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Bonds little moved in lacklustre trade
April 20, 2011--South African bonds were slightly firmer in late trade on Wednesday, amid quiet conditions ahead of the long Easter weekend.
Owing to the long weekend and more public holidays next week and the following one, many players are keeping to the sidelines.
Bonds were also unmoved by worse than expected consumer inflation data earlier on Wednesday morning.
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Source: FIN24
Rally helps JSE to rebound
April 19, 2011--- The JSE rebounded strongly on Tuesday, ending the day in positive territory thanks to bargain-hunting and some possible short-covering.
The local market enjoyed a snapback rally after tumbling 2.60% yesterday, said Andrew Todd, an equity derivatives trader at Imara SP Reid. But trading remained skittish, he added.
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Source: FIN24
Bonds softer in quiet trade
April 18, 2011--South African bonds were softer in late trade on Monday, mainly on the back of the weaker rand, with many players electing to remain on the sidelines ahead of the Easter weekend and inflation and retail data later this week.
By 15:45, the benchmark R157 bond was trading at 7.715% from its previous close of 7.670%, while the R207 was bid at 8.505% from 8.430%. The R186 was bid at 8.750% from its previous close of 8.685%.
The rand was bid at 6.8588 to the dollar from its previous close of 6.7944.
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Source: FIN24
Bonds softer in quiet trade
April 18, 2011--South African bonds were softer in late trade on Monday, mainly on the back of the weaker rand, with many players electing to remain on the sidelines ahead of the Easter weekend and inflation and retail data later this week.
By 15:45, the benchmark R157 bond was trading at 7.715% from its previous close of 7.670%, while the R207 was bid at 8.505% from 8.430%. The R186 was bid at 8.750% from its previous close of 8.685%.
The rand was bid at 6.8588 to the dollar from its previous close of 6.7944.
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Source: FIN24
JSE falls as S&P cuts US debt outlook
April 18, 2011-- The JSE tumbled 2.60% or nearly 840 points on Monday after Standard & Poor's (S&P) trimmed its outlook on US government debt, sparking fear among investors in SA and across the world.
"The S&P revised its outlook for US debt and said it might downgrade America," said Andrew Todd, an equity derivatives trader at Imara SP Reid. The S&P move sent shivers down investors' spines, Todd said.
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Source: FIN24
Bonds firm on foreign interest
April 15, 2011--South African bonds were firmer in midday trade on Friday, which a trader said was on the back of interest from offshore players.
By 11:50, the benchmark R157 bond was trading at 7.730% from its previous close of 7.770%, while the R207 was bid at 8.490%, from its previous close of 8.520. The R186 was bid at 8.745% from its previous close of 8.780%.
The rand was bid at R6.8250 to the dollar from its previous close of R6.8348.
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Source: FIN24
Selling pressure squeezes JSE
April 15, 2011--The JSE finished the week lower on Friday, as banks and resources bore the brunt of selling pressure.
Andrew Todd, an equity derivatives trader at Imara SP, said there was no single overriding factor that pulled the market lower.
By the close, the All Share [JSE:J203] index was down 0.59%, with resources falling 0.91%, gold miners dropping 0.63% and platinum miners easing 0.60%.
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Source: FIN24
Weaker euro drags down rand
April 14, 2011--The rand fell more than 1% against the dollar on Thursday to a fresh two-week low, mostly tracking sharp losses in the euro and in what traders saw as correction after a recent rally.
In afternoon trade the unit was 1.17% softer at R6.87/$ compared to Wednesday's close at R6.7910/$.
It touched R6.8750/$ earlier on Thursday, its weakest level since March 29, according to Reuters data.
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Source: FIN24
JSE closes on a slightly higher note
April 14, 2011--The JSE ended slightly firmer on Thursday, capping a volatile session that saw the market swing from losses to gains.
"It has been a volatile day, with futures dropping around 250 points before recouping these losses," Andrew Todd, an equity derivatives trader at Imara SP Reid, said.
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Source: FIN24
Bonds weaker on rand
April 13, 2011--South African bonds were mostly weaker in late trade on Wednesday, largely on the back of a softer rand. A local trader said there was a lack of support from domestic real money accounts.
By 15:58, the benchmark R157 bond was trading at 7.770% from its previous close of 7.775%, while the R207 was bid at 8.540% from its previous close of 8.515%. The R186 was trading at 8.820% from its previous close of 8.770%.
The rand was bid at R6.7663 to the dollar from its previous close of R6.7358.
