/ 17 August 2007

JSE reports record trade volumes

The JSE recorded the highest number of trades and highest value of trades in its 120-year existence this week, the company said on Friday.

It said a total of 80 268 equity trades to the value of R20,4-billion were recorded on Thursday.

The latest records came after strong revenue growth recorded for the JSE for the interim six months to June 30 this year, in which record volumes were recorded in the exchange’s main three markets.

”In spite of the financial markets taking a hammering both locally and internationally recently, the JSE as a company stands to gain as long as trade continues, whether the market is going up or down,” said JSE CEO Russell Loubser.

The previous record of volume was about 78 000 trades at the June 2007 futures close-out, and the previous record for value was during June last year. — Sapa