The JSE Securities Exchange (JSE) was off its best levels by midday on Tuesday, with players keeping a firm watch on the rand. By midday the all-share index was up 0,33%. Industrials and financials firmed 0,38% and 0,48% respectively, while the banks index was 0,27% better.
The JSE came off its lows by midday on Wednesday in what dealers described as a dull market charecterised by thin volumes. By midday the all share index was flat, while industrials lifted slightly. Resources dropped 0,51%, but the other indices managed small gains.
The JSE Securities Exchange South Africa (JSE) remained fairly firm at midday on Tuesday in thin holiday-affected trade. Many players are away this week for Pesach and ahead of the Easter long weekend. Moreover, volumes next week will not be much better.
After opening sharply weaker on the back of world markets, the JSE Securities Exchange South Africa (JSE) was in the black in noon trade on Friday as bargain hunters sought out resources stocks, which were looking cheap after six days of losses. Financials and industrials remained in the red, however.
The JSE Securities Exchange South Africa (JSE) was almost 1% in the red at midday on Monday, despite a weaker rand. Dealers said the market was experiencing some weakness with the gold price retreating below the $400 an ounce level, and that it was a pity that the market had not been able to capitalise on the slightly weaker currency.
The JSE Securities Exchange South Africa (JSE) retained its softer tone at midday on Tuesday, with a firmer currency taking its toll on heavyweight rand hedge stocks. The main features in the morning session were telecommunications stocks, which continued the strength seen during Monday's session.