The JSE was weaker in noon trade on Tuesday, taking its cue from European markets. The losses came on fairly light volumes. By 12.17pm, the all-share index shed 0,89%. Industrials and financials fell 0,46% and 1,05% respectively, while the banks index slid 1,64%.
The JSE was in positive territory in noon trade on Friday, boosted by a turnaround on world markets and a bounce in precious metals prices. While dealers were not convinced the strength would last, it was nevertheless welcomed after the recent weakness.
The JSE was back in the red in noon trade on Wednesday, with weakness in global markets preventing it from building on Tuesday’s bounce. A weaker rand helped stem the bourse’s losses. By 12.10pm, the-all share and all-share industrial indices shed 1,04% and 1,02% respectively.
After its 2,76% fall on Monday, which capped seven days of losses, the JSE was back in the black in noon trade on Tuesday, supported by a more positive global picture and a recovery in commodity prices. The market remained cautious, however, due to uncertainty as to whether the recovery would be sustained.
While still in the red, the JSE was well off its lows at midday on Monday following a slight recovery in commodity prices. The all share index nevertheless remained below the psychological 20 000 level. By 12.07pm, the all share index was 1,16% softer at 19 966,02 after earlier touching a low of 19 784,02.
After being up over 1% at one stage, the JSE was well off its highs just before noon on Friday due to selective offshore selling of heavyweight stocks. Volumes were fairly light, which contributed to the market’s volatility. By 11.55am, the all share index was up 0,25%.
The JSE remained in the red in noon trade on Thursday after plunging at the opening following a sell-off on world markets overnight. The bourse was off its lows, however, helped by bargain hunting as well as strength in heavyweight resources stocks in London.
After two down days, the JSE bounced into the black on Wednesday boosted by a recovery in precious metals prices. Stronger Asian markets and a stabilisation in the rand further helped the local bourse. At 11.53am, the all share and all share industrial indices were up 0,74% and 0,77% respectively.
The JSE was weaker in noon trade on Friday following a sell-off on world equity markets. The local bourse fared much better than its global counterparts, however, because a sharply weaker rand and higher precious metals prices limited its losses. By 11.55am, the all-share and all-share industrial indices shed 0,65% and 0,62% respectively.
The JSE reached a new high on Wednesday, buoyed by rampant precious metals prices. Players were jittery, however, on concerns that the market was ripe for a correction after a phenomenal run.