Most asset classes depreciated in value during a month where tariff negotiations and European political instability caused investors to be wary.
Consequently,the Equity market declined by 3.5% whilst the Listed Property market fell 5.9%, Bonds lost 2,0% whilst the Rand weakened by 1,5% ,cash yielded 0,5%.
The Only Equity market sector that delivered positive return was Resources,ending the month 4.8% up. This is in stark contrast to the industrial and financial sectors that lost 5,1% and 6.7% respectively.
Given the large difference in sector returns,it is no surprise that Resource companies are mostly the top performers amoung the Top 40.
The Top tree was BHP Billiton(8.6%), Sappi (4,2%) and Anglo American (2.1%). The worst performing shares were local retailer -Truworths (-18,0%), Bidvest Group (-17,6%) and Imperial(-15.1%)