The JSE slipped during Monday’s trading session having touched record highs throughout last week. Its global peers are mixed as investors keep an eye on decisions by central banks this week, including the US Federal Reserve. The local bourse gave up 0.58% to see the All-Share Index at 80,325 points. In the US, investors will …
Market Wrap | After record highs, JSE slips while rand trades softer Read More »
The JSE continued its rally on Friday to close on a high at the start of the weekend as global investors weigh reassuring economic and inflation data from the United States ahead of next week’s round of top central bank meetings. The All Share Index touched more record highs during Friday’s trading session and added …
Market Wrap | JSE winning streak continues as bourse touches record highs Read More »
The JSE traded firmer following the South African Reserve Bank’s monetary policy committee’s decision to hike the repo rate on Thursday. The All Share Index touched record highs during the session and closed having added 0.98% to 80,509 points. The Reserve Bank hiked the repo rate by 25 basis points taking the repurchase rate to …
Market Wrap | JSE touches record high, Reserve Bank hikes repo rate Read More »
The JSE slipped lower on Wednesday as stocks struggled for direction while investors await the South African Reserve Bank’s interest rate decision. The All-Share Index firmed during morning trade and was sitting above 80,300 points at one point before slipping below the 80,000-point mark to close 0.39% lower at 79,725 points. The SA Reserve Bank …
Market Wrap | JSE slips, investors brace for further interest rate hikes Read More »
The JSE tracked firmer Asian markets during the morning trading session before ultimately closing flat while global peers were mixed as investors wait for fresh news to gauge a sense of direction. The all-share index has remained above the 80,000-point mark with investors buoyed by the Chinese economy reopening and bets on the US Federal …
Market Wrap | JSE flat, rand fails to take advantage of weaker dollar Read More »
The JSE climbed to an all-time high during Monday’s session as investors brace for a week packed with data releases. The All-Share Index closed 1.08% higher at 80,129 points with closed-end investments (2.55%), chemicals (2.39%), and alternative energy (2.39%) all performing well during the trading session. This week investors will look to the SA Reserve …
Market Wrap | JSE hits all-time high, investors eye interest rate hike Read More »
The JSE slipped on Thursday along with its global peers as renewed fears of a global recession weighed on investors’ decision-making. By mid-morning, the local bourse was a touch softer having tracked US markets overnight, which closed lower following the release of a poor December retail sales reading, which has stoked the flames of a …
Market Wrap | JSE falls, global recession fears return Read More »
The JSE scaled new heights as inflation cooled slightly for December while food prices remained red hot and Chinese tech stocks saw a rally, which has added $350 billion collectively to heavyweights Alibaba and Tencent. The JSE All-Share Index firmed to add 0.61% to close at 79,825 points. Earlier, inflation eased to its lowest point …
Market Wrap | JSE hits all-time high, Chinese tech stocks rally Read More »
The JSE traded marginally firmer on Tuesday having slipped during early trade as investors weigh South Africa’s economic woes. The All Share Index added 0.27% to close at 79,385 points. Eskom and the government are facing court challenges over unprecedented and ongoing load-shedding while President Cyril Ramaphosa cancelled his planned working trip to the World …
Market Wrap | JSE firmer, economists predict likely recession for SA Read More »
The rand weakened on Monday following President Cyril Ramaphosa’s decision not to travel to Davos, Switzerland to attend the World Economic Forum, opting instead to hold load-shedding crisis meetings with key stakeholders. By 09.30 am, the rand had dropped 1.29% against the US dollar to trade at R17.065 with the local unit recovering minimally to …
Market Wrap | Rand slides heavily after Ramaphosa cancels Davos trip Read More »
