The PLS Index (J256) and PUT Index (J255) recorded total returns of 4.40% and 4.72% respectively over the same period. During the month, the yield on the R157 weakened from 8.73% to 8.98% on the back of higher than expected CPIX figures for the month of January 2008 and fears of a recession in the United Sates. Capital markets are pricing in an 80% chance of the MPC further increasing the Repo Rate by 50bps at its next sitting in April. The uncertainty regarding the broader macro-economic environment combined with US recession fears has perpetuated the volatility in the market during the month and it appears that this will continue in the short to medium term....
Publisher: eProp
Source: Catalyst
The SA Listed Property Index (J253) recorded a total return of 4.46% in February 2008 recovering some of the 11.19% lost during the previous month.
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