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Bonds firmer on auction and rand
February 1, 2011--South African bonds were up to 13 basis points firmer in late trade on Tuesday, mainly on the back of a steady rand and a well-bid auction earlier in the day.
By 15:50, the benchmark R157 bond was trading at 7.780% from its previous close of 7.880%, while the R207 was at 8.520% from its previous close of 8.620%. The R186 was trading at 8.625% from 8.715%.
The rand was bid at 7.1539 to the dollar from its previous close of 7.1751.
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Source: FIN24
JSE ends higher on resources boost
February 1, 2011--The JSE ended firmer on Tuesday, given strong support by resources, which rose amid dissipating investor concerns over political instability in Egypt and positive company earnings in the US.
The JSE all share index closed 1.40% higher, led by resources which added 2.14% and gold miners which added 0.98%. Platinum miners were also 0.98% higher, while industrials lifted 0.89%. Financials were 0.89% higher, and banks rose 0.34%.
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Source: FIN24
Bonds weak, but off worst levels
January 31, 2011--South African bonds remained weak but were off the session's worst levels in late trade.
Bonds weak on rand, risk aversion Bonds were up to nine basis points weaker earlier in the day on the back of risk aversion emanating from political turmoil in Egypt and a softer rand.
By 3.50pm, the benchmark R157 bond was trading at 7.880% from its previous close of 7.850%, while the R207 was bid at 8.630% from its previous close of 8.590%. The R186 was bid at 8.725% from 8.695%.
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Source: FIN24
JSE plagued by Egypt woes
January 31, 2011-- The JSE ended in negative territory on Monday as political turmoil in Egypt continued to plague the local bourse.
The JSE all share index closed 0.46% lower, led by industrials, down 1.43%, and followed by banks which gave up 0.73%. Financials also declined, by 0.66%. Gold miners crept into the black, up 0.03%, as resources and platinum miners added 0.63% and 0.45% respectively.
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Source: FIN24
Bonds remain weak on rand
January 28, 2011--South African bonds were up to seven basis points weaker in late trade on Friday, on the back of a soft local rand.
By 15:50, the benchmark R157 bond was trading at 7.850% from its previous close of 7.770%, while the R207 was bid at 8.600% from its previous close of 8.505%. The R186 was bid at 8.715% from 8.600%.
The rand was bid at 7.1156 to the dollar from its previous close of 7.0521.
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Source: FIN24
JSE drops 520 points on US GDP
January 28, 2011--The JSE gave up more than 520 points at its close on Friday, taking a dim view of the gross domestic product (GDP) figure in the US, according to a local trader.
The JSE all share index closed 1.62% in the red, led by resources, 2.08% worse off, and platinum miners 2.75% weaker. Gold miners lost 0.74%.
Banks gave up 1.83%, financials shed 1.27%, and industrials lost 1.33%.
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Source: FIN24
Bonds weaker, market caught long
January 27, 2011-- South African bonds were weaker in late trade on Thursday. A local trader said the market was caught long following Tuesday's auction and a bout of foreign selling on Wednesday.
By 15:50, the benchmark R157 bond was trading at 7.780% from its previous close of 7.750%, while the R207 was bid at 8.520% from its previous close of 8.480%. The R186 was trading at 8.570% from 8.580%.
The rand was bid at 7.0466 to the dollar from its previous close of 7.0634.
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Source: FIN24
JSE gains capped by US jobs data
January 27, 2011--The JSE ended in positive territory on Thursday but off the session's best levels after worse than expected US jobless claims data.
The JSE all share index closed 0.54% firmer, with gold miners up 1.24%.
Resources gained 0.38%, but platinum miners were off 1.68%.
Financials improved by 1.03%, banks added 1.48% and industrials gathered 0.47%.
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Source: FIN24
Longer-dated bonds firm on demand
January 26, 2011--South African longer-dated bonds were firmer in late trade on Wednesday on the back of demand for duration stock.
By 15:50, the benchmark R157 bond was trading at 7.750% from its previous close of 7.745%, while the R207 was bid at 8.480% from its previous close of 8.500%. The R186 was bid at 8.595% from 8.610%.
The rand was bid at 7.0934 to the dollar from its previous close of 7.0458.
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Source: FIN24
JSE claws back earlier losses
January 26, 2011-- The JSE closed more than 300 points better off on Wednesday, benefiting from sentiment abroad and led by resources.
The local bourse clawed back some of the 480 points it had lost over the previous two days.
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Source: FIN24
