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The June 2019 Market Environment

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  • The Equity market advanced 4.8% for the month, recovering the losses experienced in May. All major sectors ended the month in the green. Financials, Industrials and Resources rose 1.4%, 4.4% and 10.3% respectively.
  • The Rand gained 3.4% against the dollar, despite the SA economy contracting 3.2%, as global monetary policies continued with a more dovish tone. Bonds advanced 2.3% while Property gained 2.2% for the month.
  • The top performing shares were dominated by Resource companies. Amongst the best performers were AngloGold (30.5%), Gold Fields (17.3%), Anglo American (15.6%) and Anglo-American Platinum (15.6%).
  • SA Inc stocks were amongst the worst performers for the month, as the GDP shock added to an already depressed economy.