Keval is a University of Cape Town graduate and finance & operations associate. Outside of Franc he loves travelling and playing golf in his free time.
The third quarter of 2023 was not the greatest for the top 40 companies on the JSE as 23 of the top 40 companies were in the red. This was due to elevated interest rates, rail issues and continuous load shedding, resulting in a decrease in performance across most sectors.
August was not the brightest month for the Top 40 companies as only 12 companies were in the green, while the rest remained in the dark and experienced a decrease in share price compared to last month.
As at the 31st of July, the Satrix 40 ETF closed at R73.53. That’s an increase of 3.2% over the past month (R71.27), and while it’s just not quite (K)enough to surpass that 10% mark, that means an impressive 9.3% increase from the beginning of the year (R67.28).
As at the 31st of May, the Satrix 40 ETF closed at R70.72. That’s a decrease of 3.4% over the past month (R73.22). However this is still an increase of more than 5% from the beginning of the year (R67.28).
The first quarter of 2023 was mostly good for the top 40 companies on the JSE: 21 of the top 40 companies saw gains (growth). This was due to promising financial results and positive outlooks for the rest of the 2023 year.
This quarter produced positive returns for most of the companies listed on the JSE Top 40 as 36 of these companies were in the green. Let’s analyse what happened.
In South Africa, day trading is quite popular amongst the youth and has grown significantly since the start of the pandemic. Find out the pros and cons here.
This quarter had its fair share (pun intended) of ups and downs due to the oil prices, increased inflation and issues caused by the Russia-Ukraine conflict.
