African Bank Investments Limited

 

JSE firm ahead of futures close-out

Nicole Rego

The JSE continued on its upward path by midday on Thursday, unaffected by surprisingly better PPI data but encouraged by the futures market close-out. By 1158am, the JSE's all-share index had improved 0,83%. The platinum mining index climbed 3%, and the gold mining index added 0,94%,

JSE dips further into the red

Nicole Rego

The JSE was lower at midday on Tuesday, playing catch-up after the public holiday on Monday when there was weakness in global equity markets. By 12.04pm, the JSE's all-share index had pulled back 2,38%. The gold mining index fell 3,31%, resources lost 3,21% and the platinum mining index gave up 3,16%.

JSE slowly lifts on back of BHP announcement

Nicole Rego

The JSE started to show a slight turnaround on Monday as a renewed announcement by BHP Billiton added some buying interest among resource stocks. By midday, the JSE's all-share index lifted 0,3% as resources collected 0,79%. However, the gold and platinum mining indices pulled back 0,91% and 1,4% respectively.

Abil lifts full-year earnings by 20%

Staff Reporter

South Africa's biggest mass-market lender, Abil, increased headline earnings per share for the year to end-September by 20%, and said on Monday it was confident of reaching its financial goals in the current financial year. African Bank Investments Limited said headline EPS was 268,4 cents while headline earnings rose 20% to R1,334-billion.