JPM-南美市场研究报告 2010.Image.Marked.pdf

South Africa Equity Research 02 March 2010 South African Markets Asset Class Performance - February 2010 February 2010 Deanne GordonAC (27-21) 712-0875 • In rand terms, the South African equity market (ALSI) showed a marginal deanne.gordon@ growth of 0.4% over February. MSCI World and EM indices gained 2.6% and J.P. Morgan Equities Ltd. 1.5% respectively. The ALSI posted a US$ return of -0.8%, while global and emerging equities gained 1.4% and 0.4% respectively. South African bonds (ALBI) gained 2.0% over the month (+0.8% in US$). • Technology (10.0%), Consumer Services (6.6%) and Health Care (3.3%) were Performance — February 2010 the best-performing industry groups over the month. Consumer Goods was the Total return, rand, % worst-performing group, posting a total return of -3.2%, followed by Oil Gas (-1.8%) and Basic Materials (-0.4%). MSCI Wld 2.6 ALBI 2.0 • Within the equity sectors, Industrial Transport (12.4%), Industrial Metals (11.1%