Alison Maltz
Guest Author
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/ 22 September 2006

Rand, commodities boost JSE

The JSE was firmer in noon trade on Friday, boosted by a sharply weaker rand and higher commodity prices. The gains came despite widespread weakness on world markets. By 12.03pm, the all-share index added 1,04%. Industrials were flat (-0,03%), financials fell 0,87% and the banks index dropped 3,15%.

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/ 20 September 2006

Resources hardest hit as JSE drops

The JSE was awash with red in noon trade on Wednesday, against the backdrop of lower commodity prices and uncertain world markets. News that the corruption case against former deputy president Jacob Zuma had been thrown out of court saw the bourse come under further pressure initially but these losses were short lived.

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/ 19 September 2006

Commodities, rand boost JSE

The JSE was in positive territory in noon trade on Tuesday, lifted by higher commodity prices. A weaker rand also lent support. By 12.07pm, the all share and all share industrial indices added 0,4% and 0,31% respectively. Resources rose 0,64% and the gold mining index jumped 1,93%, but the platinum mining index surrendered 1,23%.

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/ 15 September 2006

Lower commodity prices knock JSE

The JSE was weaker in noon trade on Friday, after lower commodity prices knocked heavyweight resources stocks. Volumes were extremely light, however, ahead of the release of United States consumer price index data. By 12.08pm the all-share index slipped 0,51%. Industrials dipped 0,07%, financials were flat (+0,01%) and the banks index eased 0,2%.

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/ 13 September 2006

JSE continues Tuesday’s recovery

The JSE continued its recovery on Wednesday supported by firmer world markets. But lower commodity prices took a chunk from the JSE’s gains. By 11.52am, the all share and all share industrial indices climbed 0,36% and 0,3% respectively. Financials firmed 1,32% and the banks index was bolstered 1,67%.

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/ 12 September 2006

Futures buying, commodities lift JSE

The JSE was firmer in noon trade on Tuesday supported by futures-related buying and a recovery in commodity prices. However, world markets failed to impress and dealers warned the local bourse’s recovery could be short-lived. By 12.12am, the all-share index added 1,24%. Industrials and financials firmed 0,72% and 1,44% respectively and the banks index rebounded 2,99%.

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/ 7 September 2006

World markets knock JSE, rand caps losses

The JSE was taking a pummelling in noon trade on Thursday following a sell-off in equity markets globally. A sharply weaker rand — which was at its worst levels in almost 11 weeks — helped cushion the blow to an extent. By 12.11pm, the all-share index slipped 1,01%. Resources retreated 1,16%, the gold-mining index tumbled 2,8% and the platinum-mining index lost 0,78%.

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/ 6 September 2006

JSE slightly higher as golds lend support

The JSE was slightly firmer in noon trade on Wednesday, propped up by very strong gold stocks. However, with precious metals coming off their highs, dealers said that they would not be surprised to see some profit-taking. By 11.57am, the all-share and all-share industrial indices climbed 0,12% and 0,28% respectively.

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/ 5 September 2006

JSE surrenders gains on profit-taking

The JSE was weaker in noon trade on Tuesday having succumbed to profit-taking after reaching a record high in early trade. A higher bullion price allowed gold stocks to buck the trend. By 12.05pm, the all-share index slipped 0,39%. Industrials and financials fell 0,25% and 0,47% respectively and the banks index dipped 0,11%.

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/ 4 September 2006

World markets take JSE to record high

The JSE was in positive territory just after midday on Monday, after stronger world markets pushed it to a record high in late morning trade. The Labour Day holiday in the United States made for light volumes. By 12.19pm, the all-share index was up 0,79% at 22 388,28, having traded as high as 22 417,68.