Market Indicators
- JSE All Share (ALSI) 45,132.10
- Rand/Euro R 15.07
- Rand/Pound R 18.36
- Rand/US Dollar R 11.16
- Rand/Aus Dollar R 9.75
Equity
- The FTSE/JSE All Share (ALSI) declined 2.4% on a total return basis for the month and over the 12 months gained 14.9%. Small Caps (down 1.4%) outperformed Large Caps (down 2.1%) and Mid Caps (down 4.0%).
- The best-performing sectors were Gold Mining (up 27.5%), Automobiles & Parts (up 9.2%) and Fixed Line Telecommunications (up 8.0%). The worst were Health Care Equipment & Services (down 11.8%), General Retailers (down 11.7%) and Food & Drug Retailers (down 11.5%).
- Over a 10-year period, Industrials (up 24.2% p.a.) outperformed Financials (up 17.5% p.a.) and Resources (up 12.5% p.a.). The composition of the ALSI as at the end of the month was Industrials 54.3%, Resources 27.6% and Financials 18.1%.
Bonds
- The All Bond Index declined 3.2% for the month and over the 12 months declined 2.7%. The Inflation-Linked Bond Index declined 4.0% for the month and over the 12 months declined 2.8%.
Property
- The SA Listed Property Index declined 7.1% for the month and over 12 months declined 0.3%.
Cash
- Cash returned 0.4% for the month and over the 12 months returned 5.3%. Over a 10-year period, inflation in the form of ECPI has been 5.7% p.a.
International Market Performance
- The Rand weakened 6.8% against the US Dollar and 3.8% against the Euro in January 2014.
- The MSCI World Index declined 3.7% on a total return basis in US Dollar terms for the month and over the 12 months gained 16.7%. The MSCI Emerging Markets Index declined 6.5% for the month and over the 12 months declined 9.8%.
- The best-performing emerging market index from the selection of international equity indices for the month was the MSCI India (down 3.8%), while the worst-performing was the MSCI Turkey (down 13.3%).
- The best-performing developed market index from the selection of international equity indices for the month was the Nasdaq 100 (down 1.9%), while the worst-performing was the Nikkei 225 (down 5.6%).
- The US Dollar Platinum price gained 1.8% for the month and over the 12 months declined 17.3%. The US Dollar Gold price gained 2.9% for the month and over the 12 months declined 25.3%. Brent Crude was down 2.3% for the month and over the 12 months declined 4.0%.
