USD) 2 870.72 - 0.27 - 0.15 6.52 4.27 8.58
NASDAQ (USD) 7 943.32 - 0.25 - 0.09 9.10 6.03 10.51
FT-100 (GBP) 7 207.41 - 0.75 - 2.50 3.70 3.78 - 1.66
Hang Seng (HKD) 28 311.07 - 2.39 - 6.10 1.71 11.19 - 4.06
Nikkei 225 (JPY) 21 402.13 - 0.93 - 1.84 6.19 - 2.76 - 2.49
Paris CAC (EUR) 5 313.16 - 1.73 - 1.43 8.16 5.33 - 1.50
Frankfurt (EUR) 5 407.01 - 1.69 1.04 9.78 3.86 - 7.49
Other markets
Index Current level 1 Day move 1 Month move 3 Month move 6 Month move 1 Year move
Gold ($) 1 286.80 0.50 - 0.72 - 1.78 5.26 - 1.70
Platinum ($) 856.00 - 1.72 - 5.31 7.67 - 0.58 - 5.83
Brent Oil ($) 70.37 0.70 - 1.03 13.32 - 0.40 - 5.99
Rand/USD 14.33 0.42 -1.83 -5.29 -1.25 -14.06
Rand/GBP 18.65 0.38 -1.45 -5.98 -0.95 -9.39
Rand/EUR 16.09 0.07 -1.55 -4.46 -0.21 -7.96
ALBI (R) 662.76 0.22 - 0.25 1.82 7.53 7.18

  1. Some data may be delayed, the above table reflects the latest available information
  2. Performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month


Economic calendar

Local International
  1. ZA: No economic data scheduled for release
  1. UK: Balance of Trade MAR
  2. US: Inflation Rate APR

Source: Reuters, Business Day, Trading Economics


PSG Product Matrix

Fund matrix

PSG Wealth Solutions
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Wealth Enhanced Interest D 3.90 7.95 8.02 8.10 7.86 7.53
PSG Wealth Income FoF D 4.08 7.65 7.88 8.32 8.16 8.14
PSG Wealth Preserver FoF D 4.28 6.30 6.05 6.25 6.59 7.44
PSG Wealth Moderate FoF D 4.66 5.36 5.47 5.90 5.81 7.08
PSG Wealth Creator FoF D 5.39 2.82 4.66 6.22 3.88 5.34
PSG Wealth Global Moderate FF D 7.62 16.11 7.12 3.89 6.89 9.02
PSG Wealth Global Creator FF D 11.71 25.32 14.07 10.75 13.33 -
PSG Wealth Solutions ($)
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Wealth Global Moderate FoF D 2.91 0.10 3.05 4.92 1.41 1.73
PSG Wealth Global Creator FoF D 5.53 6.78 9.39 11.74 7.36 7.26
PSG Wealth Global Preserver FoF (USD) D 3.48 3.48 2.95 4.57 3.47 3.24
PSG Wealth Global Flexible FoF (USD) D 5.82 7.47 8.28 10.53 7.48 6.52
PSG Wealth Solutions (£)
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Wealth Global Preserver FoF (GBP) D 3.78 5.99 2.72 7.13 6.31 6.73
PSG Wealth Global Flexible FoF (GBP) D 5.89 11.17 6.93 13.24 10.37 11.38
PSG Asset Management
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Money Market A 3.56 7.27 7.38 7.45 7.26 7.05
PSG Income A 4.23 8.10 8.32 8.50 8.13 7.83
PSG Diversified Income 3.60 6.72 7.53 7.99 7.82 7.73
PSG Stable A 0.92 2.63 5.44 6.63 6.19 7.05
PSG Balanced A - 2.58 - 1.09 3.35 5.89 4.63 6.76
PSG Flexible A - 1.84 - 0.45 3.76 6.42 5.54 7.60
PSG SA Equity D - 5.70 - 10.25 - 0.35 4.80 - -
PSG Equity A - 4.15 - 4.59 1.63 6.78 2.71 5.21
PSG Global Flexible FF A - 0.90 8.62 4.26 5.40 6.93 -
PSG Global Equity FF A - 1.99 7.44 4.72 6.96 6.93 8.52
PSG Asset Management ($)
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Global Flexible USD A - 6.02 - 7.12 0.18 6.49 1.35 1.69
PSG Global Equity USD - 7.20 - 8.03 0.57 8.01 1.14 1.41
PSG Direct Portfolios
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Direct Flexible Income 3.69 7.01 7.43 7.70 7.43 7.22
PSG Direct Low Equity 0.39 2.07 4.89 6.24 5.67 6.64
PSG Direct Managed - 2.61 - 1.38 2.98 5.54 4.38 6.48
PSG Direct Aggressive - 2.46 - 0.09 2.95 6.02 4.75 -
PSG Direct Global Managed - 1.12 8.13 3.79 4.92 6.45 -
PSG Direct Global Aggressive - 1.80 7.40 4.08 5.90 6.45 -

  1. The PSG Wealth Solutions are exclusively available through registered PSG planners and/or advisers
  2. The above information reflects the latest available data at time of distribution, as such product performance data reflects T-2 numbers
  3. Performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month
  4. The PSG Best Ideas Portfolios were renamed to the PSG Direct Portfolios in February 2018

Equity portfolio matrix

PSG Wealth House View Portfolios
Portfolio 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Wealth SA Equity Portfolio 1.19 -3.35 2.80 5.11 - -
PSG Wealth SA Property Equity Portfolio -6.83 -9.55 -4.89 -3.79 - -
PSG Wealth SA Dividend Income Equity Portfolio 1.55 -4.50 6.10 6.4 - -
PSG Wealth Offshore Equity Portfolio (USD) 4.29 9.23 13.15 14.05 - -
PSG Wealth Managed Volatility Equity Portfolio -3.04 -9.94 -2.79 - - -

  1. The PSG Wealth equity portfolios are exclusively available through registered PSG planners and/or advisers
  2. PSG Wealth equity portfolio performance are shown gross of management fees, but net of brokerage and other trading costs
  3. PSG Wealth SA and Offshore Equity Portfolio Inception date: 30 August 2015
  4. PSG Wealth SA Listed Property Portfolio Inception date: 1 December 2015
  5. PSG Wealth Dividend Income Equity Portfolio Inception date: 29 April 2016
  6. PSG Wealth Managed Volatility Equity Portfolio Inception date: 28 July 2016
  7. PSG Wealth Funds are exclusively available through registered PSG planners and/or advisers


Recent Investment Ideas

company logo

Highlights

  • We recommend an underweight positioning for HEIA NA; click here to read the full report
  • New product innovations such as low and non-alcoholic extensions to the Heineken brand is a growth prospect, although the threat of it cannibalising other brands within the portfolio is present.
  • We believe the share is fully valued at current levels, trading at a forward P/E of 20.83 times, one standard deviation away from its average forward P/E of 19.47 times.


company logo

Highlights

  • We recommend an overweight positioning for DGE LN; click here to read the full report
  • The group has a strong portfolio of brands, a global footprint and structural growth tailwinds as it focuses on the premiumisation of its brands.
  • As such, the medium-term outlook for organic revenue growth remains positive.


company logo

Highlights

  • We recommend an overweight positioning for TRU SJ; click here to read the full report
  • Return on equity has been under pressure given top-line growth that has been muted given the challenging macro environment.
  • Stronger top-line growth remains the group’s greatest challenge and is largely influenced by economic activity and merchandise inflation.


Corporate actions

Date Company Share code Expectation
15 May 2019 Atlantic Leaf Properties Limited ALP Cash Dividend
15 May 2019 Global Asset Management Limited GAM Mandatory Offer
15 May 2019 Indequity Group Limited IDQ Cash Distribution
15 May 2019 Investec Bank (Mauritius) Limited IMRP7 Cash Dividend
15 May 2019 Master Drilling Group Limited MDI Cash Dividend
15 May 2019 PSG Group Limited PSG Cash Dividend
15 May 2019 Vivo Energy Plc VVO Cash Dividend

  1. The information above is to the best of our knowledge correct at the time of distribution but due to the nature thereof cannot be guaranteed.
  2. This document only contains general information and not the opinion of the distributor.

Recommended Articles

Oil prices steady amid easing trade tensions

Global markets rise on optimism over Chinese stimulus

Wall Street boosted on Friday by stimulus hopes

Author
author

Adriaan Pask PhD

Chief Investment Officer


At PSG Wealth
Copyright © PSG Konsult Ltd (1998-2019), All Rights Reserved. FAIS affiliates of the PSG Konsult Group are authorised financial services providers.