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/ 15 November 2007
SABMiller met forecasts with a 22% rise in first-half earnings on Thursday, but said it expected trading conditions to get tougher amid rising costs for energy, grain, glass and aluminium. The world’s second-largest brewer and maker of Miller Lite, Castle and Peroni beers posted adjusted earnings per share of 69,1 US cents
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/ 15 November 2007
The JSE continued to follow the downward trend in international markets at midday on Thursday, remaining firmly in the red. By 11.58am, the JSE’s all-share index lost 0,7%. The gold mining index gave up 0,8% and resources fell 0,7%, but the platinum mining index added 0,57%.
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/ 13 November 2007
After starting slightly higher on Tuesday, the JSE took a sharp turn as negative sentiment started to flow in from overseas markets. One trader explained that the JSE was weaker as there was continued concern about the supprime market globally.
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/ 7 November 2007
The JSE was a touch higher at midday on Wednesday, lifted by miners on soaring metal prices, but weaker overseas markets and the stronger rand dampened the overall mood. At noon, the all-share index was up just 0,12% higher, thanks to a 2,31% and 1,70% gains by the gold and platinum mining indices.
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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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/ 5 November 2007
The JSE remained weak at midday on Monday, in line with overseas markets as the troubled US subprime housing market continues to unsettle investors worldwide. At noon, the JSE’s all-share index was off 0,96%, resources fell 1.70%, the platinum mining index weakened 1,74%, but the gold mining index added 0,98% as the gold price stayed above $800/oz.
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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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/ 1 November 2007
After being up about 280 points from its previous close at one stage, the JSE had turned around by midday on Thursday in what traders described as "solid profit-taking." By noon, the all-share index was off 0,31%, led by a 0,57% fall in resources, a 0,98% decline in the gold-mining index and a 1,58% easing in the platinum-mining index.
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/ 31 October 2007
The JSE was lower at noon on Wednesday on pockets of profit taking amid caution ahead of the United States interest rate decision later in the day. At noon, the all-share index was off 0,49%. Resources fell 0,96%, the platinum mining index gave up 0,11% but the gold mining index was up 1,70%.
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/ 26 October 2007
Solid gains in bank stocks pushed the JSE further into the black at midday on Friday, while platinum stocks added some extra light. At noon on the JSE, the all-share index was 0,62% higher as banks collected 2,01% and financials added 1,08%. The platinum mining index added 1,24% and resources edged up 0,29%.
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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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/ 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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/ 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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/ 18 October 2007
The JSE was clutching on to gains at midday on Thursday as heavyweights in the resources and industrial sector kept the bourse firm. BHP Billiton and Anglo American kept the resource index up, and SABMiller lifted the industrial index. By noon, the all-share index was 0,13% higher as industrials advanced 0,25%.
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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
Brewers SABMiller and Molson Coors Brewing have agreed to combine their United States operations to create a business that will have annual sales of ,6-billion and be the second-biggest market player behind Anheuser-Busch. The venture, MillerCoors, will generate around -million of annual cost savings.
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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 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 sharply by midday on Tuesday, adopting the strength in overseas markets that were driven higher by a powerful performance on Wall Street overnight. By 12.03pm on the JSE, the all-share index had collected 1,01%. Financials advanced 2,02% and banks collected 2,86%, while industrials added 1,06%.
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/ 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%.