After a see-saw ride in the morning, the JSE was trading sideways at midday on Thursday — seemingly tracking the FTSE 100, according to a trader. At 12:01pm, the all-share index was 0,10% lower from it’s close of 29 105,270 on Wednesday.
Negative sentiment saw a sell-off across world markets at midday on Wednesday, adding to profit-taking on the local bourse. At 12.04pm, the all-share index was 0,97% lower than its close of 29Â 590,811 on Tuesday. It was trading at 29Â 303,960 at midday on Wednesday.
The JSE was hovering at tight levels at midday on Tuesday with the all-share a tad lower (-0,17%) and nervousness in the market adding to some profit-taking as the local bourse awaited data to be released this week in the hope of gaining some direction. At 12pm, the all-share index was 0,17% lower.
The JSE all-share index was in positive territory at midday on Friday as the gold-mining index shone brightly on the local bourse after tracking Shanghai on Friday night — which was up 4% — according to a local trader. At noon the all-share index was up 0,62%.
The JSE is following a trend where overseas markets are generally lower, and with the all-share down 1,01%, the local bourse seems to be sitting and waiting for United States markets to open as well as the release later of US data. At 12pm, the all-share index was 1,01% weaker at 29 565,770.
The local bourse was looking a little lifeless at midday on Monday, with the all-share index down most of the morning on the back of profit-taking, and the local market waiting for Wall Street to open to give it some direction.
The JSE came off in the opening on Wednesday but has come back a bit, supported by a tad lower rand at midday. The bourse has also had a little nudge by the resource index, which has improved. At 12.01pm, the all-share index was flat (-0,01%). Resources gained 0,50%, the gold index eased 0,76% and the platinum-index slipped 0,12%.
The JSE was slightly down at noon on Tuesday with all the shares looking toppish after the market’s good run the day before, according to a trader. At 12.01pm, the all-share index was flat (-0,06%). Resources lost 0,70%, the gold index rose 0,98% and the platinum index slipped 1,10%. Banks rallied 1,49%, financials added 0,67% and industrials strengthened 0,24%.
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The JSE was lacklustre on Friday, still following overseas markets. The rand was a tad softer at midday, which helped give a slight boost to the market. Traders said there was buying interest in metals counters, especially BHP Billiton shares, as well as banks.