Firmer world markets helped keep the JSE in the black by midday on Monday, offsetting losses in the gold-mining index that were sparked by negative news from Gold Fields. Gold Fields's share price weakened R2,81, or 2,43%, to R112,75 after it earlier reported that the current electricity crisis puts 6 900 Gold Fields jobs at risk.
The JSE recouped some of its earlier losses, but remained lower at midday on Friday on hopes that United States jobs data due out later in the day would support a case for another rate cut in the US. The local bourse was down more than 340 points in early trade following similar drops overseas stemming from renewed US subprime housing-market concerns.
The JSE was in negative territory in noon trade as players took profits ahead of the Easter weekend. Dealers said that the Bank of England's interest rate decision later in the day and the release of United States non-farm payrolls numbers on Friday were also making for a nervous market.
The JSE was marginally higher in noon trade on Friday, lifted by resources stocks. The market was quiet, however, and lacked clear drivers. By 11.58am, the all-share index added 0,21%. Resources rose 0,77%, although the gold- and platinum-mining indices were off a modest 0,04% and 0,08% respectively.
The JSE was powering ahead in noon trade on Thursday fuelled by stronger world markets and higher commodity prices. News of a wider-than-expected current-account deficit -- which stoked fears of future interest-rate hikes -- and a stronger rand did little to slow the JSE's ascent.
The JSE remained in positive territory just before noon on Tuesday having pushed up strongly at the opening on the back of solid performances by United States and Asian markets. However, the bourse was off its highs due to a strengthening in the rand and an easing in its European counterparts.
The JSE was looking strong across the board just before midday on Monday, taking its cue from its European and Asian counterparts. Higher precious metals prices gave the bourse a further boost. By 11.56am, the all share index added 1,32%. Resources rose 1,61% and the gold and platinum mining indices jumped 1,8% and 2,39% respectively.
The JSE was marginally weaker in noon trade on Friday following a choppy morning's trade during which the bourse tried to find its feet following Thursday's futures close-out. The market was relatively quiet and just over R2-billion-worth of shares had changed hands.
The JSE was in positive territory in just before noon on Thursday, buoyed by the rebound in global markets. Futures buying, related to the close-out that was about to begin at noon, added impetus to the move. At 11.52am, the all-share index was up 2,01%. It tumbled 2,33% on Wednesday after concerns about the sub-prime mortgage market in the US rocked world markets.
The crisis in the United States sub-prime mortgage market was the hot topic on the JSE just after midday on Wednesday as the local bourse, together with its global counterparts, followed Wall Street south. With commodities also taking strain, the local bourse was hit by a double whammy.
The JSE was in positive territory in noon trade on Tuesday boosted by futures-related buying ahead of Thursday's close-out. A weaker rand was also assisting the local bourse, dealers said. By 12.03pm, the all share index added 0,4%. Resources rose 0,69%, the gold mining index mining index gained 0,91% and the platinum mining index perked up 0,32%.