Author

 
Nicole Rego

Nicole Rego

    JSE seen consolidating at noon
    JSE seen consolidating at noon
    The JSE remained firm by midday on Friday, with a trader saying that the market was consolidating after hitting record levels earlier this week. Starting from Wednesday, the bourse had two consecutive days of hitting all-time highs, but failed to close at its record peak of 32 130,75 points.
    World markets, resources push JSE over 32 000
    World markets, resources push JSE over 32 000
    The JSE was trading just off its new record high by midday on Thursday as world markets and resources continued to add support. In the morning session, the bourse broke through Wednesday's record and hit a fresh high of 32 127.051 points. By midday, the all-share index had gained 0,8% to 32,112,15 points.
    JSE toys with all-time high
    JSE toys with all-time high
    The JSE kept toying with an all-time high by midday on Wednesday as resources continued to fuel the bourse. By noon, the JSE's broader all-share index had risen 1,02% to 31 600,360 points. It reached an intra-day high of 31 700,350 points earlier, just off its all time high of 31 728,180 points hit in October last year.
    JSE firm as resources buoy market
    JSE firm as resources buoy market
    Resource counters were buoyed by higher commodity prices on Tuesday, which continued to keep the JSE firm by midday trade. By 11.56am, the JSE's broader all-share index had lifted 0,64%. The platinum-mining index advanced 2,41%, resources collected 1,26% and the gold-mining index was up 0,55%.
    World markets continue to burden JSE
    World markets continue to burden JSE
    World markets were dampened by negative earnings reports from the United States on Monday, causing the JSE to pull back sharply. By midday, the JSE's broader all-share index had fallen 1,48%. The banking index pulled back 2,51% and financials retreated 1,41%.
    Overseas markets add support to JSE
    Overseas markets add support to JSE
    Firmer global equities started to give the JSE support during the morning session on Friday, lifting the broader all-share index 0,91% by noon. Traders said that resource counters were also underpinning gains in the Alsi. By midday, the JSE's resources index collected 1,59%. The platinum-mining index strengthened 3,07% and the gold-mining index advanced 1,25%.
    JSE quiet ahead of MPC decision
    JSE quiet ahead of MPC decision
    The JSE remained quiet by midday on Thursday as investors waited anxiously for the local monetary policy committee's (MPC) rate decision at about 3pm. The consensus is for an unchanged repo rate at 11%, according to a survey of leading economists.
    Billiton talk helps JSE advance
    Billiton talk helps JSE advance
    Talk of China's interest in a stake in BHP Billiton has sent the resources index northward and, in turn, helped the JSE advance further by midday on Wednesday. Dow Jones newswires said that the Australian reported in its Wednesday edition China is in the early stages of planning to buy a stake in miner BHP Billiton.
    JSE still down, eyes Thursday's rates decision
    JSE still down, eyes Thursday's rates decision
    The JSE was still a touch in the red by midday on Tuesday, with investors growing nervous ahead of Thursday's local rate decision. By noon, the JSE's broader all-share index was 0,47% in the red. Resources gave up 0,67% but the gold- and platinum-mining indices gained 0,38% and 1,19% respectively.
    Resources gain momentum, drive JSE up
    Resources gain momentum, drive JSE up
    Resources continued to gain momentum from the morning trade session, driving the JSE further into positive territory by midday on Monday. By noon the JSE's broader all-share index had advanced 1,72% as resources were up 2,92%. The platinum-mining index climbed 0,94% while the gold-mining index edged up 0,04%.
    Anglo, BHP Billiton prop up JSE
    Anglo, BHP Billiton prop up JSE
    Resource heavyweights Anglo American and BHP Billiton -- which make up a substantial portion of the JSE -- helped the bourse extend its gains by midday on Friday, traders said. By noon, the JSE's broader all-share index had lifted 1,21%. Resources collected 1,83%, and the platinum mining index was up 0,8%, but the gold mining index decreased 1,34%.