Investor Communication
SA 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…
Read More2023 FOURTH QUARTER COMMENTARY
LOCAL MARKETS IN A NUTSHELL The South African stock market fell -3.48% over the third quarter of 2023. Industrials being the hardest hit, down -4.9% over the quarter. Chart: Performance of the FTSE/JSE All Share Index over the past ten years (2013/10/01 – 2023/09/30) Source: Trading economics The local market was off to a great…
Read More2023 THIRD QUARTER COMMENTARY
LOCAL MARKETS IN A NUTSHELL The South African stock market gained 0.66% over the second quarter of 2023. Chart: Performance of the FTSE/JSE All Share Index over the past ten years (2013/07/01 – 2023/06/30) Source: Trading economics In February South Africa was grey listed for our inability to combat money laundering and financial terrorism. President…
Read More2023 SECOND QUARTER COMMENTARY
LOCAL MARKETS IN A NUTSHELL The South African stock market gained 5.2% over the first quarter of 2023. Chart: Performance of the FTSE/JSE All Share Index over the past ten years (2013/04/01 – 2023/03/31) Source: Trading economics January saw the local stock market rise by over 10%. Both February and March had negative returns. Giving…
Read More2023 FIRST QUARTER COMMENTARY
LOCAL MARKETS IN A NUTSHELL The South African stock market gained 15.16% over the fourth quarter 2022. The local stock market therefore returned 3.58% for the year. A relatively good ending to an otherwise very volatile year. It serves as a reminder of how quickly markets can recover. Chart: Performance of the FTSE/JSE All Share…
Read More2022 THIRD QUARTER SUMMARY
LOCAL MARKETS IN A NUTSHELL After a disastrous second quarter, the South African stock market fell -1.92% over the third quarter. Despite this, on a year-to-date basis (01/01/2022 – 30/09/2022) the local stock market continues to be one of the better performing markets around the world. Chart: Performance of the FTSE/JSE All Share Index over…
Read MoreWhat to believe? A balanced view on Sean Peche’s message.
What to believe? A balanced view on Sean Peche’s message. Size Size does matter however, this needs to be clarified. In a bull market, size is less important than it is when markets are trading sideways. In other words, size in particular, comes more into play during parts of the market cycle. Locally size…
Read More2022 SECOND QUARTER SUMMARY
LOCAL MARKETS IN A NUTSHELL The South African stock market fell sharply during the quarter as global recessionary fears have accelerated. The JSE All Share Total Return Index fell 11.69%, led once again by financials and resources stocks. On a year-to-date basis (01/01/2022 – 30/06/2022) the local stock market is still one of the better…
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