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NSE to List Five ETFs, Targets 40 Million Investors
March 21, 2013--The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, said the exchange would list five exchange-traded funds (ETFs) this year to increase products available to investors.
He also said the exchange is putting strategies in place to increase the number of investors from five million to 40 million by 2016. The NSE had last year listed the first ETF (NewGold).
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Source: This Day Live
JSE flat after CPI data, rates decision
March 20, 2013--The JSE was flat early on Wednesday afternoon, showing a muted response to the weaker-than-expected CPI print and the announcement that the repo rate
would stay unchanged at 5%‚ as expected.
SA’s consumer inflation rate rose to 5.9% year on year in February‚ after measuring 5.4% year on year in January‚ Statistics SA announced earlier this morning ‚ while the SA Reserve Bank left the repo rate unchanged. .
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Source: FIN24
Rand tanks on rates announcement
March 20, 2013--The South African Reserve Bank left the repo rate at historical lows on Wednesday, saying concerns about weak growth were offset by a deterioration in the inflation outlook caused a sharply weaker currency.
However, governor Gill Marcus made clear she would not be stepping in to stem a 9% depreciation in the rand this year, disappointing some analysts who had been expecting a more aggressive stance to defend the currency.
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Source: FIN24
Miners keep JSE on back foot
April 19, 2013--Heavy weighted mining stocks led the JSE lower at noon on Tuesday, offsetting gains in the banking and financial sectors.
At 12:34‚ the JSE All Share [JSE:J203] index was down 0.41% to 40 306.72 points‚ with the Top 40 - (Tradeable) [JSE:J200] index losing 0.51% to 35 772.46. The resource index dropped 1.55% but banks lifted 1.35%.
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Source: FIN24
Rand softer on electricity concerns
March 19, 2013--The rand extended its decline at noon due to fears of forced Eskom electricity blackouts,
that could have a negative affect on mining and manufacturing.
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Source: FIN24
Bonds soft despite good auction
March 19, 2013--The South African bond market has been soft in midday trade,
despite a good weekly bond auction as the weaker rand weighed on investor sentiment.
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Source: FIN24
JSE softer on global sentiment
April 18, 2013--The JSE followed world markets lower on Monday due to negative sentiment after a Cyprus bank bailout proposal that included an unexpected levy on bank account deposits.
The bailout proposal led to renewed fears that the eurozone debt crisis could deepen.
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Source: FIN24
Rand weaker but off worst levels
March 18, 2013--The rand has been weaker, but off the session's worst levels' as global risk sentiment regarding the Cyprus bailout deal
improved‚ boosting euro/dollar crosses.
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Source: FIN24
Bonds off worst level
March 18, 2013--The bond market has been off its worst level, as the rand recovered some of its losses after it
weakened following a bank bailout deal in Cyprus.
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Source: FIN24
JSE ends down despite miner gains
March 15, 2013--Despite miners making gains on the JSE on Friday, the all share index ended in negative territory, with platinums the main gainers and banks the laggards.
At 17:00‚ the JSE All Share [JSE:J203] index closed 0.37% softer at 40 757.94 points‚ with the top 40 index giving back 0.40%.
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Source: FIN24
