The JSE looked positive in noon trade on Tuesday on the back of basket buying by futures players. The rand traded slightly softer and a rebound on the Dow overnight added to the positive picture. Both the financial and banks indices firmed, while the all-share index was also stronger.
The JSE Securities Exchange South Africa (JSE) was a tad higher in noon trade in a market that, as is typical on a Monday, was very quiet. A dealer said that there was no fresh news to drive the bourse and that most of the moves were stock specific. By 11.54am, the all share index was up 0,28%.
The JSE Securities Exchange (JSE) surrendered early gains and was in the red in noon trade on Friday on the back of futures-related selling. Dealers said it had been a lacklustre morning’s trade and, while boosted by activity in Telkom and Anglo American, volumes were fairly light.
The JSE Securities Exchange (JSE) was marginally stronger in noon trade on Monday, lifted by heavyweight resources stocks that were up offshore. However, the low volumes were the morning’s most noticeable feature and with United States markets closed, were likely to remain so.
The JSE Securities Exchange (JSE) was in positive territory in noon trade on Thursday, lifted by a slightly softer rand and basket-buying by futures players. Volumes were thin and the market’s illiquidity amplified its gains. At 12.02pm, the all-share index was up 0,68%.
Basket-selling by futures players on Tuesday acted in tandem with lower precious metal prices to send the JSE Securities Exchange (JSE) deep into the red by noon. Decliners outnumbered advancers on the all-share index by about two to one. By 11.56am, the all-share index weakened 1,1%.
Resources dominated activity on the JSE Securities Exchange (JSE) in noon trade on Thursday, though the market was flat overall with the positive impact of a weaker rand being offset by lower precious metals prices. Volumes were extremely light with just more than R600-million-worth of shares changing hands.
The JSE Securities Exchange South Africa (JSE) was mixed in noon trade on Wednesday after a lacklustre morning’s trade. Weakness in heavyweight resources stocks kept the overall index in the red, despite the fact that advancers slightly outpaced decliners.
After opening firmer in line with world markets, the JSE Securities Exchange (JSE) came off its highs by midday on Tuesday after the rand strengthened slightly. Dealers said that the market was rather featureless, lacking real drivers. By 11.59am, the all-share, financial and banks indices were all 0,29% firmer.
The JSE Securities Exchange South Africa (JSE) was forging ahead at midday on Monday, fuelled by stronger world markets. A slight weakening in the rand lent the bourse further support. By 12.09pm, the all-share and all-share industrial indices jumped 1,6% and 1,33% respectively.