The JSE resumed its run after a brief breather at the end of last week, closing 0.70% higher at 7086.85 points as heavyweight stocks buoyed the bourse amid panic over a Covid resurgence in Europe and as local cases began to rise ahead of the predicted fourth wave. Barloworld gained 7.54% after the car rental …
Market wrap: JSE stands firm despite Covid threat, while strong dollar roils rand Read More »
The JSE broke its winning streak, dipping 0.11%, but stayed within reaching the 71,000-point level as inflation fears hit markets. The rand pulled back after hitting R15.75 to last trade at R15.61 against the US dollar following the decision of the South African Reserve Bank to hike interest rates by 25 basis points. The split …
Market wrap: JSE break winning streak but stays above 70,000 points Read More »
The JSE held on to its all-time high levels by its teeth, gaining 0.01% to end the day on 70,942.34 in a mixed performance amid a wave of earnings reports and as the market prepares for tomorrow’s interest rates decision. Ninety One (+2.77%) added to its previous session gains as investors digested its record half-year …
Market wrap: JSE flat, rand wobbly ahead of key rates move Read More »
The JSE extended its record run, almost hitting its next milestone of 71,000 points amid a strong performance from Naspers and Prosus. Together the duo have a 12% weighting in the All Share index, which closed 1.21% higher at 70,938,41. The ecommerce giants both released trade updates today in which they said they expect a significant increase of …
Market wrap: Naspers, Prosus pair pull JSE further into record territory Read More »
The JSE jumped to a new all-time high just under 80 points shy of the 70,000-point level amid a field day for heavyweight industrial stocks. Richemont raced over 10% to a record after the company reported first-half earnings that beat estimates and said it’s preparing to cede control of Yoox Net-A-Porter via a deal with web-shopping specialist …
Market wrap: JSE hits new all-time high within a whisker of 70,000 points Read More »
The JSE extended its winning streak, adding 1.25% to end the day on 69,131.56 points as safe-haven commodity stocks continued to dominate amid inflation fears. Mining companies were again the top performers, with Harmony gaining 8.28% after sporting a “transformed portfolio” that “brought in the quality ounces” and supported “increased volumes” in its quarterly operational …
Market wrap: JSE extends winning streak on strong run in mining stocks Read More »
The JSE jumped 0.44% to close the day on 68,279.40 points amid a glittering gold performance and as Royal Bafokeng continued to lure investors on the impending takeover from Northam Platinum. The gold price jumped 1.5% to $1,860/oz as investors, spooked by US inflation numbers, took flight to the safe haven asset. This fueled gold stocks, with Anglogold …
Market wrap: Glittering golds boost JSE as inflation-wary investors flee to safe havens Read More »
The JSE slipped slightly as investors dumped platinum stocks on weakers PGM prices and after Northam foiled Impala Platinum’s bid for Royal Bafokeng with a massive R17bn offer in cash and shares. Northam was hammered 15.43% after it said it had offered RBH some R180.50 per RBPlat share – an enormous 50% premium to the current …
Market wrap: Big losers Northam and Telkom weigh on JSE Read More »
The JSE was off to a positive start to the week, gaining 0.33% to end on 68,049.34 points as commodities tracked an uptick in metal and oil prices, and Investec showed good gains. Investors piled into the bank, pushing Investec plc 7.61% and Investec Ltd 6.76% higher after the specialist bank and wealth manager said …
Market wrap: JSE off to positive start as investors brace for mini budget Read More »
The rand, bucking the trend as it continues to trade stronger than its emerging market peers, was undoubtedly the star in a market hammered by a selloff in techs and commodities as central banks from Canada to the European Union gave guidance on how they will eventually wind down stimulus in a still vulnerable global recovery. In contrast, the Turkish central …
Market Wrap: JSE slumps over 2% amid tech, commodity rout, while rand extends robust run Read More »
