South African Stocks

The rand bounced from two-year lows against the dollar but remained vulnerable as investors dumped high risk assets.

The rand tumbled nearly 3% to hit 16-month lows against the dollar as importers piled into the greenback, spooked by a recent trend of sharp declines.

SA stocks sank deeper into the red by noon on Tuesday with resources leading the downside.

A more than 2% rally in resources stocks pushed the JSE into positive territory by noon on Tuesday.

South African stocks remained in the red in noon trade on Tuesday, moving in line with weaker global markets.

South African stocks extended their gains by noon on Thursday with strong metals counters continuing to lead the upside.

SA stocks remained positive by noon on Friday, still firmly supported by sharply higher resource stocks as well as rallies in precious metals.

South African stocks remained strong, but were off their best levels by midday on Thursday, moving in line with stronger Asian and European markets.

The JSE remained in positive territory by noon on Monday, pushed up by strong resource prices and taking direction from stronger European markets.

South African stocks plunged on Tuesday, shaken by United States financial-sector shocks and falling metal prices.