The JSE was lower at noon on Friday as early indications pointing to a weak start on Wall Street pressed jittery investors to continue to slash risk amid global credit upheaval. At midday, the all-share index was down 1,57%. Resources fell 2,33%, the gold-mining index was off 2% and the platinum-mining index tumbled 2,69%.
House price inflation rose by 10,4% year-on-year (y/y) in July, down from 18,8% jump in June and the 10,9% increase May, the Standard Bank’s residential property gauge showed on Wednesday. The growth brought the median house price to R585 000 from R620 000 in June and R600 000 in May.
Stocks rose slightly at midday on Monday, reversing earlier losses, but overall trading was muted ahead of another wave of corporate earnings reports and inflation data later in the week. At noon, the all-share index was up just 0,09%, thanks to a 1,06% gain in the platinum-mining index.
The JSE was slightly higher at noon on Thursday as miners gained on sustained strength in precious metals with banks in focus on vague talk that Standard Chartered Bank might make a buy-out offer for Nedbank. At midday, the all-share index was up 0,32%. Resources gained 0,48% and the gold- and platinum-mining indices added 0,57% and 1,75% respectively.
The JSE remained lower at noon Wednesday in tandem with overseas markets but miners managed modest gains amid better precious metal prices and concerns over wage talks. At noon the all-share index off 0,70%. Resources fell 0,99%, but the gold and platinum mining indices edged up 0,31% and 0,26% respectively.
The JSE retained its strong tone at midday on Friday, marching towards the historic 30 000 level following a record-breaking performance on Wall Street overnight. At 12.02pm, the all-share index was up 0,68% at 29 992,470. Resources gained 0,38%, the gold-mining index added 0,57% but the platinum-mining index fell 0,39%.
The JSE was slightly higher at noon on Thursday lifted by heavyweight miners with mergers and acquisitions news in focus after global resource giant Rio Tinto offered to buy Alcan. At 12.02pm, the all-share index was up 0,17%. Resources gained 0,41% and the gold-mining index gained by the same margin.
The JSE extended gains at noon on Monday paced by miners on better metal prices, while banks rose on talks that the local monetary authorities were unlikely to raise interest rates. At 11.58am, the all-share index was up 1,10%. Resources gained 1,17%, the gold and platinum mining indices surged 1,35% and 2%.
Shares in integrated media group Primedia jumped more than 5% in mid-morning session on Thursday following a buyout offer. At 10:01am, Primedia’s N shares were up 5,30%, or R1,25, to R24,85 and Primedia’s ordinary shares soared 5,77%, or R1,40, to R25,65.
The JSE remained under pressure at noon on Wednesday as weaker metal prices weighed on heavily weighted resource stocks, while investors digested the slightly above forecast inflation data. At noon, the all-share index was off 1,37%. Resources gave up 2,38% and the gold- and platinum-mining indices were down 0,84% and 1,69% respectively.
The JSE remained lower across the board at noon on Monday on inflation worries ahead of data releases later in the week. Weaker overseas markets — after a sharp fall in New York on Friday — added to the bearish undertone. At noon, the all-share index was off 0,72%. Resources fell 0,76%, the gold- and platinum-mining indices gave up 0,25% and 0,99% respectively.
The JSE was higher at noon on Thursday, shrugging off a negative tone on overseas markets as investors piled in ahead of a futures close-out later in the day. However, traders said the local bourse was expected to follow overseas markets weaker after the close-out, which started at 12pm.
The JSE retained its strong tone at noon on Wednesday, led higher by miners, which were being buoyed by better metals prices, while futures-related buying ahead of the close-out on Thursday provided additional support. At noon, the all-share index was up 0,89%. Resources firmed 1,34%, while the gold and platinum mining indices gained 1,34% and 2,21% respectively.
The JSE was a touch higher at noon on Tuesday as platinum and banking stocks held sway. At noon, the all-share index was up 0,15%. Resources lost 0,14%, the gold mining index was down 1,45% but the platinum mining index gained 2,08%. Industrials improved 0,25%, financials added 0,59% and banks climbed 1,38%.
The JSE was barely changed at noon on Monday, having retreated from the morning’s highs as investors locked in profits after Friday’s record run. At 12.09pm, the all-share index was up just 0,05%. Resources fell 0,24%, the gold-mining index was down 0,73% but the platinum-mining index was up 1,39%.
The JSE remained firm at noon on Friday on the back of strong overseas markets but further gains were restricted ahead of United States inflation data due later in the day. At 12.09pm, the all-share index was up 0,34%. Resources gained 0,78%, the platinum-mining index was up 0,56% but the gold-mining index gave up 0,16%.
The JSE retained its strong tone at midday on Thursday buoyed by higher overseas markets, with fixed line telephone operator Telkom gaining on vague talk that it might sell Vodacom. At noon the all-share index was up 0,89%. Resources gained 0,77%, the platinum mining index picked up 1,53% but the gold mining index fell 0,55%.
The JSE retained its softer tone at midday on Wednesday after an overnight drop in Wall Street, while lower commodity prices added to selling pressures. At 12.03pm, the all share index was down 0,40%. Resources lost 0,14%, while the gold and platinum mining indices fell 0,45% and 1,44% respectively.
A fifth of Lesotho’s total population, or 400 000 people, will face food shortages this year after the country’s cereal harvest was ravaged by the worst drought in 30 years, a fresh report has shown. The report showed that the crisis could be experienced as early as in the third quarter of this year, when about 140 000 people will need food assistance.
The JSE was little changed at midday on Tuesday in the absence of fresh corporate news and amid worries about global inflation. At 12:05pm, the all-share index was off 0,05%. Resources gained 0,19%, the gold mining index added 0,05% but the platinum index lost 0,97%.
The JSE remained broadly lower at noon on Friday led down by gold miners after a slide in the bullion price, while an overnight slump in United States markets continued to weigh on the local bourse. At 12.01pm, the all-share index was down 2,35%. Resources fell 2,24%, the gold- and platinum-mining indices gave up 3,59% and 3,03% respectively.
The JSE was marginally higher at noon on Thursday in a muted session ahead of the interest-rates verdict later in the day. At 12pm, the all-share index was up 0,29%. Resources gained 0,45%, the gold- and platinum-mining indices added 0,20% and 0,72% respectively. Industrials improved 0,20%, financials were up 0,11% and banks firmed 0,26%.
The JSE was firmer at midday on Tuesday, boosted by a turnaround in Asian stocks, but overall trading volumes were low ahead of the decision on interest rates later this week. At 12pm, the all-share index was up 0,57%. Resources added 0,91%, the platinum-mining index firmed 0,91%, but the gold-mining index shed 0,16%.
The JSE was a touch weaker at noon on Monday on jitters ahead of the interest rates decision later this week, but miners gained on the back of a weaker rand and higher commodity prices. At noon the all-share index was off 0,09%. Resources added 0,19%, the gold and platinum mining indices gained 0,76% and 0,23% respectively.
The JSE was higher at noon on Friday as miners gained on the back of higher commodity prices, but overall trading was cautious ahead of United States economic data this afternoon, dealers said. At 12pm, the all-share index was up 0,61%. Resources gained 0,38%, the gold- and platinum-mining indices picked up 1,75% and 1,71% respectively.
The JSE was higher at noon on Thursday, boosted by heavyweight miners which were buoyed by better metals prices, but banks came under a bit of selling pressure due to inflation worries. At noon, the all-share index was up 0,94%. Resources added 1,54%, the platinum mining index gained 1,03%, but the gold mining index fell 0,14%.
The JSE was higher at noon on Tuesday with gains spurred by firmer overseas markets, but volumes remained thin as players await the opening of the United States market after Monday’s Memorial Day holiday. At 11.59am, the all-share index was up 0,65%.
The JSE was slightly firmer at noon on Monday in a dull session as investors refrained from making any large moves because the United States and some European markets were closed for a public holiday. At noon, the all-share index was up 0,26%.
The JSE was lower at midday on Friday weighed down by miners on easing base-metal prices and weaker overseas markets. At 12.02pm, the all-share index was off 1,28%. Resources lost 1,47% and the gold- and platinum-mining indices fell 1,71% and 1,95% respectively. Industrials weakened 1,09%, banks gave up 1,46% and financials eased 1,26%.
The JSE retained its softer tone at noon on Thursday on profit-taking after Wednesday’s record run, while weaker overseas markets added to selling pressures. At noon, the all-share index was down 0,55%. Resources fell 0,77%, the gold and platinum mining indices gave up 0,03% and 0,83% respectively.
The JSE took its lead from stronger overseas markets at midday on Wednesday to advance by just over 1%. At noon, the all-share index was up 1,04%, resources had risen by 0,79%, and the gold and platinum mining indices had added 0,48% and 0,77% respectively.
The JSE was flat at noon on Tuesday, recouping losses suffered earlier on profit-taking as gold miners provided support after a spike in the gold price. But synfuels producer Sasol tumbled after saying its joint venture Oryx GTL plant in Qatar was operating at lower-than-planned levels due to start-up challenges.