The JSE Securities Exchange (JSE) was drifting in the red just before midday on Monday, driven more by lack of interest than anything else, dealers said. Volumes were exceptionally light, with less than a quarter of a billion rands’ worth of shares having traded.
The JSE Securities Exchange (JSE) was flying high in noon trade on Friday, fuelled by the rand, which was sharply weaker against major currencies. Strength was seen across the board, with advancers outpacing decliners on the all-share index by about two to one and on the Top 40 index by six to one.
The JSE Securities Exchange (JSE) was forging ahead in noon trade on Wednesday, fuelled by a weaker rand and stronger world markets. While gains were seen across the board, they were most pronounced on the Top 40 index, on which only four shares were in the red.
While the South African stock market comes under pressure and exporters bleat about the dire consequences of the rand’s strength, there is a flip side to the rand coin and many of the benefits of a robust rand are going unheeded, commentators say. On Monday the rand touched R5,88 per dollar — its best level since January 1999.
The JSE Securities Exchange (JSE) was flat in noon trade on Tuesday as a slightly softer rand offset the negative effect of poor performances of heavyweight dual-listed stocks offshore. With no fresh news to drive the market, volumes were light. By 11.58am, the all-share and all-share industrial indices were 0,11% and 0,14% firmer respectively.
More black economic empowerment deals are on the cards in South Africa’s financial sector. Speculation in the market is that Cyril Ramaphosa’s Millennium Consolidated Investments is to form part of the BEE consortium that will take a 10% stake in Standard Bank.
The JSE Securities Exchange South Africa (JSE) roared ahead on Tuesday, fuelled by a softer rand and basket buying by futures players. While it was one of the smallest gainers, even the gold sector managed to finish firmer despite a lower bullion price.
The all-share, industrial and financial indices also closed firmer.
The JSE looked positive in noon trade on Tuesday on the back of basket buying by futures players. The rand traded slightly softer and a rebound on the Dow overnight added to the positive picture. Both the financial and banks indices firmed, while the all-share index was also stronger.
The JSE Securities Exchange South Africa (JSE) was a tad higher in noon trade in a market that, as is typical on a Monday, was very quiet. A dealer said that there was no fresh news to drive the bourse and that most of the moves were stock specific. By 11.54am, the all share index was up 0,28%.
The JSE Securities Exchange (JSE) surrendered early gains and was in the red in noon trade on Friday on the back of futures-related selling. Dealers said it had been a lacklustre morning’s trade and, while boosted by activity in Telkom and Anglo American, volumes were fairly light.
The South African rand was expected to test the key psychological six per dollar level on Thursday as it continued to rally on the back of offshore demand for the local unit. At 08h49, the rand was quoted at its best level since January 7, 2000, of 6,0451 per dollar from an overnight close of 6,10 on Wednesday and 6,2876 on Tuesday.
The JSE Securities Exchange (JSE) was marginally weaker in noon trade on Thursday as a strong rand continued to keep the bourse in check. On the market’s upside, gold stocks continued to benefit from a higher bullion price. The rand was quoted at R6,09 per dollar from R6,11 when the JSE closed on Wednesday.
The JSE Securities Exchange (JSE) was in positive territory in noon trade on Wednesday despite a recovery in the rand. Dealers said that offshore buying was buoying the bourse, which was fairly quiet. At 11.57am, the all-share and all-share industrial indices were up 0,34% and 0,32% respectively.
The JSE Securities Exchange (JSE) was marginally stronger in noon trade on Monday, lifted by heavyweight resources stocks that were up offshore. However, the low volumes were the morning’s most noticeable feature and with United States markets closed, were likely to remain so.
A weakening rand lifted the JSE Securities Exchange South Africa off its lows on Friday, although the bourse remained in the red in noon trade. Dealers said that the bourse had initially taken its cue from world markets, but the currency was now
providing some support.
The JSE Securities Exchange (JSE) was in positive territory in noon trade on Thursday, lifted by a slightly softer rand and basket-buying by futures players. Volumes were thin and the market’s illiquidity amplified its gains. At 12.02pm, the all-share index was up 0,68%.
The JSE Securities Exchange South Africa was in positive territory in noon trade on Wednesday, propelled by a firmer close on Wall Street overnight and a slightly softer rand. However, volumes were very light as players took to the sidelines ahead of the US Federal Open Market Committee decision on interest rates due in the evening.
Basket-selling by futures players on Tuesday acted in tandem with lower precious metal prices to send the JSE Securities Exchange (JSE) deep into the red by noon. Decliners outnumbered advancers on the all-share index by about two to one. By 11.56am, the all-share index weakened 1,1%.
The JSE Securities Exchange South Africa (JSE) was looking strong in noon trade on Friday, boosted by a slightly softer rand and futures-related buying. Advancers outnumbered decliners on the all share index by over four to one. By 11:59am, the overall was up 1,96%.
The JSE Securities Exchange South Africa was roaring ahead just after noon on Thursday, fuelled by stronger world markets and a weaker rand. Softer-than-expected producer inflation (PPI) numbers added to the positive picture. By 12h16, the all share index had strengthened 1,72%.
The JSE Securities Exchange South Africa was softer at midday on Monday, with a strong rand keeping the bourse in check. However, with no fresh news to encourage players, volumes were extremely light — less than half a billion rand worth of shares had changed hands.
Resources dominated activity on the JSE Securities Exchange (JSE) in noon trade on Thursday, though the market was flat overall with the positive impact of a weaker rand being offset by lower precious metals prices. Volumes were extremely light with just more than R600-million-worth of shares changing hands.
The JSE Securities Exchange South Africa (JSE) was mixed in noon trade on Wednesday after a lacklustre morning’s trade. Weakness in heavyweight resources stocks kept the overall index in the red, despite the fact that advancers slightly outpaced decliners.
After opening firmer in line with world markets, the JSE Securities Exchange (JSE) came off its highs by midday on Tuesday after the rand strengthened slightly. Dealers said that the market was rather featureless, lacking real drivers. By 11.59am, the all-share, financial and banks indices were all 0,29% firmer.
The JSE Securities Exchange (JSE) was marginally stronger in noon trade on Friday in a market that was extremely quiet ahead of the release of United States non-farm payrolls data at 2.30pm. Gold stocks pared the bourses gains, tumbling on the back of a lower bullion price and a poor performance by their ADRs in the US overnight.
The JSE Securities Exchange (JSE) was weaker in noon trade on Thursday, dragged down by a stronger rand and softer world markets. Losses were most pronounced on the Top 40 index, where decliners outpaced advancers by about five to two. By 11.57am, the all-share index was down 0,46%.
The JSE Securities Exchange South Africa (JSE) was in negative territory in noon trade on Tuesday, led by heavyweight dual-listed stocks which were dragged down by the stronger rand. Trade was thin — just more than half-a-billion-rand-worth of shares had changed hands — and lack of buying interest contributed to the weakness.
The JSE Securities Exchange South Africa (JSE) ticked up on Monday morning, buoyed by positive economic data released locally and buying by futures players. However, with many world markets closed, the gains came on very low volumes. At 11.54am, the all-share and all-share industrial indices were up 0,56% and 0,39% respectively.
The JSE Securities Exchange South Africa (JSE) was drifting in the red in noon trade on Friday, with heavyweight resources stocks dragged down by a stronger rand. Lack of buying interest also weighed on the local bourse, dealers said. By 11.50am, the all-share index was 0,62% weaker.
Unable to glean direction from either the rand or world markets, the JSE Securities Exchange South Africa (JSE) was nevertheless forging ahead in noon trade on Thursday, fuelled by basket buying by futures players. Dealers said that the gains came in fairly low volumes.
The JSE Securities Exchange South Africa (JSE) was looking strong in noon trade on Wednesday, with positive world markets, higher precious metals prices and basket-buying by futures players acting in concert to bolster the bourse. The gains came despite a stronger rand.
The JSE Securities Exchange South Africa (JSE) was drifting in the red just after noon on Thursday, dragged down by heavyweight resources stocks, which were weaker in London. A softer rand pared losses slightly. Resources retreated 0,85% and the platinum mining index lost 0,97%.