The JSE had edged up slightly by midday on Tuesday as platinum- and gold-mining stocks started to recover earlier losses. By 12pm, the all-share index was 0,08% in the black as the platinum-mining index gained 1,31%, resources lifted 0,72% and the gold-mining index recovered 0,13%. However, banks and financials were off 0,88% and 0,60% respectively.
The JSE remained firm by midday on Monday but according to traders was drifting, lacking direction from world markets. By noon, the all-share index had edged up 0,16%, as industrials increased 0,84%. Banks advanced 0,67% and financials were 0,54% firmer.
The JSE was slightly negative by midday on Friday, as profit-taking among platinum stocks led the bourse to give up some of its earlier gains. By noon on the JSE, the all-share index had given up 0,06%, as platinum stocks dipped 3,23%. Resources were 0,24% lower, but the gold-mining index advanced 1,67%.
Media group Naspers is to make a public tender offer to acquire up to 100% of Gadu Gadu, a Warsaw-listed Polish internet company for a total investment of about $155-million, it said on Thursday. Naspers will extend an offer to acquire 100% of the shares of Gadu Gadu SA at a tender price of 23,50 z³oty per share.
The JSE was up sharply by midday on Tuesday, adopting the strength in overseas markets that were driven higher by a powerful performance on Wall Street overnight. By 12.03pm on the JSE, the all-share index had collected 1,01%. Financials advanced 2,02% and banks collected 2,86%, while industrials added 1,06%.
The JSE was up 191 points at midday on Monday, but off its record high it hit earlier as gold stocks tumbled on news that Anglo American was selling half of its stake in AngloGold. Anglo said in a statement that it expects the offering to represent a major step in the completion of its stated objectives for its stake in AngloGold Ashanti.
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/ 27 September 2007
Good buying interest was seen across the board on the JSE on Thursday and by midday the all-share index was up 224 points, with one trader speculating that it could close above the 30 000 level. A trader said the JSE was approaching its all-time high of 30 046,3, reached on Tuesday.
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/ 26 September 2007
The JSE was steady at midday on Wednesday, unmoved by the release of local CPI and CPIX data which was in line with market expectations. By noon, the JSE’s all-share index had collected 0,52% as the gold-mining index advanced 1,22%. The platinum-mining index added 0,95% and financials climbed 0,68%.
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/ 20 September 2007
The JSE was flat at midday on Thursday, as players sat on the sidelines awaiting the result of the futures close-out, which was due to start at midday. By 11.59am, the all-share index edged up 0,26%. The gold mining index climbed 2,19% and banks were 1,09% higher. Resources perked up 0,28% and the platinum mining index rose 0,68%.
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/ 19 September 2007
The JSE extended its gains by midday on Wednesday following the rally in world markets that was driven by a strong performance on Wall Street overnight. Wall Street surged on news that the United States Federal Reserve had cut interest rates by 50 basis points, creating a positive sentiment for investors for bargain-hunting.