daily investment update - PSG

Mar 2, 2016 - Oil prices slipped lower in Asian trade on ..... technical are giving mixed signals with the Stochastic indicator moving lower, while the RSI is still.
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2 MARCH 2016

DAILY INVESTMENT UPDATE US markets closed firmer on Tuesday with investors buying into banking and technology stocks and highlighting the fresh appetite for assets considered risky, while the oil price surged higher. News that showed stronger US factory and construction data also suggested that the world's biggest economy was on track to regaining momentum.

China

Europe

United States

European markets closed firmer on Tuesday, with exchange operator London Stock Exchange (LSE) surging 7.2% to reach a record high on speculation of a possible bidding war between US rival ICE and the Deutsche. Auto stocks were in demand as they benefit from the weaker euro because it makes exports cheaper.

The Shanghai Composite Index gained more than 2% on Wednesday, supported by a surge in real estate and resources stocks as investors’ embraced signs of recovery in the property market, while also shrugging off Moody's downgrade of its China outlook. The Hang Seng Index in Hong Kong also showed strong gains with energy stocks leading the advance.

Japan

Local

The Nikkei Index has recovered from earlier losses on Tuesday as it tracked a weaker performance on Wall Street overnight, while a stronger yen also weighed on market sentiment. Investor sentiment was hurt following the release of weaker than expected Chinese manufacturing survey.

The JSE All Share Index gained 1.82% on Tuesday on the back of firmer banking and financial shares. FirstRand surged 4.90% higher, while Barclays Africa ended 2.13% higher despite news that parent company Barclays plc would decrease its 62.3% stake in Barclays Africa over the next two to three years. Foreign investors have been strong buyers of Steinhoff and Sibanye shares since the start of the week.

Rand

Precious Metals

Oil

The rand lost 15c against the dollar on Tuesday following a statement from SARS that denied media reports that Commissioner Mr Tom Moyane instituted measures to investigate Mr Gordhan’s tenure as SARS commissioner. The rand was also impacted by lower than expected fourth quarter GDP data. The rand was last trading at R15.5690 against the US dollar, R16.9119 against the euro and R21.7219 against the British pound.

The gold price edged lower for a second straight session on Wednesday, as global equity markets advanced, while the dollar strengthened following strong US manufacturing data that rekindled speculation that the US Federal Reserve may resume raising interest rates this year. Gold was last trading at $1 226.17, with the platinum price at $934.90 and palladium at $514.60.

Oil prices slipped lower in Asian trade on Wednesday following an industry report that showed a huge increase in US crude stockpiles that were already at a record high levels. US crude inventories climbed by 9.9 million barrels last week, which was well above expectations of a 3.6-million barrel increase. Brent crude oil was last quoted at $36.65 a barrel.

MARCH 2016

Economic calendar Local

International



   

FTSE/JSE Review additions, deletions and weighting changes published

Australia: GDP Eurozone: PPI US:ADP US: Beige Book

Local Markets (R) Index

Current Level

ALSI

1 Day Move

3 Month Move

6 Month Move

1 Year Move

50 315.09

1.82

-2.37

3.71

-5.68

2 081.44

-0.03

131.91

116.37

50.65

Basic Minerals

19 790.99

1.99

11.02

-2.85

-23.32

Industrial Index

41 659.40

2.75

-3.13

-3.63

-12.55

Financial

39 858.12

2.25

-8.60

-6.22

-9.88

Fin + Ind 30

71 913.97

1.81

-4.67

7.34

1.24

Gold Mining

International Markets (Base currency) Index Dow Jones (USD)

Current Level

1 Day Move

3 Month Move

6 Month Move

1 Year Move

16 865.08

2.11

-5.72

5.02

-6.99

S&P 500 PR (USD)

1 978.35

2.39

-5.91

3.37

-5.99

NASDAQ (USD)

4 689.60

2.87

-9.07

1.14

-5.53

FT-100 (GBP)

6 152.88

0.91

-3.80

1.56

-11.43

Hang Seng (HKD)

19 407.46

1.55

-13.29

-8.39

-21.82

Nikkei 225 (JPY)

16 085.51

0.37

-19.62

-11.45

-14.43

Paris CAC (EUR)

4 406.84

1.22

-10.33

-2.96

-11.00

Frankfurt (EUR)

9 717.16

2.34

-13.71

-2.98

-14.77

Other Markets Index Gold ($)

Current Level

1 Day Move

3 Month Move

6 Month Move

1 Year Move

1 240.00

0.47

15.97

8.59

2.90

Platinum ($)

922.00

-1.91

8.34

-5.82

-22.46

Brent Oil ($)

35.97

2.48

-19.37

-33.57

-42.52

Rand/USD

15.57

1.51

-8.59

-13.78

-32.71

Rand/GBP

21.72

1.50

-1.66

-4.34

-20.59

16.91

1.90

-11.40

-11.08

-28.74

479.73

-0.51

-3.11

-0.11

-3.65

Rand/EUR ALBI (R)

Some data may be delayed, the above tables reflects the latest available information.

MARCH 2016

Company results calendar Company Reports Expected Date Day

Company

Share Code

Expectation

Wednesday

2 March 2016

Clover

CLR

Next Interim Results Estimate

Wednesday

2 March 2016

Mpact

MPT

Next Final Results Estimate

Wednesday

2 March 2016

Granprade

GPL

Next Final Results Confirmed

Wednesday

2 March 2016

Sycom

SYC

Next Interim Results Estimate

Wednesday

2 March 2016

Fairvest

FVT

Next Interim Results Estimate

Thursday

3 March 2016

Aspen

APN

Next Interim Results Confirmed

Thursday

3 March 2016

MTN Group

MTN

Next Final Results Confirmed

Thursday

3 March 2016

Stanbank

SBK

Next Final Results Confirmed

Thursday

3 March 2016

Nedbank

NED

Next Final Results Confirmed

Thursday

3 March 2016

B-Africa

BGA

Next Final Results Unconfirmed

Thursday

3 March 2016

Steinhof

SHF

Next Interim Results Unconfirmed

Thursday

3 March 2016

Exxaro

EXX

Next Final Results Confirmed

Thursday

3 March 2016

Torre

TOR

Next Interim Results Unconfirmed

Ex-Dividend Date Date Day

Company

Share Code

Expectation

Thursday

3 March 2016

Arrowhead A

AWA

Interim Dividend 20.03 ZARc

Thursday

3 March 2016

Arrowhead B

AWB

Interim Dividend 20.03 ZARc

Thursday

3 March 2016

Assore

ASR

Interim Dividend 200.00 ZARc

Thursday

3 March 2016

BHP Billiton

BIL

Interim Dividend 16.00 USc

Thursday

3 March 2016

City Lodge

CLH

Interim Dividend 269.00 ZARc

Thursday

3 March 2016

Delta Africa

DLA

Regular Cash Dividend 6.17 USc

Thursday

3 March 2016

Emira

EMI

Distribution 70.34 ZARc

Thursday

3 March 2016

Fortress A

FFA

Interim Dividend 64.72 ZARc

Thursday

3 March 2016

Fortress B

FFB

Interim Dividend 62.81 ZARc

Thursday

3 March 2016

Gfields

GFI

Final Dividend 21.00 ZARc

Thursday

3 March 2016

NEPI

NEP

Final Dividend 17.17 EU

Dividend Pay Date Date Day

Company

Share Code

Expectation

Monday

14 March 2016

Arrowhead A

AWA

Interim Dividend 20.03 ZARc

Monday

14 March 2016

Arrowhead B

AWB

Interim Dividend 20.03 ZARc

Monday

14 March 2016

Assore

ASR

Interim Dividend 200.00 ZARc

Monday

14 March 2016

City Lodge

CLH

Interim Dividend 269.00 ZARc

Monday

14 March 2016

Delta Africa

DLA

Regular Cash Dividend 6.17 USc

Monday

14 March 2016

Emira

EMI

Distribution 70.34 ZARc

Monday

14 March 2016

Fortress A

FFA

Interim Dividend 64.72 ZARc

Monday

14 March 2016

Fortress B

FFB

Interim Dividend 62.81 ZARc

Monday

14 March 2016

Gfields

GFI

Final Dividend 21.00 ZARc

Tuesday

22 March 2016

NEPI

NEP

Final Dividend 17.17 EU

Thursday

31 March 2016

BHP Billiton

BIL

Interim Dividend 16.00 USc

MARCH 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 2.97 6.62 7.70 7.05 7.52 7.42 2.71 5.60 8.51 10.16 10.84 1.85 3.04 8.19 11.99 -4.66 -8.15 2.73 9.92 11.84 11.69 9.40 18.07 14.09 21.54 23.29 -

**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 2.73 6.00 6.03 5.70 5.58 5.55 3.27 6.62 6.69 6.04 5.84 3.74 7.43 7.25 7.36 7.83 7.48 2.65 5.16 7.10 8.66 9.89 1.18 1.89 7.74 12.11 13.22 12.45 1.65 2.89 8.56 14.82 14.89 14.08 -5.75 -10.41 1.97 11.94 14.63 13.46 9.28 14.78 13.08 6.97 8.56 9.64 18.43 19.78 -

**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

PSG Asset Management funds: 1 Year Move 18.07

20.00

15.00

15.00 6.62

10.00

5.60 3.04

5.00

5.00

PSG Global Equity FF

PSG Equ ity A

PSG Flexi ble

PSG Global Flexible FF A

-15.00

PSG Balanced A

-10.00

PSG Stable

-5.00

PSG Diversified Inc ome

-8.15

PSG MM Foreign Flex FoF B

PSG MM Equ ity FoF B

PSG MM Balanced FoF B

PSG MM Cau tious Fo F B

-10.00

PSG MM Income FoF B

-5.00

PSG Income

-

-

PSG Money Market A

10.00

20.00

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 -6.14 -12.09 -6.14 -0.29 1.17 1.28

**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 -9.33 -16.79 -7.72 -11.14 -20.82 -10.13

3 Year Move 4 Year Move -1.20 -1.68 0.12

5 Year Move -0.83

**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

MARCH 2016

Sector focus JSE ALSI 40 Index The JSE ALSI 40 Index gained 1.87% on Tuesday to retest the upper resistance trend line of a long term down channel. The benchmark index is trading just above the 50 day moving average but is still trading below the 200 day moving average and the long term trend remains bearish The two technical are giving mixed signals with the Stochastic indicator moving lower, while the RSI is still moving higher. A bullish candlestick body was formed yesterday because the index price closed higher than it opened. During the past 10 days, there have been five candles and five bearish candles. During the past 50 days, there have been 25 bullish candles and 25 bearish candles.

MARCH 2016

Trade Spotlight: CFD & SSF Capco (CCO) The share price of Capital & Counties Property or Capco gained 1.25% on Tuesday but is still trading in a narrow down channel in the medium term. The share price is still trading far below both its 50 & 200 day moving averages and the long term trend remains bearish. Both the Stochastic and RSI indicators, however, are trading near oversold levels to suggest a rally soon.

MARCH 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.