Market Update | Spooky Times for The Satrix Top 40 ETF
As at the 31 October 2023, the Satrix Top 40 ETF closed at R64.12. Get the lowdown on what that means and why.
Keval Maharaj
Keval is a University of Cape Town graduate and finance & partner assistant. Outside of Franc he loves travelling and playing golf in his free time.
12 posts
Market Update: Understand your Satrix Top 40 Performance
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.
Market Update | The Satrix Top 40 ETF Left In The Dark
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.
Market Update | The Satrix Top 40 ETF is on Fire (July’s Barbiecue)
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).
Market Update: Understand your Satrix Top 40 Performance
Our quarterly update tracks the performance of the Satrix Top 40 ETF. At the end of the second quarter of 2023, the fund closed at R71.27 (+0.17%). Let's see why.
Satrix Top 40 Performance Update | May 2023
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).
Market Update: Understand your Satrix Top 40 Performance
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.
So, Those Markets Hey…Q4 ’22
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.
Day Trading Stocks - Do or Don’t?
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.