For the major JSE indices, little has changed, with financial, industrial and
resource stocks all shedding value over the past month (See: Figure 2 major JSE indices chart).
The sell-off off JSE stocks since mid-April – while US stocks held steady
– has seen the S&P 500 overtake the JSE all share index in terms of
relative performance. ■
The JSE’s gold
index now takes
on laggard
status, alongside
the construction
sector in terms
of relative
performance
over the past 12
months.
Figure 3
ISSUE 4 – JULY 2015
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