Despite its stronger start, the JSE Securities Exchange South Africa (JSE) drifted into the red by noon on Friday on the back of weaker European markets and general lack of interest. Volumes were extremely thin and some selling by futures players added to the negative picture.
The JSE Securities Exchange South Africa (JSE) was in positive territory in noon trade on Thursday after bargain hunters, encouraged by the Dow’s rebound late on Wednesday, returned to the market after its recent sell-off. A softer rand also helped the local bourse.
Gold stocks shone on Wednesday in noon trade on the JSE Securities Exchange South Africa (JSE), which was flat overall after a quiet morning’s trade. Solid corporate results released before the opening were also positive for the local bourse, but these influences were offset by a firmer rand and weaker European markets.
The JSE Securities Exchange South Africa (JSE), which bounced into the black at the opening after a sharp sell-off on Monday, was soon back in the red on Tuesday dragged down by basket-selling by futures players. However, dealers said that definite bargain-hunting was being seen at stocks’ lower levels.
The JSE Securities Exchange South Africa (JSE) was bleeding heavily at midday on Monday, hammered by weakness on global markets and lower commodity prices. Losses were incurred across the board and decliners outnumbered advancers on the all-share index by four to one.
The JSE Securities Exchange South Africa (JSE) was in positive territory in noon trade on Wednesday as it continued to rebound after weakening sharply last week. Resources led the way, despite a stronger rand. At 12.03pm, the all-share and all-share industrial indices were up 0,35% and 0,23% respectively.
The JSE Securities Exchange South Africa (JSE) was roaring ahead in noon trade on Tuesday as buyers, encouraged by a strong performance on Wall Street overnight, returned to the market. Even the rand’s recovery from weaker levels seen earlier in the day failed to slow the bourse’s rally.
The JSE Securities Exchange South Africa (JSE) was drifting in the red just before midday on Monday, dragged down by weaker world markets. Volumes were extremely thin due to the bank holiday in London and dealers said that it had been a dull morning’s trade.
Pulp and paper producer Sappi was the all-share index’s best performer on Friday afternoon, after rival International Paper reported better-than-expected results. At 2.26pm, Sappi shares were trading at R97,01, up 8,4% or R7,52 from their previous close, after touching R97,51 a few minutes earlier.
The JSE Securities Exchange South Africa (JSE) was in positive territory in noon trade on Friday, led by heavyweight dual-listed stocks that performed well on strong offshore markets. With the exception of gold shares, the gains of which were pared, the bourse largely managed to shrug off a firmer rand, dealers said.