The JSE has set yet another record, the third one since the start of the year, with the All Share Index surging 1.63% to 76,176.15 points as commodities rallied. Coal counters lead the charge, with Kumba gaining 8.95% as China’s thermal coal futures soared more than 6% amid supply jitters ahead of a national holiday when coal …
The JSE stumbled 0.84% to 74,955.66 points amid a global tech rout in which heavyweights Naspers and subsidiary Prosus both gave up almost 3.5%, tracking losses in Tencent as investors continue to fret over imminent interest rate hikes and their impact on high-flying tech stocks. The pair has a 29% exposure to the Chinese tech giant. Losses …
Market Wrap: JSE, rand stumble as inflation, rate hike talks dominate markets Read More »
The JSE started the week on the front foot in the absence of trading in the US, with the All Share index adding 0.58% to 75,593.47 points on a strong performance from retail stocks. Retailers Homechoice (+16.60%), Woolworths (+4.02%), Truworths (+3.77%) and Lewis (+3.01%) were among the top gainers ahead of retail sales data and …
Market Wrap: Retailers boost JSE within reach of all-time high Read More »
The JSE fell today, following a tech-driven sell-off on Thursday in the US. The South African bourse ended up closing 1.01 % down at 75,160 points. Traders are worried about inflation, with rising prices hitting companies’ profits, causing the stock markets to tremble. However, several shares went against the trend and closed in the green. …
Market Wrap: JSE closes lower, rand hovers below R15.40/$ Read More »
The JSE spent the entirety of the day in the red before a favourable late swing added 0.05% to the All Share Index to cap two consecutive days of positive trade where the bourse closed on 75,926 points. After a hive of activity overnight the rand was trading as low as R15.28/$ but has returned …
Market Wrap: JSE just below 76,000 point mark with a second consecutive all-time high Read More »
The JSE reached an all-time high of 75,885 points today, up 2.59%, lifted by commodity-linked sectors and tech stocks. The stock exchange took a leap in the early morning trading, following the rise of markets in the US on Tuesday and Asia on Wednesday. This comes after Federal Reserve Chair Jerome Powell’s renomination hearing before …
The JSE opened up positively on Tuesday, but took a fall in the afternoon as both the S&P 500 and Dow Jones were down in the early morning trading. The JSE All Share Index closed by adding 0,19% to 73 971 points. Markets were struggling for direction awaiting the confirmation hearing of Federal Reserve chair …
Market Wrap: JSE ends the day positively, Rand remains flat against the Dollar Read More »
The JSE started the week where it left off on Friday, slipping another 0.15% to 73,830.47 points amid a rout in alternative energy and high-valued tech counters. This is well off its all-time high of 75,060.92 points reached on 5 January but still higher than the 73,786.45-point close on the last day of trade of …
The JSE retreated for a second day, giving up more than a 1,000 points from its all-time high of 75,060.92 points reached on Wednesday after the US Federal Reserve spoilt the party with its hawkish monetary policy stance. Asset manager Ninety One (-6.28%) led the losses in a mostly positive financial services performance. All the …
It was bound to give. The JSE ended its three-day winning streak with a 1.19% dip to end the day on 74,165.25 points as investors mulled over the hawkish minutes of the US Federal Reserve’s December meeting that signalled tighter monetary policy will be here sooner rather than later. Precious metals took a beating. Bloomberg …
