Category Archives: Market Data

Why the JSE closed lower last week Friday

By Sunburst Staff Trading on the JSE started high last week and closed weaker on Friday. This was after trading lower for most of the week. This was as markets responded to decision of the Reserve Bank statement released on Thursday in which interest rates were kept unchanged. According to the bank’s monetary policy committee (MPC), the deteriorating inflation outlook […]

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Sell-off on the JSE Continued Yesterday for a Second Consecutive Day

  Johannesburg—Sunburst Africa—The JSE All-Share Index closed 0.25 percent in negative territory on the JSE yesterday after trading lower on Tuesday June 19th. Among  top losers of the day were Kumba Iron Ore Ltd (JSE Code: KIO), down 5.8 percent,  Tiger Brands Ltd (JSE Code: TBS) down 4.5 percent,  MTN Group Ltd (JSE Code: MTN), Anglogold Ashanti Ltd (JSE Code: […]

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Will the Momentum on the JSE Continue?

By Vivian Atud Johannesburg– Sunburst Africa–The JSE All Share Index closed 0.71 percent in positive territory yesterday. Among the top winners of the day were Netcare (JSE Code: NTC) up 6.29 percent, Life Health Holding Group (JSE Code: LHC) up 3.12 percent, Kumba Iron Ore Ltd (JSE Code: KIO) up 2.50 percent, Firstrand Ltd (JSE Code: FSR) up 1.6 percent […]

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Rising Output in Platinum a Blessing and a Curse to SA Platinum Sector

While increasing production sounds like a great thing for most companies as it reflects proper utilization of resources and output maximization, it may not always be good for all stakeholders. South Africa is faced with an enormous rising costs, labour unrest and weak metal prices that has pushed South Africa’s platinum mining companies into radical restructuring, however, they are yet […]

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Global Market and Economic Updates

Economy For the first time since 2010, all four of the eurozone’s largest economies (Germany, France, Italy and Spain) recorded growth. And for the first time since Q1 of 2011, the currency area grew more rapidly than both the U.S. and U.K. The eurozone economy expanded by 0.4% at the start of the year, marking a pickup from the 0.3% […]

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Global Market and Economic Update

Economy The global sell-off in bond markets has resumed, as yields surge on 10-year notes in Italy, Spain, Portugal and Germany. With the full picture still far from clear, strategists and analysts have been hard pressed to pinpoint a specific reason for the shift over the past two weeks. Markets will now focus on rates today and several U.S. Treasury […]

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Why the JSE Closed 0.67 percent in Positive Territory yesterday

  What: The JSE All-Share Index closed 0.69 percent in positive territory yesterday after trading in positive territory for most of the day. Yesterday was an active day on the market with total volume traded 18.7 billion rands. Among the top winners of the day were Anglo American plc (JSE Code: AGL) up 3.4 percent; BHP Billiton plc (JSE Code: […]

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Why Shares of Nedbank Group Went Up 0.78 Percent Yesterday

  What: shares of the Nedbank Group Limited (JSE Code: NED) went up 0.78 percent on the JSE yesterday. Nedbank Group Ltd. is a bank holding company, with its principal banking subsidiary being Nedbank Ltd. The company’s ordinary shares have been listed on JSE Ltd. since 1969 and on the Namibian Stock Exchange since 2007. Nedbank Group is one of […]

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Why the JSE Closed in Negative Territory yesterday

By Vivian Atud What: The JSE all share- index Closed 0.12 percent in negative territory yesterday. Top losers of the day included CAPCO (down 3.6 percent), RMIH (down 2.7 percent), BATS (down 2.7 percent), Aspen, (down 2.5 percent), and SAB (down 2.4 percent). Total volume traded yesterday was 15.9 billion rand.   Why: negative sentiments about potential decline in growth […]

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The Worst is Yet to Come for SA Manufacturing

By Editor, Sunburst Africa   Sunburst Africa—Johannesburg—The manufacturing sector in south Africa has been under pressure for the past four years and the pressure may continue. According to the Kagiso Purchasing managers Index (PMI) for April, activity in one of SA’s most productive sectors, manufacturing, has deteriorated to four-year lows. If the trend continues it will have devastating effects on […]

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