Alison Maltz
Guest Author
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/ 25 February 2005

Rand, world markets buoy JSE

The JSE Securities Exchange (JSE) was firmer at noon on Friday, buoyed by a weaker rand and strong performances by heavyweight dual-listed stocks offshore. Volumes were light, however, with value traded well below the R1-billion mark. At 11.56am, the all-share index was up 0,32% at 13 351,3. It touched a highest-to-date 13 370,67 at the opening.

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/ 23 February 2005

Anglo, world markets drag JSE down

The JSE Securities Exchange (JSE) was weaker at midday on Wednesday, dragged down by resources heavyweight Anglo American, which released below consensus results, and weaker world markets. Dealers said that the market’s focus was on Minister of Finance Trevor Manuel’s 2005/06 Budget speech at 2pm.

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/ 23 February 2005

Markets to keep close eye on Budget

<img src="http://www.mg.co.za/ContentImages/197779/special_rep_icon_template.gif" align=left>When Minister of Finance Trevor Manuel unveils the 2005/06 Budget on Wednesday, he will be closely watched by South African financial markets. However, with major surprises unlikely, market analysts are divided on how much effect the Budget is likely to have.

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/ 10 February 2005

JSE a tad softer on firmer rand

The JSE Securities Exchange (JSE) was slightly softer in noon trade on Thursday, with a firmer rand and weaker world markets taking the edge off the local bourse. Banks and gold miners led the market’s upside, continuing Wednesday’s recovery from an oversold position. At 11.58am, the all-share index was down 0,27%.

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/ 4 February 2005

Lack of drivers leaves JSE flat

The JSE Securities Exchange (JSE) was flat in noon trade on Friday, with no major drivers to give it direction. Dealers said that it was a typical Friday, with no real interest in the market. By 11.56am, the all-share index was a neither-here-nor-there 0,07% weaker. Resources were 0,41% in the red.

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/ 3 February 2005

Reversal of fortunes leaves JSE flat

The JSE Securities Exchange (JSE) was flat at midday, with resources falling prey to profit-taking after their phenomenal run over the previous two days and banks bouncing from an oversold position. A weakening in the rand pared resources counters losses, dealers said. At 12.05pm, the all-share and gold-mining indices were flat.

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/ 1 February 2005

JSE rallies to new high as rand slumps

The JSE Securities Exchange (JSE) raced to a record high of 12 904,090 on Tuesday morning when a weaker rand fuelled a rally in heavyweight resources stocks. The currency had the opposite effect on banks, which led the market’s downside. At 11.59am, the all-share index was up 0,52% at 12,865,220.

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/ 31 January 2005

Rand, world markets boost JSE

The JSE Securities Exchange was showing strength across the board at midday on Monday, bolstered by a weaker rand and firmer world markets. On the whole, sentiment towards equities was bullish, dealers said. By 12.08pm, the all share and all share industrial indices both added 0,71%.

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/ 27 January 2005

JSE extends gains on bullish sentiment

The JSE Securities Exchange (JSE) extended its winning streak into a second day on Thursday, with firmer United States markets overnight and better-than-expected producer inflation (PPI) data released at 11.30am boosting sentiment. By 12.06pm, the all-share index added 0,64% and the all-share industrial index strengthened 0,69%.

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/ 19 January 2005

Widespread selling knocks JSE

The JSE Securities Exchange (JSE) was a red deluge in noon trade on Wednesday as the profit-taking seen over the previous two days continued. A recovery in the rand to R6 per dollar added to the negative picture and decliners outnumbered advancers on the all-share index by about five to one.