Market Reviews
Market Review
Local Market Review – June 2024
The South African rand strengthened 1.7% against the Dollar in June and is 3.1% weaker this year. The emerging markets index decreased by 2.2% in June but is 4.5% stronger in 2024. The Telecoms sector surged 15%, bringing its year-to-date return to over 30%.
| Equity Indices | Jun-24 | YTD |
|---|---|---|
| Telecommunication | 14.98% | 30.21% |
| Small Cap | 8.12% | 20.83% |
| Consumer Services | 7.35% | 12.45% |
| Industrials | 5.47% | 14.29% |
| Mid Cap | 3.12% | 10.14% |
| Health Care | 2.08% | 11.57% |
| Financials | 1.45% | 4.22% |
| All Share | 0.75% | 12.48% |
| SA Listed Property (J253) | 0.62% | 6.54% |
| Top40 - (Tradable) | 0.48% | 13.02% |
| Technology | -0.15% | 16.44% |
| Basic Materials | -1.03% | 17.29% |
| Consumer Goods | -1.42% | 1.15% |
All Performance data sourced from Bloomberg on 30 June 2024
Happy investing!
Thulisa Shandu
Junior Fund Manager
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