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/ 26 November 2007
The JSE was forced to give up some of its earlier gains but the gold mining index was keeping it in the black at midday on Monday. Shortly after its open, the JSE was up over 1%, but by midday, the all-share index had given up almost half of its gains as bank and financial stocks weighed.
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/ 23 November 2007
World markets injected some life into the JSE at midday on Friday as the all-share index lifted 0,90%, led by a 1,78% gain in resources. By noon the gold mining index collected 0,35%, but the platinum mining index was up a slight 0,06%. Financials advanced 0,51% and banks inched up 0,28%. Industrials were 0,09% in the black.
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/ 22 November 2007
The JSE continued to extend its reach into the red at midday on Thursday, following nervous world markets. By noon on the JSE, the all-hare index was 1,14% lower, led by a 1,87% retreat in resources. The gold mining index pulled back 1,06% and the platinum mining index was off 0,89%.
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/ 20 November 2007
South African media company Johnnic Communications (Johncom) said on Tuesday it will now change its name to Avusa on November 26 after shareholders gave the name change the green light. The name was constructed in such a way so as to relate to the company’s vision and strategy, as it uses the words Audiovisual, Vision, Unique and Unity, and South Africa to make up Avusa.
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/ 20 November 2007
Volatility in resource stocks, as well as in the mining indices, buried the JSE in the red at midday on Tuesday. At noon, the all-share index gave up 0,69%, led by a 1,69% pull back in the gold-mining index. Resources dipped 1,59% and the platinum-mining index was off 0,42%. Financials eased 0,27% and banks were unchanged (+0,01%), but industrials inched up 0,15%.
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/ 15 November 2007
The JSE continued to follow the downward trend in international markets at midday on Thursday, remaining firmly in the red. By 11.58am, the JSE’s all-share index lost 0,7%. The gold mining index gave up 0,8% and resources fell 0,7%, but the platinum mining index added 0,57%.
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/ 14 November 2007
African investors on Tuesday gave the go-ahead for the construction of Seacom’s undersea broadband cable. The additional bandwidth provided by the cable, which will cost $650-million and cover more than 15 000km, will also be a catalyst for productivity.
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/ 14 November 2007
The JSE was higher at midday on Wednesday as positive local results extended its gains from the morning session. In the morning, the JSE had opened stronger on Wall Street’s overnight rally, which created positive sentiment for overseas markets. By noon, the JSE’s all-share index had climbed 1,09%.
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/ 13 November 2007
After starting slightly higher on Tuesday, the JSE took a sharp turn as negative sentiment started to flow in from overseas markets. One trader explained that the JSE was weaker as there was continued concern about the supprime market globally.
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/ 12 November 2007
The JSE started to show a slight turnaround on Monday as a renewed announcement by BHP Billiton added some buying interest among resource stocks. By midday, the JSE’s all-share index lifted 0,3% as resources collected 0,79%. However, the gold and platinum mining indices pulled back 0,91% and 1,4% respectively.