Africa ETF News Older Than 1 year-If your looking for specific news, try using the search function
Bonds softer on weaker rand
February 4, 2013--The bond market was softer in midday trade on Monday on a weaker rand. Dealers said the release of the new consumer price index (CPI) weights at 09:00 had no effect on the bond market as it had already been priced in.
“The rand is the main factor today as the CPI weights had already been priced in‚” a local bond dealer said.
At 11:36 the benchmark R186 was trading at 7.360% from 7.280% at Friday’s close.
view more
Source: FIN24
Nigeria: NSE Index Rises Further By 0.12 Percent
February 1, 2013--Investors' value in the equities sector of the Nigerian Stock Exchange further firmed up yesterday as the twin indicators continued on the upbeat resulting in a further rise by 0.12 per cent.
Analysis of price movement showed that 40 stocks gained weight at the close of the day's transactions while 26 others constituted the losers' table.
view more
Source: AllAfrica.com
Top 40 index hits lifetime high
February 1, 2013--South Africa's index of blue chips climbed to a fresh record high on Friday, spurred by renewed interest in risky assets such as emerging market equities.
The Top 40 - (Tradeable) [JSE:J200] index at 11:18 was up 0.76% to 36 378.88 after hitting 36 385.91, its highest level ever.
view more
Source: FIN24
JSE lower as retailers continue slide
January 31, 2013--The JSE was lower in early morning trade with platinums providing some support, while retailers were once again under pressure after a large pullback on Wednesday due to a worse than expected Cashbuild (CSB) trading update.
The local market is awaiting the December PPI and December trade data due later today.
At 9:26 the JSE All Share [JSE:J203] index was 0.25% lower at 40 358.14 points‚ with the Top 40 - (Tradeable) [JSEJ200] index giving back 0.26% to 35 987 points. Platinums were 0.18% higher‚ while retailers gave back 1.16%.
view more
Source: FIN24
Bonds firmer on PPI and rand
January 31, 2013--The South African bond market was firmer in midday trade on Thursday after the December producer price index (PPI) data at 11:30 came in better than expected, while a stronger rand also helped the bond market.
SA’s producer inflation was expected to have increased to 5.5% year on year (y/y) in December from 5.2% y/y in November‚ a survey by I-Net Bridge found. The actual December number was 5.2% y/y.
view more
Source: FIN24
Retailers pull JSE off record high
January 30, 2013--The JSE closed in negative territory on Wednesday as it pulled back from a fresh intraday high following a serious tumble by retail counters.
A weaker than expected trading update from Cashbuild (CSB)‚ which caused the counter to shed 8% on the day‚ set the tone for the entire sector. Gold miners provided some upside‚ however‚ after the US announced a weaker than expected preliminary reading on US fourth quarter economic growth.
view more
Source: FIN24
Bonds mixed ahead of US GDP
January 30, 2013--The South African bond market was mixed in quiet midday trade on Wednesday. Dealers said the long and short end had rallied, but the belly was weaker, resulting in a butterfly effect as the market waited for direction from the US GDP data due at 15:30.
“There has been some nibbling at both the long and short end‚ but the belly is weaker. The auction offer announcement has resulted in some resistance‚” a local bond dealer said.
At 11:33 the benchmark R186 was trading at 7.430% from 7.450% at Tuesday’s close and 7.335% at Monday’s close.
view more
Source: FIN24
Resources push JSE to another high
January 29, 2013--The JSE closed at an all-time high on Tuesday boosted by general resource counters, while gold miners and platinums lost ground on a stronger rand and negative sentiment in those sectors.
At 17:00 the JSE All Share [JSE:J203] index was up fractionally (0.09%) at 40 652.96 points‚ with resources adding 0.89%‚ while gold and platinum miners gave back 0.52% and 0.09% respectively.
read more
Source: FIN24
Bonds off worst level on rand recovery
January 29, 2013-The South African bond market was mixed, but off its worst level in midday trade on Tuesday as the rand recovered.
“The rand recovery has helped our market. The auction also saw good demand for the R186‚” a local bond dealer said.
At 11:33 the benchmark R186 was trading at 7.455% from 7.335% at Mondays’ close and 7.350% at Friday’s close. The R157 was trading at 5.420% from 5.430% at its previous close and the R207 was trading at 6.410% from its previous close of 6.400%.
read more
Source: FIN24
Banks push JSE to record close
January 28, 2013--The JSE closed at a record high on Monday, despite some profit taking in some sectors during the day.
The bourse was bolstered by renewed optimism in US markets‚ which in turn put some pressure on the gold sector.
Locally banking and financial counters made gains while gold miners were the main laggards due to continued labour woes in the sector and the US market sentiment.
view more
Source: FIN24
