JSE sees a nearly 40% slump in equity trades in first half of 2019

The JSE says the value of reported equity trades on SA’s main stock exchange slumped nearly 40% in the first half of 2019.amid a downturn in the domestic economy, and as the JSE contends with new competition in the form of low-cost exchange A2X Markets and other newcomers.

But foreigners were net buyers of local bonds in the first half of 2019, after being net sellers a year before. The JSE warned in June that its earnings – which are largely derived from transaction fees – could decline by more than a third in the six months to end-June because of muted trading activity.

Earnings had been dented by “a decline in the key activity drivers in the main asset classes traded on the JSE and, in particular, lower value traded in the equities market”.

Ramoliko

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