In rand terms, the JSE finished 2022 almost exactly where it ended 2021. The benchmark Top 40 index – the one that really counts – finished last year at 66,955.5. On the last trading day of 2021, it ended at 67,129.53, a loss of 174 points over the course of 2022, which is a difference of 0.25%.
The MSCI All-Country World Index of stocks fell about 20% in 2022, its worst year since 2008 when it lost almost 42% of its value. It tracks equities in 23 developed economies and 24 emerging markets, including South Africa, making it as good a comparison as any for the JSE. Europe’s STOXX 600 saw 12% of its value evaporate in 2022 but the FTSE 100, despite the continuing fallout from Brexit and other sideshows in the Monty Pythonesque circus that is British politics, managed to pull off a small annual gain – about 1% – almost mirroring South Africa’s Top-40.
Oil and coal prices put in huge gains in 2022 – mostly because of Russia’s invasion of Ukraine – though the Brent Crude price ended the year only slightly higher than where it was at the end of 2021 and a slowing global economy may not bode well for oil prices in 2023. Coal prices by contrast held most of their gains, more than doubling over the year, and may have some steam in the pipeline yet as Europe seeks alternative sources to Russia for its energy needs.
𝐈 𝐚𝐦 𝐡𝐚𝐩𝐩𝐲 𝐬𝐡𝐚𝐫𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐡𝐞𝐫𝐞, 𝐣𝐮𝐬𝐭 𝐰𝐢𝐭𝐡 $𝟏𝟎𝟎𝟎 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐞𝐚𝐫𝐧𝐞𝐝 𝐦𝐞 $𝟏𝟏,𝟏𝟎𝟎 ,in Just 3_days 𝐭𝐡𝐢𝐬 𝐢𝐬 𝐚𝐧 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐲𝐨𝐮 𝐜𝐚𝐧’𝐭 𝐚𝐟𝐟𝐨𝐫𝐝 𝐭𝐨 𝐦𝐢𝐬𝐬. 𝐓𝐡𝐚𝐧𝐤 𝐲𝐨𝐮 Reyes_martha_FX