Share

JSE All Share eyes 41 000 points

Johannesburg - The JSE pushed to a record high on Friday amid broad-based buying of stocks after the latest economic data from China added impetus to global risk appetite.

At 12:35‚ the JSE All Share [JSE:J203] index was up 0.53% to 40 909.80 points‚ with the Top 40 - (Tradeable) [JSE:J200] index gaining 0.57% to 36 476.02‚ another record.

“Barring any major unforeseen circumstances‚ selling equities at the moment will be at one’s peril as the world continues to heal itself from the 2008-09 economic downturn‚” said Nicholas Sorour‚ portfolio manager at Sasfin Securities.

The All Share is up just over 4% in the year to date after a 22% rally last year.

Chinese trade data came as a “pleasant surprise”‚ RMB analysts said in a note‚ with both imports and exports rising more than expected. “Overall‚ expectations seem to have settled on the view that the global economy is performing better but that a blossoming of the green shoots is unlikely.”

Leading European shares were similarly looking positive‚ with London’s FTSE 100 gaining 0.36% at about noon SA time.

Among individual shares on the JSE‚ Anglo American (AGL) lifted 1.19% to R276.37‚ Anglo American Platinum (AMS) rallied 2.77% to R483 and Gold Fields (GFI) garnered 1.78% to R106.50.

British American Tobacco (BTI)‚ the stock with the biggest market cap on the local bourse‚ gained 1.05% to R458.89‚ and Vodacom recovered 1.16% to R118.36.

Nedbank (NED) was up 1.06% to R193.71 and Old Mutual (OML) lifted 1.22% to R26.56

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.97
-0.2%
Rand - Pound
24.06
+0.2%
Rand - Euro
20.57
+0.1%
Rand - Aus dollar
12.36
+0.5%
Rand - Yen
0.13
+0.7%
Platinum
900.98
-0.2%
Palladium
1,000.76
-0.5%
Gold
2,154.33
-0.3%
Silver
24.93
-0.5%
Brent Crude
86.89
+1.8%
Top 40
65,711
-0.8%
All Share
71,937
-0.7%
Resource 10
52,899
-0.8%
Industrial 25
99,362
-1.1%
Financial 15
16,590
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders