JSE sees a nearly 40% slump in reported 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.

Meanwhile, net sales of JSE-listed shares by foreign investors amounted to R29.8bn. This compares to net inflows of R17.5bn in the first six months of 2018. Net purchases of domestic bonds by foreigners totalled R19.2bn — nearly two-thirds the value of equity outflows. The exchange said headline earnings per share for the interim period would probably fall between 25% and 35%.

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