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%.
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/ 28 January 2008
A pull back in global equity markets as well as local concerns about power-supply shortages continued to keep the JSE at weak levels by midday on Monday. By noon, the JSE’s broader all-share index was down 2,79%. Banks pulled back 3,89% and financials were off 2,55%. The platinum-mining index gave up 3,65% and the gold-mining index weakened 1,11%.
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/ 24 January 2008
Bargain hunting among global equity markets underpinned a solid performance on the JSE on Thursday, lifting it by 3,3% at noon. By the same time, resources had collected 4,74%, the platinum-mining index advanced 5,1% and the gold-mining index added 1,51%. Industrials perked up 2,25%, financials gained 2,2% and banks were 2,07% higher.