Alison Maltz
Guest Author
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/ 12 February 2004

World markets, gold prop up JSE

The JSE Securities Exchange South Africa (JSE) was marginally positive in noon trade on Thursday, with a higher gold price and stronger world markets offsetting the negative effect of a stronger rand. The rand was quoted at R6,72 per dollar from R6,89 when the JSE closed on Wednesday.

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/ 9 February 2004

Gold stocks glister on dull JSE

Gold stocks glistered on the JSE Securities Exchange South Africa (JSE) at midday on Monday, helped by a higher bullion price and a strong performance by their ADRs in New York on Friday night. Overall, the market was firmer, but very quiet. At Resources rallied 1,55% in morning trade, with the gold mining index soaring 2,51%.

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/ 6 February 2004

JSE bounces as rand loses ground

After eight days of weakness, the JSE Securities Exchange South Africa (JSE) bounced into the black on Friday on the back of a weaker rand, which boosted heavyweight dual-listed stocks. At midday the rand was last trading at R7,05 per dollar, from R6,89 when the JSE closed on Thursday.

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/ 5 February 2004

JSE buckles under rand’s weight

The JSE Securities Exchange South Africa (JSE) was under pressure in noon trade on Thursday, with the stronger rand weighing on heavyweight dual-listed and resources stocks. The decline extended the bourse’s losing streak into its eighth day. At midday the rand was trading at R6,86 per dollar.

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/ 4 February 2004

JSE mixed at noon, lacks drivers

South African stocks presented a mixed picture in noon trade on Wednesday, with the JSE Securities Exchange South Africa (JSE) lacking major drivers and clear trends. At 12.05pm, the all-share index was down a marginal 0,1%. Financials and banks were 0,38% and 0,8% weaker respectively.

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/ 3 February 2004

JSE resilient in face of stronger rand

The JSE Securities Exchange South Africa (JSE) defied conventional wisdom on Tuesday by coming off its opening lows despite continued strength in the rand, which would normally weigh heavily on dual-listed and resources stocks. At midday the rand was quoted at R6,93 per dollar from R7,05 when the JSE closed on Monday.

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/ 2 February 2004

JSE mixed after quiet morning

The JSE Securities Exchange South Africa (JSE) was mixed at midday on Monday after a quiet morning on which the local bourse lacked major drivers. "It has been very quiet — one of the quietest days we have seen for quite a while with the exception of Christmas and New Year," a dealer said.

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/ 30 January 2004

JSE flat after volatile morning

The JSE Securities Exchange South Africa (JSE) was flat in noon trade on Friday after a volatile morning during which the rand determined the JSE’s overall direction. While a look at most sectors of the market revealed a pretty mixed bag, platinum stocks were under pressure on the back of a lower platinum price.

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/ 29 January 2004

JSE marches to rand’s beat

The JSE Securities Exchange South Africa (JSE) was marginally weaker in noon trade on Thursday after a roller-coaster morning on which the bourse took its cue primarily from a volatile rand. Weaker world markets were also weighing, dealers said. The rand was quoted at R6,96 to the dollar after earlier going as weak as R7,07.