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Rand at best level in four days
March 25, 2013--The rand has strengthened to its best intraday level to the US dollar in four days,
boosted mainly by positive global market sentiment.
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Source: FIN24
Nigeria: Investors Stake N5 Billion On 409.81 Million Shares On NSE
March 22, 2013--The volume of shares traded on the Nigerian Stock Exchange (NSE) yesterday increased by 30.51 per cent as investors staked N4.71 billion on 409.81 million shares in 5,311 deals.
This was in contrast to the 314.01 billion shares worth N3.30 billion traded in 4,986 deals on Wednesday.
The increase in the volume of shares traded was influenced by Access Bank which emerged the most traded equity with 141.98 million shares worth N1.46 billion exchanged in 334 deals.
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Source: Allafrica.com
Industrials push JSE to 13-day lows
March 22, 2013--Industrial stocks slid the most on Friday, dragging the JSE to its lowest point in more than two weeks,
as debt tensions in Cyprus continued to dominate global risk sentiment.
At 12:48pm‚ the JSE All Share [JSE:J203] index was down 0.63% to 40 063.39 points‚ with the Top 40 - (Tradeable) [JSE:J200] index losing 0.76% to 35 512.32. Industrial stocks lost 1.43% but the gold mining index lifted 1.29%.
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Source: FIN24
Bond softer on weaker rand
March 22, 2013--The South African bonds market has been quiet with trade being softer at noon due to a weaker rand.<
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Source: FIN24
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
