Johannesburg - The JSE set a fresh all-time closing record on Tuesday‚ extending gains on the All Share [JSE:J203] index to 18.80% from a year ago‚ amid a broad-based rally. At 17:00‚ the JSE all-share had lifted 0.97% to 36 974.24 points‚ while the Top 40 - (Tradeable) [JSE:J200] index gained 0.95% to 32 767.23 points‚ another fresh high. The platinum index led the rally with a 2.48% gain.
“The risk-on rally was the flavour of the day. The positive US economic and earnings data implies stabilisation of that country’s economy‚ which is good for growth assets‚” said Mohammed Nalla‚ analyst at Nedbank Capital.
Leading European stock benchmarks extended gains‚ with London’s FTSE 100 last seen up 1.07%‚ while the Dow Jones Industrial Average had gained 0.77% by 16:54 local time.
Among individual shares‚ Impala Platinum was up 3.73% to R151.65‚ AngloGold Ashanti added 2.01% to R304.50 and Kumba Iron Ore recovered 2.72% to 504.85.
Among industrial shares‚ Richemont rose 1.27% to R57.35‚ another closing record for the counter.
Banking group FirstRand lifted 2.55% to 27.70.
Among retailers The Foschini Group added 3.21% to R128.50 and Woolies surged to a record high‚ up 3.88% to 66.90.