The JSE remained in positive territory just after midday on Monday, but was well off its highs mainly due to weakness in European markets. Platinum stocks led the JSE’s upside helped by a higher platinum price and positive results from AngloPlat. By 12.13pm, the all-share and all-share industrial indices added 0,25% and 0,26% respectively.
The JSE was weaker in noon trade on Friday on profi-taking after Thursday’s strong run. Softer world markets contributed to the negativity. By 12.07pm, the all share index slipped 0,73%. Resources retreated 1,07%, the gold mining index tumbled 2,26% and the platinum mining index lost 1,63%.
The JSE remained in positive territory in noon trade on Thursday, helped by world markets and higher commodity prices. The bourse so far proved quite resilient in the face of far-worse-than-expected producer price index (PPI) data released at 11.30am.
The JSE was in positive territory in noon trade on Wednesday after the turnaround on the Dow overnight encouraged investors. The gains came on thin volumes however. By 12.03pm, the all share index added 0,55%, while the all share industrial and financial indices firmed 0,39% and 0,73% respectively.
The JSE was in positive territory at midday on Monday in line with European markets. Gold stocks bucked the trend, however, dragged down by the lower bullion price. By 11.49am, the all-share index added 0,87%. The all-share industrial and financial indices firmed 1,26% and 1,1% respectively, while the banks index climbed 1,28%.
The JSE was in positive territory in noon trade on Wednesday as firmer world markets encouraged bargain hunting locally. A lower bullion price saw gold stocks feature on the market’s downside. At 12.01pm, the all share and all share industrial indices strengthened 0,41% and 0,86% respectively. Financials firmed 1,41% and the banks index jumped 2,17%.
After making a brief foray into positive territory in early trade, the JSE was back in the red shortly before noon on Tuesday as uncertainty on global markets took its toll. A slightly stronger rand and lower base metals prices added to the bourse’s woes. By 11.41am, the all-share index shed 0,34%.
The JSE was weaker at midday on Monday, after negative global sentiment saw it surrender early gains. Gold stocks bucked the trend, thanks to a higher bullion price. By noon, the all share index shed 1,12%. Industrials and financials fell 1,09% and 1,78% respectively, while the banks index tumbled 2,98%.
The JSE was weaker in noon trade on Friday as concerns about the record high oil price and its inflationary effects continued to dampen global market sentiment. The bourse was well off its lows, however, helped by a higher gold price and an element of bargain hunting.
The JSE was weaker in noon trade on Thursday, unable to escape the red tide that was sweeping world markets. Steep losses were seen in interest-rate-sensitive stocks — a weaker rand meant they were hit by a double whammy. "Obviously we are following world markets. Everything is in the red," a dealer said.
The JSE was in positive territory in noon trade on Wednesday, propelled by higher precious-metals prices and stronger world markets. Volumes were again light, however, as players remained nervous about committing money to the market in a big way. By midday, the all-share index added 1,5%.
The JSE was just marginally weaker before noon on Tuesday after a directionless morning characterised by light volumes. A marginally weaker rand and a rebound in commodity prices failed to benefit resources stocks. By 11.55am, the all-share and all-share industrial indices both dipped 0,1%.
The JSE was in positive territory in noon trade on Thursday, helped by stronger European markets and higher commodity prices. It was another quiet morning and just over R2-billion worth of shares had changed hands. By 12.03pm, the all share and all share industrial indices added 1,23% and 0,95% respectively.
The JSE was weaker in noon trade on Wednesday in line with world markets. Renewed interest-rate jitters sparked by a weaker rand and concerns about North Korea’s missile tests also contributed to the weakness. By 12.06pm, the all-share and all-share industrial indices slipped 0,7% and 0,62% respectively.
The JSE was weaker in noon trade on Tuesday, dragged down by lower precious metals prices, softer European bourses and a general lack of buying interest in a market that was very quiet due to the Independence Day holiday in the United States.
The JSE was slightly firmer just after midday on Monday, benefiting from higher commodity prices. Volumes were extremely light, however, ahead of Tuesday’s Independence Day holiday in the US. By 12.15pm, the all-share index inched up 0,15%. Resources rose 0,21%, the gold-mining index gained 0,72% and the platinum-mining index perked up 1,26%.
The JSE was in positive territory at noon on Thursday, in line with world markets, which were all stronger ahead of the United States Federal Open Market Committee. At 12.01pm, the all-share index added 1,36%. Resources rallied 1,94%, the platinum-mining index jumped 1,96% and the gold-mining index gained 0,53%.
The JSE was a mixed back just after noon on Wednesday, with players switching out of resources — the recent stars of the market — and into banks and retailers which were sold down sharply. Overall, the air was one of caution ahead of the US Federal Open Market Committee decision on interest rates due on Thursday night.
The JSE was in negative territory in noon trade on Tuesday with a recovery in the rand sparking profit taking in stocks that benefited from the currency’s weakness in recent days. Banks, which were hit hard by concerns about the interest rate implications of the rand’s weakness, led the market’s upside.
The JSE was in negative territory in noon trade on Friday, as concerns about the economy saw the sell off in banks and local-economy-centred industrials seen in recent days gain momentum. Only a handful of rand hedge stocks managed to keep their heads above water, helped by the sharply weaker currency.
The JSE was up strongly in noon trade on Thursday, boosted by a weaker rand, stronger world markets and higher commodity prices. The market remained very nervous, however, and volumes were fairly light. By 12.03pm, the all-share index advanced 2,02%. Resources rallied 3,54%, the gold mining-index surged 5,27% and the platinum-mining index jumped 3,74%.
The JSE was firmer in noon trade on Wednesday, with a sharply weaker rand boosting resources and dual-listed stocks. The heavyweight of the rand hedges distorted the true picture, which was actually a much more mixed one. By 12.15pm, the all share and all share industrial indices added 0,77% and 0,56% respectively.
The JSE was firmer in noon trade on Tuesday, with platinum stocks flying, fuelled by a higher platinum price and weaker rand. The underlying picture was a mixed one, however, and on the all-share index decliners slightly outnumbered advancers. By 11.59am, the all-share index added 0,68%.
The JSE was in positive territory at midday on Monday, buoyed by firmer European markets, a weaker rand and an overhang from Thursday’s futures closeout. Gold stocks shone following a strong performance by their ADRs (American Depository Receipts) in New York on Friday.
The JSE was roaring ahead in noon trade on Thursday, benefiting from the three perks of stronger world markets, higher commodity prices and buying related to the futures close-out, which had just got underway, dealers said. Trade was brisk and about R5-billion worth of shares had already changed hands.
The JSE was firmer at midday on Wednesday, having bounced after Tuesday’s sell off. By 12.21pm, the all share and all share industrial indices added 0,82% and 0,93% respectively. Resources rose 0,9% and the gold mining index jumped 2,09%, but the platinum mining index lost 0,57%.
The JSE was taking a merciless pummeling in noon trade on Tuesday as weaker world markets and lower commodity prices exacted a heavy toll. Basket selling by futures players ahead of Thursday’s closeout exacerbated the downward pressure. By 12.15pm, the all share index was down 4,42%.
The JSE was in negative territory at midday on Monday after a quiet morning’s trade. Lower commodity prices and futures-related selling ahead of Thursday’s close out were both weighing on the local bourse. By 12.05pm, the all-share index shed 1,62%. The resources and gold-mining indices tumbled 2,16% and 2,7% respectively.
The JSE was in positive territory just before noon on Friday, having rebounded sharply at the opening following Thursday’s sell off. The recovery was in line with world markets. By 11.48am, the all-share index added 1,54%. Resources rallied 2,17%, the gold-mining index gained 1,18% and the platinum-mining index perked up 1,26%.
The South African rand was firmer against the dollar in early trade on Friday as the market digested Thursday afternoon’s surprise 50-basis-point rate hike to 7,5% by the South African Reserve Bank monetary policy committee (MPC). The rand’s move came despite weakness in the euro and gold.
The JSE on Thursday suffered its worst loss since April 17 2000 — the bursting of the internet bubble — when a surprise rate hike locally saw the stuffing knocked out of a market that was already sagging under the weight of weaker world markets and lower commodity prices.
The JSE was deep in negative territory at noon on Thursday as weakness on world markets, lower commodity prices and interest-rate fears continued to weigh. Basket selling by futures players amplified the bourse’s losses. By 11.59am the all-share and all-share industrial indices slid 3,22% and 3,42% respectively.