Banks and financials helped the JSE advance further by midday on Wednesday as they cheered the move by the United States Federal Reserve to raise liquidity in financial markets. At noon, the JSE’s broader all-share index had gained 1,35%. Financials collected 1,94%, while banks were up 1,67%.
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/ 20 February 2008
The JSE recovered some of its earlier losses by midday on Wednesday, as gold and resource stocks started to lift the market despite the negative global sentiment. Higher oil prices overnight spurred inflation worries among world markets, after oil closed above $100, prompting a global sell off in equities.
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/ 18 February 2008
South African stocks were sharply higher at midday on Monday led by banks ahead of Absa’s year-end earnings, while stronger overseas markets and firm metal prices spurred broad-based gains, traders said. By noon, the broader all-share index had gained 1,27% to 28 867,61, lifted mainly by a 2,36% gain in banks.
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/ 14 February 2008
Firm world markets and stronger metal prices continued to support the JSE by noon on Thursday. At noon, the broader all-share index had risen 1,34%. Banks collected 2,33% and financials climbed 1,07%. Industrials advanced 1,44%, the platinum mining index gained 1,4%. Resources were 1,35% higher and the gold mining index added 1,16%.
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/ 12 February 2008
The JSE held on to gains at midday on Tuesday as investors chased after bargains following Monday’s sharp losses amid strong metal prices and firmer overseas markets. By 11.59am, the broader all-share index had added 0,82% to 27 860,790 thanks to a 3,27% gain in the platinum-mining index.
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/ 7 February 2008
Platinum-mining stocks continued to shine brightly on the JSE by midday on Thursday, but even this dose of positive news failed to keep the bourse in the black as a slow European market weighed. By noon, the broader all-share index had slipped 0,02% into the red. Banks dropped 1,07% and financials gave up 0,47%, while industrials pulled back 0,83%.
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/ 6 February 2008
SABMiller, the world’s second-biggest brewer, has acquired 94,7% of Grolsch NV shares, securing its €816-million (,2-billion) takeover of the Dutch brewer. SABMiller said in a statement that its bid was unconditional and shareholders who had not yet offered their shares could tender them until February 20.
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/ 5 February 2008
The JSE changed course to turn negative by midday on Tuesday as weaker world markets and a bit of local profit -taking set in. By noon, the broader all-share index had given up 0,99%. Banks pulled back 2,39% and financials retreated 1,87%. Industrials lost 1,08% and the gold-mining index dipped 0,95%.
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/ 4 February 2008
The JSE had been lifted into the black by noon on Monday as firmer world markets and advances in the bank sector helped enliven the bourse after its soft opening. By noon, the broader all-share index had gained 0,92% to 29 016,26 points. Banks perked up 2%, while financials advanced 1,63% and industrials collected 1,66%.
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/ 28 January 2008
A pull back in global equity markets as well as local concerns about power-supply shortages continued to keep the JSE at weak levels by midday on Monday. By noon, the JSE’s broader all-share index was down 2,79%. Banks pulled back 3,89% and financials were off 2,55%. The platinum-mining index gave up 3,65% and the gold-mining index weakened 1,11%.
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/ 25 January 2008
Gold and platinum mining stocks were sharply in the red by midday, led by news that local mines had halted production over power supply concerns. However, the JSE was still holding onto its gains, which was underpinned by the rally in Asian markets.
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/ 21 January 2008
A sharp decline in global equity markets driven by fears of a global economic slowdown and a United States recession has led to a big sell-off on the JSE on Monday. By noon, the JSE’s broader all-share index had lost 3,32% to 25 768,400 points.
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/ 17 January 2008
Resource heavyweights Anglo American and BHP Billiton forced the JSE to turn around from its positive start, dragging it lower by midday on Thursday. At noon, the broader all-share index shed 0,44% as resources lost 2,07%. The platinum- and gold-mining indices pulled back 1,14% and 0,27% respectively.
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/ 15 January 2008
Lower gold-mining stocks as a result of profit-taking weighed on the JSE on Tuesday, leaving the bourse 0,31% in the red by midday. At noon, the gold-mining index had pulled back 2,51%, but the platinum-mining index was 0,49% firmer, while resources added 0,54%. Industrials gave up 1,16%, banks lost 0,88% and financials were off 0,76%.
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/ 14 January 2008
The JSE was in the red at midday on Monday, taking its cue from lower overseas equity markets. By noon, the broader all-share index had shed 0,13% to 27 474,230 points. Industrials were down 0,56%, while banks lost 0,43% and financials were off 0,29%.
The JSE was firmer by midday on Tuesday as a weaker United States dollar helped precious metals boost mining stocks on the bourse. By noon, the broader all-share index was 0,57% better, led by a 1,74% climb in the gold-mining index. The platinum-mining index gained 1,4% and resources added 1,17%.
An indication from positive United States futures that a battered Wall Street could open firmer on Monday, led to a slight recovery on the JSE by noon. The JSE was down over 1,5% in the morning session on concerns that the US market could go into a recession after job numbers came out worse than expected on Friday.
The acceptance period for global brewing giant SABMiller’s offer for Dutch brewer Koninklijke Grolsch NV (Grolsch) commences at 9am, Amsterdam time on January 8 and will end at 3pm Amsterdam time on February 5, unless extended, the company said on Monday.
South African stocks extended gains at midday on Friday, bolstered by strong gains among miners amid rampant commodity prices, while a healthy start in European markets added to the upbeat sentiment. But volumes remained thin as some players remained on the sidelines ahead of the United States December non-farms payrolls data due out later in the day.
South African stocks remained weak at noon on Thursday in line with overseas markets, but a rally among miners helped soften the blows as gold continues to lead the commodities stampede. By noon on the JSE, the all-share index was 0,82%, or 239,2 points, weaker at 29 050,940, after dipping more than 350 points just after the opening.
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/ 24 December 2007
The gold mining index added some cheer to the JSE ahead of Christmas celebrations, helping the bourse to close 0,59% firmer on Monday. The JSE closed at midday ahead of the two-day Christmas holiday and will reopen on Thursday. The gold mining index ended 2,95% higher, while resources added 0,81% and the platinum mining index recovered 0,62%.
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/ 21 December 2007
The JSE extended its gains by midday on Friday as firmer world markets continued to direct it higher. By 12.02pm, the JSE’s all-share index had collected 1,95%, led by a 2,95% advance in the platinum mining index. Resources added 2,73% and the gold mining index rose 1,83%.
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/ 20 December 2007
The JSE continued on its upward path by midday on Thursday, unaffected by surprisingly better PPI data but encouraged by the futures market close-out. By 1158am, the JSE’s all-share index had improved 0,83%. The platinum mining index climbed 3%, and the gold mining index added 0,94%,
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/ 18 December 2007
The JSE was lower at midday on Tuesday, playing catch-up after the public holiday on Monday when there was weakness in global equity markets. By 12.04pm, the JSE’s all-share index had pulled back 2,38%. The gold mining index fell 3,31%, resources lost 3,21% and the platinum mining index gave up 3,16%.
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/ 18 December 2007
Global brewing giant SABMiller (SAB) and Koninklijke Grolsch NV said on Tuesday that they will submit a request for approval of the offer memorandum in respect of the SABMiller offer for Grolsch to the Dutch authority for the financial markets this week.
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/ 14 December 2007
A weaker bank sector forced a positive JSE to pull back into the red by midday on Friday, leaving the all-share index 0,14% lower at noon. The JSE’s bank index was down 1,38% at midday as local and international traders questioned whether the move by the central banks to inject liquidity into financial markets was enough to settle global credit concerns.
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/ 29 November 2007
After being sharply firmer earlier in Thursday, weaker local producer price index (PPI) data forced the JSE to pull back at midday, even though world markets were firm. The JSE had been up as much as 533 points during the day, but by midday, it was only 337 points in the black.
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/ 28 November 2007
The JSE was down sharply by midday on Wednesday, led by an intense pull back by mining stocks on the JSE. Mining stocks retreated, along with resources, as a fall in commodity prices burdened stocks. At noon, the JSE’s all-share index lost 1,48%. The platinum mining index dropped 3,32%, and the gold mining index fell 2,57%.
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/ 27 November 2007
Equity markets in the emerging world have weathered the subprime credit crunch in developed markets more easily than any previous market turmoil, and are expected to remain a sought-after investment destination — if not a safe haven — for many years to come, according to the head of equity research at Old Mutual Investment Group South Africa.
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/ 23 November 2007
World markets injected some life into the JSE at midday on Friday as the all-share index lifted 0,90%, led by a 1,78% gain in resources. By noon the gold mining index collected 0,35%, but the platinum mining index was up a slight 0,06%. Financials advanced 0,51% and banks inched up 0,28%. Industrials were 0,09% in the black.
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/ 19 November 2007
SABMiller, the world’s second-biggest brewer, has agreed to buy Dutch rival Grolsch for €816-million in cash to strengthen its position in the fast-growing premium beer market. London-based SABMiller, which makes Miller Lite, Castle and Peroni beers, said on Monday it was offering €48,25 a share.
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/ 16 November 2007
The JSE was slightly firmer at midday on Friday than it was during the morning session but it remained negative, as commodity stocks continued to be paralysed on the local bourse. By noon, the JSE’s all-share index declined 0,72%, led by a 2,25% drop in the platinum mining index.