Market Indicators
- JSE All Share (ALSI) 49,632.70
- Rand/Euro R 14.42
- Rand/Pound R 17.72
- Rand/US Dollar R 10.58
- Rand/Aus Dollar R 9.84
Equity
- The FTSE/JSE All Share (ALSI) gained 1.6% on a total return basis for the month and over the 12 months gained 21.8%. Small Caps (up 3.5%) outperformed Large Caps (up 1.9%) and Mid Caps (down 0.8%).
- The best-performing sectors were Media (up 17.6%), Support Services (up 10.5%) and Forestry & Paper (up 8.7%). The worst were Gold Mining (down 12.8%), Industrial Metals (down 11.3%) and Technology Hardware & Equipment (down 10.7%).
- Over a 10-year period, Industrials (up 25.3% p.a.) outperformed Financials (up 19.2% p.a.) and Resources (up 14.4% p.a.). The composition of the ALSI as at the end of the month was Industrials 54.9%, Resources 25.6% and Financials the remaining 19.5%.
Bonds
- The All Bond Index gained 1.2% for the month and over the 12 months gained 2.9%. The Inflation-Linked Bond Index gained 1.9% for the month and over the 12 months gained 4.4%.
Property
- The SA Listed Property Index declined 1.3% for the month and over 12 months gained 7.0%.
Cash
- Cash returned 0.5% for the month and over the 12 months returned 5.5%. Over a 10-year period, inflation in the form of ECPI has been 6.0% p.a.
International Market Performance
- The Rand weakened 0.5% against the US Dollar and strengthened 1.2% against the Euro in May 2014.
- The MSCI World Index gained 2.1% on a total return basis in US Dollar terms for the month and over the 12 months gained 19.5%. The MSCI Emerging Markets Index gained 3.5% for the month and over the 12 months gained 4.6%.
- The best-performing emerging market index from the selection of international equity indices for the month was the MSCI Russia (up 12.2%), while the worst-performing was the MSCI Bovespa (down 1.1%).
- The best-performing developed market index from the selection of international equity indices for the month was the Hang Seng (up 5.4%), while the worst-performing was the Cac 40 (up 0.7%).
- The US Dollar Platinum price gained 2.8% for the month and over the 12 months remained flat. The US Dollar Gold price declined 3.8% for the month and over the 12 months declined 12.1%. Brent Crude gained 1.4% for the month and over the 12 months gained 8.2%.
