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/ 7 April 2008

Resources gain momentum, drive JSE up

Resources continued to gain momentum from the morning trade session, driving the JSE further into positive territory by midday on Monday. By noon the JSE’s broader all-share index had advanced 1,72% as resources were up 2,92%. The platinum-mining index climbed 0,94% while the gold-mining index edged up 0,04%.

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/ 29 January 2008

Platinum shares boost JSE

Positive sentiment flowing through from world markets and a boost from the platinum mining sector helped support the JSE on Tuesday. Speculation that mines could return to production after operations had been halted the last few days because of power supply concerns, underpinned the rally in the mining and resources sector.

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/ 23 January 2008

JSE up slightly, tracks FTSE

The JSE was only 0,42% in the black in midday trade on Wednesday, having pulled back after being up sharply earlier, as it started to track the FTSE and negative Dow futures, according to a trader. By 12.18pm, resources gained 1,11% and the platinum-mining index added 0,17%, but the gold-mining index was off 0,76%. Financials climbed 1,01% and banks edged up 0,11%.

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/ 2 November 2007

JSE down on world markets

The JSE recouped some of its earlier losses, but remained lower at midday on Friday on hopes that United States jobs data due out later in the day would support a case for another rate cut in the US. The local bourse was down more than 340 points in early trade following similar drops overseas stemming from renewed US subprime housing-market concerns.

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/ 16 October 2007

JSE down on global concerns

The JSE extended its losses by midday on Tuesday as a sell-off in banks on Wall Street’s credit concerns and higher oil prices added to negative sentiment. Banks and financial stocks have pulled back throughout the morning session, after Citigroup in the United States lost 3,4% overnight, which triggered a sell-off on Wall Street and re-sparked global credit concerns.