Market Reviews
Market Review – March 2021
Local Market Review – March 2021
The South African rand strengthened 2.3% against the Dollar in the month and it is 0.55% weaker this year. Emerging markets index is 1.7% lower in March and 1.95% stronger in 2021. The Telecoms sector soared 13% taking its year to date return to over 28%.
| Equity Indices | Mar-21 | YTD |
|---|---|---|
| Telecommunication | 12.99% | 28.21% |
| Small Cap | 7.11% | 19.81% |
| Consumer Services | 6.42% | 11.26% |
| Industrials | 4.26% | 12.82% |
| Mid Cap | 2.92% | 8.74% |
| Health Care | 1.50% | 10.77% |
| Financials | 1.10% | 3.11% |
| All Share | 0.53% | 11.91% |
| SA Listed Property (J253) | 0.48% | 5.09% |
| Top40 - (Tradable) | 0.21% | 11.96% |
| Technology | -0.28% | 15.53% |
| Basic Materials | -1.18% | 15.71% |
| Consumer Goods | -1.31% | 5.60% |
Sygnia announced its co-founder and joint CEO Magda will step down effective end of May 2021 but will remain in the company as a non-executive director. Shoprite has launched its own prepaid mobile network operator called K'nect Mobile, which is set to be implemented in April; Pick n’ Pay launched a similar service called PnP Mobile in November 2020. MTN has secured a contract with the local government to supply 1.2 million state employees.
JSE Top 40 - Top Performing Shares
Share Code
MTN
Company Name
MTN GROUP LTD
Industry Sector
COMMUNICATIONS
YTD
44.3%
SHP
Company Name
SHOPRITE HOLDINGS LTD
Industry Sector
CONSUMER, NON-CYCLICAL
YTD
12.2%
AMS
Company Name
ANGLO AMERICAN PLATINUM LTD
Industry Sector
BASIC MATERIAL
YTD
49.1%
NHM
Company Name
NORTHAM PLATINUM LTD
Industry Sector
BASIC MATERIAL
YTD
22.8%
SOL
Company Name
SASOL
Industry Sector
BASIC MATERIAL
YTD
58.1%
| Share Code | Company Name | Industry Sector | YTD |
|---|---|---|---|
| MTN | MTN GROUP LTD | COMMUNICATIONS | 44.3% |
| SHP | SHOPRITE HOLDINGS LTD | CONSUMER, NON-CYCLICAL | 12.2% |
| AMS | ANGLO AMERICAN PLATINUM LTD | BASIC MATERIAL | 49.1% |
| NHM | NORTHAM PLATINUM LTD | BASIC MATERIAL | 22.8% |
| SOL | SASOL | BASIC MATERIAL | 58.1% |
All Performance data sourced from Bloomberg on 31 March 2021.
Happy investing!
Sihle Ndhlala
Junior Fund Manager
Disclaimer
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