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Bonds track rand weaker
September 30, 2011--South African bonds weakened further during midday play on Friday, as the market traded long after a spate of foreign selling this week and a poor auction on Tuesday. A local trader noted that the weaker rand was also weighing.
By 11:50, the benchmark R157 bond was trading at 7.010% from its previous close of 6.880%. The R207 was bid at 8.290% and offered at 8.280% from a previous close of 8.155% and the R186 was trading at 8.670% from its close of 8.510%
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Source: FIN24
Rand slides against dollar
September 30, 2011--The rand came under pressure in afternoon trade on Friday, off nearly 2% at its intraday worst figure of 8.15 against the greenback before making a slight recovery.
A local dealer noted choppy trade as investors looked at "fixing" positions ahead of month end, and quarter end. "The rand has come under some pressure today. The 8.00 level is a psychological number but we really need to see the rand break through its recent worst levels to get exciting." He noted that the euro was also under some pressure
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Source: FIN24
JSE punished by risk aversion, PPI data
September 29, 2011-- South African stocks ended lower for a second straight session after choppy trade on Tuesday as investors fled emerging markets and worse-than-expected producer inflation figures hit banks.
Johannesburg’s banking index closed a volatile session 3.2% lower, with Standard Bank the biggest loser, dropping 3.6% to R92.65.
“We had some PPI numbers which were a lot worse than expected,” said Nick Kunze, head of dealing at BJM Private Clients.
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Source: FIN24
Stronger rand eyes PPI, German vote
September 29, 2011--The rand firmed against the dollar on Thursday with dealers expecting it to maintain its gains and make another attempt to break R7.75.
Investors will watch to see whether Germany will vote in favour of expanding the eurozone's bail out fund to ease the debt burdens of countries such as Greece.
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Source: FIN24
Bonds weaker after PPI surprises
September 29, 2011--South African bonds were weaker in noon trade on Thursday after August's producer price index (PPI) registered growth of 9.6% year-on-year (y/y) - higher than the expected 9.0%.
By 11:50, the benchmark R157 bond was trading at 6.870% from its previous close of 6.845%. The R207 was trading at 8.180% from 8.095% previously and the R186 was trading at 8.550% from its close of 8.445%.
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Source: FIN24
JSE ends weaker in volatile trade
September 28, 2011--The JSE ended decidedly weaker on Wednesday after a volatile trading session, as investors awaited fresh news flow on the eurozone debt crisis.
The local exchange rallied 3.48% on Tuesday, along with other main global markets, on hopes that European authorities would soon announce a plan to resolve sovereign debt issues.
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Source: FIN24
Rand holds ground, bonds firmer
September 28, 2011-South African bonds were firmer, shadowing the stronger rand, during late trade on Wednesday. A local trader noted that the session had been fairly quiet.
By 18:00, the benchmark R157 bond was trading at 6.860% from its previous close of 6.880%. The R207 was bid at 8.105% and offered at 8.085% from 8.115% previously and the R186 was trading at 8.460% from its close of 8.440%.
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Source: FIN24
Bonds slightly weaker in quiet trade
September 28, 2011--South African bonds were weaker in noon trade on Wednesday, which a trader said was as a result of the market being caught long after recent foreign selling.
By 11:50, the benchmark R157 bond was trading at 6.905% from its previous close of 6.880%. The R207 was trading at 8.180% from 8.115% previously, and the R186 was bid at 8.490% and offered at 8.485% from its close of 8.440%.
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Source: FIN24
SA, global stocks gain most in 16 months
September 27, 2011-- South African stocks surged nearly 4% on Tuesday, booking their biggest one-day percentage rise in 16 months as beaten down shares were lifted by renewed optimism that Europe would deal with its debt crisis.
The blue chip Top 40 - (Tradeable) [JSE:J200] index snapped a four-day losing streak, adding 1 032.26 points to 27 493.63, while the broader All Share [JSE:J203] index was 3.5% stronger at 30 752.40.
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Source: FIN24
Rand recovers against dollar
September 27, 2011-The rand was sharply firmer against the dollar in midday trade on Tuesday - trading below the R8 level against the US unit - as it tracked the euro amid an improvement in global risk appetite on hopes that further progress will be made towards agreeing a means of tackling the European debt crisis.
At 11:50 local time, the rand was bid at 7.9158 to the dollar from its previous close of 8.0293. It was bid at 10.7001 to the euro from 10.8658 before, and at 12.2937 against sterling from 12.4957 previously.
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Source: FIN24
