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/ 23 March 2006

US markets lift JSE

The JSE was firmer in noon trade on Thursday helped by positive US markets overnight. Strength in heavyweight resources stocks in London played a major role in the bourse’s strength. By 12.06pm, the all share index added 0,52%. Resources rallied 0,89% and the platinum mining index inched up 0,09%, but the gold mining index lost 0,77%.

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/ 16 March 2006

Miners, futures activity knock JSE

The JSE was in the red in noon trade on Thursday, dragged down by weakness in heavyweight resources stocks offshore as well as futures activity related to the closeout which commenced at 12 noon. By 12:07, the all share and all share industrial indices were down 0,33% and 0,29% respectively.

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/ 15 March 2006

Futures-buying boosts JSE

The Johannesburg Stock Exchange (JSE) was firmer in noon trade on Wednesday, buoyed by futures-related buying ahead of Thursday’s closeout. By 11.49am, the all-share index added 0,73%. Resources rallied 1,23%, with the gold- and platinum-mining indices jumping 1,96% and 2,49% respectively.

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/ 13 March 2006

Global markets, gold give JSE a lift

The JSE was firmer just before midday on Monday lifted by stronger global markets and higher precious metals prices. The gains came on fairly low volumes, however. By 11.54am, the all-share index added 0,73%. Resources rallied 1,91%, the gold-mining index jumped 2,78% and the platinum-mining index perked up 1,1%.

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/ 10 March 2006

Global jitters weigh on JSE

The JSE was weaker in noon trade on Friday following a negative close on Wall Street overnight. Lower precious metals prices further weighed on the local bourse. By 11.58am, the all share index shed 0,24%. Resources retreated 1%, the gold mining index tumbled 2,44% and the platinum mining index lost 0,72%.

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/ 9 March 2006

JSE bounces after sell-off

The JSE was in positive territory just before noon on Thursday, having bounced following the previous two days’ sharp sell-off. However, dealers questioned whether the bourse’s recovery was sustainable, saying there was still a lot of negative sentiment in the market.

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/ 8 March 2006

JSE weaker during choppy trade

The Johannesburg Stock Exchange (JSE) was slightly weaker just before noon on Wednesday after a choppy morning session. Dealers attributed the bourse’s softer tone to weaker European markets and lower precious-metals prices. By 11.56am, the all-share and all-share industrial indices shed 0,3% and 0,37% respectively.

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/ 28 February 2006

Offshore selling knocks JSE

The JSE was awash with red just after noon on Tuesday, dragged down by selling from offshore. With many local players absent due to the public holiday on Wednesday, thin volumes exacerbated the market’s weakness. By 12.14pm, the all share index slipped 1,14%.

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/ 22 February 2006

Weaker rand boosts JSE

The JSE was firmer in noon trade on Wednesday, with a weaker currency boosting heavyweight rand hedge stocks. Good corporate results released before the opening further helped sentiment. By 12.07pm, the all-share and all-share industrial indices added 1,44% and 1,26% respectively.

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/ 17 February 2006

Commodity rebound boosts JSE

The JSE was firmer in noon trade on Friday after a recovery in commodity prices boosted heavyweight resources stocks. Bargain hunting after five days of losses added to the bourse’s strength. By 11.55am, the all share index added 1,04%. Resources rallied 1,49%, the platinum mining index surged 4,9% and the gold mining index jumped 1,92%.

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/ 15 February 2006

Bargain hunters give JSE a lift

The JSE was in positive territory just before noon on Wednesday lifted by bargain hunting after three days of losses. Volumes were fairly light, however, as players adopted a cautious approach ahead of Minister of Finance Trevor Manuel’s Budget speech at 2pm. At 11.51am, the all-share index added 0,95%.

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/ 14 February 2006

Commodities drag JSE down

The JSE was a sea of red at noon on Tuesday after lower commodity prices sparked a widespread sell off. Decliners outnumbered advancers on the all share index by more than two to one. By noon, the all share index weakened 0,77%. Resources retreated 1,16%, with the gold and platinum mining indices dropping 3,36% and 3,04% respectively.

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/ 10 February 2006

Tax cuts, forex-control relaxation expected

Both tax relief and relaxation of exchange controls can be expected when Minister of Finance Trevor Manuel unveils his 2006/07 Budget next Wednesday. At a briefing in Sandton, Efficient Group chief economist Dawie Roodt said the numbers from November’s Medium-Term Budget Policy Statement showed that the minister would need R437-billion for the coming fiscal year.

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/ 9 February 2006

JSE higher, but rand pares gains

The JSE was back in positive territory in noon trade on Thursday, lifted by a rebound in the gold price and stronger world markets. A firmer rand pared the bourse’s gains, however. By 11.58am, the all-share index added 0,13% and the all-share industrial index inched 0,07% higher.

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/ 8 February 2006

JSE down in resources-led correction

JSE went down like a lead balloon on Wednesday morning after a oil-triggered sell off in commodities overnight sparked aggressive profit-taking in heavyweight resources stocks. Weaker world markets aggravated matters. By 12.01pm, the all share index slipped 1,69%. Resources slumped 3,01%, with the gold and platinum mining indices plunging 3,94% and 4,34% respectively.

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/ 7 February 2006

Futures-related selling shunts JSE south

The JSE was weaker in noon trade on Tuesday after futures-related selling forced it to surrender gains seen earlier in the day. Derivatives players were engaged in both hedging and profit-taking activity, traders said. By 11.54am, the all-share and all-share industrial indices shed 0,97% and 0,45% respectively.

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/ 3 February 2006

JSE awash with red on profit-taking

The JSE was deep in the red and back below the 20 000 level just before noon on Friday after weakness on United States markets overnight triggered the profit taking that had been anticipated following the bourse’s phenomenal run in recent days. Losses were seen across the board.

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/ 2 February 2006

Bulls continue record charge

The bulls continued to rampage on the JSE on Thursday, taking the bourse to yet another record high following its historic break Wednesday above the 20&mnsp;000 level. A softer rand, higher precious metals prices, firmer United States markets overnight and overwhelmingly positive sentiment towards local equities all contributed to the JSE’s strength.

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/ 1 February 2006

Resources take JSE to record high

The JSE overcame a weaker opening to roar to a record high on Wednesday morning, led by rampant resources stocks. Strength spread to the rest of the market and advancers outnumbered decliners on the all-share index by almost three to one. By 12.02pm, the all-share index was up 0,99% at 19 941,26.

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/ 30 January 2006

JSE turns negative on profit-taking

Despite reaching a record high in early trade, the JSE was in the red at midday on Monday due to profit-taking following the bourse’s strong run last week. A weaker rand pared the bourse’s losses, however. By 12.04pm, the all-share index was down 0,2% at 19 679,31 — well off its all-time high of 19 873,609 reached earlier.

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/ 25 January 2006

World markets, sentiment boost JSE

The JSE reached another record high just after noon on Wednesday boosted by stronger world markets, a higher gold price and confidence in South African equities. At 12.04pm, the all-share index was up 0,51% at a lifetime high of 19 113,92. The rand was bid at R6,01 per dollar.

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/ 23 January 2006

Bargain hunters take JSE off lows

The JSE was weaker at midday on Monday following Friday’s sharp fall on Wall Street. The bourse was nevertheless well off the morning’s worst levels, with bargain hunters looking to pick up cheap stock. By 12.12pm, the all-share and all-share industrial indices weakened 0,68% and 0,77% respectively.

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/ 17 January 2006

Strong rand, profit-taking knock JSE

The JSE ended on a bearish note on Monday, dragged down by a stronger rand, profit-taking and lack of impetus from New York which was closed for a holiday. Gold stocks shone, however, boosted by a rampant bullion price. The all share index finished 1,29% weaker at 18 328,7 — well off its record high of 18 696,84 reached in opening trade.

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/ 13 January 2006

JSE eases as world markets fall

The JSE was marginally weaker in noon trade on Friday, taking its cue from world markets. A slightly softer rand and strength in retailers — which were boosted by a positive trading update from Foschini — pared the bourse’s losses. By 12.03pm, the all-share index shed 0,2%.

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/ 12 January 2006

JSE up despite rampant rand

The JSE was slightly firmer in noon trade on Thursday as it managed to post gains despite a rampant rand. Stronger United States and Asian markets and South Africa’s favourable interest rate outlook had a positive influence on the local bourse.

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/ 12 January 2006

Rand trades below R6 a dollar

The South African rand was trading below the key R6-per-dollar level in early trade on Thursday, which it broke overnight on the back of a stronger euro and news that competition authorities had approved the Vodafone-Vodacom deal. The local unit was last below R6 per dollar on May 9 last year.

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/ 11 January 2006

Weaker rand gives JSE a boost

The JSE was in positive territory at midday on Wednesday, boosted by a softer rand. Gains were seen across the board and advancers outnumbered decliners on the all-share index by three to one. At noon, the all-share and all-share industrial indices added 0,78% and 0,64% respectively.

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/ 10 January 2006

JSE eases as players take profits

The JSE was weaker just before noon on Tuesday, dragged down by profit-taking following the bourse’s rally to a number of record highs in recent days. Weakness on European and Asian markets and continued rand strength contributed to the negativity. By 11.52am, the all-share index had shed 0,49%.

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/ 9 January 2006

Gold helps JSE to record high

The JSE roared to yet another record high on Monday morning spurred on by a rampant gold price. Positive sentiment towards equities also contributed to the bourse’s strength. By 11.55am, the all share index was up 0,97% at 18 592,87 after earlier touching a highest ever 18 623,561.