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Author Topic: South Africa Top 40  (Read 51041 times)

LittleBT

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South Africa Top 40
« on: May 08, 2013, 02:50:08 pm »
Recovery and return of the bull market...?
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Johan

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Re: South Africa Top 40
« Reply #1 on: May 08, 2013, 03:49:08 pm »
The chart makes it look like we're in a recovery, but I'm not a charter so I can't give you any technicals.
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Moneypenny

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Re: South Africa Top 40
« Reply #2 on: May 09, 2013, 09:31:58 am »
Almost back to mid March highs after only six consecutive up days, I don't think we left the bull market in the first place.  Which is a pity considering what's fuelling markets in the first place.  For sure not growth and economic strength but the opposite thereof.  Worst of all, preventative measures (i.e. QE, bond buying, rate cuts) which are a 'last resort' by definition, are designated to international markets not to SA, so why oh why are we reaching all time highs?
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gcr

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Re: South Africa Top 40
« Reply #3 on: May 09, 2013, 12:35:45 pm »
I would think that if the Reserve Bank does cut interest rates at the next Monetary Policy meeting that a substantial portion of funds which could have gone to bonds and fixed investments with banks will go to fund managers and other investors directly into the stock market. So I think we will continue to see the overall indices ticking up and then pulling back for a breather and then carrying on. Buffet is reported seeing the Dow getting to 16,000 to 17,000 by year end - that still significant growth to come
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LittleBT

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Re: South Africa Top 40
« Reply #4 on: May 14, 2013, 03:34:55 pm »
no a bad day at all, up by 673 points...
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Moneypenny

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Re: South Africa Top 40
« Reply #5 on: May 14, 2013, 04:07:00 pm »
Dolf what are you watching or rather smoking, :) highest today so far plus 170 more or less.
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gcr

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Re: South Africa Top 40
« Reply #6 on: May 14, 2013, 04:11:03 pm »
Quote from: Moneypenny on May 14, 2013, 04:07:00 pm
Dolf what are you watching or rather smoking, :) highest today so far plus 170 more or less.

Yup Industrial 25 has shown an increase of 446.44 points (4.10 p.m.)
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Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Moneypenny

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Re: South Africa Top 40
« Reply #7 on: May 14, 2013, 04:22:01 pm »
Industrial now plus 485 yes, top 40 plus 197 :)
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LittleBT

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Re: South Africa Top 40
« Reply #8 on: May 15, 2013, 08:12:25 am »
Sorry for confusion caused, this was combined points taken from individual long positions  ;), one single move of this size would be amazing...
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Moneypenny

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Re: South Africa Top 40
« Reply #9 on: May 15, 2013, 08:35:33 am »
No worries Dolf, kept us on our toes. 

Nice trade by the way.
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gcr

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Re: South Africa Top 40
« Reply #10 on: May 15, 2013, 06:35:20 pm »
I see the Top 40 closed at 36322.20 which is still a way off their all time high of 36515.31 achieved on 11/02/2013 and that the All Share closed at 41014.98 which is just below what I have as an all time high of 41047.72 per 14/03/2013 so our markets are pumping.
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Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

gcr

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Re: South Africa Top 40
« Reply #11 on: May 16, 2013, 03:43:25 pm »
Top 40 hit a high of 36,824.33 and ALSI 41465.81 both have pulled back a bit
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AVM

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Re: South Africa Top 40
« Reply #12 on: May 16, 2013, 04:26:53 pm »
Quote from: gcr on May 16, 2013, 03:43:25 pm
Top 40 hit a high of 36,824.33 and ALSI 41465.81 both have pulled back a bit
It's been a great month, my portfolio is looking pretty healthy overall!
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Patrick

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Re: South Africa Top 40
« Reply #13 on: May 17, 2013, 12:53:32 pm »
I see the satrix40 portfolio is sitting in 39th place out of 267. Seems to be confirming the view that the majority of people shouldn't try to beat the market  ;D

It'll be interesting to see how it ranks come year end.
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Moonraker

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Re: South Africa Top 40
« Reply #14 on: May 17, 2013, 01:39:25 pm »
Why You Should Avoid the South Africa ETF

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Clearly, given the many problems afflicting the nation, South Africa should be avoided and the focus should be on other markets instead. For this reason, we have a Zacks ETF Rank #5 (Strong Sell) on EZA, suggesting that we believe underperformnace is in the cards for this fund in the near term as well.
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In such a scenario, iShares MSCI South Africa ETF ( EZA ) turned out be one of the worst performing country ETFs to start the year. The fund has delivered a negative return of 9.56% year to date, as the fund continues to be affected by troubles surrounding the country ( Three Country ETFs Struggling in 2013 ).

EZA in Focus

EZA is one of the main sources to play the South African economy and provides exposure to 51 securities. The fund manages an asset base of $506 million and trades at volume levels of more than 200,000 shares a day.

At 12.82%, EZA allocates a hefty proportion to the Mining sector occupying the fourth position, after Financials (28.4%), Consumer Discretionary (18.8%) and Telecommunication (13.46%).

So it can be said EZA's heavy exposure to mining companies may have impacted its performance to a large extent. The recent turbulence in the yellow metal and mining companies seemed to have a negative impact on the ETF ( Top Mining ETFs in Focus ).

The fund has also not been able to do much in minimizing stock-specific risk either, as nearly 55% of the asset base goes towards the top ten holdings. Among individual holdings, MTN Group, Naspers and Sasol occupy the top three positions in the fund with asset allocation of 11.81%, 10.13% and 9.02%, respectively.

Was not sure where to post this.
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