Stock Markets

PLSA Reveals That Listed Stocks Showing Rise

Recent stock market reports have revealed that all share indexes have been outperformed by the listed property and it even continues to beat the JSE and inflation. There is yet one risk factor that is proving to be a hindrance and might harm the rising yields of bonds.

It has been reported that the sector is due to see a growth in its performance as well as poise. This shall be a result of the favor by the retail sector which shall give this sector long-term success.

It has been reported that monthly returns of this sector have reached from 1.4% to 2.6%.

Higher Mutual Fund Returns Lead to Economic Recovery in the US

Higher Mutual Fund Returns Lead to Economic Recovery in the US

The stock and mutual funds were found at a better position on the charts of the US index in comparison to its status previous year. As per Lipper Inc, the healthcare stocks which were found to be at a lower position previous year was marked on the top this year in the second quarter and first 6 months of this year.

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JSE Remained Stable After the Declaration of Private Sector US Jobs Data

JSE Remained Stable After the Declaration of Private Sector US Jobs Data

The Johannesburg Stock Exchange remained stable with the floating of private sector with the statistics of jobs in the US. A local business person predicted the market will move further with the declaration of the non-farm wages data.

The JSE all-share index increased by 0.24% with the banking sector rising up to 0.49% and financials gaining 0.34%. Industries also gained 0.34 percent. Platinum miners firmed 0.13 percent, gold miners gained 0.50 percent and resources were flat (0.02 percent).

Rand Moves Tad Bit Higher

Rand Moves Tad Bit Higher

In the recent developments of the stock market it was revealed that the rand, as shown a slight upturn in the market. This position has been calculated in comparison with the dollar which has been edging up and down the trail in the recent past.

This was the best news received by the rand in the past few weeks. There was a 7.49% fall recorded in the 2015 bonds. On the other hand, there was a high of 8.575% recorded in the 2036 points.

JSE High After the Greek Austerity Package

JSE High After the Greek Austerity Package

With the approval of the austerity package vote in Greece, JSE stock market demonstrated gains. With the passing of the austerity measures, the investors were happy as a rise was seen mainly in the mining shares.

The complete index of the JSE was up by 1.39% as it finished at 31 726.30 points. The gold mining index recovered by 2.46%. Anglogold Ashanti, Gold miner packed down by 2.49% to 287.99 rand, Gold Fields increased by 2.00% to 264.39 rand and Synthetics giant Sasol climbed 1.46% at 352.99 rand.

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S. African Rand Getting Stronger Against Dollar

S. African Rand Getting Stronger Against Dollar

On Wednesday, the South African Rand touched the two weeks high against dollar.

Rand jumped by 0.15% from 6.7125 on Tuesday to 6.7025 to the Dollar.

Nigeria Stock Exchange Celebrated Its 50 Years

Nigeria Stock Exchange Celebrated Its 50 Years

On 7th of June 2011, Nigeria stock exchange (NSE) celebrated its 50th anniversary. The event was chaired by the Vice President, Architect Namadi Sambo who represented the President, Goodkuck Jonathan but on the occasion NSE’s new Chief Operating Officer (CEO) was absent.

The absence of CEO marred the event as the stakeholders said that they were disappointed by his absence. Besides that, the stakeholders complained that the whole event was unorganized as they were reported of the event a day before which made it difficult to take out time from their busy schedule for the event.

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South African Bonds Go Stronger

South African Bonds Go Stronger

With the recent developments in the market, it has been revealed that the bonds of South Africa are about nine points stronger than they used to be. This is going to be possible now that the rand has appeared to be stronger and there have been some buying in the local fund.

There was a shift in the R157 bonds and they went up from7.530% to 7.460%. There was a bid offered at a price of 8.190% from the 8.275% it had previously been. The bid of the Rand against the dollar was set at 6.7758 from the 6.8001 it had previously been.

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Development of Mining in Johannesburg Stock Exchange

Development of Mining in Johannesburg Stock Exchange

There has been the revelation of a secondary listing in the stock exchange. The second mining list is of great interest for Ireland’s Kibo Mining firm. It shall be able to introduce the nickel and gold exploration as well as development drive.

There are two flagship projects that Kibo is involved with in Tanzania. "While access to capital is not one of the primary reasons for the listing, the company would like to be in a position where access to capital is facilitated to accommodate future growth”, Kibo said in its prelisting statement.

UCS Thinking to Delist From JSE

Johannesburg stock exchange

UCS is about to undertake the decision of quitting the Johannesburg stock exchange, as they were too small a company in comparison to their competitors. The organisation was keenly focusing on the software business development and was taking various measures.

UCS was in need of capital, this is why they were selling their cash-generative units to Business Connexion. As per the CEO of the company, Dean Sparrow, the firm had gone through a net loss from their various dealings, the company closed at 13.98% at the stock exchange.

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