Alison Maltz
Guest Author
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/ 6 November 2006

JSE reaches new high as plats shine

The JSE reached yet another high on Monday morning, with Impala’s eight-for-one shares split sending platinum shares skywards. Positive world markets and a strong gold price gave the bourse added support. By 11.53am, the all share index was up 0,68% at 23 750,16 having touched a record level of 23 763,779.

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/ 1 November 2006

Golds, platinum fuel JSE’s rally

The JSE was roaring ahead in noon trade on Wednesday, fed by higher precious metals prices. Gains were seen across the board, however, and advancers outnumbered decliners on the all-share index by almost three to one. By 11.58am, the all-share index added 0,94%. Resources rallied 1,38%, the gold-mining index leaped 3,35% and the platinum-mining index perked up 1,97%.

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/ 26 October 2006

Rand play sees JSE drift weaker

The JSE was a touch on the stodgy side in noon trade on Thursday, with the main dampener being a stronger rand. The JSE’s losses came despite firmer global markets and disappointing results from Gold Fields acting in concert with the currency to prevent gold shares from benefiting from a higher bullion price.

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/ 25 October 2006

JSE at new high on world markets, metals

The JSE was steaming ahead in noon trade on Wednesday, propelled by firmer world markets and relatively high commodity prices. The bourse hit another record high — its seventh in the last ten trading days. At 12.20pm, the all-share index was up 0,29% at 23 600,8 having touched a best-ever level of 23 648,4.

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/ 24 October 2006

Rand, world markets take JSE to new high

The JSE recorded another record high on Tuesday, boosted by a weaker rand and firmer world markets overnight. However lower commodity prices and a soft production report from BHP Billiton pared the JSE’s gains. By 12.06pm, the all-share index was up 0,22% at 23 521,99 after touching a high of 23 538,17.

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/ 23 October 2006

Lacklustre JSE treads water

The JSE was treading water just after midday on Monday in extremely quiet, lacklustre trade. While a weaker currency knocked banks, it failed to significantly boost rand hedges. At 12.02pm, the all-share index was off a neither-here-nor-there 0,02%, while the all-share industrial index dipped 0,06%. Financials had fallen 0,35% and the banks index had dropped 1,52%.

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/ 16 October 2006

JSE above 23 000 on world markets, metals

The JSE broke through the 23 000 level for the first time on Monday morning, propelled by firmer world markets and higher commodity prices. The overriding positive sentiment saw the bourse posting gains across the board. By 11.50am, the all-share index was up 0,73% at 23 006,57, having touched a highest-ever 23 015,93.

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/ 27 September 2006

JSE positive, but off highs

The JSE was in positive territory in noon trade on Wednesday, supported by positive world markets and higher commodity prices. Profit-taking, which was encouraged by a firmer rand, ensured that the bourse was off its highs, however. By 12.11pm, the all-share index added 0,81%. Industrials climbed 0,48%, while the financial and banks indices firmed 0,23% and 0,69% respectively.

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/ 26 September 2006

Anglo, Billiton keep JSE in check

The JSE was flat at midday on Tuesday, with weakness in resources heavyweights Anglo American and BHP Billiton offsetting gains across other sectors. This followed losses sustained by Anglo and Billiton in London on Monday when the JSE was closed for a public holiday. South Africa celebrated Heritage Day on Sunday, and Monday was declared a public holiday.