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JSE set to rise despite weak economy
July 7, 2014--Strong global markets and increasing commodity prices have pushed the JSE to its highest ever close,
with indications that the market will continue to rise.
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Source: FIN24
Vetiva rebalances assets under new index framework
July 6, 2014--VETIVA Fund Managers Limited said it has rebalanced underlying assets of its traded fund,Vetiva Griffin 30 Exchange Traded Fund (VG 30 ETF), in line with the bi-annual review of the NSE-30 index by the Nigerian Stock Exchange.
According to the fund manager, the investment objective of the VG 30 ETF is to track the price and yield performance of the NSE 30 Index, change to the NSE 30 Index, like change in the composition of the NSE 30 Index and/or in the weighting of the securities within the NSE 30 Index, which will require the VG 30 ETF Trust to make corresponding adjustments to its portfolio from time to time.
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Source: The Guardian
JSE ends at record highs
July 4, 2014--The JSE ended at record highs and looks set to keep its bullish tone next week if metal prices hold up
and the rand keeps weakening.
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Source: FIN24
Rand rebounds, metal strike enters fourth day
July 4, 2014--The rand has steadied, pulling back from losses that saw the
currency fall to two-week lows against the dollar, undermined by a national strike.
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Source: FIN24
Resources shine on JSE
July 3, 2014--Resources stocks have continued their strong run on the JSE on expectations of strong economic
growth in the world's two biggest economies, the US and China.
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Source: FIN24
Rand remains on back foot as strike continues
July 3, 2014--The rand has inched weaker against the dollar as an ongoing work stoppage in the engineering and
metal sector continued to weigh on investor sentiment.
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Source: FIN24
JSE stocks climb, gold shines
July 2, 2014--Stocks on the JSE have booked a record close as higher metal prices lifted resource companies such
as AngloGold Ashanti and Anglo American Platinum.
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Source: FIN24
Numsa strike weighs on rand
July 2, 2014-The rand has edged down against the dollar as the national engineering strike entered its second day,
weighing on investor sentiment.
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Source: FIN24
Nigeria: Danger of Insecurity Spreading South Worries Investors
July 2, 2014--Despite Nigeria's worsening security situation, foreign investors say they are not deterred from buying the nation's assets, Omar Hafeez, Citigroup's country head, said on Wednesday, citing $1.1 billion worth of Eurobonds it had traded for three local banks so far this year.
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Source: AllAfrica.com
JSE starts second half on positive note
July 1, 2014--Resource stocks have been particularly strong on the back of indications that a slowdown in China,
the biggest market for SA's commodities, has bottomed out.
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Source: FIN24
