API Insights
2025 THIRD QUARTER COMMENTARY
LOCAL MARKETS IN A NUTSHELL Delivering a strong 10.2% gain, the FTSE/JSE All Share Index saw solid increases across all sectors. Industrials led with an 11.8% rise, followed by Resources at 9.8%, and Financials at 8.5%. SA listed property continued its rally from the previous quarter delivering 10.8% (FTSE/JSE All Property Index), all in rand. South African…
Read More2025 SECOND QUARTER COMMENTARY
LOCAL MARKETS IN A NUTSHELL The South African stock market gained 5.9% over the quarter. Resources were up 15.8% whilst financials retraced -1.8%. Local South African centric stocks, commonly referred to as “SA Inc stocks” fell 6.4%. The local bond market also had a positive quarter, up 0.7%. Chart: Performance of the FTSE/JSE All Share…
Read More2025 FIRST QUARTER COMMENTARY
LOCAL MARKETS IN A NUTSHELL The South African stock market declined -2.2% over the fourth quarter of 2024. Resources fell -7.9% whilst financials retraced -1.3% over the quarter. Local South African centric stocks, commonly referred to as “SA Inc stocks” rose modestly by 1%. The local bond market also had a positive quarter, up 1.3%.…
Read More2024 FOURTH QUARTER COMMENTARY
LOCAL MARKETS IN A NUTSHELL The South African stock market gained 9.61% over the third quarter of 2024. Resources fell -1.44% whilst financials recorded yet another staggering 13.46% over the quarter. Local South African centric stocks, commonly referred to as “SA Inc stocks” rose by 15.88%. The local bond market also had a positive quarter,…
Read More2024 THIRD QUARTER COMMENTARY
LOCAL MARKETS IN A NUTSHELL The South African stock market gained 8.19% over the second quarter of 2024. Resources were up 3.85% whilst financials recorded a staggering 15.38% over the quarter. Local South African centric stocks, commonly referred to as “SA Inc stocks” rose by 10.29%. The local bond market also had a positive quarter…
Read MoreReality After the Elections
It has been less than a month since the announcement of the results of the national election. Given the outcome of the ANC losing its majority for the first time in 30 years and the noticeable support that the MK party received, investors are understandably concerned about the implications going forward. There has been ample…
Read More2024 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…
Read MoreSA Election 2024 – Foord Webinar
In this webinar, Foord portfolio manager Nancy Hossack interviews political and economic analyst and advisor, Frans Cronje, on the upcoming elections. With the national election around the corner, and the country in a dire state, South Africans are left in suspense at the possibility of the ruling party loosing he majority vote, and what that…
Read More2024 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…
Read MoreA Global Perspective Update
In the chart below we have used the S&P 500 as a proxy for global markets, and global market sentiment. The chart shows the seasonality of the S&P 500 index in blue whilst the white line shows the current S&P 500 year to date return up to the 24th of September. Historically the S&P 500…
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