Company Data
| Last traded |
R29,189.72 |
| Change |
R115.53 |
| % Change |
0.40% |
| Cumulative volume |
0 |
| Market cap |
R0.00 |
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Top Stories
May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 28 2012 07:53
The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Johannesburg - The rand steadied against the dollar on
Friday and was expected to remain in familiar ranges as dealers bid their time
ahead of Monday’s decision on whether Greece will secure a bailout package to
avert a chaotic default.
There were no domestic figures coming out during the trading
day, so the rand will continue to take direction from abroad, traders said.
Government bonds were slightly firmer in line with the rand.
The rand was at R7.7726 to the dollar in early trade, not
far from Thursday’s New York close of R7.7755.
“Its just headline driven. At this stage, the market has got
itself short euros or long dollars across the board. This is an overnight
squeeze until we get clarity on the Greek story,” said Ian Martin, a trader at
Rand Merchant Bank.
“I think we going to remain choppy,” Martin added.
The rand hit a two-and-half week low of R7.88 on Thursday
but rebounded after encouraging jobs data from the US.
Tradition Analytics said in a note investors are looking to
Monday’s decision on the Greek bailout plan and are unlikely to commit to
positions before then.
On fixed income, the 2015 bond yield fell two basis points
to 6.64% and that on the 2026 note was down by the same margin to 8.285%.
Local stocks looked set for a positive start, with the
blue-chip Top 40 - (Tradeable) [JSE:J200] March futures contract up 0.73%
before the start of trade at 07:00 GMT.