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/ 26 November 2007
The JSE was forced to give up some of its earlier gains but the gold mining index was keeping it in the black at midday on Monday. Shortly after its open, the JSE was up over 1%, but by midday, the all-share index had given up almost half of its gains as bank and financial stocks weighed.
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/ 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%.
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/ 20 November 2007
Volatility in resource stocks, as well as in the mining indices, buried the JSE in the red at midday on Tuesday. At noon, the all-share index gave up 0,69%, led by a 1,69% pull back in the gold-mining index. Resources dipped 1,59% and the platinum-mining index was off 0,42%. Financials eased 0,27% and banks were unchanged (+0,01%), but industrials inched up 0,15%.
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/ 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%.
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/ 12 November 2007
The JSE started to show a slight turnaround on Monday as a renewed announcement by BHP Billiton added some buying interest among resource stocks. By midday, the JSE’s all-share index lifted 0,3% as resources collected 0,79%. However, the gold and platinum mining indices pulled back 0,91% and 1,4% respectively.
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/ 9 November 2007
The JSE continued to advance by noon on Friday as BHP Billiton’s announcement from Thursday flowed through the market. On Thursday, BHP Billiton admitted to having made a play for rival Rio Tinto, which put to rest days of market speculation over whether BHP Billiton was in fact courting Rio Tinto over a potential tie-up.
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/ 6 November 2007
The JSE retained its strong tone at noon on Tuesday as investors continued to hunt for bargains after sharp losses in recent days, while rallying gold and platinum prices provided additional support. At 12.04pm, the all-share index was up 0,62% thanks to a 2,02% gain in the gold mining index.
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/ 2 November 2007
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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/ 2 November 2007
With prospects of yet another foreigner winning the Soweto Marathon, Athletics South Africa has decided to invest in the future of the sport. And that future, it says, lies with middle-distance runners such as 24-year-old University of Free State star Boy Soke. On Sunday, Soke will run the 10km route of the Soweto road race.
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/ 31 October 2007
South Africa recorded a trade deficit of R4,3-billion in September, compared to August’s R9,1-billion shortfall, the South African Revenue Service said on Wednesday. Economists polled by Reuters last week had forecast a deficit of R6,4-billion, but the number is notoriously volatile and hard to predict.
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/ 31 October 2007
Mpumalanga-based Sipho Ngomane aims to stamp his authority at the Nedbank Soweto Marathon on Sunday. After his Comrades Marathon victory two years ago, Ngomane seemed to fade owing to a spate of injuries. He finished eighth in his attempt to defend his down-run title earlier this year.
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/ 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%.
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/ 25 October 2007
South African bank shares leapt on Thursday after reports that China’s biggest bank, Industrial and Commercial Bank of China, has agreed to buy a 20% stake in Standard Bank, in a deal reported to be worth ,5-billion. Trading in Standard Bank shares was halted ahead of the release of a statement by the bank on the outcome of negotiations.
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/ 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%.
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/ 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.
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/ 24 October 2007
The increase in South Africa’s CPIX (consumer inflation less mortgage costs) for metro and other areas, which is used by the South African Reserve Bank for its inflation target, was up 6,7% year-on-year (y/y) in September from 6,3% y/y in August, Statistics South Africa (Stats SA) said on Wednesday.
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/ 23 October 2007
The JSE remained firm at noon on Tuesday, spurred by Wall Street’s overnight rebound and firmer European markets as risk aversion eased. Miners lifted the main index, buoyed by a recovery in commodities prices as metals investors chased after bargains following Monday’s sharp losses, while a slight weakness in the dollar added to the upbeat mood in the metals complex.
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/ 22 October 2007
The JSE retained its weak tone at noon on Monday, in line with overseas markets amid renewed concerns about the health of the United States economy. At 11.56am, the all-share index was off 1,51%. Resources fell 2,48%, while the gold-mining and platinum-mining indices gave up 1% and 3,47% respectively.
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/ 19 October 2007
The JSE rose modestly at midday on Friday, helped by miners amid soaring metal prices with investors unfazed by talks that Wall Street was poised to open lower. At noon, the all-share index was up 0,61%. Resources gained 1,09% and the gold-mining and platinum-mining indices were up 1,14% and 0,81% respectively.
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/ 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.
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/ 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.
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/ 11 October 2007
Resource stocks added plenty of extra muscle to the JSE on Thursday, which was underpinned by strength in gold and platinum. Earlier in the session the JSE hit a fresh trading high of 31 628,820 points, but was slightly below that level by midday.
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/ 10 October 2007
World number three Jim Furyk will bid for a third successive Nedbank Golf Challenge victory at Sun City from November 29 to December 2. The presence of American Furyk was confirmed when the field of 12 was named in Johannesburg on Wednesday. British Open champion Padraig Harrington will also be in action, as will South African favourites Ernie Els and Rory Sabbatini.
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/ 10 October 2007
The JSE remained firm at midday on Wednesday but was off its earlier all time high of 31 291,74. The initial spurt had been prompted by a record close on Wall Street overnight, but European markets are lower and the United States futures are also negative, which brought the JSE back from its record level reached earlier in the session.
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 firm at midday on Wednesday, driven higher by sharply stronger banks and financial stocks. By noon, the all-share index had collected 0,49% as banks and financials advanced 3,07% and 2,30% respectively. The platinum mining index recovered 0,94% and resources edged up 0,12%.
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/ 27 September 2007
South Africa’s producer price inflation (PPI) slowed to 9,4% year-on-year in August, below forecasts, after a 10,3% increase in July, official data showed on Thursday. On a monthly basis, PPI increased by 0,7% after a 1,6% rise in July. Economists had forecast that annual PPI come in at 9,7%, while the monthly rate of increase was seen at 1%.
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/ 26 September 2007
South Africa’s targeted CPIX inflation rate slowed to 6,3% in the year to August from 6,5% in July, data showed on Wednesday, slightly above forecasts. Statistics South Africa also said that the all-items consumer price index (CPI) increased by an annual rate of 6,8%, compared to 7% in July.
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/ 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%.
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/ 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,