Bad news for your pension: most SA shares bled over the past year
- Over the past year, 56% of shares on the JSE declined in value, new analysis by TimBukOne shows.
- But there were spectacular rallies under the few gainers - including Implats, which saw a 200% gain.
- For more stories, go to Business Insider SA.
Over the past year, only a third of South African shares managed to head higher.
According to TimBukOne, a financial software company for the investment market, a full 56% of shares on the JSE have declined since June 2018. The remaining companies were unchanged.
Just in the past months alone, 44% of shares suffered losses in value.
But the few local shares that did strengthen did so in spectacular fashion. In the single month to mid-June, Gold Fields shareholders saw a 38% rise in its share price, while Richemont jumped 20%.
And investors in Implats saw a 200% increase in its share price over the past year, as the world’s second largest platinum miner benefited from restructuring, increased output and a palladium price rally.
AngloGold Ashanti’s share price is up almost 90% over the past year, and many of the other strong performers were also in the resources sector, including:
- Gold Fields +54%
- Harmony Gold +30%
- Kumba Iron Ore +49%
- Metair Investments +34%
- Royal Bafokeng Platinum +32%
- Northam Platinum +68%
Altech (+70%) and Capitec (+49%) were among the only non-mining gainers.
The biggest losers
While there were many property and construction companies among the top decliners over the past year, the declines were spread out over many sectors.
TimBukOne’s analysis show that these companies show some of the largest declines:
- Adcock Ingram -79%
- Arrowhead Properties -46%
- Ascendis Health -52%
- Aspen Pharmacare -60%
- Ayo Technology Solutions -67%
- Balwin Properties -45%
- Basil Read -82%
- Blue Label Telecoms -57%
- Brait -52%
- Calgro M3 -53%
- Capital & Regional Plc -70%
- CSG Holdings -59%
- Delta Property Fund -65%
- Choppies Enterprises -74%
- Consolidated Infrastructure Group -67%
- Ecsponent -49%
- Efora Energy -75%
- Grindrod -46%
- Group Five -44%
- Hammerson -44%
- Hulisani -76%
- Intu -52%
- Invict -43%
- Massmart -43%
- Mediclinic -39%
- Nampak -40%
- Omnia -67%
- Taste -77%
- Tongaat Hulett -82%
- Trans Hex -64%
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