The JSE was deluged with red just before noon on Tuesday, knocked by the double whammy of weaker world markets and lower commodity prices. A related sell-off in heavyweight resources stocks in London exacerbated the bourse’s woes. By 11.57am, the-all share index tumbled 2,14%.
After its slide at the opening on the back of weaker United States markets, the JSE was well off its worst levels in noon trade on Wednesday, following a turnaround on European markets. Overall, sentiment remained on the negative side, however. By 11.57am, the all-share and all-share industrial indices were 0,69% and 0,71% lower respectively.
The South African rand was looking soggy in early trade on Wednesday after sliding overnight on weakness in emerging-market currencies and stop losses triggered in euro-rand. Traders expected the local unit to weaken further, targeting the R6,80-per-dollar level.
The JSE was weaker in noon trade on Tuesday, taking its cue from European markets. The losses came on fairly light volumes. By 12.17pm, the all-share index shed 0,89%. Industrials and financials fell 0,46% and 1,05% respectively, while the banks index slid 1,64%.
The JSE was in positive territory in noon trade on Friday, boosted by a turnaround on world markets and a bounce in precious metals prices. While dealers were not convinced the strength would last, it was nevertheless welcomed after the recent weakness.
The JSE was deep in the red in noon trade on Thursday as the sell-off that has characterized the market over the past two weeks continued. Dealers said that foreigners appeared to be offloading local stocks in a move linked to the change in emerging-market sentiment.
The JSE was back in the red in noon trade on Wednesday, with weakness in global markets preventing it from building on Tuesday’s bounce. A weaker rand helped stem the bourse’s losses. By 12.10pm, the-all share and all-share industrial indices shed 1,04% and 1,02% respectively.
After its 2,76% fall on Monday, which capped seven days of losses, the JSE was back in the black in noon trade on Tuesday, supported by a more positive global picture and a recovery in commodity prices. The market remained cautious, however, due to uncertainty as to whether the recovery would be sustained.
While still in the red, the JSE was well off its lows at midday on Monday following a slight recovery in commodity prices. The all share index nevertheless remained below the psychological 20 000 level. By 12.07pm, the all share index was 1,16% softer at 19 966,02 after earlier touching a low of 19 784,02.
After being up over 1% at one stage, the JSE was well off its highs just before noon on Friday due to selective offshore selling of heavyweight stocks. Volumes were fairly light, which contributed to the market’s volatility. By 11.55am, the all share index was up 0,25%.
The JSE remained in the red in noon trade on Thursday after plunging at the opening following a sell-off on world markets overnight. The bourse was off its lows, however, helped by bargain hunting as well as strength in heavyweight resources stocks in London.
After two down days, the JSE bounced into the black on Wednesday boosted by a recovery in precious metals prices. Stronger Asian markets and a stabilisation in the rand further helped the local bourse. At 11.53am, the all share and all share industrial indices were up 0,74% and 0,77% respectively.
The JSE was weaker in noon trade on Friday following a sell-off on world equity markets. The local bourse fared much better than its global counterparts, however, because a sharply weaker rand and higher precious metals prices limited its losses. By 11.55am, the all-share and all-share industrial indices shed 0,65% and 0,62% respectively.
Resources again dominated activity on the JSE on Thursday morning, with buoyant commodity prices taking the all-share index to another record high in early trade. Weakness in the rand also assisted the bourse. At 11.55am, the all-share index was up 1% at 22 243,61 after earlier trading at an all-time high of 22 325,57.
The JSE was slightly higher in noon trade on Tuesday, with stocks such as gold counters bouncing after being sold off in late Monday trade. The market remained nervous, however, which made for light volumes. By 11.59am, the all-share index was up 0,24%. Resources rose 0,29%, the gold-mining index rebounded 1,07% and the platinum-mining index climbed 0,86%.
After rallying to another record high at the opening, the JSE surrendered its gains on Monday morning due to profit-taking, primarily in the resources sector. Heavyweights Anglo American and BHP Billiton had turned negative in London and the gold price had also come off its highs.
The JSE was in negative territory in noon trade on Tuesday, dragged down by widespread profit-taking. Weakness in heavyweight dual-listed stocks offshore further weighed on the local bourse. By 12.04pm, the all-share and all-share industrial indices shed 0,5% and 0,51% respectively.
The JSE was marginally firmer at midday on Monday, with heavyweight resources stocks keeping its head above water. Losses were seen in financials and industrials, however, and decliners outnumbered advancers on the all-share index by about three to two. By 12.10pm, the all-share index was up a marginal 0,04%.
The JSE had bounced into the black by noon on Friday, led by resources heavyweights Anglo American and BHP Billiton, which were up in London. A recovery in the gold price also helped the local bourse. By 12.01pm, the all-share index added 0,29%. Resources rose 0,7% and the platinum-mining index climbed 0,39%, while the gold-mining index was flattish (-0,04%).
The JSE was slightly stronger in noon trade on Thursday, with a rampant bullion price boosting gold stocks. Selling of resources heavyweights BHP Billiton and Anglo American pared the bourse’s gains, however. By 11.58am, the-all share index was up a marginal 0,09% at 21 118,77. It earlier touched a record high of 21 184,381.
The JSE’s all-share index was looking strong in noon trade on Wednesday after breaking above the 21 000 level for the first time in opening trade. The bourse was supported by global markets and commodity prices, and the negative effect of a stronger rand was minimal.
The JSE was on the advance in noon trade on Tuesday, with rampant commodities prices driving resources stocks higher. Futures-related activity saw buying spread to the rest of the market, making for across-the-board gains. At 11.58am, the all share index was up 1,38%.
The JSE was weaker just before noon on Wednesday with weakness on world markets encouraging profit-taking. A pullback in metals prices, several of which reached record highs on Tuesday, exacerbated the negativity. By 11.57am, the all-share index shed 1,07%. Resources retreated 2,02%, the gold-mining index tumbled 2,64% and the platinum-mining index eased 0,28%.
The JSE was weaker just before noon on Friday, dragged down by resources heavyweights Anglo American and BHP Billiton, which were weaker in the United Kingdom. Some pre-weekend profit-taking was also being seen, dealers said. By 11:53am, the all share index shed 0,25%, while the resources and platinum mining indices retreated 1,19% and 1,99% respectively.
Despite reaching a record high at the opening, the JSE was in the red in noon trade on Thursday, beaten into retreat by the rand, which broke below the R6 per dollar level. Telkom, which was hammered after it announced that it planned to spend 30 billion rand over the next five years in capital investment on its fixed line operations, also dragged on the bourse.
The JSE roared to another record high on Wednesday morning, led by resources heavyweights Anglo American and BHP Billiton, which continued to gain ground in London. Dealers expressed surprise at the JSE’s rally, given the rand’s continued strength and the fact that commodity prices had eased from their overnight highs.
Profit-taking, following its strong run in recent days, saw the JSE in negative territory just after noon on Tuesday. A stronger rand, gold coming off its highs and weakness in dual-listed stocks offshore all encouraged the selling locally. By 12.07pm, the all-share index shed 0,68%.
The JSE was in positive territory just before midday on Monday, supported by higher commodity prices. Trade was thin, which amplified gains. By 11.53am, the all-share index added 1,01%. Resources rallied 1,82%, the platinum-mining index jumped 3,88% and the gold-mining index gained 0,67%.
After extending its phenomenal run earlier on Friday, the JSE was in the red just before noon after hitting profit-taking. The weakness was in line with European markets and softer precious metals prices. At 11.57am, the all share index was down 0,86% and 20 499,61.
The JSE was roaring ahead in noon trade on Thursday, fuelled by soaring precious metals prices. Firmer world markets gave the move added impetus. By 12.14pm, the all-share index added 1,35%. Resources rallied 2,15%, with the gold- and platinum-mining indices jumping 3,6% and 2,8% respectively.
The JSE continued its journey into uncharted territory on Monday morning, propelled by higher precious metals prices. Media reports surrounding AngloGold Ashanti, which sparked speculation of consolidation in the gold mining sector, gave the move added momentum.
The JSE touched a record high in morning trade on Friday, helped by a softer rand and a rebound in commodity prices. It was nonetheless a fairly uneventful morning’s trade. By 11.56am, the all-share index was up 0,77% at 20 315,37 after earlier touching a lifetime high of 20 324,09.