The JSE managed to rise on Friday morning, swimming against a tide that saw Tokyo’s benchmark Nikkei 225 close 0.31% lower. Whereas the JSE will open on Monday until noon before closing for the New Year holiday, it was the last trading day of 2018 in Japan, fixing the Nikkei 225 index’s loss for the year at 12.1%. This marked the first annual loss for Japanese stocks since 2011. For South Africans invested in Tokyo-listed blue chips via Sygnia’s MSCI Japan index, the loss in rand has been a less severe 1.87% over the year.

Of the geographic regions offered by Sygnia’s range of exchange-traded funds, Europe has been down worst with a 7% drop, followed by the UK with a 2.8% drop. Local investors in the MSCI US index tracker have gained 7.66%, and in the S&P 500 tracker have gained 7.17%. Shares that helped the all share index edge up 0.3% at 9.45am on Friday included Sibanye-Stillwater, which rose as much as 3.8% to R9.89. Sibanye issued a statement on Thursday saying it is no l...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now