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Just Like Nigeria, Ghana Exchange Embraces ETFs
January 4, 2012--The Ghana Stock Exchange (GSE) is getting set to embrace Exchange Traded Fund (ETF)just as like the Nigerian Stock Exchange (NSE), THISDAY checks have revealed.
An ETF is a fund that tracks an index with the aim of participating in the economic growth of sector or commodity. ETFs are traded like a ordinary stocks.
While the NSE listed its first ETF last December, GSE was said to have introduced rules for the listing of ETF in the Ghana capital market. Although details of the rules could not be obtained by THISDAY, it was gathered that they had already been approved by the Ghana Securities and Exchange Commission.
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Source: This Day live
NewGold ETF Loses Value on Poor Awareness
January 4, 2012--The newly-listed NewGold Exchange Traded Fund has shed 2.2 per cent at the stock market as demand for the instrument remained low apparently due to lack of awareness and understanding among investors.
The NewGold ETF, put together by ABSA Capital Limited and Vetiva Capital Limited had its 400, 000 units listed on the Nigerian Stock Exchange (NSE) at N2,526 per unit on December 19, 2011. Its price rose to N2, 584 in the first five days of trading after its listing. However, it later declined to close the year at N2, 470 last week, indicating a 2.2 per cent below its listing value.
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Source: The Day Live
Upbeat data ignite JSE, global stocks
January 3, 2011-- South African stocks jumped nearly 3% in the first trading day of 2012, booking their highest close since early December, as better-than-expected Chinese manufacturing data helped drive mining companies higher.
The Top 40 (Tradeable) [JSE:200] index of blue chips closed up 2.79% at 29 263.24. The broader All Share [JSE:J203] index was up 2.45% 32 768.35.
“There was some good manufacturing data that came out of China. That has helped move the market higher today. The expectation is that the trouble in Europe is not affecting China,” said Jonathan Feigin, a trader at Consilium Capital.
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Rand starts 2012 on firmer footing By 06:39 GMT the local currency was up 0.28% on the day at R8.0520 to the dollar, compared with Monday’s close at R8.0750. read more
JSE slips into red for 2011 read more
Rand and bonds firmer on last trading day In their last session for 2011, South African bonds were firmer as they tracked the stronger rand read more
Commodity prices drive JSE lower Local markets are set to close at midday on Friday ahead of the New Year holiday weekend. They will reopen on Tuesday January 3, as January 2 is a public holiday in SA.
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Rand slightly firmer against dollar
If the rand manages to strengthen
past 8.10 -- a level attempted in the past week and in November -- 8 rand forms the next area of resistance.
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JSE edges lower after US open He said there was not much in the way of economic data of any significance lately.
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Rand firms, stuck at resistance level "Although euro/dollar has been mostly rangebound, the rand may be getting support from a few year-end flows, allowing the unit to firm," said Anisha Arora, an emerging markets analyst at 4Cast Limited.
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Source:FIN24
January 3, 2011--The rand was slightly firmer against the dollar on the second trading day of the year on Tuesday and should stay largely range-bound as market players drift slowly back after the Christmas and New Year breaks.
Local traders returned to the market on Tuesday after local exchanges were closed for a post-New Year public holiday in South Africa on Monday.
Source: FIN24
December 30, 2011--South African stocks posted their first annual loss in three years on Friday, declining 0.6% for 2011 as concern about the eurozone crisis helped spark selling in miners and other companies sensitive to global growth.
Johannesburg's benchmark Top 40 - (Tradeable) [JSE:J200] index finished the day down 0.06% at 28 469.81. The annual decline is its first negative yearly performance since 2008.
Source: FIN24
December 30, 2011--The rand was firmer against the dollar in very thin trade at noon on Friday, even as the euro came under slight pressure.
Markets closed at noon today in SA - the last trading day of the year - ahead of the New Year holiday long weekend.
Source: FIN24
December 29, 2011--The JSE ended the day in the red after commodities continued to dictate the local market direction.
A local trader said that trade was in the red solely as a result of commodities pressure, as global markets were up at the time.
Source: FIN24
December 29, 2011-- South Africa's rand firmed against the dollar on Thursday with fewer importers around to buy dollars towards year-end but decent two-way trade left 8.10 resistance intact.
The currency traded in a 10 cent range between 8.12 and 8.22 per dollar in Thursday's session. It attempted 8.10 in the previous session but failed to break through that level.
Source: FIN24
December 28, 2011--The JSE ended the day a shade lower as US markets started trade.
A local trader said: "The JSE started off flattish, but gold share prices came under a lot of pressure, however the market managed to get into positive territory, but as the US came in, we weakened a little."
Source: FIN24
December 28, 2011--The rand firmed for a fifth day against the dollar on Wednesday, boosted by year-end flows and support for riskier assets from a stable euro.
The rand was 0.4 percent firmer against the dollar at 8.1190 by 1430 GMT, up from its previous close at 8.15. It strengthened to 8.10 in the session before bouncing back from that resistance level as trading volumes stayed thin.
Source: EUbusiness
