Significant declines in the FTSE JSE All Share, down 13.57% since only the end of June, have seen many investors abandoning ship. Others are now contemplating whether it’s time to significantly down weight equities in favour of more defensive asset classes. This correction has been marked by aggressive selling out of resource stocks (down 27.46%) […]
Are volatile equity markets providing opportunities? Read More »
The resources sector (+2.5%) was favoured again yesterday, as commodity prices bounced back from year-to-date lows on renewed tension (especially surrounding the Russia/Georgia situation) and some pullback in the dollar. The All share advanced 1%, to close just above the 27,000 points level. Gold miners jumped 2.5% and platinum miners advanced 0.9% after having been
Efficient Research – Resources to the Rescue Read More »
Hierdie artikel is geskrywe deur Charles Snyman, een van die Efficient Groep se bekwame Beleggings- en Portefeuljebestuurders. As ek self so kyk na wat die afgelope tyd met die Hulpbronne-aandele (wat die dryfkrag was van ons mark vir maande, reeds) gebeur het teen die agtergrond van verskeie ander wêreldgebeure – kan mens sien hoekom ons
Die Wêreld Rondom Ons – Hoë Olie Pryse Read More »
The Monetary Policy Committee (MPC) of the South African Reserve Bank, decided this afternoon to leave the Repo rate unchanged on 12.0% per annum. The market (including ourselves) expected rates to be kept on hold. Despite the breather, consumers should remain cautious, as the Governor did mention that “we are not out of the woods
Efficient Research – New CPI Basket Complicates Outlook Read More »
The JSE all share closed 0.42% higher yesterday as the bourse managed to close just over the 27 000-point level on the back of firmer commodity prices. Resources were up 2.25% with BHP Billiton gaining 1.8% (R222.02) and Anglo American increasing 3.3% (R413). The Gold mining index (+6.67%) was favoured, supported by the higher gold
Efficient Research – Consumers in for a Rate Breather? Read More »
Cynics often identify a market bottom by the sudden exit of unsophisticated investors and regard strong equity inflows as an indication that a peak has been reached. The bottom end of that scenario may have recently played out.
Investment Thoughts Read More »
The following relevant information on investments and investment behavior I have extracted and condensed from DYNAMIC WEALTH LISTED PROPERTY WEEKLY REPORT 21-25 JULY 2008 into what I believe to be critical considerations to share with my clients.
Critical Considerations Read More »
Allon Raiz (author of this note) sits on a steering committee that is bidding for an international conference to be hosted in South Africa in 2009. The organizing committee came through from the States to check out South Africa’s bid. The subject of American politics came up and I was introduced to a new term
FlipFlop Politicians Read More »
Allon Raiz (skrywer van hierdie inset) dien op ‘n stuurkomitee wat tans tender vir ‘n internasionale konferensie, wat in 2009 in Suid-Afrika gehou gaan word. Die reëlingskomitee het uit die Verenigde State gekom om Suid-Afrika se bod na te gaan. Die onderwerp van Amerikaanse politiek het ter sprake gekom en is Allon aan ‘n nuwe
MoneyMarketing has some interesting reading presented by Kokkie Kooyman: “Kooyman says that the sequence of good and bad years in the market is irrelevant. “It is rather more important to focus on a sound investment framework and philosophy and apply it consistently.” Insured Investment Brokers proudly identify with this view point and apply this principle
Investment Principles Read More »
The JSE All share ended the week’s first trading day in green territory, up 1.20% (27 320). The bourse was supported by a strong performance in Resources (+3.17%) as a weaker U.S. dollar and higher oil prices buoyed commodity prices. Read on
Having read Thebe Securities’ most recent news letter reminded me that “no trend lasts for ever and that markets tend to overshoot….and that every trend creates the seeds for its reversal. Although caution is necessary, it is just possible that we have seen an example of these two.” The JSE remained under pressure on Friday
What a bounce! The JSE made a huge recovery yesterday to end its four day losing streak, as the all share index jumped 4.16%, supported by a spectacular rise in financial (+6.7%) and industrial (+7.4%) shares. Financial shares in most global markets performed strong yesterday supporting sentiment towards the local banks. These sectors have been
Efficient Research Party also on JSE Read More »
The price of oil recorded its second largest one-day drop ever seen, following the statement by Mr Bernanke that the U.S economy faces the dual threat of slowing growth and inflation, which points to lower U.S. demand for oil. Intraday the drop amounted to $6.44 per barrel (-4.5%), while compared to yesterday morning, the cooling
Efficient Research – Oil Price Plummets Read More »
The price of oil recorded its second largest one-day drop ever seen, following the statement by Mr Bernanke that the U.S economy faces the dual threat of slowing growth and inflation, which points to lower U.S. demand for oil. Intraday the drop amounted to $6.44 per barrel (-4.5%), while compared to yesterday morning, the cooling
Efficient Research – Oil Price Plummets! Read More »
