The JSE was higher in noon trade on Wednesday as buyers returned to the market, which pulled back on Tuesday following its rally to successive record highs. Dealers said the strength was primarily the result of positive sentiment, which was further enhanced by the release of better-than-expected consumer inflation data at 11.30am.
The JSE Securities Exchange’s (JSE) all-share index broke above the tempting 15 000 level for the first time on Friday, fuelled by continued demand for South African equities. Expectations of solid corporate results enhanced already positive sentiment. By 11.48am, the all-share index was up 0,54% at 15 002,06.
The JSE Securities Exhange (JSE) continued to break new ground, pressing to a record high for the eleventh day this month on Thursday on continued demand for South African equities. The gains came despite a stronger rand. At 12.04pm, the all-share index was up 0,36% at 14 932,4 after earlier trading as high as 14 953,09.
The JSE was weaker just before noon on Wednesday due to profit taking following the bourse’s strong run earlier in the week. A slightly firmer rand exacerbated the negativity. By 11.54am, the all share index shed 0,35%. Industrials lost 0,71%, financials fell 0,57% and the banks index was 0,67% in the red.
The JSE Securities Exchange (JSE) was stronger in noon trade on Tuesday as SABMiller’s announcement before the opening that it was acquiring a controlling interest in Bavaria in Latin America lifted traders’ spirits. Dealers said that while there were pockets of profit-taking on the bourse, overall sentiment remained positive.
The JSE was mixed, but nevertheless marginally higher, at midday on Wednesday after reaching another record high earlier in the morning. Dealers said that the rand was playing a key role, weighing on gold and platinum stocks, but benefiting banks.
The JSE continued to press on to record highs on Tuesday despite heavyweight resources stocks being dragged down by a stronger rand. Banking group FirstRand led the upside on a mediareport that it could be the target of a takeover by Citigroup.
The JSE Securities Exchange (JSE) rallied to a new high on Friday morning, boosted by futures-related buying. A softer rand further helped the local bourse. By 11.57am, the all-share index added 0,94% to 14 435,98, having touched a lifetime high of 14 438,06 a few minutes earlier.
The JSE was just marginally weaker just before midday on Wednesday in extremely quiet trade. Dealers said that while rand hedge stocks were lower on the back of the firmer currency, there was nothing to give the rest of the market direction. At 11.53am, the all share index was down a neither-here-nor-there 0,04%.
The JSE Securities Exchange (JSE) was flat in noon trade on Tuesday, having surrendered earlier gains in a late-morning sell-off. Dealers said that it had been a quiet morning on the local bourse, which had been mostly mixed and order driven. By 11.58am, the all-share index was flat at 14 310,69.