The JSE tracked global peers higher as investors went bargain hunting following last week’s sell-off. Not even an almost 5% drop in Naspers could dampen the performance as miners led the JSE to close 1.24% higher at 66,829.21 points. Platinum counters shone, with Northam gaining 7.88% after the miner said it acquired the remaining Zambezi …
Market Wrap: JSE shines as bargain-hunters dive into mining stocks Read More »
The JSE ended the week as it started, in the red with losses in platinum stocks weighing heavily. African Rainbow Minerals lost 7.27%, Implats 6.85% and Northam 5.84%. Anglo American (-0.77%) and Kumba Iron Ore (-1.41%) added to the slump, but BHP (+1.52%) and Glencore (+1.28%) bucked the trend. Gold miners Gold Fields (+2.56%) and …
Market Wrap: JSE ends week in the red as metal stocks extend losses Read More »
The JSE plummeted 2.64% as the mining rout continued and energy counters slipped on a slump in commodity prices as the US Federal Reserve’s tapering talk spooked investors. Bloomberg reports metals markets have been pressured by ongoing concerns over growth in top consumer China and worries that the Federal Reserve may soon start curbing massive …
Market Wrap: JSE plummets as US taper talk spooks investors Read More »
A carnage in mining shares weighed heavily on the JSE which only came online after lunchtime following a delay in trade due to record trading volumes in the previous session. The JSE said in a statement it was experiencing significant delays in processing significantly high trading volumes after a record day of value traded in equities – …
Market Wrap: JSE bleeds as mining stocks cut deep Read More »
BHP jumped as much as 10% before settling to close up 4.69% after the world’s largest mining company said it will merge its oil-and-gas business with Australia’s Woodside Petroleum and end its dual listing in London. The proposal, subject to approvals including by the company’s board, would leave BHP with secondary listings in London, Johannesburg and New York. …
Bright-spark BHP buoys JSE as Naspers, Montauk dive Read More »
The JSE started the week on the back foot, dipping 0.81% as Naspers and Prosus slumped 7.38% and 5.07% respectively following the completion of a share swap deal that sets up a cross-holding structure and moves majority ownership of their international assets to Amsterdam. Sasol slipped 5% despite delivering a strong set of results. Stock analyst David …
Market Wrap: JSE starts week on the back foot as Naspers, Sasol weigh Read More »
The JSE ended the week modestly in the red, dragged down by losses in heavyweight industrials in a volatile trading week. Investment holding firm Renergen, which holds the only onshore gas rights in South Africa, was among the biggest winners, adding 9.02%, while tech play Datatec gained 3.96% and private hospital group Mediclinic, which is 45% …
Market Wrap: JSE ends volatile week slightly in the red Read More »
Solid performances from renewable energy firm Montauk Renewables, retailer Steinhoff, gold counters, and container leasing group Textainer among others managed to keep the JSE in the green, albeit barely with a 0.02% rise to 69,617.16 points. Montauk, which specialises in the recovery and processing of biogas from non-fossil fuel sources, extended its recent bull run …
Market Wrap: Golds, surge in Montauk keep JSE afloat, rand rebounds after US CPI Read More »
The JSE extended its gains following the long weekend, with huge share price moves in the listed heavyweights. The almost 11% jump in Naspers and Prosus outweighed a significant decline in gold mining shares, tilting the scale in favour of a 1.35% gain in the All Share index to 69,602.04 points. Naspers (+10.65%) and Prosus …
Market Wrap: JSE shines as Naspers, Prosus counter drag in golds Read More »
The JSE stage a modest comeback, ending the week in the green despite a continued selloff in mining stocks. AngloGold Ashanti led the slide in the mining sector with a massive 12.04% drop after the miner trimmed its 2021 production estimate and posted a 10% drop in headline first-half earnings due to the impact of the Covid-19 …
