The JSE Securities Exchange South Africa (JSE) was drifting in the red in noon trade on Tuesday, dragged down by gold and platinum stocks, which were weaker on the back of lower precious metals prices. Heavyweight dual-listed stocks led the market’s upside, buoyed by a softer rand and in some cases positive performances offshore.
The JSE Securities Exchange South Africa (JSE) was in the red, but well off the morning’s worst levels, just before midday on Monday, moving in line with the rand — one of the morning’s major drivers. While weaker world markets were also dragging on the downside, higher precious metals prices offset losses somewhat.
Despite its stronger start, the JSE Securities Exchange South Africa (JSE) drifted into the red by noon on Friday on the back of weaker European markets and general lack of interest. Volumes were extremely thin and some selling by futures players added to the negative picture.
The JSE Securities Exchange South Africa (JSE) was in positive territory in noon trade on Thursday after bargain hunters, encouraged by the Dow’s rebound late on Wednesday, returned to the market after its recent sell-off. A softer rand also helped the local bourse.
Gold stocks shone on Wednesday in noon trade on the JSE Securities Exchange South Africa (JSE), which was flat overall after a quiet morning’s trade. Solid corporate results released before the opening were also positive for the local bourse, but these influences were offset by a firmer rand and weaker European markets.
The JSE Securities Exchange South Africa (JSE), which bounced into the black at the opening after a sharp sell-off on Monday, was soon back in the red on Tuesday dragged down by basket-selling by futures players. However, dealers said that definite bargain-hunting was being seen at stocks’ lower levels.
The JSE Securities Exchange South Africa (JSE) was bleeding heavily at midday on Monday, hammered by weakness on global markets and lower commodity prices. Losses were incurred across the board and decliners outnumbered advancers on the all-share index by four to one.
The JSE Securities Exchange South Africa (JSE) was in positive territory in noon trade on Wednesday as it continued to rebound after weakening sharply last week. Resources led the way, despite a stronger rand. At 12.03pm, the all-share and all-share industrial indices were up 0,35% and 0,23% respectively.
The JSE Securities Exchange South Africa (JSE) was roaring ahead in noon trade on Tuesday as buyers, encouraged by a strong performance on Wall Street overnight, returned to the market. Even the rand’s recovery from weaker levels seen earlier in the day failed to slow the bourse’s rally.
The JSE Securities Exchange South Africa (JSE) was drifting in the red just before midday on Monday, dragged down by weaker world markets. Volumes were extremely thin due to the bank holiday in London and dealers said that it had been a dull morning’s trade.
The JSE Securities Exchange South Africa was weaker in noon trade on Friday on the back of weakness on Wall Street overnight and poor performances by heavyweight dual-listed stocks in Europe. Platinum stocks were a feature on the upside, bouncing from an oversold position.
Pulp and paper producer Sappi was the all-share index’s best performer on Friday afternoon, after rival International Paper reported better-than-expected results. At 2.26pm, Sappi shares were trading at R97,01, up 8,4% or R7,52 from their previous close, after touching R97,51 a few minutes earlier.
The JSE Securities Exchange South Africa (JSE) was in positive territory in noon trade on Friday, led by heavyweight dual-listed stocks that performed well on strong offshore markets. With the exception of gold shares, the gains of which were pared, the bourse largely managed to shrug off a firmer rand, dealers said.
Shares in South African steel producer Iscor, which were already under pressure, extended their losses on Thursday afternoon after the group released its results for the March quarter. At 2.23pm, Iscor shares were trading at R36, down 5,26% or two rand from their previous close.
The JSE Securities Exchange South Africa remained in the black, but was well off its intraday highs, in noon trade on Thursday, as lower commodity prices and softer European markets offset the weaker rand’s positive influence. Volumes were impressive, boosted by a late trade in JD Group that was only recorded on Thursday morning.
A red tide was sweeping the JSE Securities Exchange South Africa (JSE) in noon trade on Wednesday, stemmed only by a softer rand. A lower bullion price, a dismal performance by their ADRs in New York overnight and bad news out of AngloGold conspired to make the gold sector the worst performer in a weak market.
The JSE Securities Exchange South Africa (JSE) was awash with red in noon trade on Thursday, playing catch-up with world markets, which were down on Tuesday night and again on Wednesday, when the local bourse was closed for the elections. Weakness was most pronounced at the top end of the market.
Platinum stocks were one of the few features on the JSE Securities Exchange South Africa (JSE) on Tuesday in a market that was extremely thin due to the public holidays on Monday and Wednesday. Overall, the market was firmer, helped by stronger world markets and a softer rand.
The JSE Securities Exchange South Africa (JSE) was marginally firmer in noon trade on Thursday, propped up by Richemont and BHP Billiton, which were up strongly offshore. However, overall the market was quiet and, when compared to the last couple of days, volumes thin.
The JSE Securities Exchange South Africa (JSE) was off its lows, but remained in the red, in noon trade on Wednesday, with a stronger rand weighing on heavyweight dual-listed and resources stocks. However, the rand’s strength failed to keep buyers away and on the all-share index advancers slightly outpaced decliners.
The JSE Securities Exchange South Africa (JSE) was firmer in noon trade on Friday, buoyed by positive sentiment and strong performances by heavyweight dual-listed stocks offshore. However, as has been the case all week, volumes were fairly light with just more than R700-billion-worth of shares having changed hands.
The JSE Securities Exchange South Africa (JSE) was riding high in noon trade on Thursday, lifted by stronger European markets and a slightly softer rand. However, volumes were fairly light, with R650-million-worth of shares changing hands. At 11.54am, the all-share index was up 0,71%.
The rampant rand wreaked havoc on the JSE Securities Exchange South Africa (JSE) on Tuesday morning, sending heavyweight resources and dual-listed stocks sprawling. Platinum counters, hit by the double whammy of the strong rand and a lower platinum price, were down sharply.
The JSE Securities Exchange South Africa (JSE) was riding high just before noon on Thursday on the back of a softer rand and stronger European markets. Dealers said that bargain hunting was also being seen with several stocks looking cheap after being sold off over the past couple of days.
The JSE Securities Exchange South Africa (JSE) was bleeding in noon trade on Tuesday on the back of weaker world markets overnight and a stronger rand. By 11.56am, the all-share and all-share industrial indices were down 1,18% and 1,47% respectively. The rand was quoted at R6,53 per dollar.
The rand was stuck in a very narrow range against the dollar in late morning trade on Friday in a quiet, flow-driven market. Currency traders expected the rand to remain range bound for the rest of the day.
The JSE Securities Exchange South Africa (JSE) was awash with red in noon trade on Thursday, ignoring a softer rand to focus instead on global market weakness. Losses were widespread and decliners outnumbered advancers on the all-share index by more than two to one.
The JSE Securities Exchange South Africa (JSE) was weaker just before noon on Tuesday, with a stronger rand weighing on heavyweight dual-listed and resources stocks. Volumes were light and just more than half a billion rands’ worth of shares had been traded.
The JSE Securities Exchange South Africa (JSE) was weaker at midday on Monday on the back of a stronger rand and general lack of buying interest in the market. Volumes were extremely light — less than R400-million-worth of shares had changed hands.
The JSE Securities Exchange South Africa (JSE) was up marginally just before noon on Friday in a market that lacked major drivers. Volumes were extremely light as players awaited the release of United States jobs data at 3.30pm, with dealers saying that a better-than-expected report could spark buying interest on global bourses.
The JSE Securities Exchange South Africa (JSE) was slightly weaker in noon trade on Thursday due to a slightly stronger rand, which weighed on heavyweight resources stocks. Dealers said that it had been a slow morning, with low volumes. At 12.10pm, the all-share index was down 0,26%.
The JSE Securities Exchange South Africa (JSE) forged to its highest level since May 2002 on Tuesday, spurred by offshore demand for resources stocks and general positive sentiment. Strength was most pronounced at the top end of the market, with advancers outnumbering decliners on the Top 40 index by almost four to one.