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/ 18 January 2005
The JSE Securities Exchange (JSE) was in the red at midday on Tuesday on the back of weaker world markets and a rotation out of banking and cyclical industrial stocks. Resources posted gains, however, helped by a weaker rand. At 12.05pm, the all-share and all-share industrial indices were 0,39% and 0,85% weaker respectively.
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/ 11 January 2005
Last week’s correction in the dollar, which contributed to the rand weakening to its worst level since November 12, came on expectations of future rate hikes in the United States, which pushed the country’s twin deficits out of the spotlight. But economists are divided about how long the correction will last and what effect rate hikes will have on the greenback.
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/ 10 January 2005
The JSE Securities Exchange was a mixed bag at midday on Monday after a quiet morning’s trade. Banks were a feature on the upside on renewed talk of foreign interest in the sector. By 12.07pm, the all share index was up a marginal 0,1%. The banks index jumped 1,61%, helping financials to firm 0,7%.
The JSE Securities Exchange (JSE) was awash with red at midday on Friday, hit by a recovery in the rand. Volumes were extremely light, however, and were only expected to pick up next week. At noon, the all-share index was 0,67% weaker. Resources retreated 0,8%, with the gold- and platinum-mining indices slumping 1,94% and 1,36% respectively.
The JSE Securities Exchange (JSE) rallied to a record high on Thursday, with a sliding rand fuelling a rally in heavyweight resources and dual-listed stocks. The weaker currency saw continued profit-taking in banks and retailers, however. The all-share index closed 0,97% higher at 12 800,520 after earlier reaching a best-to-date 12 865,470.
The JSE Securities Exchange South Africa (JSE) was firmer in noon trade on Thursday after a sliding rand fuelled a rally in heavyweight resources stocks. Banks and retailers featured on the downside due to continued profit-taking on concerns about the weaker currency’s effect on consumer spending.
The JSE Securities Exchange (JSE) was in the red in noon trade on Tuesday due to profit-taking following the bourse’s rally to a record high on Monday. Poor performances by heavyweight stocks offshore and lower commodity prices added to the negative picture. By 12.01pm, the all-share index shed 0,54%.
The JSE Securities Exchange (JSE) was near a new high at midday on Monday after an extremely quiet morning’s trade. While the bourse was lifted by a weaker rand in early trade, it managed to maintain its strength despite a recovery in the currency. By 11.58am, the all-share index was up 0,46% at 12 715.
The JSE Securities Exchange (JSE) opened marginally firmer on Monday when a weaker rand buoyed by heavyweight resources stocks. However, with many players still on holiday, volumes were extremely thin. By 9.18am, the all-share index was up 0,16%. Resources rallied 0,7% and the gold-mining index gained 0,35%.
The South African rand was weaker against the dollar in early trade on Monday on the back of the latter’s recovery against major currencies. Currency traders said that the rand could post more losses and that it is likely to look to the euro for direction. At 8.36am, the rand was quoted at R5,6951 per dollar.