Alison Maltz

The JSE Securities Exchange (JSE) was flat at midday on Monday, with gains in industrials and financials being offset by rand-related losses in resource stocks. Volumes were light and dominated by futures activity ahead of Wednesday’s close-out. By 12.04pm, the all-share index was flat (-0,05%).

The JSE Securities Exchange was weaker in noon trade on Wednesday, taking its cue from world markets on which heavyweight resources stocks in particular were under pressure. A softer rand offset the local bourse’s losses. By 11.55am, the all share index was down 0,34%. Resources retreated 0,97% and the gold mining index tumbled 2,21%, while the platinum mining index lost 0,41%.

The JSE Securities Exchange (JSE) was weaker in noon trade on Tuesday, led lower by resources and telecommunications stocks, which were knocked by analysts’ downgrades. Trade was brisk, with about R1,5-billion-worth of shares changing hands. By 12.03pm, the all-share index slipped 0,65%.

The JSE Securities Exchange was weaker in noon trade on Friday, with lower commodity prices sending heavyweight resources stocks tumbling. Profit taking was also seen in some of the industrials and financials that enjoyed a strong run earlier in the week.

The JSE Securities Exchange bounded to an all-time high in opening trade on Thursday, again defying the rand, which was trading at its best levels since January 7, 1999. The bourse continued to be driven by positive sentiment and was further helped by a strong close on United States markets overnight.

The JSE Securities Exchange South Africa (JSE) was firmer in noon trade on Wednesday, with a softer rand lifting heavyweight dual-listed stocks. Sentiment towards stocks with a local economy focus remained positive and many of these also put in strong performances.

The JSE Securities Exchange (JSE) was weaker in noon trade on Tuesday on the back of profit taking after the bourse’s rally to record highs in recent days. A stronger rand weighed on heavyweight dual-listed and resources stocks, adding to the negative picture.

The JSE Securities Exchange charged to a record high on Friday, fuelled by positive sentiment towards equities. The bourse was ignoring the rand and world markets and seemed to have taken on a life of its own. By noon, the all share index was up 0,94% at 12 514,730 after earlier touching 12 525,180.

The JSE Securities Exchange was deep in the red just before midday on Monday, in line with world markets. However, volumes were fairly light compared to recent days. By 11.53am, the all share index was down 0,85%. Resources retreated 1,58%, with the gold and platinum mining indices losing 0,71% and 1,24% respectively.

The rand remained firm below the R6-per-dollar level in late morning trade on Thursday, although importer demand for dollars was preventing it from fully capitalising on strength in the euro, which was trading near record highs. At 11.39am, the rand was quoted at R5,9468 per dollar from an overnight close of R5,9651 on Wednesday.

Although off its highs seen in early trade, the JSE Securities Exchange (JSE) remained in the black in noon trade on Wednesday, taking its cue from world markets. By 12.05pm, the all-share and all-share industrial indices were up 0,48% and 0,63% respectively. Financials were 1,09% firmer, while the banks index jumped 1,38%.

The JSE Securities Exchange was in the black in noon trade on Tuesday after a weakening in the rand from a three-month best seen on Monday morning and an
uptick in world markets helped it bounce from an oversold position. Volumes were light ahead of Finance Minister Trevor Manuel’s medium term budget policy statement due at 2pm.

After taking a pounding in recent days, the JSE Securities Exchange bounced into the black at the opening on Thursday on the back of a rebound in European markets. Expectations that the rand’s recent rally had come to an end and continued strength in gold added to the positive picture.

The JSE Securities Exchange (JSE) was in positive territory in noon trade on Tuesday although a strengthening rand threatened to pare the bourse’s gains. Dealers said that the market was difficult to call and that there were no clear trends. At noon, the rand was quoted at R6,35 per dollar from R6,37 when the JSE closed on Monday.

The JSE Securities Exchange (JSE) was in the red in noon trade on Monday, led down by gold miner Harmony as the market reacted to its proposed takeover of rival Gold Fields — which led the market’s upside. Excluding activity in these two stocks, volumes were extremely light.

The JSE Securities Exchange drifted weaker at the opening on Wednesday on the back of a slight recovery in the rand. At 9.17am, the all share index was down 0,17%. Resources retreated 0,53% and the gold mining index surrendered 0,49%. The all share industrial (-0,02%) and platinum mining indices were flat. Financials firmed 0,2% and the banks index inched up 0,08%.

The JSE Securities Exchange South Africa moved further into uncharted territory on Friday as money continued to follow into local equities. A turnaround in European markets added to the positivity. By 11.55am, the all share and all share industrial indices were up 0.74% and 0.86% respectively. Resources rose 1.05%, the platinum mining index jumped 1.83% and the gold mining index gained 0.48%.

The JSE Securities Exchange South Africa, which reached a record high in early trade, remained in positive territory in noon trade on Thursday buoyed by a weaker rand. By 12h00, the all share index was up 0,74% at 12,012.990 after hitting an historic high of 12,054.690 in opening trade. Industrials were 0,71% stronger.