Incorrect calculation of non-resident statistics: JSE

The JSE said yesterday that it had come to the bourse’s attention that due to a programming error affecting the manner in which it extracts statistical data from its core transactional systems, the non-resident (foreign trading) statistics for the Equity Market for the period 31 May to 20 July 2016, were incorrectly calculated.

The programming error was corrected on 21 July 2016 and daily reports received from 22 July 2016 are accurate as is the source data.

The correct non-resident statistics for the period are: May 2016 (net sales of R16.1 billion); June 2016 (net sales of R20.3 billion); July 2016 to date (net purchases of R0.05 billion). This compares to the previously published non-resident statistics of the same period: May 2016 (net purchases of R6.4 billion); June 2016 (net purchases of R63.8 billion); July 2016 to date (net purchases of R27.9 billion).

Updated statistics will be available on its website at https://www.jse.co.za/trade/equity-market/non-res by 17:00 on 25 July 2016. Subscribers will receive corrected statistics on 25 July 2016.

“We have taken immediate steps to correct the statistics and we are considering additional measures to avoid a reoccurrence. We recognise the importance of this data to all stakeholders and apologise for the miscalculation, says Leanne Parsons, Director Information Services at the JSE.

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