Nedgroup Investments has revealed the best-performing shares over the last year, with one increasing by over 50%. South African equities have had a challenging year. JSE data showed that there were R116 billion in net outflows of equities from January to September this year. Although not to the same extent as the JSE’s data, the Institute of International Finance (IIF) said that non-resident investors were net sellers of $0.8 billion (R14 billion) worth of equities by October. Despite the overall struggles, some companies saw major growth in their share prices. Using the SWIX 40, the latest Nedgroup Investments’ Pulse said that gold mining company Goldfields was the best performer up until 30 November 2023, with an increase of 51.1% over the previous year amid a strong gold price. This was followed by Johann Rupert’s Richemont (45.7%) and Naspers (31.8%). In November alone, the best-performing share was Amplats, with an increase of 27.8%. Several companies in the platinum group metal (PGM) sector have been hit hard this year, with the price of platinum and palladium dropping roughly 10% and 40%, respectively. The best-performing shares can be found below: Best Yearly: Company Change Goldfields51.1%Richemont45.7%Naspers31.8%Aspen30.5%Bidcorp23.9%Prosus23.7%Sanlam20.9%Ab Inbev19.5%Anglogold18.2%Investec Plc16.2% Best Monthly: CompanyChangeAmplats27.8%Naspers19.4%Prosus19.4%Capitec holdings18.5%Investec Plc18.4%Investec Ltd18.1%Nepi-rockcastle15.2%Goldfields14.6%Mr Price14.0%MTN13.1% Worst However, the tough local and global economic environement hurt several companies, with several miners feeling the pain. Implats was the worst performer, with a drop of 63.4% over the year. Sibaye was the second-worst performer over the year (-55.4%) and the worst performer in November (-13.0%). Despite being the best performer in November, Amplats was the third worst performer over the year (-53.6%) Several companies in the platinum group metal (PGM) sector have been hit hard this year, with the price of platinum and palladium dropping roughly 10% and 40%, respectively. The worst-performing shares can be found below: Worst Yearly: CompanyChangeImplats-63.4%Sibanye-55.4%Amplats-53.6%Mc Group-43.1%Northam-38.0%Sasol-30.0%MTN-26.9%Anglo-25.8%Growthpoint-25.4%Vodacom-22.9% Worst Monthly: CompanyChangeSibanye-13.0%Sasol-11.3%Bidvest-10.6%Vodacom-4.4%Mc Group-3.1%Old Mutual-3.0%Woolworths-2.7%Implats-1.4%Exxaro0.4%Remgro0.8% Read: Alarm bells for South Africans earning more than R20,000 a month
Full Story Source: Top performing shares in South Africa this year – BusinessTech
