There were no major fireworks on the JSE at midday on Wednesday, with the market being stagnant — only slightly up from early trade — as United States markets were closed for the July 4 Independence Day. At 12pm, the all-share index was up 0,39%. Resources strengthened 0,51%, while the gold and platinum indices added 0,30% and 1% respectively.
The JSE started to strengthen at midday after a weaker opening on Monday morning. At 12.05pm the all-share index was up 0,45%. Resources strengthened 0,93%, while the gold and platinum indices were 1,03% and 0,75% firmer respectively. Industrials climbed 0,08% and financials lifted 0,15%. Banks increased 0,66%.
The JSE was firmer in the morning, but started retracing at about midday on Friday. However, traders expect the market to strengthen near the day’s close. At noon, the all-share index was down 0,69%. Resources weakened 0,99%, while gold and platinum indices fell 1,15% and 1,52 % respectively.
The JSE was higher at midday on Thursday but off its best levels as worse-than-expected PPI (producer price index ) data and a stronger rand discouraged buyers in the market. At 12pm the all-share index was up 0,25%. Resources were flat (-0,01%), while the gold and platinum indices fell 0,08% and 0,31% respectively.
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/ 29 November 2006
The JSE held onto its gains at midday on Wednesday amid positive world markets. By 12pm, the all-share index had gained 0,40%, thanks to a 0,58% rise in the industrial index and a 0,47% increase in the resources index. The platinum-mining index was up 0,36%, but the gold-mining index gave up 0,37%.
The JSE opened weaker on Thursday on continued profit-taking as well as concerns about the level of the oil price and its impact on inflation and global interest rates, traders said. By 9.14am, the all share index lost 0,28%, Industrials and financials climbed 0,23% and 0,02% respectively, while the banks index was 0,1% in the red.