22 JANUARY 2016
DAILY INVESTMENT UPDATE United States US markets ended higher on Thursday on the back of a sharp rebound in oil futures. The S&P 500 Index edged 0.52% higher with seven of its ten sectors closing positive. The energy, telecommunications and consumer-discretionary sectors led the advance. The Dow Jones gained 0.74%, while the technology-heavy NASDAQ Composite closed virtually unchanged.
Europe
China
European markets climbed on Thursday after ECB President Mario Draghi reassured investors that the European Central Bank's monetary policy may be loosened further, following a volatile start to the year.
Chinese stock markets gave back some of their earlier gains on Friday and looks set to test a new two-year low on the back of extremely bearish investor sentiment. The Hang Seng Index was supported by gains in energy shares, as investors gained confidence from a sharp overnight recovery in oil prices, as well as firmer global equity markets.
Local
Japan
The JSE All Share Index inched 0.10% lower on Thursday with the gold mining and the financial stocks leading the losers. Resources and platinum mining stocks led the gainers. The local bourse traded marginally weaker for most of the day before recovering somewhat when Wall Street opened firmer. Market sentiment also improved on the back of firmer European markets.
The Nikkei Index surged more than 5% on Friday, recouping most of its losses from the past two trading sessions. Market sentiment was boosted by a weaker yen, a recovery in oil prices and the possibility of more stimulus measures from the ECB.
Rand
Precious Metals
Oil
The rand strengthened slightly against the dollar on Thursday afternoon, having traded mostly in a narrow range after showing little reaction to the ECB’s decision to keep interest rates unchanged at a record low of 0.05%. The rand was last trading at R16.4993 against the US dollar, R17.8793 against the euro and R23.4414 against the British pound.
The gold price edged lower in Asian trade on Friday after the euro fell following the potential of further monetary policy easing by the ECB amid turmoil in global equity markets and slowing economic growth in emerging markets. Gold was last trading at $1 099.24, with platinum at $824.92 and palladium at $502.00.
Oil prices climbed for a second trading session on Friday, rebounding off 12-year lows reached earlier this week. Cold weather in the US and Europe, as well as stronger equity markets provided some traders reasons to close out their short positions. Brent crude oil was last quoted at $29.74 a barrel.
JANUARY 2016
Economic calendar Local
International
No new local economic events scheduled for today
UK: Retail sales Eurozone: Manufacturing PMI US: Existing Home Sales
Daily indicators Local Markets (R) Index ALSI Gold Mining
Current Level
1 Day Move
3 Month Move
46,282.02
-0.10
-12.67
6 Month Move -12.51
1 Year Move -6.67
1,373.01
-0.80
32.32
57.85
-9.71
Basic Minerals
15,785.94
2.44
-23.45
-28.31
-31.54
Industrial Index
37,418.59
-0.83
-17.13
-17.72
-19.24
Financial
36,653.06
-0.76
-17.90
-20.09
-9.64
Fin + Ind 30
68,396.05
-0.66
-9.14
-7.22
3.22
International Markets (Base currency) Index Dow Jones (USD)
Current Level
1 Day Move
3 Month Move
6 Month Move
1 Year Move
15,882.68
0.74
-7.49
-11.37
-9.52
S&P 500 PR (USD)
1,868.99
0.52
-7.43
-11.81
-8.03
NASDAQ (USD)
4,472.06
-0.01
-7.62
-14.15
-4.20
FT-100 (GBP)
5,773.79
1.77
-9.05
-14.70
-14.18
Hang Seng (HKD)
18,542.15
-1.82
-19.34
-27.39
-23.86
Nikkei 225 (JPY)
16,017.26
-2.43
-13.67
-23.15
-7.31
Paris CAC (EUR)
4,206.40
1.97
-10.41
-17.63
-6.21
Frankfurt (EUR)
9,574.16
1.94
-6.48
-17.50
-7.04
Other Markets Index Gold ($)
Current Level
1 Day Move
3 Month Move
6 Month Move
1 Year Move
1,096.80
0.33
-6.61
-1.01
-15.50
Platinum ($)
822.00
-0.96
-18.53
-16.38
-35.17
Brent Oil ($)
27.88
-3.06
-42.76
-50.79
-41.90
Rand/USD
16.82
0.33
-26.01
-34.57
-45.28
Rand/GBP
23.82
0.09
-15.82
-23.01
-35.83
18.32
0.88
-23.32
-33.52
-36.56
469.67
0.27
-5.37
-0.34
-6.53
Rand/EUR ALBI (R)
Some data may be delayed, the above tables reflects the latest available information.
JANUARY 2016
Company results calendar Company Reports Expected Date Day
Company
Share Code
Expectation
Monday
25 January 2016
Ellies
ELI
Next Interim Results Estimate
Friday
29 January 2016
IPSA
IPS
Next Interim Results Unconfirmed
Friday
29 January 2016
Bonatla
BNT
Next Interim Results Unconfirmed
Friday
29 January 2016
SACMH
SAH
Next Interim Results Unconfirmed
Friday
29 January 2016
Hudaco
HDC
Next Final Results Unconfirmed
Friday
29 January 2016
Capreg
CRP
Next Interim Results Unconfirmed
Thursday
4 February 2016
Harmony
HAR
Next Interim Results Confirmed
Thursday
4 February 2016
Resilient
RES
Next Interim Results Unconfirmed
Friday
5 February 2016
Net1 UEPS
NT1
Next Interim Results Unconfirmed
Friday
5 February 2016
Resgen
RSG
Next Interim Results Unconfirmed
Monday
8 February 2016
Amplats
AMS
Next Final Results Confirmed
Friday
8 February 2016
Tower
TWR
Next Interim Results Unconfirmed
Ex-Dividend Date Date Day
Company
Share Code
Expectation
Monday
25 January 2016
Netcare
NTC
Final Dividend 54.00 ZARc
Monday
25 January 2016
Pioneer Foods
PFG
Final Dividend 237.00 ZARc
Monday
25 January 2016
Telemasters
TLM
Interim Dividend 1.00 ZARc
Monday
25 January 2016
Tongaat
TON
Interim Dividend 170.00 ZARc
Monday
1 February 2016
Prescient
PCT
Interim Dividend 2.85 ZARc
Monday
8 February 2016
Quantum Foods
QFH
Final Dividend 10.00 ZARc
Dividend Pay Date Date Day
Company
Share Code
Expectation
Monday
25 January 2016
Astral Foods
ARL
Final Dividend 575.00 ZARc
Monday
25 January 2016
Clicks Group
CLS
Final Dividend 169.50 ZARc
Monday
25 January 2016
Lewis
LEW
Interim Dividend 215.00 ZARc
Monday
25 January 2016
Rhodes Food
RFG
Regular Cash Dividend 24.80 ZARc
Thursday
28 January 2016
Stenprop
STP
Interim Dividend 0.042 ZARc
Monday
1 February 2016
Netcare
NTC
Final Dividend 54.00 ZARc
Monday
1 February 2016
Pioneer Foods
PFG
Final Dividend 237.00 ZARc
Monday
1 February 2016
Telemasters
TLM
Interim Dividend 1.00 ZARc
Thursday
4 February 2016
Tongaat
TON
Interim Dividend 170.00 ZARc
Monday
8 February 2016
Prescient
PCT
Interim Dividend 2.85 ZARc
Monday
15 February 2016
Quantum Foods
QFH
Final Dividend 10.00 ZARc
JANUARY 2016
Local funds Performance data on local funds* is shown up to the last market close.
PSG Multi Management Fund PSG MM Income FoF B PSG MM Cautious FoF B PSG MM Balanced FoF B PSG MM Equity FoF B PSG MM Foreign Flex FoF B
6 Month 1 Year Move 2 Year Move 3 Year Move 4 Year Move 5 Year Move 2.64 6.60 7.26 6.88 7.46 7.27 1.23 6.84 7.58 9.90 10.69 -2.49 4.43 6.52 10.98 -14.22 -6.99 -0.37 7.95 10.82 10.01 15.46 28.97 16.36 23.89 24.09 -
**Some data may be delayed, the above table reflects the latest available information. *Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month
PSG Asset Management Fund PSG Money Market A PSG Income PSG Diversified Income PSG Stable PSG Balanced A PSG Flexible PSG Equity A PSG Global Flexible FF A PSG Global Equity FF
6 Month 1 Year Move 2 Year Move 3 Year Move 4 Year Move 5 Year Move 3.25 6.49 6.18 5.78 5.66 5.62 3.14 6.25 6.48 5.92 5.81 3.35 7.60 6.95 7.11 7.69 7.33 -1.45 4.89 5.46 8.03 9.20 -8.13 0.29 4.15 10.44 11.62 11.00 -8.84 0.55 4.33 12.06 12.62 12.54 -21.73 -13.96 -3.85 7.93 11.22 10.75 5.67 19.21 11.84 0.57 13.13 8.47 18.00 18.72 -
**Some data may be delayed, the above table reflects the latest available information. *Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month
PSG Multi-Management Funds: 1 Year Move 28.97
25.00
20.00 15.00 10.00 4.43
PSG Global Equity FF
PSG Equity A
PSG Flexible
PSG Global Flexible FF A
-20.00
PSG Balanced A
-15.00
PSG Stable
-10.00
PSG Diversified Income
-5.00
PSG Income
PSG Money Market A
-6.99
PSG MM Foreign Flex FoF B
5.00
PSG MM Equity FoF B
PSG MM Balanced FoF B
6.84
PSG MM Cautious FoF B
6.60
PSG MM Income FoF B
35.00 30.00 25.00 20.00 15.00 10.00 5.00 -5.00 -10.00
PSG Asset Management funds: 1 Year Move
Offshore funds Performance data on offshore funds* is shown up to the last market close minus 1 day
PSG Multi-Management Fund PSG MM Foreign Flex FoF B
6 Month 1 Year Move 2 Year Move 3 Year Move 4 Year Move 5 Year Move -13.89 -10.09 -7.05 -0.74 2.01 1.07
**Some data may be delayed, the above table reflects the latest available information. *Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month
PSG Asset Management ($) Fund PSG Global Flexible USD A PSG Global Equity USD
6 Month 1 Year Move 2 Year Move -23.88 -20.02 -11.20 -27.55 -23.53 -13.44
3 Year Move 4 Year Move -3.79 -4.41 -0.90
5 Year Move -2.56
**Some data may be delayed, the above table reflects the latest available information. *Please note performance reported during the first week of each month may be impacted by distributions. Distributions are fully accounted for by the second week of each month
JANUARY 2016
Sector focus JSE ALSI 40 Index The JSE ALSI 40 Index inched 0.16% lower on Thursday with the benchmark index price still trading far below a key resistance trend line. The index price is also still trading below both its 50 and 200 day moving averages and the long term trend remains bearish. Both the Stochastic and RSI indicators are still moving lower towards oversold levels. A bearish candlestick body was formed because the index price closed lower than it opened. This same candle is called a spinning top as it has a small real body. Spinning tops identify a trading session in which there is little price action (as defined by the difference between the open and the close). During a correction or near new lows, a spinning top can be a sign that the bears may be in trouble.
JANUARY 2016
Trade Spotlight: CFD & SSF Resilient (RES) The share price of Resilient gained 0.96% on Thursday with the share price testing a key support trend line, which is close to 61.8% Fibonacci retracement level. The share price is also still trading both its 50 & 200 day moving averages. The long term trend, however, remains bullish as the 50 day moving average has not crossed below the 200 day moving average as yet. Both the Stochastic and RSI indicators are still moving lower towards oversold levels but there are still no clear bullish signals.
JANUARY 2016
The information in this document is to the best of our knowledge correct at the time of distribution but due to the nature thereof cannot be guaranteed. This document only contains general information and not the opinion of the distributor. Affiliates of the PSG Konsult Group are authorised financial services providers.
