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/ 5 April 2007

JSE takes breather ahead of Easter

The JSE was in negative territory in noon trade as players took profits ahead of the Easter weekend. Dealers said that the Bank of England’s interest rate decision later in the day and the release of United States non-farm payrolls numbers on Friday were also making for a nervous market.

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/ 23 March 2007

Resources take JSE up marginally

The JSE was marginally higher in noon trade on Friday, lifted by resources stocks. The market was quiet, however, and lacked clear drivers. By 11.58am, the all-share index added 0,21%. Resources rose 0,77%, although the gold- and platinum-mining indices were off a modest 0,04% and 0,08% respectively.

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/ 20 March 2007

JSE firmer, but off highs

The JSE remained in positive territory just before noon on Tuesday having pushed up strongly at the opening on the back of solid performances by United States and Asian markets. However, the bourse was off its highs due to a strengthening in the rand and an easing in its European counterparts.

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/ 19 March 2007

World markets, precious metals boost JSE

The JSE was looking strong across the board just before midday on Monday, taking its cue from its European and Asian counterparts. Higher precious metals prices gave the bourse a further boost. By 11.56am, the all share index added 1,32%. Resources rose 1,61% and the gold and platinum mining indices jumped 1,8% and 2,39% respectively.

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/ 15 March 2007

World markets, futures buying buoy JSE

The JSE was in positive territory in just before noon on Thursday, buoyed by the rebound in global markets. Futures buying, related to the close-out that was about to begin at noon, added impetus to the move. At 11.52am, the all-share index was up 2,01%. It tumbled 2,33% on Wednesday after concerns about the sub-prime mortgage market in the US rocked world markets.

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/ 13 March 2007

Futures buying boosts JSE

The JSE was in positive territory in noon trade on Tuesday boosted by futures-related buying ahead of Thursday’s close-out. A weaker rand was also assisting the local bourse, dealers said. By 12.03pm, the all share index added 0,4%. Resources rose 0,69%, the gold mining index mining index gained 0,91% and the platinum mining index perked up 0,32%.

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/ 9 March 2007

Uncertain JSE drifts weaker

The JSE was slightly weaker in noon trade on Friday, taking its cue from its European counterparts. With key United States non-farm payrolls and trade data both due out at 3.30pm, caution was the order of the day. By 12.01pm, the all-share index shed 0,19%. Industrials dipped 0,1%, while the financial and banks indices fell 0,53% and 1,2% respectively.

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/ 8 March 2007

Asian markets, commodities boost JSE

The JSE was up across the board in noon trade on Thursday, lifted by stronger Asian markets and higher commodity prices. There was also an element of futures-buying related to next Thursday’s close-out, dealers said. By 12.05pm, the all-share and all-share industrial indices added 1,44% and 1,08% respectively.

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/ 7 March 2007

JSE posts ‘unconvincing’ gains

The JSE remained modestly firmer in noon trade on Wednesday helped by a positive performance on United States markets overnight. Dealers remained unconvinced by the JSE’s gains, however, and believed more weakness was in store. By 11.52am, the all-share and all-share industrial indices added 0,4% and 0,88% respectively.

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/ 6 March 2007

JSE up in ‘dead-cat bounce’

The JSE was looking a bit greener in noon trade on Tuesday after a pick-up in both Asian markets and metals prices helped it recover from Monday’s scorching. Dealers, however, were sceptical about the sustainability of the move, describing it as "a dead-cat bounce".

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/ 5 March 2007

JSE hit hard by double whammy

The JSE headed back below the 25 000 level on Monday hit by the double whammy of weaker world markets and lower commodity prices. A softer rand did little to stem the bourse’s losses. The all-share index tumbled 2,51% to close at 24 919,460. It was its lowest close since January 12.

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/ 1 March 2007

Stronger Wall Street lifts JSE

The JSE was in positive territory in noon trade on Thursday after a recovery in United States markets overnight helped it bounce following two days of losses. A higher gold price also lent the bourse some support. By 11.55am, the all-share index added 0,62%. The all-share industrial and financial indices firmed 0,47% and 0,78% respectively, while the banks index was 0,64% better.

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/ 23 February 2007

JSE takes a breather after strong run

The JSE was pausing for breath in noon trade on Friday after its rally on Thursday to a closing high, which came on the back of higher commodity prices. By 12.12pm, the all-share index was off 0,35% at 26 603,220, although it did touch a record trading high of 26 770,949 mid morning. Resources retreated 0,49%, with the gold-mining index surrendering 0,62%.

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/ 20 February 2007

Analysts predict market-friendly budget

South African financial markets are generally expected to react positively when Finance Minister Trevor Manuel unveils his 2007/08 Budget on Wednesday, analysts say, with the JSE in particular seen benefiting. "Chances are that whatever the minister does, it will be good for equities," said Efficient Group chief economist Dawie Roodt.

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/ 15 February 2007

JSE remains positive, but off high

The JSE remained in positive territory just before midday on Thursday, but had come off a bit after reaching yet another high earlier in the session. Dealers said that futures activity was dominating trade, with world markets the catalyst for Thursday’s initial push onwards.

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/ 13 February 2007

JSE ticks up on futures buying

The JSE was a touch firmer in noon trade on Tuesday, buoyed by futures-related buying, dealers said. The gains came despite a weaker Dow overnight and a poor performance by the Hang Seng. By 12.04pm, the all-share and all-share industrial indices added 0,13% and 0,12% respectively.

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/ 12 February 2007

Weaker rand buoys JSE

The JSE was in positive territory just before midday on Monday, assisted by a weaker rand. The gains came despite weaker world markets. By 11.52am, the all-share index added 0,48%. Resources rallied 1,14%, the platinum-mining index jumped 1,85% and the gold-mining index climbed 0,38%.

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/ 9 February 2007

Resources lead JSE recovery

After losing ground over the previous two days, the JSE bounced into the black on Friday, with higher commodity prices boosting resources stocks. Positive European markets were also helping. By 11.55am, the all-share index added 0,56%. Resources rose 0,93% and the gold-mining index jumped 2,34%.

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/ 6 February 2007

Resources, world markets buoy JSE

After losing ground over the prior two trading days, the JSE was in positive territory in noon trade on Tuesday as higher commodity prices boosted resources stocks. However, gains were widespread, underpinned by firmer world markets. By 11.58am, the all-share index added 0,59%.

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/ 5 February 2007

JSE follows Asia south

The JSE was in negative territory at midday on Monday after a pull-back in Asian markets encouraged profit-taking locally. Metals prices’ failure to react to a rally in the oil price saw gold and platinum stocks under pressure. By 12.01pm, the all-share and all-share industrial indices shed 0,61% and 0,69% respectively.

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/ 31 January 2007

Golds, platinum lead JSE higher

The JSE was firmer in noon trade on Wednesday lifted by gold and platinum stocks. Gold Fields dominated trade following its announcement before the opening that it had placed 79-million new shares. By 12.02pm, the all-share index was up 0,14% at 25 517,650. It touched a record high of 25 654,051 in early trade.

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/ 25 January 2007

Gold Fields leads JSE lower

The JSE was marginally weaker in noon trade on Thursday, led down by Gold Fields which released disappointing results earlier in the session. On the whole, the market was directionless and order driven. By 12:08, the all share index eased 0,09% to 25 420,290 although it touched a fresh record high of 25 493,52 in opening trade.