Janice Healing

The JSE Securities Exchange was ensconced in firm territory, with the exception of gold shares, just after noon on Wednesday as the rand faltered off the day’s stronger levels. The positive close on United States markets overnight and the gains on European bourses assisted the JSE’s rise.

The JSE Securities Exchange South Africa inched firmer in listless trade on Friday, with market activity on the subdued side as a result of the Thanksgiving holiday in the United States on Thursday. Just after noon the all-share index was 0,27% higher and the all-share industrial index was 0,43% stronger.

The JSE Securities Exchange South Africa moved into positive territory at midday on Friday, shrugging off some of the morning’s weakness caused by the surge in the rand to a 42-month best level of R6,7050 against the dollar. The all-share index was 0,18% firmer and the all-share industrial index added 0,56%.

The JSE Securities Exchange South Africa was stuck in flat territory, albeit with a more positive bias than this morning, just after midday on Wednesday. Dealers said that direction was being determined largely by futures players, while rand strength was continuing to weigh on the downside.

The JSE Securities Exchange South Africa was stuck in flat territory, albeit with a positive bias, at noon on Thursday. Dealers said activity had been largely rand driven, with the renewed weakness in the currency providing a boost.

The JSE Securities Exchange South Africa was unable to shake off the weakness which emerged at the opening on Wednesday and was stuck in the red at noon. Dealers said the market was taking its cue from gloomier international markets, with an uninspiring close in the US, the Nikkei ended softer and European
markets are currently under pressure.

The JSE Securities Exchange South Africa held on to many of the gains made in morning, with the bourse in the black at midday on Wednesday. The market took cheer from strength in European markets, as well as the positive close in the United States overnight, although banking and financial counters were taking strain.

The JSE Securities Exchange South Africa was unable to lift itself out of the doldrums by midday on Friday, with the bourse stuck in flat territory as gains in heavyweight resources counters were evened out by losses in gold stocks.

Sharp falls in gold counters pared gains on the JSE Securities Exchange South Africa by noon on Wednesday, with the bourse in flattish territory. The weakness in the rand, however, gave impetus to dual-listed stocks.

The JSE Securities Exchange South Africa opened in negative territory on Friday, despite a bounce in gold counters. Rand-hedge stocks were under pressure as the currency retained its firm tone.

The JSE Securities Exchange South Africa followed weaker global markets and opened in the red on Monday, although losses were pared by a rise in gold counters. Gold shares firmed on the back of the bullion price, which moved above $370 an ounce ahead of the UN weapons report on Iraq this afternoon.

The JSE Securities Exchange South Africa opened firmer on Thursday morning, although gold counters were under pressure at the start.