Wednesday, January 24, 2007

JSE rourse to new High



The all share index was up 1.13% at 25,386.79 after reaching an all-time high of 25,438.49.Resources rallied 2.3%, with the gold and platinum mining indices jumping 2.06% and 2.15% respectively.Industrials climbed 0.4% and financials firmed 0.31%, but the banks index was 0.31% in the red.The rand was bid at 7.13 per dollar from 7.10 when the JSE closed on Tuesday, while gold was quoted at US642.80 a troy ounce from $639.85/oz at the JSE's last close.
Other Stats

Rand-Sterling 14.0941 0.18%
Rand-Dollar 7.1690 0.82%
Rand-Euro 9.2953 0.49%

Gold 641.25 -0.68%
Platinum 1163.00 -0.77%
Brent Oil 53.95 -2.09%
Current Trades
None but kicking myself for not buying SOL as a Call Warrant.
Watch List
1)JSE CODE:NHM 5040 -0.20 %
SECTOR: Platinum & Precious Metals
Comment: If it drops below 4500 I will trade it. But now its to expensive

2)JSE CODE:SOL 24199 4.31 %
SECTOR: Integrated Oil & Gas
Comment: I missed the train completely with this one being a star performer today. But the oil sector is volatile so there may still be opportunity

Tomorrow
I guess a small pull back will be in order.

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