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 …
The JSE clocked a third straight day of gains, adding 0.40% to 75,190.74 points as upbeat earnings expectations drove positive investor sentiment. The gains were again broadbased, with Thungela Resources gaining 6.41% as coal prices soared 3.50% and Mineral Resources and Energy Minister Gwede Mantashe threw his weight behind coal producers, emphasising that the fossil …
Market wrap: JSE clocks third day of gains, while Eskom flips switch on rand Read More »
The JSE started February off on a firm footing, adding to its 0.81% gain in January as risk-on sentiment returned following relaxed local Covid-19 regulations, US Federal Reserve officials playing down the prospects of aggressive interest rate hikes very soon and a slew of positive corporate news. The gains were broad based, with Alphamin soaring …
Market Wrap: JSE, rand extend gains as risk-on sentiment returns to markets Read More »
The JSE pared losses after a Fed-induced lashing along with other global markets to end the day 0.40% lower on 73,504.04 points. The rand, on the other hand, gave up all its gains in volatile trade to end the day back at the R15.40s opening level. At play was Federal Reserve Chair Jerome Powell’s hawkish …
Market wrap: JSE pares losses, while rand backtracks on dovish SARB Read More »
The JSE staged a strong comeback as investors fled to safe-haven commodities as tensions mounted in the Russia-Ukraine standoff, with the US urging citizens to “consider departing now”. Sasol was a star performer, gaining 7.24% as Brent hit $90 for the first time since October 2014. Bloomberg reports prices moved on supply jitters and mounting concern over a possible …
The JSE composed itself after a brutal global stock market selloff in the previous session as investors grappled with the triple whammy of imminent interest rate hikes, monetary policy tightening and increasing tensions between US and Russia over a possible invasion of Ukraine. According to Bloomberg global equities at one point wiped almost $3 trillion, …
Market wrap: JSE, rand stand ground as triple whammy roil global stocks anew Read More »
The JSE tanked 3.57% to 72,164.02 points, a level last seen in almost a month, as risk-off sentiment dominated global markets amid rate hike jitters and growing political tensions in the Ukraine. Bloomberg reports Russia’s troop buildup on the Ukraine border is now being cited by strategists as one of the main threats to global markets, …
Market wrap: JSE tanks with rand in tow on Russian and rate hike nerves Read More »
The JSE tracked its global peers lower as investors took profit and treaded cautiously ahead of imminent US interest rate hikes. A no-mercy approach from China in its fight against corruption and Big Tech also weighed down local tech heavyweights, with a 7.33% slump in Bytes Technology, 2.93% in Naspers and 2.53% in Prosus helping …
The JSE eked out a 0.07% gain at the end of the trading day to hold onto its record position above 76,000 points as commodities staged a massive rally and Naspers and Prosus received a healthy boost courtesy of a cut in Chinese rates. There has also been a massive demand for local equities from …
