The JSE remained higher at noon on Thursday on the back of Dow’s record moves overnight, but off its opening highs after producer price inflation (PPI) figures came in above forecast. At noon, the all-share index was up 0,21%. Resources gained 0,17% and the gold and platinum mining indices added 1,11% and 0,29% respectively.
The JSE was higher at noon trade on Wednesday as investors piled back in following solid gains in European markets while a recovery in copper prices underpinned gains in resources heavyweights. At noon, the all-share index was up 0,65%. Resources also gained 0,55% while gold- and platinum-mining indices gave up 0,16% and 0,23% respectively.
The JSE was lower at noon trade on Tuesday following a weaker tone on European markets while other players took profits after the market’s strong moves in recent days. At noon, the all-share index was down 0,71%. Resources fell 0,81% while gold- and platinum-mining indices gave up 0,92% and 1,87% respectively.
The JSE remained flat in a directionless session at noon on Monday, failing to get the most out of the strong moves in the Dow Jones industrial index on Friday. At noon, the all share index was flat (+0,02%). Resources were down slightly by 0,02%, but the gold and platinum mining indices gained 0,93% and 0,51% respectively.
The JSE extended gains at noon trade on Friday, led by platinum miners on news that Switzerland will launch exchange-traded fund (ETF) next month. Hopes that Beijing will apply calculated measures to cool China’s overheating economy added to the broad-based buying on the local bourse, dealers said.
The JSE retained its weaker tone at noon trade on Thursday on profit-taking while resources were hit by fears that Beijing might raise interest rates. At 12pm the all-share index was off 0,45%. Resources fell 0,65% and the gold- and platinum-mining indices gave up 0,50% and 0,05% respectively. Industrials were down 0,32%, financials eased 0,30% and banks shed 0,45%.
The JSE remained lower at midday on Wednesday, tracing the weaker tone in overseas markets while groceries retailer Shoprite soared on speculation that its investors might demand a higher price from its buyers. Also, talk in the market that the MTN Group was a prime target for a private equity takeover sent the mobile telecommunications giant to a fresh trading high.
The JSE was flat in noon trade on Tuesday with light selling ahead of United States inflation data due in the afternoon, while European Union markets took a dip in early trade. By noon, the all-share index was flat (-0,04%). Resources fell 0,38%. The platinum and gold mining indices dipped 0,57% and 1,16% respectively.
The JSE retained its strong tone in noon trade on Monday as Edcon’s deal went through smoothly and Johncom put on a great show on speculative buying. By noon, the all-share index was up 0,69% and resources added 0,67%. The platinum and gold mining indices firmed 1,55% and 0,62% respectively.
Information and communication technology group IBM South Africa has clinched a six-year, multimillion-rand contract for IT services from South African Breweries (SAB), it said on Friday. The value of the deal has not been disclosed. SAB is a unit of London-listed brewing giant SABMiller.