Trading Volumes Dwindle as South Africa's Policy Risks Mount
- Average stock volumes have almost halved since January
- Policy uncertainty deterring stock investors, JSE says
Photographer: Dean Hutton/Bloomberg
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Trading volumes on Africa’s biggest stock exchange have dwindled amid uncertainty about the ruling party’s policies on land and mining ahead of elections set for next year.
The average daily volume of shares traded on the Johannesburg Stock Exchange in the past month fell to 247 million on Wednesday, from as high as 408 million in January, according to data compiled by Bloomberg. On Monday, only 151 million shares changed hands, the lowest number since Jan. 2, when South Africa was in the midst of annual summer holidays.