Bulls all the way
Both the JSE bulls and the Blue Bulls stacked up huge scores on Friday – not called a bull market for nothing – the JSE closed at yet another high (16876).
Sasol (2.33%) combined well with BHP Billiton (2.01%) while Anglo American (0.79%) was caught flat footed. The movements on the currency market reflected the tussle between the Cheetas and the Lions, with the rand (Lions) managing to squeeze through a win with one cent (point).
The Efficient Group reports that the defence of the sharks were reminiscent of the disorganisation in the commodity market with only platinum (0.27%) putting up a good performance while oil (-1.00%) and gold (0.31%) were not on form.
The US managed a positive close on Friday with the technology laden Nasdaq recoding the best performance. The FTSE took a rest day with only a one point change while the DAX and CAC40 recorded 0.5% gain on average.
Japan’s tankan business survey came in below expectations prompting a sell off on the Nikkei currently down 0.56%. With today being the start of the last quarter of 2005, we may expect a sell off after the breathtaking soar on the market over the past month.
