Trading stocks on the Johannesburg Stock Exchange (JSE) can be a great way to increase your earnings and diversify your portfolio. Whether you’re a novice investor or a seasoned professional, trading stocks on the JSE can be a great way to build wealth.
With the right resources, anyone can learn how to trade on the JSE. Fortunately, there are several great online sources that can help you get started. From tutorials and webinars to stock market analysis and trading strategies, these online sources have everything you need to learn the ins and outs of trading on the JSE.
What is the Johannesburg Stock Exchange?
The JSE is the largest stock exchange in Africa, accounting for nearly 90% of South Africa’s equity market. The JSE has been operating since 1889, making it one of the oldest stock exchanges in the world.
The JSE is based in Johannesburg, South Africa and is owned by the country’s biggest financial institutions. All the major South African banks own a portion of the JSE and are responsible for listing stocks. The JSE is also regulated by the country’s central bank, the South African Reserve Bank (SARB).
In addition to stocks, the JSE also offers trading in bonds, commodities and other financial instruments. But one of the most popular and safest ways to invest is to invest in JSE top 40.
Online sources for learning how to trade on the JSE
Here are a few of the best online sources for learning how to trade on the JSE:
Forbes investing. Forbes has a section on their website called Investing that is full of great information. You can learn everything you need in order to build a good foundation before you get started as a trader.
The Economist: The Economist is a great source for all types of information about global economies, including some useful investor information that you can use to gain a better understanding of the markets you plan to invest in. It’s updated frequently, making it a great option for daily reading.
Tutorials and webinars
Tutorials and webinars are super useful and can help you learn how to trade on the JSE. You can learn how to trade stocks, get info about commodities and other financial instruments. They are also a great place to find trading strategies and tips on how to enter the market.
Here are a few of the best tutorials and webinars for trading stocks:
Lola: This tutorial is free and can provide new traders with the knowledge they need to get started with investing. It covers everything from the types of stocks to trading strategies and tools. It’s ideal for first-time traders looking to learn how to trade on the JSE.
My Personal Finance: Learn how to trade commodities, including gold, platinum and more. This channel can provide valuable insight for new traders. It can teach you the ins and outs of commodities and how to trade them successfully.
While we don’t recommend trading with real money until you are confident with your strategy, a practice account is a great tool to get started. These practice accounts allow you to trade stocks with fake money and gain confidence before jumping into the real market.
They can also help you test out different trading strategies and see which one is best for you. Here is one of the best practice accounts for trading stocks on the JSE:
Trading Technologies: This practice account can help you understand the trading market and the risks associated with it. It allows you to test out different strategies and get used to trading with fake money. It’s a great way to get started with trading stocks on the JSE.
The Johannesburg Stock Exchange can be a great way to invest and potentially make money. It’s good to learn how to trade properly first though. After all, you will be using your own money eventually to invest, so it’s better to be safe than sorry.
With the resources above, you should have everything you need to get started trading on the JSE and potentially make some serious money. Just be sure to check all your resources regularly so that you stay informed about changes in the market as they occur. Then, you’ll be protected against any sudden news that you need to know about that could affect your holdings. Good luck!
Stock Exchange Rises 0.15% as Market Cap Nears N29trn
By Dipo Olowookere
Sustained bargain-hunting activity stretched the Nigerian Exchange (NGX) Limited further by 0.15 per cent on Tuesday, following strong corporate earnings.
The 2022 fourth-quarter results of companies on the stock exchange gave investors an overview of what the full-year earnings would look like, resulting in buying stocks expected to pay good cash rewards in the coming months.
From an analysis of the market data, the insurance counter appreciated by 2.98 per cent, the industrial goods sector rose by 0.03 per cent, while the consumer goods and banking indices closed lower by 0.17 per cent and 0.03 per cent, respectively, with the energy space closing flat.
At the close of business, the All-Share Index (ASI) grew by 80.84 points to 53,238.67 points from 53,157.83 points, while the market capitalisation nudged closer to N29 trillion with a N44 billion increase to N28.998 trillion from N28.954 trillion.
The activity chart revealed that traders transacted 250.2 million shares worth N5.9 billion yesterday in 4,328 deals as against the 201.4 million shares worth N5.7 billion traded in 4,332 deals on Monday, indicating a decline in the number of deals by 0.09 per cent and an improvement in the trading volume and value by 24.23 per cent and 3.51 per cent, respectively.
Universal Insurance was the busiest stock on Tuesday as it transacted 48.6 million units, with GTCO trading 14.2 million units at the close of transactions. Zenith Bank sold 12.5 million shares, Access Holdings exchanged 11.6 million stocks, and Unity Bank traded 10.9 million equities.
The trio of Veritas Kapital, Living Trust Insurance and Geregu Power gained 10.00 per cent each during the session to settle at 22 Kobo, N1.98, and N193.60 apiece, as John Holt rose by 9.92 per cent to N1.33, while SCOA Nigeria increased by 9.78 per cent to N1.01.
On the flip side, the duo of Chams and NCR Nigeria lost 10.00 per cent each to close at 27 Kobo and N3.24, respectively. Unity Bank shed 9.09 per cent to sell at 50 Kobo, Royal Exchange depreciated by 8.97 per cent to 71 Kobo, and Japaul dropped 8.33 per cent to quote at 33 Kobo.
Analysis of the price movement chart indicated that the market breadth ended positive, with 29 price gainers and 18 price losers, representing a very strong investor sentiment.
Oil Prices Mixed Amid Weakening US Dollar
By Adedapo Adesanya
Oil prices were mixed on Tuesday despite drawing support from a weakening US Dollar, with Brent futures contract down by 37 cents to $84.53 per barrel and the US West Texas Intermediate (WTI) crude up by 92 cents or 1.2 per cent to $78.82 a barrel.
The US Dollar index turned negative after data showed labour costs increased at their slowest pace in a year in the fourth quarter. This occurred as wage growth slowed, bolstering expectations of the US Federal Reserve slowing its interest rate increases.
Investors expect the Fed to raise rates by 25 basis points on Wednesday, with increases of half a percentage point by the Bank of England and European Central Bank the following day.
The rate increase expected at the Federal Open Market Committee’s January 31- February 1 meeting would bring the policy rate to the 4.5 per cent – 4.75 per cent range; that’s two quarter-point rate hikes short of the level most Fed policymakers in December thought would be sufficiently restrictive to bring inflation under control.
Economists at UBS expect the US Dollar to travel along a weaker path, with limited and short-lived bouts of strength.
“The Fed is getting closer to the end of its rate-hiking cycle. With markets growing comfortable with a terminal fed funds rate close to or at 5 per cent, and US inflation likely to quickly roll over in the first half of this year, downward pressure on the USD should continue to mount,” they said in a note.
The Organisation of the Petroleum Exporting Countries (OPEC) panel will likely recommend keeping the group’s output policy unchanged when it meets at 2 pm (Nigerian time) on Wednesday.
Meanwhile, a Reuters survey showed 49 economists and analysts expect Brent crude to average more than $90 a barrel this year, the first upward revision since October, with gains likely driven by demand from the world’s second top consumer, China.
China has been easing stringent COVID-19 restrictions this month, with the country reopening borders for the first time in three years.
Analysts noted that China’s reopening is supporting demand prospects for oil.
Economy in Danger, Nigerians Suffering—Lagos Assembly
By Aduragbemi Omiyale
The Lagos State House of Assembly has accused the Central Bank of Nigeria (CBN) of compounding the woes of Nigerians through the Naira redesign policy, which it said has also put the economy in danger.
Speaking through its Speaker, Mr Mudashiru Obasa, the Lagos Assembly commended the National Assembly for putting pressure on the Governor of the CBN, Mr Godwin Emefiele, to ensure that Nigerians would still be able to take their old currency notes to the banks after the current deadline of February 10, 2023.
At the plenary on Tuesday, legislators in the state parliament noted that even though the policy was a good one, its timing was wrong as it had further thrown the country into economic chaos, which could become difficult to resolve if urgent steps are not taken.
Mr Obasa noted that the concern of the lawmakers had to do with the pains, anguish and anger spreading among Nigerians over their inability to access the new currency.
“Economists have said most times you cannot use new currency to control inflation, it doesn’t achieve the purpose most times,” Mr Obasa said, adding that the intention of the policy, as claimed by CBN, had been defeated owing to the various complaints from experts and people across the country.
The Speaker said the CBN should have engaged stakeholders while citizens should have been adequately carried along rather than an ‘overnight’ policy by the apex bank.
“There are people in the rural areas. It is obvious that the additional 10 days are not even going to be enough.
“The idea is a good one, but the way it is being implemented will have an adverse effect on the people.
“We need to commend the National Assembly for showing quality representation and prompt action to intervene for an extension of the deadline,” he noted.
The Speaker said that in other countries, old currencies are not discarded in a rush but allowed to fade out of the system gradually.
Mr Rotimi Olowo, the lawmaker representing Somolu Constituency 1, who moved the motion, sought an extension of the deadline till July 2023 in line with the resolution of the National Assembly while noting the suffering the policy had brought on Nigerians.
He complained about the unavailability of the new notes and the effect on the people, including small business owners and those in rural areas.
Contributing to the motion, the chairman of the House Committee on Public Account, Mr Saka Solaja, argued that financial policies are not implemented the way the CBN had gone about the Naira redesign.
“We see videos of people beating themselves mercilessly at ATMs, yet there is no money,” he lamented while supporting the call for an extension of the deadline by the CBN.
On his part, Mr Richard Kasunmu argued that the timing of the policy was not right, especially as the country was still grappling with challenges of effective internet connectivity.
He recalled how he spent five hours a day earlier trying to make an electronic transfer of N55,000 to resolve an emergency situation.
“We should be looking at the larger Nigerian people. If we want to survive the Nigerian economy, this should not be a good time for such policy,” he said.
On his part, Mr Victor Akande stressed that Mr Emefiele breached a part of the CBN Act concerning the policy, while his colleague, Mr Setonji David, noted that, “All over the world, CBN governors are economists, not bankers like Emefiele.
“Our people are suffering, and the money can’t be found at the ATMs. If you go to the ATMs, you would see how people are struggling,” he lamented.
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