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Rand weakens due to poor China trade data
February 9, 2015--The rand has retreated following firmer trade overseas, giving up its momentum as
markets have fretted over global growth after China's imports have fallen.
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Source: FIN24
SA stocks boosted by US jobs data
February 6, 2015--SA stocks have ended higher for the second straight session of gains,
lifted in part by monthly US non-farm payrolls data which showed the jobs market remained strong.
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Source: FIN24
Rand weakens on power supply shortage
February 6, 2015--The rand has softened against the dollar following strong gains,
while investors have fretted about the impact of electricity supply shortages on the economy.
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Source: FIN24
SA stocks inch up, Sasol offsets platinum gains
February 5, 2015--SA stocks have ended flat with gains made by platinum
companies offset by energy stocks suffering from weaker oil prices such as petrochemicals firm Sasol.
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Source: FIN24
Rand steady, government bonds gain
February 5, 2015--The rand has been steady, while government bonds gained
after an oil price drop and the ECB's decision not to accept Greek bonds raised doubts.
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Source: FIN24
SA stocks falter as investors sell retail shares
February 4, 2015--SA stocks have snapped a three-day winning streak as profit taking on retailers such as
Woolworths and Mr Price who recently hit all-time highs slid.
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Source: FIN24
Run in resources lifts JSE
February 3, 2015--The swing towards resources stocks on the JSE has gained momentum
, which pulled the market substantially higher.
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Source: FIN24
Rand retreats after strong overnight rally
February 3, 2015--The rand has retreated after strong gains, tracking Asian markets lower as concerns about
the global economic outlook sapped investor appetite for emerging assets.
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Source: FIN24
S&P Dow Jones Indices-Africa
February 2, 2015--It was a disappointing month for West Africa-and Nigeria in particular-but strong performances in South Africa helped the S&P All Africa to a total return of 1.4% for January, recovering somewhat from December's rout.
The S&P South Africa Composite rose by 3.15%, with the blue chip S&P South Africa 50 trailing the composite index by around 0.2%.
Elsewhere, the S&P Egypt BMI rose by 3.7%, as the central bank eased rates and widened the possible trading range of the Egyptian pound against the U.S. dollar. At the bottom of the pack came Nigeria, where terrorist group Boko Haram’s assault on the major northeastern city of Maiduguri added to the concerns of investors already noting the impact of low energy prices on the country's economy.
It was a good month for African fixed income investors, as the majority of our indices gained. The S&P South African Sovereign Bond Index showed the most notable performance with a total return of 6.8% for the month.
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Source: S&P Dow Jones Indices
JSE dips as investors take a breather
February 2, 2015--Share prices on the JSE have mostly been lower as investors seem to be
taking a breather after last week's strong run.
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Source: FIN24