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/ 27 February 2004

JSE rises in thin trade

The JSE Securities Exchange South Africa (JSE) was firmer in noon trade on Friday, helped by strong performances by heavyweight dual-listed stocks offshore and general positive sentiment. However, volumes were very light — just more than R600-million-worth of shares had changed hands.

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/ 24 February 2004

Weaker world markets drag JSE down

The JSE Securities Exchange South Africa (JSE) was drifting in the red in noon trade on Tuesday, in line with weaker world markets. Dealers said the local bourse seemed to be biding its time ahead of the release of consumer inflation data on Wednesday and an announcement on interest rates the following day.

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/ 20 February 2004

JSE ticks up in quiet trade

The JSE Securities Exchange South Africa (JSE) was slightly firmer in noon trade on Friday, with a weaker rand and continued demand for heavyweights Anglo American and BHP Billiton giving the market a lift. However, volumes remained fairly light, dealers said.

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/ 16 February 2004

JSE flat in quiet trade

The JSE Securities Exchange South Africa (JSE) was flat just before midday on Monday, with no fresh news to drive the market. With United States markets closed for President’s Day, volumes were very light — just more than half a billion shares had changed hands.

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/ 12 February 2004

World markets, gold prop up JSE

The JSE Securities Exchange South Africa (JSE) was marginally positive in noon trade on Thursday, with a higher gold price and stronger world markets offsetting the negative effect of a stronger rand. The rand was quoted at R6,72 per dollar from R6,89 when the JSE closed on Wednesday.

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/ 9 February 2004

Gold stocks glister on dull JSE

Gold stocks glistered on the JSE Securities Exchange South Africa (JSE) at midday on Monday, helped by a higher bullion price and a strong performance by their ADRs in New York on Friday night. Overall, the market was firmer, but very quiet. At Resources rallied 1,55% in morning trade, with the gold mining index soaring 2,51%.

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/ 6 February 2004

JSE bounces as rand loses ground

After eight days of weakness, the JSE Securities Exchange South Africa (JSE) bounced into the black on Friday on the back of a weaker rand, which boosted heavyweight dual-listed stocks. At midday the rand was last trading at R7,05 per dollar, from R6,89 when the JSE closed on Thursday.

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/ 5 February 2004

JSE buckles under rand’s weight

The JSE Securities Exchange South Africa (JSE) was under pressure in noon trade on Thursday, with the stronger rand weighing on heavyweight dual-listed and resources stocks. The decline extended the bourse’s losing streak into its eighth day. At midday the rand was trading at R6,86 per dollar.

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/ 4 February 2004

JSE mixed at noon, lacks drivers

South African stocks presented a mixed picture in noon trade on Wednesday, with the JSE Securities Exchange South Africa (JSE) lacking major drivers and clear trends. At 12.05pm, the all-share index was down a marginal 0,1%. Financials and banks were 0,38% and 0,8% weaker respectively.

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/ 3 February 2004

JSE resilient in face of stronger rand

The JSE Securities Exchange South Africa (JSE) defied conventional wisdom on Tuesday by coming off its opening lows despite continued strength in the rand, which would normally weigh heavily on dual-listed and resources stocks. At midday the rand was quoted at R6,93 per dollar from R7,05 when the JSE closed on Monday.

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/ 2 February 2004

JSE mixed after quiet morning

The JSE Securities Exchange South Africa (JSE) was mixed at midday on Monday after a quiet morning on which the local bourse lacked major drivers. "It has been very quiet — one of the quietest days we have seen for quite a while with the exception of Christmas and New Year," a dealer said.

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/ 30 January 2004

JSE flat after volatile morning

The JSE Securities Exchange South Africa (JSE) was flat in noon trade on Friday after a volatile morning during which the rand determined the JSE’s overall direction. While a look at most sectors of the market revealed a pretty mixed bag, platinum stocks were under pressure on the back of a lower platinum price.

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/ 29 January 2004

JSE marches to rand’s beat

The JSE Securities Exchange South Africa (JSE) was marginally weaker in noon trade on Thursday after a roller-coaster morning on which the bourse took its cue primarily from a volatile rand. Weaker world markets were also weighing, dealers said. The rand was quoted at R6,96 to the dollar after earlier going as weak as R7,07.

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/ 28 January 2004

Strong rand sends JSE south

The JSE Securities Exchange South Africa (JSE) was in negative territory in noon trade on Wednesday, as a stronger rand dragged down heavyweight dual-listed and resources stocks. Selling filtered through to the rest of the market and decliners outnumbered advancers by about five to two.

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/ 26 January 2004

JSE mixed, but rand holds sway

The JSE Securities Exchange South Africa (JSE) was a mixed bag just before midday on Monday, in trade that was fairly quiet ahead of key economic data releases due out later in the week. While gold stocks dragged on the downside, a weaker rand saw heavyweight dual- listed stocks keep the bourse in the black overall.

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/ 23 January 2004

Banks, rand bolster JSE

Demand for banking stocks and a weaker rand saw the JSE safely in the black just before noon on Friday after an active morning’s trade, which saw about R1,5-billion-worth of shares change hands. At 11.55am, the all-share index was up 0,62%. Industrials and financials were 0,34% and 0,46% firmer respectively.

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/ 21 January 2004

Robust rand keeps JSE in check

The JSE Securities Exchange South Africa (JSE) was weaker in noon trade on Wednesday, with a robust rand taking its toll on heavyweight dual-listed and resources stocks. A weaker Dow overnight added to the negative sentiment and decliners outnumbered advancers on the all-share index by amount two to one.

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/ 19 January 2004

JSE flat, lacking direction

The JSE Securities Exchange South Africa (JSE) was flat at midday on Monday in a market that lacked major drivers. Dealers said that trade was quiet and with United States markets closed for Martin Luther King Day, there was a general lack of incentive to do anything.

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/ 14 January 2004

Rand hedges lead JSE higher

The JSE Securities Exchange South Africa was up in noon trade on Wednesday after opening an hour and 45 minutes late due to a technical problem. The rand weakened sharply in this time, which boosted the local bourse. The rand was trading at R7,13 per dollar from R6,90 when the JSE closed on Tuesday.

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/ 13 January 2004

Rand on the slide

The South African rand broke above the R7 per dollar level just before 2pm on Tuesday as geopolitical concerns continued to dampen sentiment towards the local unit. While market analysts said it was too soon to call an end to the rand’s firming trend, the local unit could be in for further weakness in coming days.

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/ 9 January 2004

JSE flat after choppy morning

The JSE Securities Exchange South Africa (JSE) was flat in noon trade on Friday after a volatile morning on which the bourse lacked major drivers. Dealers said most of the morning’s moves had been stock specific, with no clear trends. At midday, the all-share index was up a marginal 0,07%.

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/ 8 January 2004

JSE perks up as rand slides

After trading weaker all morning in a lethargic market, the JSE Securities Exchange South Africa (JSE) perked up in noon trade when the rand weakened suddenly — and sharply — against the dollar. Dealers expected more strength from stocks if the rand remained at weaker levels.

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/ 7 January 2004

Mixed performances leave JSE flat

South African stocks delivered mixed performances on Wednesday morning, leaving the JSE Securities Exchange South Africa (JSE) level overall. Gold stocks were a feature on the downside, but a weaker rand pared losses. The rand was quoted at R6,54 per dollar from R6,48 when the JSE closed on Tuesday.

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/ 7 January 2004

Stronger rand drags JSE down

The JSE Securities Exchange South Africa drifted weaker at the start on Wednesday, with a slightly stronger currency hurting heavyweight rand hedge stocks. Early volumes were once again fairly light, with less than R20-million worth of shares changing hands in the first 20 minutes of trade.

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/ 6 January 2004

Gold, platinum stocks bound ahead

Sizzling precious metals prices helped gold and platinum stocks bound ahead on Tuesday, helping the JSE Securities Exchange South Africa (JSE) recover from a soft start to trade in the black by noon. The rand also came off the morning’s best levels to help the local bourse.

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/ 6 January 2004

Rand steady after Monday’s rally

The South African rand was steady against major currencies in early trade on Tuesday after rallying over 20 cents against the dollar on Monday when the market was caught long dollars. Currency traders expect the rand to stabilise somewhat on Tuesday, but add that the rand’s firming trend remained intact.

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/ 30 December 2003

Gold stocks lead gainers on dead JSE

A strong bullion price saw gold stocks continue to find favour on the JSE Securities Exchange South Africa (JSE) in noon trade on Tuesday in a market that was up overall in line with its global counterparts. However, volumes were dismal, with less than R150-million-worth of shares changing hands.

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/ 24 December 2003

JSE finishes quiet session flat

The JSE Securities Exchange South Africa ended a seven-day winning streak on Wednesday, closing marginally weaker after an abridged Christmas Eve trading day. With a large number of players away, volumes were exceptionally light. When the bourse closed at noon, the all-share index was a marginal 0,13% in the red.