The JSE was slightly higher in noon trade on Tuesday, with stocks such as gold counters bouncing after being sold off in late Monday trade. The market remained nervous, however, which made for light volumes. By 11.59am, the all-share index was up 0,24%. Resources rose 0,29%, the gold-mining index rebounded 1,07% and the platinum-mining index climbed 0,86%.
After rallying to another record high at the opening, the JSE surrendered its gains on Monday morning due to profit-taking, primarily in the resources sector. Heavyweights Anglo American and BHP Billiton had turned negative in London and the gold price had also come off its highs.
The JSE was in negative territory in noon trade on Tuesday, dragged down by widespread profit-taking. Weakness in heavyweight dual-listed stocks offshore further weighed on the local bourse. By 12.04pm, the all-share and all-share industrial indices shed 0,5% and 0,51% respectively.
The JSE was marginally firmer at midday on Monday, with heavyweight resources stocks keeping its head above water. Losses were seen in financials and industrials, however, and decliners outnumbered advancers on the all-share index by about three to two. By 12.10pm, the all-share index was up a marginal 0,04%.
The JSE had bounced into the black by noon on Friday, led by resources heavyweights Anglo American and BHP Billiton, which were up in London. A recovery in the gold price also helped the local bourse. By 12.01pm, the all-share index added 0,29%. Resources rose 0,7% and the platinum-mining index climbed 0,39%, while the gold-mining index was flattish (-0,04%).
The JSE was slightly stronger in noon trade on Thursday, with a rampant bullion price boosting gold stocks. Selling of resources heavyweights BHP Billiton and Anglo American pared the bourse’s gains, however. By 11.58am, the-all share index was up a marginal 0,09% at 21 118,77. It earlier touched a record high of 21 184,381.
The JSE’s all-share index was looking strong in noon trade on Wednesday after breaking above the 21 000 level for the first time in opening trade. The bourse was supported by global markets and commodity prices, and the negative effect of a stronger rand was minimal.
The JSE was on the advance in noon trade on Tuesday, with rampant commodities prices driving resources stocks higher. Futures-related activity saw buying spread to the rest of the market, making for across-the-board gains. At 11.58am, the all share index was up 1,38%.
The JSE was weaker just before noon on Wednesday with weakness on world markets encouraging profit-taking. A pullback in metals prices, several of which reached record highs on Tuesday, exacerbated the negativity. By 11.57am, the all-share index shed 1,07%. Resources retreated 2,02%, the gold-mining index tumbled 2,64% and the platinum-mining index eased 0,28%.
The JSE was weaker just before noon on Friday, dragged down by resources heavyweights Anglo American and BHP Billiton, which were weaker in the United Kingdom. Some pre-weekend profit-taking was also being seen, dealers said. By 11:53am, the all share index shed 0,25%, while the resources and platinum mining indices retreated 1,19% and 1,99% respectively.