The JSE ended the week on a sour note, slipping for a second straight session after hitting a new all-time high earlier in the week on strong earnings reports and a rally in industrial metals and bank stocks. Ongoing positive corporate earnings updates buffered the slide, keeping the All Share index above 76,000 points. Anglo …
After a couple of good days’ trade, the JSE is slightly down on Thursday, losing 0.14% to see the All Share Index close on 76,585 points. The rand hit a snag in afternoon trade after the release of the US CPI numbers. The local unit dipped under the R15.10/$ mark earlier on before shooting up …
Market Wrap: JSE ends slightly in the red, rand settles below R15.20/$ Read More »
The JSE hit a new all-time record, adding 0.79% to close at 76,691 points, after investors piled into paper and packaging counters following robust earnings reports from paper makers at home and abroad. Investors piled into Sappi, which soared as much as 16% before paring gains to end the day up 14.72% after the group posted …
Market Wrap: JSE hovers just below 77,000 points, setting a new high Read More »
The JSE is showing that share investing is not a sprint as it continued its marathon run, adding 0.54% to breach 76,000 points. The last time the JSE was trading above this level was almost three weeks ago when it hit an all-time high of 76,233.26 points. The gains were broad based. RCL Foods soared, …
The JSE started the week off on the front foot, gaining 0.63% to 75,679.56 points on the back of stronger high-value and commodity stocks. Metals prices were mixed – platinum and palladium were trading on the back foot and were last quoted 0.54% lower at $1,021/oz and 1.79% weaker at $2,253/oz respectively. Gold stood its …
Market Wrap: High-value and mining stocks prop up JSE, while rand dips to R15.50/$ Read More »
The JSE ended the week positively added 0.25% to leave the All Share Index on 75,206 points. The US jobs report released on Friday showed that 467 000 jobs were created last month, much better than the expected 150 000 with the unemployment number sitting at 4%, which shows that more people are actively looking for jobs. …
Market Wrap: JSE ends a good week in the green, Rand flirts with R15.50/$ mark Read More »
The JSE failed to add to its three consecutive day streak of gains and closed 0.22% down with the All Share Index at 75,022 points. Pepkor gained 2.07% on the back of news that the retailer would purchase an 87% stake in Brazilian-based clothing retailer Grupo Avenida. The deal comes after a two-year due diligence …
