Nicole Rego
Guest Author
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/ 3 September 2007

JSE a touch firmer in midday trade

The JSE continued on a lacklustre path as it edged up slightly from its flat open to trade 0,68% higher at midday on Monday. World markets were also flat at midday amid a continued lack of activity as United States traders took a day off to celebrate Labour Day. By midday on the JSE, the all-share index was up 0,68%.

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/ 22 August 2007

JSE up strongly on Asian rally

The JSE was up strongly at midday on Wednesday, taking its cue from a rally in Asian markets. The Hang Seng gained 2,84% and the Shanghai added 0,5%, while the Singapore Straites Times collected 2,61%. At midday on the JSE, the all-share index was up 1,67%. Resources gained 2,31%, and the gold- and platinum-mining indices edged up 0,79% and 0,45% respectively.

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/ 21 August 2007

JSE mixed as it follows world markets

The JSE was mixed at midday on Tuesday as world markets started to pull back off their highs after United States futures indicated a weaker opening on Wall Street. At midday on the JSE, the all-share index was 0,52% lower. Resources shed 0,69%, and the gold- and platinum-mining indices retreated 2,22% and 0,38% respectively.

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/ 20 August 2007

JSE maintains positive levels

The JSE continued to trade in positive territory in midday trade on Monday with world markets stronger after Wall Street’s recovery on Friday. At midday on the JSE, the all-share index was up 2,29%. Resources climbed 2,78% and the gold and platinum mining indices added 1,20% and 1,22% respectively.

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/ 16 August 2007

Credit bugbear tugs at JSE

The JSE remained firmly in the red by noon on Thursday as subprime concerns continued to plague investors. At midday, the JSE all-share was off 3,26%. Resources lost 3,87%, the gold-mining index was 3,42% lower and the platinum-mining index fell 2,84%. Financials shed 3,26% and banks tumbled 4,10%, while industrials were down 2,56%.

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/ 15 August 2007

JSE hovers in the red

The JSE continues to hover in weaker territory as credit concerns resurface, leading world markets and the local bourse lower. At midday, the JSE all-share was off 1,28%. Resources lost 1,13%, the gold-mining index was 0,56% lower and the platinum-mining index fell 1,82%. Financials shed 1,44% and banks pulled back 1,54%, while industrials were down 1,35%.

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/ 14 August 2007

JSE claws back into the black

After being down almost 1% earlier, the JSE managed to claw its way back into positive territory by midday on Tuesday as the weaker rand lent some support to resources stocks and Dow futures were up. A trader said that the Dow futures were looking positive — up 30 points — which is an indication of a firmer start on Wall Street later this afternoon.

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/ 13 August 2007

JSE stronger as world markets firm

The JSE was holding on to gains of over 1% at midday on Monday as world markets tread in positive territory after last week’s global credit concerns started to fade. The FTSE was up 1,69%, the Hang Seng added 0,45% and the Nikkei gained 0,21%. At midday, the JSE all-share index climbed 1,10%.

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/ 10 August 2007

JSE plummets 1 132 points

The JSE plummeted a massive 1 132 points — more than 4% — on Friday as global credit fears submerged the local bourse in a bloodbath. The last time the JSE lost almost 1 000 points was on February 27 this year, according to a local trader. However, the 4,02% drop in the market was not the biggest seen by local investors.