No image available
/ 6 December 2007
The JSE posted strong gains in early trade on Thursday ahead of the Monetary Policy Committee’s interest rate decision expected later in the afternoon, with higher world markets adding some incentive for buying interest. At 9.21am, the all-share index was up 0,73% as the platinum mining index gained 1,19%.
No image available
/ 4 December 2007
Thousands of mineworkers took to the streets of central Johannesburg on Tuesday, urging industry bosses to beef up safety in South African mines. This year, there have been more than 200 deaths in the mining industry. Major mining companies said they were badly affected by the one-day strike.
No image available
/ 30 November 2007
The JSE was sharply higher by noon on Friday as gains among mining and resource stocks added some cheer. At noon, the JSE’s all-share index rose 1,12% as the gold mining index advanced 2,59%. Resources collected 2,52% and the platinum mining index recovered 1,5%.
No image available
/ 21 November 2007
Miserable world markets dragged the JSE deeper into the red by noon on Wednesday. At noon, the all-share index dropped 1,23% and banks retreated 1,98%. Financials retreated 1,57% and industrials were off 1,81%. The platinum-mining index was down 1,36% and the gold-mining index pulled back 0,56%, while resources gave up 0,52%.
No image available
/ 19 November 2007
The JSE was weaker at midday on Monday, erasing earlier gains following a similar trend in European markets on early indications that Wall Street was likely to open lower. At noon, the all-share index was down 0,69%. Resources fell 1,75% while the gold- and platinum-mining indices gave up 0,46% and 1,81% respectively.
No image available
/ 14 November 2007
The JSE was higher at midday on Wednesday as positive local results extended its gains from the morning session. In the morning, the JSE had opened stronger on Wall Street’s overnight rally, which created positive sentiment for overseas markets. By noon, the JSE’s all-share index had climbed 1,09%.
No image available
/ 29 October 2007
As gold and platinum prices climbed on a weaker dollar, the JSE’s gold mining index and resources continued to lift the all-share index on Monday. By noon, the JSE’s all-share index was up 1,25% as the gold mining index progressed 2,1%. Resources rose 1,93% and the platinum mining index picked up 1,86%.
No image available
/ 25 October 2007
The JSE remained firm at midday on Thursday as activity in the banking sector continued to dominate the market. At noon, the all-share index was up 0,97%, led by a 3,34% climb in the platinum mining index. The gold mining index gained 1,34% and resources rose 0,69%.
No image available
/ 24 October 2007
The JSE remained in negative territory at midday on Wednesday, as banks took a dip on the release of discouraging CPI data and resources were lower on a firmer rand. At 11.59am, the all-share index was 0,25% lower, as resources dipped 0,35%. However, the gold and platinum mining indices advanced 0,28% and 0,35% respectively.
No image available
/ 17 October 2007
The National Union of Mineworkers (NUM) said on Wednesday that it had struck a double-digit wage deal with platinum miner Lonmin. The trade union said it had signed a new two-year wage agreement with Lonmin that would see workers getting 10% in the first year and 8% in the second year.
No image available
/ 17 October 2007
The JSE was over 200 points in the red by midday on Wednesday, as the United States consumer slowdown continued to weigh on Wall Street and the weakness spilled over onto global markets. However, some indices posted gains, even though the broader all-share index was down.
No image available
/ 16 October 2007
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.
No image available
/ 15 October 2007
Salary negotiations in the platinum mining sector stalled on Monday with Solidarity rejecting a 9% increase offer by Lonmin Platinum. ”Solidarity members are demanding 10% plus a housing subsidy of R5 500,” the union’s mining spokesperson, Reint Dykema, said in a statement.
The JSE had edged up slightly by midday on Tuesday as platinum- and gold-mining stocks started to recover earlier losses. By 12pm, the all-share index was 0,08% in the black as the platinum-mining index gained 1,31%, resources lifted 0,72% and the gold-mining index recovered 0,13%. However, banks and financials were off 0,88% and 0,60% respectively.
The JSE remained firm by midday on Monday but according to traders was drifting, lacking direction from world markets. By noon, the all-share index had edged up 0,16%, as industrials increased 0,84%. Banks advanced 0,67% and financials were 0,54% firmer.
The JSE was slightly negative by midday on Friday, as profit-taking among platinum stocks led the bourse to give up some of its earlier gains. By noon on the JSE, the all-share index had given up 0,06%, as platinum stocks dipped 3,23%. Resources were 0,24% lower, but the gold-mining index advanced 1,67%.
The JSE was up 191 points at midday on Monday, but off its record high it hit earlier as gold stocks tumbled on news that Anglo American was selling half of its stake in AngloGold. Anglo said in a statement that it expects the offering to represent a major step in the completion of its stated objectives for its stake in AngloGold Ashanti.
No image available
/ 27 September 2007
Good buying interest was seen across the board on the JSE on Thursday and by midday the all-share index was up 224 points, with one trader speculating that it could close above the 30 000 level. A trader said the JSE was approaching its all-time high of 30 046,3, reached on Tuesday.
No image available
/ 26 September 2007
The JSE was steady at midday on Wednesday, unmoved by the release of local CPI and CPIX data which was in line with market expectations. By noon, the JSE’s all-share index had collected 0,52% as the gold-mining index advanced 1,22%. The platinum-mining index added 0,95% and financials climbed 0,68%.
No image available
/ 25 September 2007
The JSE had given up most of its early gains by midday on Tuesday, but was still in positive territory as resources and the platinum mining index tried to lift the local bourse. By noon, the JSE’s all-share index had added 0,18%. The platinum mining index had firmed 1,93% and resources rose 0,69%.
No image available
/ 20 September 2007
The JSE was flat at midday on Thursday, as players sat on the sidelines awaiting the result of the futures close-out, which was due to start at midday. By 11.59am, the all-share index edged up 0,26%. The gold mining index climbed 2,19% and banks were 1,09% higher. Resources perked up 0,28% and the platinum mining index rose 0,68%.
No image available
/ 19 September 2007
The JSE extended its gains by midday on Wednesday following the rally in world markets that was driven by a strong performance on Wall Street overnight. Wall Street surged on news that the United States Federal Reserve had cut interest rates by 50 basis points, creating a positive sentiment for investors for bargain-hunting.
No image available
/ 18 September 2007
The JSE’s all-share index came out of the morose state it was in earlier, edging up into positive territory by midday on Tuesday driven by the turnaround in the United Kingdom’s FTSE 100. Shortly before midday, the FTSE 100 was at 6 224,10 points, 0,67% better than Monday’s close as the Bank of England added liquidity to the United Kingdom market,
No image available
/ 17 September 2007
The JSE was sharply lower at midday on Monday as rekindled credit fears continued to spill over on to world markets. The JSE opened in negative territory and weakened further during the morning session on last week’s news that the United Kingdom’s fifth largest mortgage lender, Northern Rock, used the Bank of England as a lender of last resort.
No image available
/ 10 September 2007
The JSE continued to hold on to its earlier gains by noon on Monday as miners gained speed after a rally in the gold and platinum price. Shortly before midday, the rand was bid at 7,19 to the United States dollar from 7,25 when the JSE closed on Friday, while gold was quoted at $703,75 a troy ounce from $703 at the JSE’s last close.
No image available
/ 7 September 2007
The JSE all-share index gave up earlier gains of just over 0,5%, trading at just 0,21% in the black shortly before midday on Friday. "It hasn’t been an exciting day, we are up slightly. We initially saw gold stocks up on the stronger gold price, which supported the rest of the market," said a local trader.
No image available
/ 5 September 2007
The JSE was in the red at midday on Wednesday after vacillating between positive and negative territory during early trade as investors took profits on stocks that have recovered from last month’s losses. The JSE’s all-share started in the red, but inched into positive territory within the first 15 minutes of trade, and by midday it had fallen back into the red.
No image available
/ 3 September 2007
The JSE continued on a lacklustre path as it edged up slightly from its flat open to trade 0,68% higher at midday on Monday. World markets were also flat at midday amid a continued lack of activity as United States traders took a day off to celebrate Labour Day. By midday on the JSE, the all-share index was up 0,68%.