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JSE follows global markets lower
March 2, 2011-- Following global markets lower on Wednesday, the JSE ended in the red as concerns over the rising oil price and the continuing Libyan political upheaval prevailed.
Libyan leader Muammar Gaddafi warned the West on Wednesday afternoon against intervening to support the rebellion against him, saying that would unleash a "very bloody war" in which "thousands of Libyans would die."
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Source: FIN24
Bonds weaker in late trade
March 1, 2011--- South African bonds were weaker in late trade on Tuesday. A local trader said the market was caught long of stock after the weekly government bond auction.
By 15:50, the benchmark R157 bond was trading at 7.750% from its previous close of 7.770%, while the R207 was bid at 8.695% from its previous close of 8.645%. The R186 was trading at 9.010% from 8.945%
The rand was bid at 6.9303 to the dollar from its previous close of 6.9615.
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Source: FIN24
Global stocks fail to inspire JSE
March 1, 2011--The JSE finished lower on Tuesday, defying generally firmer global equities. Heavyweights - Anglo American [JSE:AGL], BHP Billiton [JSE:BIL] and Sasol [JSE:SOL] led the broad-based slide.
At the close, the JSE all-share index lost 0.69%, with resource stocks sliding 1.17%, gold counters shedding 0.11% and platinum miners sliding 0.95%. Banks fell 0.80%, financials eased 0.49% and industrials were 0.27% lower
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Bonds paint mixed picture in late trade The rand was bid at 6.9292 to the dollar from its previous close of 6.9756. read more
US sentiment leads JSE turnaround Banks were relatively flat, but financials added 0.35%, while industrials were 0.89% stronger,
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South Africa launches state mining company read more
Bonds firm in quiet trade The rand was bid at 6.9657 to the dollar from its previous close of 7.0404.read more
JSE rebounds on 'bottom fishing' read more
Libyan turmoil weighs on JSE
The rand was bid at 7.06 to the dollar from 7.08 at the JSE's close on Wednesday. read more
Mines back nationalisation investigators read more
Source: FIN24
February 28, 2011--South African bonds were mixed in late trade on Monday. The R157s were slightly firmer, while the R186s were a touch weaker on the back of issuance concerns.
By 15:50, the benchmark R157 bond was trading at 7.760% from its previous close of 7.770%, while the R207 was bid at 8.650% from its previous close of 8.625%. The R186 was bid at 8.950% from 8.910%.
Source: FIN24
February 28, 2011--The JSE added more than 300 points on Monday following a sharp turnaround, tracking sentiment on Wall Street.
At the close, the JSE all-share index gained 0.96%, led by resource stocks, adding 1.29%, with gold counters gaining 1.04%. Platinum miners advanced 0.97%.
Source: FIN24
February 25, 2011--The launch of state-owned mining company is renewing questions about whether South Africa has long-term plans to nationalize the lucrative industry.
President Jacob Zuma officially launches the company this weekend at a coal mine in eastern South Africa. The mining ministry says the company, known as the African Exploration Mining and Finance Corporation, will initially focus on ensuring the state-owned electricity utility has enough coal.
Source: Times Live
February 25, 2011--After an eventful week in terms of local data, South African bonds were firm in quiet late trade on Friday, following a stronger rand.
By 15:50, the benchmark R157 bond was trading at 7.550% from its previous close of 7.790%, while the R207 was bid at 8.620% from its previous close of 8.665%. The R186 was trading at 8.910 from 8.940%.
Source: FIN24
February 25, 2011--The JSE bounced back in afternoon trade on Friday, snapping a three-day losing streak in a week that was dominated by the Libyan crisis, which put selling pressure on riskier assets like equities.
The market experienced a good rebound in the afternoon session on the back of a combination of bottom fishing, short-covering and quietness regarding the tension in Libya, said Mpho Mojalefa, trader at BJM Private Client Services.
Source: FIN24
February 24, 2011--The JSE ended sharply lower on Thursday, still reeling from heightened uncertainty about the political tensions in north Africa and the Middle East.
At the close, the JSE all-share index was down 0.71%, with platinum miners sliding 2.65% and gold counters falling 1.12%. But resources eked out a 0.11% gain. Banks lost 1.15%, financials shed 1.10% and industrials slid 1.37%.
Source: FIN24
February 24, 2011-- The Chamber of Mines of SA on Thursday welcomed the appointment of independent researchers to investigate the nationalisation of South African mines.
"The approach by the ANC to appoint independent researchers is lauded, as this will not only increase the credibility of the findings but will also ensure a wider support of those findings once the investigation has been completed," Chamber CEO Bheki Sibiya said in a statement.
Source: miningMX
