Stock Markets

Raising Oil Prices Directing Beijing to Strict the Monetary Policies

Raising Oil Prices Directing Beijing to Strict the Monetary Policies

The Shanghai Futures Exchange has witnessed lower base metals on Monday because of significant roll down of equities. The rumors that the frequently raising oil prices may force Beijing to strict the monetary policies, a bit more than expected, has played a significant role to decline the equities.

The London Metal Exchange was closed for the Good Friday and Easter Monday. According to a physical dealer in Shanghai, today the volumes were comparatively high although the prices have been reduced a bit.

JSE Suffers Decline

JSE Suffers Decline

JSE also followed the global market turmoil to suffer a decline at noon on Monday. Eurozone debt and the recent earnings in the US caused the markets of Asia and Europe to suffer losses on Monday.

Stocks news for South Africa

Stocks news for South Africa

There has been a recorded advancement in the shares of The FTSE/JSE Africa All Share Index. They have risen up by 0.4% as reported in Johannesburg.

JSE Targets U.S. Earnings

JSE Targets U.S. Earnings

JSE had a good week. It has managed to stay in the positive figures after it let go some of its earnings. A portfolio manager claimed that Anglo American and BHP Billiton have underperformed in the market recently.

At the close, the JSE index had gained 0.53%, while resources rose 1.53% and gold only claimed 0.66%. However on the other hand Platinum lost 0.21%.

In other sectors banks came down by 0.96%, financials are down by 0.20% and the industries got a blow of 0.06%.

Rand Maintains a Strong Position in the Market

Rand Maintains a Strong Position in the Market

Rand has maintained a strong position in the market with a backup of strong Euro and high gold price. The advancement of rand was also fuelled high price of platinum. The price of gold rose to be of US$1,471.49 per ounce on Friday. The two metals together account for a fifth of South Africa’s total exports.

In midday trade on Friday, the firm was at a level of 6.61 against the dollar. Rand was bid at 6.6306 versus the dollar and was bid at 9.5678 versus the euro.

South African stock market fade as Zimbabwe news drags down

South African stock market fade as Zimbabwe news drags down

South African resource-heavy bourse fell for the third day on Tuesday as Zimbabwe squeezed foreign mining firms further dragging to lower the platinum shares. Following reports that foreign mining firms functioning in Zimbabwe should sell majority of stakes to local black investors in the next six months; making Impala Platinum, the world's second-largest producer of the precious metal, the top loser.

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S. African rand steadies against dollar

rand steadies against dollar

On Friday, the South African rand continued to stand steady against the dollar and just shied away from the one-week high level. However, it seemed to be better prepared got further gains and has shown key resistance level to the previous session.

In the morning at 0700 GMT, the local stocks were at their highest start. They rose more than 1 per cent as compared to the previous session pulled up because of stronger metal prices. During the same time, the JSE's blue-chip June stock futures went up by 0.57 per cent.

South Africa Stocks Climb, Led by Anglo American, BHP Billiton, Sasol

Anglo American

South Africa’s FTSE/JSE Africa All Share Index has surged up by 1.1 percent on Wednesday trade. It has gained 345.37 points and touched 30,539.32 at 11:28 a. m. Anglo American, BHP Billiton, Sasol were among the most active stocks in the South African market today.

Stock price of Anglo American Plc (AGL SJ) has moved up by 1 percent and was recorded at 341 rand today. The company makes up around 11 percent of the benchmark stock index of South Africa. The stock has advanced with such pace after 3rd March.

JSE to get first female CEO

Nicky Newton-King

The current deputy chief executive of JSE Limited, Nicky Newton-King will occupy the position of chief executive by the end of this year. She will be the first woman to become the CEO of this 123-year-old institution.

Yesterday, this unexpected announcement was made by Russell Loubser who is current the chief executive officer of the JSE. With this announcement he has also declared the financial results of the year

2010. There was a marginal decrease in the earnings per share to R4.36 as compared to the previous year which was R4.56 per share.

S Africa 2010 Gold Output Falls

Gold

The Chamber of Mines declared on Monday that gold production in South Africa declined by 6% in 2010 as compared to 2010. It was mentioned by chamber in a statement that South Africa produced 191,833.7 kilograms of gold in 2010 as compared to 204,922.8 kilograms in 2009.

Similar declined is visible in the fourth quarter of 2010 also.

Third quarter recorded 50,504.3 kilograms of gold production and fourth quarter shows decline of 1.6% in production by producing 49,676.8 kilograms of gold.

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