With the overall market ending 2022 broadly flat, last year the money was made with stockpicking. Moneyweb investing
With the overall market ending 2022 broadly flat , last year the money was made with stock picking. In dollar terms, the JSE All Share Index was down 7.3% in 2022 . Needless to say, a calendar year is simply an arbitrary measurement of time – different conclusions can be reached by analysing a different time period. For example, Naspers was up by nearly two-thirds in the last nine weeks of the year.
It would be tempting to say that Anglo American’s bankers mispriced these assets when they were spun out of the group . To be fair, they could not have predicted that global coal prices would quadruple over the last two years. Biggest losers On the opposite end, Steinhoff, Murray & Roberts and Nampak all endured disastrous years, with declines in excess of 70%. These were former market darlings, as detailed in this Moneyweb analysis.
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