The JSE managed to eke out a 0.01% gain to hold onto a record 75,060.92 points as investors shrug off omicron and despite negative news from China. Losses in Naspers (-3.46%) and Prosus (-3.21%), which together account for a 12% weighting in the All Share index threatened to derail the JSE from its winning New …
The JSE stormed to a new record above 75,000 points as it tracked gains in global stocks and investors piled into heavyweight value stocks across the board despite persistent fears over the spread of the omicron Covid variant. The FTSE/JSE Africa All Share Index ended the second trading day of the year up 1.80% at 75,046.46 points, …
The JSE ended the first trading day of the new year on a positive note, with the All Share index closing a marginal 0.02% higher on 73,722.60 points after breaching 74,000 points in intraday-trading and advancing more than 20% in 2021 despite inflation fears and new COVID-19 variants. The rand also started the new year …
After two days of gains, the JSE All Share Index railed late on the last half-day of trading for the year but still lost 0.10% to close the year at 73,709 points with the rand remaining flat and last trading at R15,90 to the Dollar. Gold traded firmer today, trading at $1,817 at last count. …
Market Wrap: JSE ends the year down, Rand holds steady under R16/$ Read More »
The JSE All Share Index added 0.75% to close on 73, 786 points after strong gains yesterday meant it broke the 73 000-point mark. The Rand battled again today but remained below R16/$ to last trade at R15.92. The Rand has been up and down over the last couple of days while emerging market units …
As global markets paused for breath, the JSE powered ahead to a new record over 73,000 points on strong gains in heavyweight industrial and rand-hedge stocks. The rand was trading under pressure along with other emerging market units, with the Turkish lira giving up over 6% against the dollar and 5% against the rand even …
Market Wrap: JSE powers to new record as heavyweights rally on faltering rand Read More »
The JSE staged a 1.22% rally, catching up on a surge in global stocks following the long weekend and as commodity stocks supported the All Share index’s race to 72,444.52 points, a far cry from just over 60,000 points on the first trading of 2021, but still shy from the record 72,939.25 points it reached on 7 …
Market wrap: JSE eyes 73,000 points in year-end rally, while rand stumbles in thin trade Read More »
A reversal in fortunes at the close placed a damper on the Christmas cheer the JSE enjoyed for most of the shortened trading day, with the All Share index breaking its three-day winning streak with a 0.16% dip. The rand, however, made a dash for the R15.55-level against the US dollar, breaking through just before …
Market Wrap: Commodities spoil JSE cheer, rand firms Read More »
The JSE has filled its Christmas stocking with a further 0.46% gain to 71,684.10 points on a dose of positive Tencent news for heavyweights Naspers and Prosus and amid investor optimism that omicron may be less severe than previously thought. Bloomberg reports Tencent surged 4.2% after the Chinese tech giant, in which Naspers (+1.09%) and …
The JSE ended in the green for a second consecutive session after recent global selloffs due to omicron, with the All Share Index ending the day 0.34% higher on 71,359 points. On the currency front, the rand spent most of the day below the R15.90-level against the US dollar and was last trading 0.23% firmer …
