Africa ETF News Older Than 1 year-If your looking for specific news, try using the search function
Resource counters knocked
December 11, 2009--The JSE was off its best levels by the close on Friday as a strong dollar knocked commodity prices and hence pulled heavyweight resources counters lower.
At 17:00 the JSE all share index had gained 0.77%, with industrials up 1.13% and platinum counters up 2.01%. However, gold counters fell 0.86%. The resources index was up 0.49%. Banks gained 1.34% and financials were 0.68% higher.
Local stocks were over 200 points higher earlier in the day as Dow futures, an improved Europe and strong Asia provided an underpin.
read more
Source: FIN 24
Bond market eyes auction, CPI
December 11, 2009-South African bonds remained steady, but with a slight improvement being seen during the afternoon session on Friday as the rand toyed with the 7.50 to the dollar level.
By 16:06, the short-term government R154 bond was bid at 7.235% from a previous close of 7.210%. The medium-term R157 was at 8.380% from 8.365% at its previous close, while the long-term R186 was bid at 9.010% from 8.990% before.
The rand was bid at 7.4838 to the dollar from 7.5205 at its previous close.
Source: FIN 24
JSE slightly firmer on US data
Decmber 4, 2009--The JSE turned around and ended 76 points firmer on Friday in line with positive Wall Street trade on the back of a marked improvement in US payrolls data.
At 17:00 the JSE all share index had edged up 0.28%, with resources up 0.16% and platinum producers collecting 0.50%, but gold miners shed 2.99%.
Banks were flat, up 0.04%, financials were down 0.40% and industrials put on 0.75%.
The rand was bid at 7.35 to the dollar, from 7.34 when the JSE closed on Thursday. Gold was quoted at $1 190.73 a troy ounce from $1 208.30/oz at the JSE's last close, and platinum was at $1 466/oz, from $1 478.50/oz the bourse's previous close.
read more
Source: FIN24
JSE sees small recovery
November 27, 2009--Despite a red gloss to South African stocks, markets recovered somewhat throughout the day on Friday, led by Europe with the local bourse improving throughout the day.
US markets opened strongly in the red, having to play catch up following a Thanksgiving holiday yesterday. The Dow was set to absorb the news from Dubai that gripped global markets yesterday.
read more
Author: Fin 24
Improved rand keep bonds bid
Novemeber 27, 2009--Bonds gained five basis points on Friday thanks to a more positive global marketplace and a recovering rand in the wake of the Dubai debt bombshell.
By 15:55, the short-term government R154 bond was at 7.270% from a previous close of 7.320%. The medium-term R157 was at 8.450% from 8.470% at its previous close, while the long-term R186 was at 9.190% from 9.180% before.
read more
Source: Fin 24
Rand weakens on stronger dollar
November 20, 2009-- The rand softened in the afternoon session on Friday, trading at its weakest levels of the day amid a stronger dollar particularly against the euro, according to a local trader
At 15:25 the rand was bid at 7.5767 to the dollar from 7.5222 at its previous close. It was bid at 11.2264 to the euro from its previous close of 11.2325 and was at 12.5020 against sterling from 12.5395.
read more
The euro was bid at $1.4817 from $1.4914 overnight.
Source: Fin 24
Economic growth 'has returned'
November 20, 2009-- South Africa's economy is expected to have turned the corner during the third quarter, with growth in gross domestic product expected to be 0.7% quarter-on-quarter (seasonally adjusted annualised), according to a poll of leading economists.
This will follow from the -3.0% and -6.4% in the first and second quarters. Statistics SA is due to release GDP growth figures on Tuesday.
The third-quarter GDP of 2008 was the fortieth consecutive quarter of positive growth since 1998, but this came tumbling down in the fourth quarter as the first decline in a decade was registered.
read more
Source: Fin24
Bond sales to foreigners drop
November 16, 2009--Foreigners were net buyers of R2.961bn worth of South African bonds, including repurchase agreements, in the week ended November 13, after net purchases of R3.121bn worth of local bonds the week before, figures from the Bond Exchange of South Africa show.
This brought net sales, including repurchase agreements for the year to date, to R7.977bn.
In 2008 foreigners were net sellers of R40.729bn worth of South African bonds, including repurchase transactions.
read more
Source: Fin24
Rand firm ahead of weekend
October 13, 2009--The rand remained firm ahead of the weekend with the dollar still under some pressure amid an improvement in global risk appetite.
At 16:00 the rand was bid at 7.4308 to the dollar from 7.4564 at its previous close. It was bid at 11.0543 to the euro from its previous close of 11.0703 and was at 12.4050 against sterling from 12.3720.
The euro was bid at $1.4873 from $1.4845 overnight.
read more
Source: FIN24
Gold drives firmer rand
November 9, 2009--A firmer rand tracked record gold prices and a weaker greenback in the afternoon session on Monday.
At 15:52 the rand was bid at 7.4179 to the dollar from 7.5052 at its previous close. It was bid at 11.1250 to the euro from its previous close of 11.1693 and was at 12.4355 against sterling from 12.5018. The euro was bid at $1.4986 from $1.4873 overnight.
read more
Source: Fin24
