Market report
1 Feb 2019
2019 starts with a fresh outlook! The all share index leapt to above 54000 points. The exchange rate is ok… The Reserve Bank opted to keep the interest rates the same.
The business index shows that trust is slowly returning to the sector. The one thing that needs to happen is that Business trust their ability to make money in their own businesses again.
It seems like the coming elections do not have that great an effect…
In the gearbox of our investments great things have started happening. Coronation Balanced Plus investment returns 3 monthly figures picked up by 9% since January 1st. Coronation Property Equity’s 3 monthly figures picked up by 15% since January 1st. Remember this was from a very low base!
The portfolio managers we listened and talked to sing about the same tune. They do cherry picking on a very cheap and healthy stock market. (Low share prices and cheap PE ratio’s) They are very positive.
2019 might just be the year of recovery to counter the bad returns we got the past 5 years.
Stay put! Good things are coming!
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