The JSE opened positively on Friday, as global stocks recovered after China cut a key leading benchmark to support its economy but the local bourse traded in the red during the afternoon session to eventually close 0.96% down with the All Share Index at 67,575 points. Johan Rupert’s Swiss-based luxury goods holding company, Richemont, recorded …
The JSE gave up 1.40% on Thursday while global peers traded down as the effects of higher prices on earnings in the US and further monetary policy tightening on economic growth weighed heavily on traders’ minds. The local bourse sank two per cent in morning trade following heavy losses during the Asian trading session and …
Market Wrap: JSE trades lower while SARB hikes repo rate by 50bps Read More »
The JSE lost its footing during afternoon trade following the release of the local CPI numbers, which hit 5.9% for the third time in five months, with big hikes in fuel and food. The All Share Index closed 0.88% down at 69,083 points. Despite the local bourse trading lower, there was a raft of action …
Market Wrap: JSE down nearly 1% while rand holds under R16.00/$ Read More »
Positive signals out of China that Covid restrictions might be lifted in Shanghai following a third straight day of no infections outside of quarantine facilities helped markets to rise on Tuesday. Traders cheered the positive sentiment from China with the potential for supply-chain disruptions brought on by the Covid restrictions coming to an end. The …
Market Wrap: JSE extends winning run, Rand trades below R16.00/$ Read More »
The JSE traded a touch firmer on Monday after it slipped into the red during the morning sessions with investors digesting very poor economic results out of China. The local bourse added 0.82% with the All Share Index up to 69,212 points. Some of the top gainers today included Alphamin (6.95%), Thungela Resources (6.24%), and …
Market Wrap: JSE opens the week in the green, Rand trades around R16.20/$ level Read More »
The JSE firmed ahead of the weekend, along with global peers although there are still some turbulent conditions with concerns around tightening monetary policies. US Fed chair Jerome Powell reaffirmed to investors on Thursday evening that the central bank would still raise interest rates by 50 basis points at the next two FOMC meetings. The …
Market Wrap: JSE firms while the rand has a relatively stable week Read More »
The JSE traded weaker on Thursday along with its global peers as the feverish US inflation numbers placed pressure on equities and reinforced the need for aggressive monetary-policy tightening. The rand also slipped against the greenback. The rand opened around R16.18/$ and slipped further when it hit the R16.25/$ mark on the back of sustained …
Market Wrap: JSE falls along with global peers as US inflation weighs Read More »
The JSE firmed on Wednesday along with global peers as investors focused on US consumer inflation numbers, which came in at 8.3% year-on-year, slightly higher than the expected 8.1% YoY. The All Share Index closed at 68,416 points, adding 2.16% with the Top 40 adding 2.36% at 61,786 points. In the currency markets, the rand …
The JSE firmed on Tuesday to break a five-day losing streak amid a continued sell-off among emerging market peers “as global growth fears stoked by high inflation, tighter US monetary policy and a slowdown in China weighed on shares, while most regional currencies took a breather after a three-day slide,” reports Reuters. Market volatility came …
Market Wrap: Rand steadies as dollar strength halts, JSE firms after a string of losses Read More »
The JSE continued its losing streak on Monday, giving up 1.78%, which sees the bourse close in the red for the fifth consecutive trading day. The local bourse tracked global markets as inflation, monetary tightening, Covid-19 lockdowns in China, and the war in Ukraine continue to weigh heavily on markets. The All Share Index is …
Market Wrap: JSE extends losses as worries surrounding global growth continue Read More »
