The JSE Securities Exchange was slightly weaker just after noon on Thursday, with a stronger rand against sterling weighing on London-listed resources heavyweights Anglo American and BHP Billiton. Gold stocks glistered, however, despite getting little help from the gold price.
The JSE Securities Exchange was higher at midday on Monday, with bullion’s break above the $440 an ounce level, lending a shine to gold stocks. Broadly positive sentiment was underpinning the local bourse, dealers said. By 12.01pm, the gold mining index gained 1,1%. The all share and all share industrial indices added 0,23% and 0,32% respectively.
The JSE Securities Exchange was weaker in noon trade on Wednesday on the back of selling ahead of the afternoon’s futures closeout. The losses came despite a weakening in the rand from levels seen earlier in the day. At 12.1pm, the all share index was down 0,31%.
The JSE Securities Exchange (JSE) was firmer at midday on Wednesday, with a softer rand giving heavyweight resources and dual-listed stocks a lift. By 11.57am, the all-share index added 0,6%. Resources rallied 1,42%, the gold-mining index jumped 2,49% and the platinum-mining index perked up 0,88%.
The JSE Securities Exchange (JSE) was weaker at midday on Tuesday as players took profits after the bourse’s rally to a record high on Monday. The losses came despite the rand, which was trading at its worst level against the dollar in more than eight months. By 12.08pm, the rand was quoted at R6,72 per dollar.
The JSE Securities Exchange continued to break new ground on Monday, led by heavyweight resources stocks. However, with markets in the United Kingdom and United States closed, the gains came on extremely light volumes. By 11.51am, the all share index added 0,71%. Resources rallied 1,23%, the gold mining index jumped 2,9% and the platinum mining index climbed 0,53%.
A call by the Congress of South African Trade Unions (Cosatu) that steps be taken to weaken the rand has met with mixed reaction from economists. The call, coupled with a softer euro, saw the rand break above R6,60 per dollar for the first time in more than seven months on Thursday afternoon.
The JSE Securities Exchange (JSE) was looking strong in late morning trade on Thursday, led by resources heavyweights Anglo American and BHP Billiton, which were both up in London. Volumes were relatively light and dealers said that the JSE was merely following European markets.
The JSE Securities Exchange was flat at noon on Wednesday, with no drivers to give it direction. Dealers said that the market had been fairly quiet and the majority of moves stock specific. By 12.02pm, the all share (-0,03%) and all share industrial indices were flat, while the financial and banks indices firmed 0,67% and 0,84% respectively.
The JSE Securities Exchange (JSE) was higher in noon trade on Thursday, taking its cue from stronger world markets. However, overall gains were pared by a stronger rand, which took resources into the red. By 11.57am, the all-share and all-share industrial indices added 0,18% and 0,33% respectively.