The JSE gained for a third straight session on Friday to close a week that saw Naspers and Prosus drag the bourse down early on Monday and Tuesday while the rand showed some strength before the stronger dollar hit back. The All Share Index added 0.98% to close on 74,848 points. The rand’s resilience is …
Market Wrap: JSE closes the week in the green, rand continues to show its resilience Read More »
The JSE closed Thursday just under 1% up as risk appetite starts to return to the market and the ongoing peace talks between Ukraine and Russia could potentially yield a positive income. The All Share Index ended on 74,124 points. In the currency markets, the rand remained within a tight range for most of the …
Market Wrap: Rand breaks below the R14.90/$ mark Read More »
Stocks rallied on Wednesday on the back of hopes for a peaceful resolution in Ukraine and Chinese authorities pledging support to stabilise troubled markets, ahead of the US Fed rate hike decision expected later today. The Asian stock market found some cheer on during trade in the Far East with the Hong Kong Hang Seng …
Market Wrap: JSE adds over 4%, Naspers surges over 21% Read More »
The JSE was down as much as 3% in morning trade but rebounded later in the day to close 1.77% down with the All Share Index sitting on 70,628 points. At one point during the day tech-heavy Naspers and Prosus dragged the bourse below 70,000 as the pair extended their losses from the previous session …
Market Wrap: JSE continues losses from previous day’s trade Read More »
The JSE slumped 2.42% down today with heavyweights Naspers and Prosus lending the bourse no help due to their exposure to the Chinese market. The All Share ended on 71,904 points. Naspers and Prosus plunged 13.12% and 11.42% respectively after taking on heat due to Prosus’s 29% stake in the Chinese firm Tencent. The Chinese …
Market Wrap: JSE drops over 2%, exposure to Chinese firm sees Naspers slump 13% Read More »
The JSE lost its footing before the weekend to lose 0.28% with the All Share on 73,686 points. The rand traded below the R15.00/$ level after some good news from Ukraine where Russian President Vladimir Putin said there was some meaningful progress made on talks with Russia’s western neighbours. The local unit is currently trading …
Market Wrap: JSE ends the week slightly in the red, Rand holds firm at R15.00/$ Read More »
The JSE climbed 1.66% higher today and ended Thursday trade in the green to see the All Share sitting pretty on 73,889 points. This afternoon US CPI numbers came out exactly as the market predicted at 7.9%. The dollar reacted positively to the news, but the rand bucked the strong trend and firmed to R15.03/$ …
Market wrap: Rand remains bats back dollar strength to cling to R15.00/$ level Read More »
The JSE eked out a small gain of 0.40% on Wednesday with the All Share Index closing on 72,685 points. There was positive movement for emerging market currencies today with news that Ukraine is seeking a diplomatic solution to the war with Russian forces. “With the first step of a possible resolution insight, we have …
Market wrap: Risk returns to the markets, Rand ready to test R15.00/$ level Read More »
The JSE spent another day in the red and closed 1.28% down to see the All Share Index settle on 72,360 points. The JSE announced it would be changing its listing requirements “to increase exposure to the rapidly growing environmental, social and governance investment sector and to allow the sale of bonds to raise funds …
Market wrap: JSE eyes ESG listings and bonds, Rand remains resilient Read More »
Global equity markets have been bathed in a sea of red today while traders were adding bets on an outsized interest rate increase later this month with surging oil prices fuelling inflation expectations, reports Bloomberg. The All Share Index lost 1.92% to close Monday on 73,296 points. In the currency markets, the rand shrugged off …
Market wrap: A wave of red in global markets, Rand shows its muscle Read More »
