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).
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 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.
We have just passed the halfway mark of the year, which has brought to a close the second quarter of 2022. Let’s analyse what happened this quarter.
The invasion of Ukraine by Russia, persistent global inflation and an aggressive outlook towards global interest rates has provided plenty of catalysts for volatility during the first quarter.