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Crash or correction? You decide.



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JSE All Share Index: JSE-ALSI
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Advice
  • A crash course for the hardy investor:
    The JSE | Gold | The Rand | Bonds
  • The people in the know: What comes down must eventually go up again.
  • Gilt unit trusts: Too soon to panic despite the losses.
  • What to do in a crash: Most investors content to sit tight.

    Analysis

  • The experts predict more unseen blips on the radar.
  • A trader's tale of resignation: In the heart of the herd, the hoofbeats lose resonance.
  • The casualties of October '97
  • Latest prices, JSE wrap: Some fly and some fall in stock market's trampoline test.
  • Bond market report: The bond market gets shaken and stirred.
  • Why Hong Kong faltered: the implications for the region and the world of the market turmoil in Hong Kong.
  • Business Times Story...

    THE WEEK AHEA...

    BUSINESS DIGES...

    JSE takes a toll

    Gold Plunges

    Rand hits low

    Bonds dumped

    Some fly and some fall in stock market's...

    The casualties of October '9...

    Business Times Story...

    Mixed money supply signal...

    Impasse in battle for labour market refo...

    Moulding the future of SA busines...

    Some fly and some fall in stock market's...

    Kaizer Chiefs may bring soccer to the tr...

    Leading a drive into the rest of Afric...

    Back To Home Page

    JSE takes a toll

    Julie Walker

    THE JSE filled its traditional October role last month of making young men go grey and middle-aged men go bald.

    The indices showed the greatest volatility yet in terms of points and percentage losses and gains. The all-share index (Alsi) showed a net loss of 8% over the week when it closed at 6 589 on Friday -- a day in which the market regained 5% of its value to R1.18-trillion in hectic trade. Butthe Alsa had been to as low as 6 007, or minus 16% during Tuesday's frantic dealing.

    The sense of panic of October 1987 was not as prevalent and the quick fillups definitely suggest that most people do not believe this is for real. Buying interest was really strong on friday but dealers noted the cancellations by some clients of subscriptions in private placements.

    Ill-timed comment a week ago from the Swiss authorities about gold's future limited its potential as a safe haven during paper-market turbulence. The JSE's all-gold index fell to as low as 861 points, rallying to 897 for a net loss of 6.3%. The JSE recorded its highest weekly turnover ever, as the value of shares traded on Monday rose to R7.12-billion, good for brokerage if nothing else. Top of page

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