The JSE ended the week on the front foot, with glittering golds outshining losses in heavyweight tech counters as the crisis in Ukraine kept investors on edge. The All Share index closed 0.28% stronger at 76,368.34 points. Although off an eight-month high above $1,900 an ounce, the tensions in Eastern Europe have helped gold track …
The JSE trended weaker in line with global equity markets as the risk-off sentiment over Russia-Ukraine tensions weighed on the stock indices. Both losses and gains were broad based, but losses in top-value stocks tilted the JSE 0.45% into the red to end the day on 76,154.69 points. Naspers and Prosus, which accounts for 12% …
The JSE leaped over the 76,500-point mark as commodities rebounded from a selloff in the previous session. Oil rallied as US and NATO officials reiterated they’ve yet to see evidence of a Russian pullback, with Brent crude gaining 2.50% to last trade at $95.84 a barrel. Sasol surged 4.61%. Precious metal prices also bounced after …
Market Wrap: JSE jumps on commodity rebound, while rand stages relief rally to R15.04/$ Read More »
The JSE managed to eke out a 0.12% gain to end the day higher but still below the 76,000-point mark after jumping almost a percent in intraday trading on optimism that geopolitical tensions in the Russia Ukraine saga were receding. Counters in the Resources (-2.49%) and Precious Metals & Mining (-3.78%) indices weighed the most …
The JSE slumped 0.81% to 75,765.16 points as a slide in JSE heavyweights Naspers and Prosus wreaked havoc and investors monitored developments in the Russia Ukraine standoff. Naspers and Prosus, which has a 12% weighting in the bourse, got hammered 4.61% and 3.44% respectively after India banned 54 apps of Chinese origin citing security concerns, …
Market Wrap: Naspers, Prosus weigh JSE down, while resilient rand flirts with R15.10/$ Read More »
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 »
