The JSE Securities Exchange (JSE) reached yet another record high on Wednesday, led by resources heavyweights BHP Billiton and Anglo American, which were bolstered by United Kingdom-listed Rio Tinto’s solid results released before the opening. Gold stocks led the market’s downside on the back of a stronger rand.
The JSE was firmer in noon trade on Tuesday, with stronger European markets underpinning already positive sentiment towards equities. The gains came despite a slightly firmer rand. By 11.55am, the all share index added 0,42%. The financial and banks indices firmed 0,74% and 1,47% respectively.
The JSE Securities Exchange (JSE) was firmer at midday on Monday, lifted by positive global sentiment towards equities. Stocks that fell on Friday due to profit-taking ahead of the weekend recouped their losses, dealers said. By 12.02pm, the all-share index added 0,49%.
The JSE was higher in noon trade on Wednesday as buyers returned to the market, which pulled back on Tuesday following its rally to successive record highs. Dealers said the strength was primarily the result of positive sentiment, which was further enhanced by the release of better-than-expected consumer inflation data at 11.30am.
The JSE Securities Exchange’s (JSE) all-share index broke above the tempting 15 000 level for the first time on Friday, fuelled by continued demand for South African equities. Expectations of solid corporate results enhanced already positive sentiment. By 11.48am, the all-share index was up 0,54% at 15 002,06.
The JSE Securities Exhange (JSE) continued to break new ground, pressing to a record high for the eleventh day this month on Thursday on continued demand for South African equities. The gains came despite a stronger rand. At 12.04pm, the all-share index was up 0,36% at 14 932,4 after earlier trading as high as 14 953,09.
The JSE was weaker just before noon on Wednesday due to profit taking following the bourse’s strong run earlier in the week. A slightly firmer rand exacerbated the negativity. By 11.54am, the all share index shed 0,35%. Industrials lost 0,71%, financials fell 0,57% and the banks index was 0,67% in the red.
The JSE Securities Exchange (JSE) was stronger in noon trade on Tuesday as SABMiller’s announcement before the opening that it was acquiring a controlling interest in Bavaria in Latin America lifted traders’ spirits. Dealers said that while there were pockets of profit-taking on the bourse, overall sentiment remained positive.
The JSE was weaker at midday on Monday with the profit taking that began on Friday continuing, following the bourse’s phenomenal run — which took it to successive record highs — the previous week. Being a Monday, and with no fresh news to draw buyers into the market, volumes were light.
The JSE continued its climb to record highs on Thursday, lifted by a weaker rand and stronger world markets. However, dealers said that the market’s upward momentum had eased following its phenomenal rise in recent days. At 12.07pm, the all share index was up 0.88% at 14 801,19 after trading as high as 14 811,64.
The JSE was mixed, but nevertheless marginally higher, at midday on Wednesday after reaching another record high earlier in the morning. Dealers said that the rand was playing a key role, weighing on gold and platinum stocks, but benefiting banks.
The JSE continued to press on to record highs on Tuesday despite heavyweight resources stocks being dragged down by a stronger rand. Banking group FirstRand led the upside on a mediareport that it could be the target of a takeover by Citigroup.
The JSE Securities Exchange (JSE) rallied to a new high on Friday morning, boosted by futures-related buying. A softer rand further helped the local bourse. By 11.57am, the all-share index added 0,94% to 14 435,98, having touched a lifetime high of 14 438,06 a few minutes earlier.
The JSE was sharply weaker just after noon on Thursday as a series of explosions in London rocked world markets. Trade was brisk — over two billion rand worth of shares had changed hands. By 12.14pm, the all share index was down 2,05%. Industrials and financials slid 2,26% and 2,1% respectively.
The JSE was just marginally weaker just before midday on Wednesday in extremely quiet trade. Dealers said that while rand hedge stocks were lower on the back of the firmer currency, there was nothing to give the rest of the market direction. At 11.53am, the all share index was down a neither-here-nor-there 0,04%.
The JSE Securities Exchange (JSE) was flat in noon trade on Tuesday, having surrendered earlier gains in a late-morning sell-off. Dealers said that it had been a quiet morning on the local bourse, which had been mostly mixed and order driven. By 11.58am, the all-share index was flat at 14 310,69.
The JSE Securities Exchange was slightly weaker just after noon on Thursday, with a stronger rand against sterling weighing on London-listed resources heavyweights Anglo American and BHP Billiton. Gold stocks glistered, however, despite getting little help from the gold price.
The JSE Securities Exchange was flat at midday on Tuesday with no clear drivers. Resources stocks BHP Billiton and Sasol, which were boosted by the high oil price, kept the market in neutral territory. At noon, the all share index was level. Resources were up 0,37%.
The JSE Securities Exchange was weaker at noon on Friday, with a sizzling oil price burning global bourses. Higher bullion price lent sheen to gold stocks, however. At noon, the all share and all share industrial indices were both down 0,62%. The financial and banks indices had fallen 0,83% and 1,53% respectively.
The JSE Securities Exchange was in negative territory in noon trade on Tuesday, with lower metals prices putting resources stocks under pressure. The losses came despite a softer rand. By 11.58am, the all share index shed 0,24%. Resources retreated 0,45%, with the gold and platinum mining indices losing 1,31% and 1,16% respectively.
The JSE Securities Exchange was higher at midday on Monday, with bullion’s break above the $440 an ounce level, lending a shine to gold stocks. Broadly positive sentiment was underpinning the local bourse, dealers said. By 12.01pm, the gold mining index gained 1,1%. The all share and all share industrial indices added 0,23% and 0,32% respectively.
The JSE Securities Exchange roared to a record high on Friday, propelled by higher commodity prices and spill-over buying from Wednesday’s interrupted futures closeout. The gains came despite a firmer rand. By 12.08pm, the all share index advanced 0,8% to 14 323,94, having earlier touched an all-time high of 14 346,42.
The JSE Securities Exchange was weaker in noon trade on Wednesday on the back of selling ahead of the afternoon’s futures closeout. The losses came despite a weakening in the rand from levels seen earlier in the day. At 12.1pm, the all share index was down 0,31%.
The JSE Securities Exchange continued to press into uncharted waters on Monday, despite a stronger rand. Dealers said that underlying positive sentiments and higher commodity prices were propelling the local bourse. At 12.13pm, the all share index was up 0,62% at 14Â 108,370 after earlier touching a highest ever 14Â 115,100.
Gold stocks were the main feature on the JSE Securities Exchange in noon trade on Friday, with Gold Fields coming under particular pressure following the sale of part of Harmony’s stake in the company in New York overnight. The market was flat overall and trade was brisk.
The JSE Securities Exchange (JSE) was firmer at midday on Wednesday, with a softer rand giving heavyweight resources and dual-listed stocks a lift. By 11.57am, the all-share index added 0,6%. Resources rallied 1,42%, the gold-mining index jumped 2,49% and the platinum-mining index perked up 0,88%.
The South African rand, which on Tuesday broke above R6,70 per dollar for the first time since early September, could easily be back above the R7-per-dollar level in coming weeks, analysts say. Market analyst George Glynos said Tuesday’s move in the rand was almost entirely euro-driven.
The JSE Securities Exchange (JSE) was weaker at midday on Tuesday as players took profits after the bourse’s rally to a record high on Monday. The losses came despite the rand, which was trading at its worst level against the dollar in more than eight months. By 12.08pm, the rand was quoted at R6,72 per dollar.
The JSE Securities Exchange continued to break new ground on Monday, led by heavyweight resources stocks. However, with markets in the United Kingdom and United States closed, the gains came on extremely light volumes. By 11.51am, the all share index added 0,71%. Resources rallied 1,23%, the gold mining index jumped 2,9% and the platinum mining index climbed 0,53%.
A call by the Congress of South African Trade Unions (Cosatu) that steps be taken to weaken the rand has met with mixed reaction from economists. The call, coupled with a softer euro, saw the rand break above R6,60 per dollar for the first time in more than seven months on Thursday afternoon.
The JSE Securities Exchange broke above the 13 800 level for the first time ever on Friday, propelled by a weaker rand. However, the market was fairly quiet in terms of volumes. By 11.53am, the all share index surged 0,78% to 13 812,2. Resources rallied 1,33%, with the gold and platinum mining index gaining 0,96% and 1,38% respectively.
The JSE Securities Exchange (JSE) was looking strong in late morning trade on Thursday, led by resources heavyweights Anglo American and BHP Billiton, which were both up in London. Volumes were relatively light and dealers said that the JSE was merely following European markets.