THURSDAY, 3.20PM
MORE than 78 million shares worth R1,3bn were traded in a busy day on the JSE today.
The market took a dip following a global trend, and local traders were nervous about what Wall Street would do.
There were indications the US markets were heading for another nosedive. The all share index closed 128 points lower on 6295, the industrial index 142 points down on 7825 and the financial index 155 points weaker on 9058.
WEDNESDAY, 5.30PM
STOCKS made a recovery on the JSE on Wednesday, but managed to claw back only around half of yesterday’s record losses. The all share index closed 385 points stronger on 6392. Ironically, this was another record day in the midst of chaos: the highest single day gains in the history of the JSE, and a record number of trades.
But brokers remain cautious, and no-one is willing to predict that the worst is over yet, following more volatility on Wall Street.
The gold index climbed 16 points to end the day at 877, the industrial index finished 499 points up on 7932 and the financial index 578 points better at 9168.
Bonds also ended the day stronger, but lost most early morning gains in a volatile market marked by heavy volumes. The benchmark R150 long government bond closed at a 14,56% yield from 14,80% on Tuesday. The R153 bond finished at a 14,65% yield from 14,86% before.
The rand ended the day in a slightly better position. At 4pm it was at R4,8055 to the dollar from Tuesday’s close of R4,8250 and at R8,0042 to the British pound from R8,1703 late on Tuesday.