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ECONOMY: JSE Equity Market Posts New Trading Record

 



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Yesterday the JSE’s Equity Market recorded an all-time high in value traded of R64.32 billion. This record came on the last day of trading in shares of the JSE stalwart SABMiller (JSE:SAB) and surpassed the previous record high of R61.42 billion posted on 17 March this year.

“The JSE is proud that we can offer investors high levels of liquidity and a safe and technologically sound platform that can process such high levels of trade over a sustained period,” says Leanne Parsons: Information Services at the JSE.

Earlier this week the JSE introduced a series of Equity market enhancements to allow market participants to buy and sell large blocks of shares (bulk trades) and to trade anonymously within the best bid and offer without interference. These enhancements allow large institutions to execute large trades faster and with greater ease given the reduced number of transactions necessary to execute large trades.

Trading in SABMiller shares is currently suspended and it will be delisted from the exchange on 4 October following its merger with global brewing giant. Anheuser-Busch Inbev (JSE:ANB). Its suspension has resulted in Impala Platinum (JSE:IMP) replacing SABMiller in the JSE Top40 Index. Anheuser-Busch Inbev does not currently qualify to make any JSE indices and cannot be considered until the next index review. It will need at least 1% of its total shares to be held on South Africa at the end of October in order to qualify for index inclusion.


 
 
 
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