South African stocks were mixed in a thin-volume session by noon on Friday, with MTN in focus on vague newspaper reports that an Indian firm might launch a takeover bid for the local mobile telecoms firm, traders said. By midday the JSE's broader all-share index was down 0,14%. Resources fell 1,27%.
South African stocks were slightly lower at noon on Tuesday, pressured by miners on faltering metal prices, but improved sentiment in overseas markets restricted losses, traders said. At noon, the JSE's broader all-share index had given up 0,19% at 30 056,80.
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.
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.
The JSE dropped sharply in early trade on Monday, led south by Asian markets and early signs that European markets are tipped to slide amid renewed concerns about the United States housing turmoil. At 9.17am, the all-share index was off 1,44%. Resources fell 1,74%.