Back to top
SEARCH PSG

To search, just start typing...

SEARCH RESULTS

LOGIN

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


JSE closed higher on Friday after a rate cut boost

20 January 2020

JSE closed higher on Friday after a rate cut boost

Daily Investment Update

banner

Market commentary

SA flag Icon
South Africa

The JSE gained on Friday, boosted during the week by a partial US-China trade deal and the Reserve Bank’s unexpected interest rate cut. The local bourse closed up 1.38%.

US flag Icon
United States

US stock nudged higher on Friday after strong housing data and indications of resilience in the Chinese economy raised hopes of a rebound in global growth. At 19h30 the S&P 500 was 0.25% in the green.

EU flag Icon
Europe

European shares closed higher on Friday after EU Trade Commissioner Phil Hogan struck a positive tone on talks with Washington, soothing some concerns over a possible escalation in trade tensions between the cross-Atlantic allies. The pan STOXX 600 index rose as much as 0.81%.

HK flag Icon
Hong Kong

The Year of the Rat bodes well for Hong Kong’s Hang Seng Index, with shares across sectors from homebuilders to healthcare tipped to do well. The benchmark index is up more than 3% so far this month.

Japan flag Icon
Japan

Japanese shares rose on Friday as hopes for a rebound in global demand and a softer yen drove broad-based gains. The Nikkei 225 Index closed 0.45% firmer.

Rand Icon
Rand

The rand erased gains on the announcement by the Reserve Bank, bringing losses to 1.68% for the week. Shortly after the JSE closed, the rand had weakened 0.28% to R14.44/$.

Precious metals Icon
Precious metals

Gold prices edged higher on Friday but was on track to post its biggest weekly drop in two months as a long awaited US-China Phase 1 trade deal fuelled risk appetite.

Oil Icon
Oil

Oil prices edged higher on Friday but were set to end the week broadly steady as sluggish economic growth in China, the world’s biggest crude importer, raised concerns about fuel demand and countered optimism from the signing of a China-US trade deal.


Market indicators

Local markets (R)
Index Current level 1 Day move 1 Month move 3 Month move 6 Month move 1 Year move
ALSI 59 001.87 1.35 3.03 5.72 4.23 14.24
Gold mining 2 798.82 1.93 7.84 14.25 40.41 107.88
Basic minerals 36 601.32 2.25 1.96 15.16 13.11 33.67
Industrial index 79 739.14 1.87 6.98 5.18 2.78 13.82
Financial 38 806.05 - 0.74 - 2.52 - 3.57 - 3.26 - 3.52
Fin + Ind 30 7 699.31 0.95 3.51 2.00 0.68 7.60
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) 29 348.10 0.20 3.90 9.25 9.16 23.38
S&P 500 PR (USD) 3 329.62 0.39 4.44 11.60 12.68 28.86
NASDAQ (USD) 9 388.94 0.34 6.47 15.41 15.32 33.97
FT-100 (GBP) 7 674.56 0.85 2.12 7.54 3.99 17.50
Hang Seng (HKD) 29 056.42 0.60 4.36 8.37 2.74 12.55
Nikkei 225 (JPY) 24 041.26 0.45 0.06 7.27 13.10 20.35
MSCI World (USD) 7 079.99 0.39 3.48 10.06 10.78 24.67
Frankfurt (EUR) 6 033.27 0.72 1.79 6.88 9.60 23.88
Other markets
Index Current level 1 Day move 1 Month move 3 Month move 6 Month move 1 Year move
Gold ($) 1 556.50 0.08 5.28 4.85 11.12 20.29
Platinum ($) 1 016.00 - 1.65 9.25 15.19 21.68 26.21
Brent Oil ($) 64.62 0.97 - 1.10 8.75 0.42 5.38
Rand/USD 14.45 - 0.23 - 1.37 2.17 - 3.61 - 5.18
Rand/GBP 18.79 0.30 - 1.23 2.02 - 8.36 - 5.38
Rand/EUR 16.03 0.10 - 1.48 2.67 - 3.16 - 2.42
ALBI (R) 701.10 0.15 1.35 1.04 1.95 9.46
  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. No economic data scheduled for release
  1. China: Loan prime rate
  2. EU: ECB President Lagarde speech

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 3.82 7.91 7.95 8.00 8.03 7.78
PSG Wealth Income FoF D 3.43 8.09 7.51 7.84 8.26 8.03
PSG Wealth Preserver FoF D 3.21 7.97 4.51 5.89 6.15 6.76
PSG Wealth Moderate FoF D 3.91 9.98 2.73 5.32 6.43 6.50
PSG Wealth Creator FoF D 5.28 10.78 0.67 4.44 7.76 5.56
PSG Wealth Global Moderate FF D 9.43 19.42 10.85 8.41 3.69 8.76
PSG Wealth Global Creator FF D 13.28 34.38 17.92 16.55 10.27 -
PSG Wealth Solutions ($)
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Wealth Global Moderate FoF D 6.12 13.98 2.34 6.53 7.75 4.07
PSG Wealth Global Creator FoF D 9.96 27.78 8.65 14.46 14.47 10.44
PSG Wealth Global Preserver FoF (USD) D 3.42 9.22 3.26 4.65 6.65 4.34
PSG Wealth Global Flexible FoF (USD) D 7.63 18.83 6.51 11.93 12.87 9.09
PSG Wealth Solutions (£)
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Wealth Global Preserver FoF (GBP) D - 0.64 7.50 4.92 3.15 8.34 6.40
PSG Wealth Global Flexible FoF (GBP) D 2.44 17.11 8.45 8.87 14.56 11.25
PSG Asset Management
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Money Market A 3.52 7.23 7.27 7.36 7.37 7.19
PSG Income A 3.72 8.00 8.07 8.27 8.39 7.95
PSG Diversified Income 2.64 6.58 6.51 7.23 7.61 7.67
PSG Stable A 1.39 1.20 1.74 4.06 5.90 6.04
PSG Balanced A 0.78 - 2.96 - 2.88 1.09 5.32 4.92
PSG Flexible A 1.39 - 2.13 - 2.80 1.13 6.52 5.90
PSG SA Equity D - 5.25 - 15.69 - 12.36 - 6.01 - -
PSG Equity A - 0.67 - 7.97 - 7.86 - 2.26 6.71 3.19
PSG Global Flexible FF A 5.77 6.32 2.30 3.29 3.61 -
PSG Global Equity FF A 6.07 6.19 1.15 3.71 4.75 7.22
PSG Asset Management ($)
Fund 6 Month move 1 Year move 2 Year move 3 Year move 4 Year move 5 Year move
PSG Global Flexible USD A 3.38 1.53 - 5.19 2.04 8.87 3.00
PSG Global Equity USD 3.56 1.30 - 6.11 2.53 10.01 3.02
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 3.06 6.90 6.91 7.29 7.50 7.28
PSG Direct Low Equity 1.26 0.77 1.10 3.50 5.62 5.62
PSG Direct Managed 0.70 - 3.19 - 3.30 0.64 5.14 4.69
PSG Direct Aggressive 1.50 - 2.48 - 3.54 0.27 5.64 -
PSG Direct Global Managed 5.53 5.84 1.83 2.82 3.14 -
PSG Direct Global Aggressive 5.72 5.76 1.12 3.09 3.86 -
  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 - 2.39 - 3.15 - 3.95 - 0.10 6.26 -
PSG Wealth SA Property Equity Portfolio - 4.44 - 6.72 - 10.65 - 4.92 - 2.60 -
PSG Wealth SA Dividend Income Equity Portfolio - 4.66 - 6.06 - 5.67 0.54 - -
PSG Wealth Offshore Equity Portfolio (USD) 11.29 24.90 10.21 17.09 16.71 -
PSG Wealth Managed Volatility Equity Portfolio - 2.79 - 5.88 - 8.16 - 3.49 - -
  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

  • Our recommendation for PFE US is overweight; click here to read the full report on our secure site.
  • The group has been able to protect its gross profit margins despite the challenging trading environment because of its scale and defensive nature.
  • We believe Pfizer is a high-quality company with a high ROE and an attractive and sustainable operating margin.


company logo

Highlights

  • Our recommendation for MCG SJ is overweight; click here to read the full report on our secure site.
  • Having only listed on the JSE in February 2019, MultiChoice has already seen its shares grow by approximately 17% to R125.
  • At these levels, and trading at a forward P/E of 15 times, we believe that MultiChoice is still undervalued and is well-positioned to benefit from mass-market growth in both South and Southern Africa.


company logo

Highlights

  • Our recommendation for SOL SJ is underweight; click here to read the full report on our secure site.
  • Sasol is currently facing an increased risk profile through the decline in chemical product prices, a severely constrained balance sheet and slowing global economic backdrop.
  • The group’s chemicals business is also facing growing competition from additional ethylene capacity/supply into the market.


  1. This document only contains general information and not the opinion of the distributor.

Recommended Articles

Apple sales warning drags markets

Battle to contain coronavirus continues

Most markets end week subdued

Author
author

Adriaan Pask PhD

Chief Investment Officer


At PSG Wealth
Copyright © PSG Konsult Ltd (1998-2020), All Rights Reserved. FAIS affiliates of the PSG Konsult Group are authorised financial services providers.