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/ 28 January 2004
The JSE Securities Exchange South Africa (JSE) was in negative territory in noon trade on Wednesday, as a stronger rand dragged down heavyweight dual-listed and resources stocks. Selling filtered through to the rest of the market and decliners outnumbered advancers by about five to two.
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/ 21 January 2004
The JSE Securities Exchange South Africa (JSE) was weaker in noon trade on Wednesday, with a robust rand taking its toll on heavyweight dual-listed and resources stocks. A weaker Dow overnight added to the negative sentiment and decliners outnumbered advancers on the all-share index by amount two to one.
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/ 19 January 2004
The JSE Securities Exchange South Africa (JSE) was flat at midday on Monday in a market that lacked major drivers. Dealers said that trade was quiet and with United States markets closed for Martin Luther King Day, there was a general lack of incentive to do anything.
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/ 14 January 2004
The JSE Securities Exchange South Africa was up in noon trade on Wednesday after opening an hour and 45 minutes late due to a technical problem. The rand weakened sharply in this time, which boosted the local bourse. The rand was trading at R7,13 per dollar from R6,90 when the JSE closed on Tuesday.
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/ 13 January 2004
The South African rand broke above the R7 per dollar level just before 2pm on Tuesday as geopolitical concerns continued to dampen sentiment towards the local unit. While market analysts said it was too soon to call an end to the rand’s firming trend, the local unit could be in for further weakness in coming days.
After trading weaker all morning in a lethargic market, the JSE Securities Exchange South Africa (JSE) perked up in noon trade when the rand weakened suddenly — and sharply — against the dollar. Dealers expected more strength from stocks if the rand remained at weaker levels.
South African stocks delivered mixed performances on Wednesday morning, leaving the JSE Securities Exchange South Africa (JSE) level overall. Gold stocks were a feature on the downside, but a weaker rand pared losses. The rand was quoted at R6,54 per dollar from R6,48 when the JSE closed on Tuesday.
The JSE Securities Exchange South Africa drifted weaker at the start on Wednesday, with a slightly stronger currency hurting heavyweight rand hedge stocks. Early volumes were once again fairly light, with less than R20-million worth of shares changing hands in the first 20 minutes of trade.
Sizzling precious metals prices helped gold and platinum stocks bound ahead on Tuesday, helping the JSE Securities Exchange South Africa (JSE) recover from a soft start to trade in the black by noon. The rand also came off the morning’s best levels to help the local bourse.
The JSE Securities Exchange South Africa headed south at the start on Monday, with a stronger rand taking its toll on heavyweight dual-listed and resources stocks. With many players still on holiday, volumes remained light.