Alison Maltz

The JSE Securities Exchange (JSE) was weaker at midday on Wednesday, dragged down by resources heavyweight Anglo American, which released below consensus results, and weaker world markets. Dealers said that the market’s focus was on Minister of Finance Trevor Manuel’s 2005/06 Budget speech at 2pm.

The JSE Securities Exchange was a mixed bag at noon on Friday after a dull morning session that lacked major drivers. At just over a billion rand, value traded was reasonable, but by no means fantastic. By 12.05pm, the all share index was down a marginal 0,07%. The financial and banks indices fell 0,55% and 1,08% respectively, while the platinum mining index weakened 0,86%.

The JSE Securities Exchange (JSE) was slightly softer in noon trade on Thursday, with a firmer rand and weaker world markets taking the edge off the local bourse. Banks and gold miners led the market’s upside, continuing Wednesday’s recovery from an oversold position. At 11.58am, the all-share index was down 0,27%.

The JSE Securities Exchange (JSE) roared to a record high on Monday morning, fuelled by a weaker rand and strong performances by heavyweight dual-listed stocks offshore. A firmer trend on world markets further helped sentiment. By 12.02pm, the all-share index was up 0,73% at 13 096,990 after earlier touching a highest-to-date 13 115,830.

The JSE Securities Exchange (JSE) was flat in noon trade on Friday, with no major drivers to give it direction. Dealers said that it was a typical Friday, with no real interest in the market. By 11.56am, the all-share index was a neither-here-nor-there 0,07% weaker. Resources were 0,41% in the red.

The JSE Securities Exchange (JSE) was flat at midday, with resources falling prey to profit-taking after their phenomenal run over the previous two days and banks bouncing from an oversold position. A weakening in the rand pared resources counters losses, dealers said. At 12.05pm, the all-share and gold-mining indices were flat.

The JSE Securities Exchange (JSE) raced to a record high of 12 904,090 on Tuesday morning when a weaker rand fuelled a rally in heavyweight resources stocks. The currency had the opposite effect on banks, which led the market’s downside. At 11.59am, the all-share index was up 0,52% at 12,865,220.

The JSE Securities Exchange was showing strength across the board at midday on Monday, bolstered by a weaker rand and firmer world markets. On the whole, sentiment towards equities was bullish, dealers said. By 12.08pm, the all share and all share industrial indices both added 0,71%.

The JSE Securities Exchange advanced into positive territory at the opening on Monday, following the trend on world markets. As tends to be the case, early volumes were light. By 9.13am, the all share and all share industrial indices added 0,57% and 0,52% respectively.

The JSE Securities Exchange was firmer at midday on Friday on the back of positive sentiment towards local equities. Neither the rand nor world markets had much to offer the local bourse in the way of direction. At noon, the all share index was up 0,25%.

The JSE Securities Exchange (JSE) extended its winning streak into a second day on Thursday, with firmer United States markets overnight and better-than-expected producer inflation (PPI) data released at 11.30am boosting sentiment. By 12.06pm, the all-share index added 0,64% and the all-share industrial index strengthened 0,69%.

The JSE Securities Exchange was in positive territory in noon trade on Wednesday, buoyed by bargain hunting and firmer global markets. Gold miner Harmony led the market’s downside after gold stocks were knocked in New York overnight. By 12.01pm, the all share index added 0,6%.

The JSE Securities Exchange was firmer at midday on Monday with local equities recovering from last week’s sell off. The gains came despite a firmer rand and weaker world markets. By 12.08pm, the all share and all share industrial indices added 0,3% and 0,22% respectively. Resources rose 0,57%.

After a positive opening in the black, the JSE Securities Exchange drifted into the red by noon on Friday, with a stronger rand weighing on heavyweight dual-listed and resources stocks. The decline set the bourse on course to post its fifth straight day of losses.

The JSE Securities Exchange (JSE) was a red deluge in noon trade on Wednesday as the profit-taking seen over the previous two days continued. A recovery in the rand to R6 per dollar added to the negative picture and decliners outnumbered advancers on the all-share index by about five to one.

The JSE Securities Exchange (JSE) was in the red at midday on Tuesday on the back of weaker world markets and a rotation out of banking and cyclical industrial stocks. Resources posted gains, however, helped by a weaker rand. At 12.05pm, the all-share and all-share industrial indices were 0,39% and 0,85% weaker respectively.

The JSE Securities Exchange was a mixed bag in early trade on Tuesday, with the bourse lacking clear direction. However, the market was expected to follow the rand. By 9.17am, the all share index was flat (-0,.02%) as were the gold and platinum mining indices.

The JSE Securities Exchange was a mixed bag at midday on Monday after a quiet morning’s trade. Banks were a feature on the upside on renewed talk of foreign interest in the sector. By 12.07pm, the all share index was up a marginal 0,1%. The banks index jumped 1,61%, helping financials to firm 0,7%.

The JSE Securities Exchange South Africa (JSE) was firmer in noon trade on Thursday after a sliding rand fuelled a rally in heavyweight resources stocks. Banks and retailers featured on the downside due to continued profit-taking on concerns about the weaker currency’s effect on consumer spending.

The JSE Securities Exchange (JSE) was in the red in noon trade on Tuesday due to profit-taking following the bourse’s rally to a record high on Monday. Poor performances by heavyweight stocks offshore and lower commodity prices added to the negative picture. By 12.01pm, the all-share index shed 0,54%.

The JSE Securities Exchange (JSE) was near a new high at midday on Monday after an extremely quiet morning’s trade. While the bourse was lifted by a weaker rand in early trade, it managed to maintain its strength despite a recovery in the currency. By 11.58am, the all-share index was up 0,46% at 12 715.

The South African rand was weaker against the dollar in early trade on Monday on the back of the latter’s recovery against major currencies. Currency traders said that the rand could post more losses and that it is likely to look to the euro for direction. At 8.36am, the rand was quoted at R5,6951 per dollar.

The South African rand remained strong against major currencies in late-afternoon trade on Tuesday after rallying to its best level since December 1998 earlier in the afternoon when dollar sales saw stop losses triggered at R5,68. Currency traders said the rand was likely to take its cue from the euro for the rest of the day.

This year will be remembered as the year that local equity bulls finally chased the bears into hibernation. As the JSE Securities Exchange’s (JSE) rally gathered steam, more and more money was pumped into the market, with people not wanting to be caught on the wrong side of the rally.

The JSE Securities Exchange (JSE) enjoyed a firmer opening on Wednesday, helped by futures activity ahead of the afternoon’s close-out and a strong performance on Wall Street overnight. Gains were seen almost across the board and advancers outnumbered decliners on the all-share index by almost four to one.