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/ 18 April 2008

JSE seen consolidating at noon

The JSE remained firm by midday on Friday, with a trader saying that the market was consolidating after hitting record levels earlier this week. Starting from Wednesday, the bourse had two consecutive days of hitting all-time highs, but failed to close at its record peak of 32 130,75 points.

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/ 17 April 2008

World markets, resources push JSE over 32 000

The JSE was trading just off its new record high by midday on Thursday as world markets and resources continued to add support. In the morning session, the bourse broke through Wednesday’s record and hit a fresh high of 32 127.051 points. By midday, the all-share index had gained 0,8% to 32,112,15 points.

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/ 16 April 2008

JSE toys with all-time high

The JSE kept toying with an all-time high by midday on Wednesday as resources continued to fuel the bourse. By noon, the JSE’s broader all-share index had risen 1,02% to 31 600,360 points. It reached an intra-day high of 31 700,350 points earlier, just off its all time high of 31 728,180 points hit in October last year.

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/ 15 April 2008

JSE firm as resources buoy market

Resource counters were buoyed by higher commodity prices on Tuesday, which continued to keep the JSE firm by midday trade. By 11.56am, the JSE’s broader all-share index had lifted 0,64%. The platinum-mining index advanced 2,41%, resources collected 1,26% and the gold-mining index was up 0,55%.

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/ 11 April 2008

Overseas markets add support to JSE

Firmer global equities started to give the JSE support during the morning session on Friday, lifting the broader all-share index 0,91% by noon. Traders said that resource counters were also underpinning gains in the Alsi. By midday, the JSE’s resources index collected 1,59%. The platinum-mining index strengthened 3,07% and the gold-mining index advanced 1,25%.

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/ 9 April 2008

Billiton talk helps JSE advance

Talk of China’s interest in a stake in BHP Billiton has sent the resources index northward and, in turn, helped the JSE advance further by midday on Wednesday. Dow Jones newswires said that the <i>Australian</i> reported in its Wednesday edition China is in the early stages of planning to buy a stake in miner BHP Billiton.

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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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/ 4 April 2008

Anglo, BHP Billiton prop up JSE

Resource heavyweights Anglo American and BHP Billiton — which make up a substantial portion of the JSE — helped the bourse extend its gains by midday on Friday, traders said. By noon, the JSE’s broader all-share index had lifted 1,21%. Resources collected 1,83%, and the platinum mining index was up 0,8%, but the gold mining index decreased 1,34%.

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/ 3 April 2008

JSE firm in quiet trade, seeks direction

The JSE remained firm by midday on Thursday, but with very light volumes being traded as investors remained edgy ahead of the rates announcement next week, a dealer said. By midday, the JSE’s broader all-share index had gained 0,53%. Resources were up 1,08%, the platinum-mining index lifted 1% and the gold-mining index added 0,92%.

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/ 1 April 2008

‘Very, very boring day on the JSE’

The JSE was looking lifeless at midday on Tuesday, as there was no real driver to push the market in either direction, traders said. By 11.59am, the JSE’s broader all-share index had shed 0,1%. The gold mining index dropped 3,14%, resources fell 1,48% and the platinum mining index declined 0,55%.

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/ 28 March 2008

JSE edges up as platinum recovers

A recovery in the platinum price triggered improvements in the platinum-mining and resources indices, which helped reverse the JSE’s morning losses and lift it into the black by midday on Friday. By 12.03pm, the JSE’s broader all-share index was up 0,35%. The platinum-mining index collected 1,57% and resources gained 1%.

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/ 27 March 2008

Commodities, Dow futures propel JSE

Commodity counters and positive Dow futures kept the JSE firm by midday on Thursday, with platinum counters leading the gains, traders said. At noon, the JSE’s broader all-share index was up 1%. The platinum mining index advanced 2,89%, resources climbed 1,89% and the gold mining index was up 1,59%.

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/ 26 March 2008

Mining counters give JSE momentum

Mining counters gave the JSE some extra momentum on Wednesday, pushing the bourse more than a percent higher by midday. At noon, the JSE’s broader all-share index was 1,29% in the black, driven by a 5,45% rally in the platinum-mining index. Resources advanced 2,47% and the gold-mining index rose 1,07%.

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/ 19 March 2008

Fed’s rate decision buoys market

The JSE remained in the black by noon on Wednesday, with a trader explaining that the United States Federal Reserve’s rate cut was adding buoyancy to the market. "The Fed’s rate decision, which saw rates decline from 3% to 2,25%, is still adding buoyancy to the JSE," he said.

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/ 18 March 2008

JSE remains down, investors eye Fed

The JSE was little changed at its softer levels by midday on Tuesday as investors took to the sidelines ahead of the United States Federal Open Market Committee’s rates decision later in the day. By noon, the JSE’s broader all-share index was down 0,86%. Resources fell 2,26%, the gold mining index dropped 1,76% and the platinum mining index shed 0,76%.

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/ 17 March 2008

Fed move continues to weigh on JSE

An emergency move by the United States Federal Reserve to cut its discount rate has continued to weigh on markets, sending the JSE below the 30&nbsp;000-level by midday on Monday. The Fed’s move to cut its discount rate, its lending rate to financial institutions, to 3,25% from 3,5%,

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/ 14 March 2008

Resources buoy JSE

The resources index kept the JSE in firmer territory by midday on Friday, enhancing the morning session’s gains. At noon, the JSE’s broader all-share index was up 1%, driven by the 1,75% advance in the resources index. The gold mining index recovered 0,06% but the platinum mining index gave up 0,23%.

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/ 13 March 2008

Global equities weigh on JSE

World markets continued to weigh on the JSE on Thursday — pushing the bourse down 0,93% by midday. At noon, the JSE’s bank index fell 1,87%, financials gave up 1,61% and industrials were 1,4% lower. The platinum mining index declined 1,41%, resources shed 0,38% but the gold mining index advanced 1,69%.

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/ 10 March 2008

US recession jitters dampen JSE

The JSE continued to be haunted by fears of a United States recession, which sent most heavyweight stocks on a selling spree by midday on Monday. Adding to the negative sentiment was a pull back among local resource heavyweight counters, traders said. By noon, the JSE’s broader all-share index had fallen 1,75%.

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/ 7 March 2008

Overseas markets, banks dampen JSE

International credit woes causing losses among overseas equity markets continued to dampen the JSE by midday on Friday. The JSE’s broader all share index had shed 0,45% by noon, which was led by a 2,5% decline in the bank index. Financials were down 1,86% and industrials gave up 0,57%.

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/ 6 March 2008

Resource stocks send JSE north

Firm resource stocks helped the JSE extend its gains by midday on Thursday, even though bank and financial counters were softer. By noon, the JSE’s broader all-share index lifted 1,17%, led by a 1,94% advance in resources. The gold mining index recovered 0,98% while the platinum mining index edged up 0,04%.

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/ 5 March 2008

Profit-taking continues to weigh on JSE

The JSE widened its losses by midday on Wednesday as profit-taking and negative sentiment continued to dampen the market. By noon, the JSE’s broader all-share index declined 1,4%, led by a 2,72% pull back in the platinum-mining index. The gold-mining index retreated 2,71% and resources dipped 1,85%.

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/ 3 March 2008

JSE softer, but weak rand lifts miners

A weaker rand and higher commodity prices boosted mining stocks on the JSE by midday on Monday, but negative global sentiment still weighed on the bourse. By midday, the JSE’s broader all-share index was off 0,76%, dragged lower by a 4,42% dip in the bank index. Financials gave up 2,63% while industrials pulled back 1,07%.

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/ 29 February 2008

Miners keep JSE afloat

Gold-mining stocks and other commodity counters helped keep the JSE’s head above the water by midday on Friday, as metal prices kept driving higher on the back of a weaker United States dollar. By 12.01pm, the JSE’s broader all-share index was up 0,24%, led by a 1,85% climb in the gold-mining index.

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/ 28 February 2008

Tourist arrivals up 3% in December

The total number of travellers who visited South Africa through all its ports of entry during December was up 3% year-on-year (y/y) to 2,757-million, from the 5,7% y/y growth recorded in November 2007, according to Statistics South Africa data released on Thursday.