The Ewing Trust Quarterly News
The JSE All Share ended this quarter lower than the previous quarter, in line with a global selloff in most equity markets.
The financial year ending in February saw an increase in volatility and a return to risk-off investment strategies in global and local markets.
The Johannesburg Stock Exchange ended strongly at 70475. This has been underpinned by a number of companies re-instituting dividends and declaring significantly better results than 2020.
Our Blue Chip South African-focused companies have performed satisfactorily and those with strong balance sheets and good cash flows have come to the fore in terms of investor focus.
The rand has shown significant gains on the strong back of favourable commodity prices and strong JSE returns have been encouraging.
Resources are particularly strong with mines experiencing a resurgence in demand as global growth and consumption return.