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/ 27 October 2005
After firming earlier in the session on Thursday, the JSE was lower at midday, with global resources giant Anglo American continuing to dominate trade. Trade in Anglo — 2,6-million shares valued at R522,8-million in 68 deals — made up a quarter of the JSE’s total volume.
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/ 26 October 2005
The JSE remained strong at midday on Wednesday as the market continued to be buoyed by news that global resources group Anglo American (Anglo) plans to reduce its shareholding in gold miner AngloGold Ashanti, and make other major changes. By noon, the all-share index had added 1,46%.
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/ 24 October 2005
The JSE was higher across the board in noon trade on Monday, as most sectors experienced short covering after last week’s losses. By noon, the all-share index was up 1,40%, led by a 2,39% jump in the gold-mining index, a 2,64% climb in the platinum-mining index and a 1,81% firmer resources index.
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/ 18 October 2005
The JSE remained firm at lunchtime on Tuesday after trading was halted for more than an hour following a technical hitch at the JSE. The JSE stopped trading at 11am and the equity market moved to an opening auction at 12.10pm for 20 minutes and then to continuous trading at 12.30pm.
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/ 13 October 2005
The JSE remained in the red at midday on Thursday, but platinum mining stocks bucked the trend, reflecting a strong platinum price. The JSE’s softer tone was on the back of weaker world markets and came despite the rand moving above the 6,60 per dollar level.
National carrier South African Airways (SAA) will remain in state hands, but government ”may bring in another partner”, Public Enterprises Minister Alec Erwin said on Thursday. Erwin said that the airline industry was critical for Africa and he said that in the next year some ”extremely interesting announcements” could be expected from SAA.
The JSE was firm with the all share index at a fresh all-time high at midday on Monday in extremely quiet trade, with little fresh news to move the market. After posting early losses, the gold mining index came off its worst levels despite the major gold mining strike which got under way in South Africa on Sunday.
The JSE Securities Exchange (JSE) continued its rally into uncharted territory on Thursday fuelled by stronger world markets and continued demand for equities. It was the 16th day since July 5 that the all-share index broke new ground. At 12.03pm, the all-share index was up 0,49% at 15 194,09.
The JSE Securities Exchange (JSE) remained firm at midday on Thursday as the weak rand boosted resources and mining stocks. Traders said the market was waiting for the announcement on interest rates following the conclusion of the Reserve Bank monetary policy committee’s two-day meeting.
The South African rand was weaker in afternoon trade on Friday after the United States non-farm payrolls came in better than expected, giving the dollar a boost. At 2.45pm, the rand was quoted at R6,0576 per dollar from R6,0151 just prior to the release of the data. The dollar firmed against the euro.