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Bonds quiet ahead of weekend
November 12, 2010--South African bonds were steady in late trade on Friday, with no fresh news to give the market direction
By 15:30 the benchmark R157 bond was at 6.980%, from its close of 6.990% on Thursday, while the R207 was bid at 7.830% and offered at 7.800% from 7.830% at its previous close. The R186 was bid at 8.065% and offered at 8.030% after closing at 8.055%.
The rand was bid at 6.9134 to the dollar from its previous close of 6.9251.
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Source: FIN24
SA acts on BRIC club ambitions
November 12, 2010--South Africa has "applied" to join the four-member Bric grouping of fast-growing emerging markets, Russian President Dmitry Medvedev said at the Group of 20 meeting on Friday.
South Africa is the world's 31st-largest economy, according to World Bank data for 2009. It is less than a quarter the size of the smallest Bric economy, Russia, in the informal grouping that also numbers Brazil, India and China.
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Source: FIN24
Bonds little changed in quiet trade
November 11, 2010-- South African bonds were steady in quiet late trade on Thursday, with little being offered by way of direction.
By 15:30 the benchmark R157 bond was at 6.995%, from its close of 7.010% on Wednesday, while the R207 was bid at 7.845% and offered at 7.815% from 7.845% at its previous close. The R186 was bid at 8.060% and offered at 8.035% after closing at 8.060%.
The rand was bid at 6.9140 to the dollar from its previous close of 6.8868.
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Source: FIN24
JSE ends flat, but gold stocks up
November 11, 2010--The JSE closed flat on Thursday, in what a local trader called "a choppy day" and "not much direction
At the close the JSE all share index was a tad up at 0.13%. Resources were 1.15% higher while banks shed 1.09%. Gold stocks added 1.99% while financials lost 0.91%. Industrials gave up 0.39%
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Source: FIN24
Carbon Disclosure Project 2010 South Africa JSE 100 Report
November 11, 2010--Detailed analysis of responses received from the 100 largest companies in South Africa based on market capitalization.
view the Carbon Disclosure Project 2010 South Africa JSE 100 Report
Source: CDP
Bonds weaken on currency
November 10, 2010-- South African bonds were up to 8 basis points weaker in late trade on Wednesday, on the back of a weaker rand.
By 15:50 the benchmark R157 bond was at 7.030%, from its close of 6.955% on Tuesday, while the R207 was bid at 7.875% and offered at 7.845% from 7.760% at its previous close. The R186 was bid at 8.070% and offered at 8.060% after closing at 7.995%
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Source: FIN24
JSE ends lower on risk aversion
November 10, 2010--- The JSE tracked global stocks and closed in the red on Wednesday on the back of dollar strength and risk aversion, a local trader said.
At the close the JSE all share index had fallen by 0.46%, with platinum losing 1.38% and resources weakening 1.36%. Banks shed 0.82% while gold was down 0.61%. Financials were down 0.16%. Industrials bucked the trend and gained 0.31%.
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Source: FIN24
Longer dated bonds weaker
November 9, 2010-- South African longer dated bonds were weaker in late trade on Tuesday. A local trader said that the longer end of the market was under pressure following a poor auction earlier in the day.
By 15:30 the benchmark R157 bond was at 6.940%, from its close of 6.950% on Monday, while the R207 was at 7.780% from 7.735% at its previous close. The R186 was at 7.990% after closing at 7.970%.
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Source: FIN24
Record high gold price drives JSE
November 9, 2010-- The JSE finished strongly on Tuesday, with gold stocks being the driving force behind the rally. As of 16:29 the JSE had added 280.40 points to Tuesday's closing with all the indicators finishing in positive territory.
At the close the JSE all share index had increased by 0.87%, with gold leading the strong showing, rising by 3.55%, platinum also showing strong gains at 2.63% and resources firming 1.69%. Industrials gained 0.21%, banks added 0.67% and financials were up 0.56%.
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Source: FIN24
Bonds follow rand weaker
November 8, 2010-South African bonds were up to 4 basis points weaker in late trade on Monday, on the back of a softer rand.
By 15:50 the benchmark R157 bond was at 6.950% from 6.905 at its close on Friday, while the R207 was bid at 7.740% and offered at 7.710% from 7.680% at its previous close. The R186 was bid at 7.975% and offered at 7.945% after closing at 7.915%.
The rand was bid at 6.8499 to the dollar from its previous close of 6.7726.
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Source: FIN24
