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Rand seen dropping to R11.02/$
March 5, 2014--The rand is likely to remain on the rack with expectations of it shedding around 3% in the next 12 months to trade at R11.02/$,
according to a poll.
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Source: FIN24
NSE to reduce transaction costs by N1.2bn
March 4, 2014--The Nigerian Stock Exchange says it has started a process that will reduce the amount investors pay for transactions on the Exchange. A statement on Tuesday by the Head, Public Relations, NSE, Mr. Dante Martins, explained the NSE would reduce the cost of its trade alert by about N1.24bn.
This, it stated, would be done through the scrapping of the 0.06 per cent charge on every trade on the Exchange and the introduction of an enhanced notification system.
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Source: Punch
JSE eyes Feb 21 record highs
February 4, 2014--The major indices on the JSE are approaching record levels again as investors shrugged off global woes and negative local economic news.
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Source: FIN24
Rand gains with emerging market currencies
March 4, 2014--The rand has gained more than 1% against the dollar as tensions between Russia and Ukraine appeared to ease.
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Source: FIN24
Ukraine crisis weighs heavily on JSE
March 3, 2014--Uncertainty returned to the JSE as the threat of war in the Ukraine and bad news out of China weighed heavily on investor sentiment
towards emerging market assets.
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Source: FIN24
Rand weakens amid Ukraine crisis
March 3, 2014-The rand weakened alongside other emerging markets on Monday as investors dumped high-yielding assets in a wave of risk aversion fanned by political tensions in Ukraine.
By 15:43 GMT the local unit was trading at R10.8185/$ to the dollar, down 0.57% from Friday's close in New York.
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Source: FIN24
JSE fails to track Wall Street rally
February 28, 2014--With the Standard and Poor-index on Wall Street closing on a record last night, the scene was set for a rally on the JSE this morning, but it did not happen.
By midday the all share on the JSE was only 31.83 points higher on 47 082, while the Top 40 index traded 43.48 points higher at 42 588.
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Source: FIN24
Rand weakens slightly ahead of trade data
February 28, 2014--The rand was slightly weaker against the dollar on Friday and could suffer further losses if trade data due later in the session disappoints.
The rand was at R10.7250 to the dollar at 06:29 GMT, down 0.3% from Thursday's New York close.
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Source: FIN24
Rand slips after budget
February 27, 2014--The rand was weaker against the dollar on Wednesday after Finance Minister Pravin Gordhan presented the 2014 budget to parliament and as emerging market currencies came under pressure.
The rand was at R10.8150 to the dollar at 15:35 GMT, down 0.8% from Tuesday's New York close.
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Source: FIN24
JSE firmer ahead of budget speech
February 26, 2014--All the indices were higher amid a stronger rand environment, except for gold miners. Even resources recovered from two days of profit-taking.
At midday the All-share index was up 63 points or 0.13% at 47,020 points, with the blue chip Top 40 index adding 99,57 points or 0.23% to 42 542. The resources index traded 0.21% higher, but the gold index was 1.95% lower.
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Source: FIN24
