• Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

  • Strategy for the big boys

    Formulating strategy across the span of huge companies is a marathon, says Ian Mann.

All data is delayed
Loading...
See More

JSE all-share passes 39 000 point mark

Dec 19 2012 14:54
I-Net Bridge
Johannesburg – Resources and banks helped push the JSE above the 39 000 point mark for the first time on record‚ as the SA share market continued its strong run amid positive global market sentiment.

At 12:37‚ the All Share [JSE:J203] index was up 0.62% to 39 120.33 points‚ with the Top 40 - (Tradeable) [JSE:J200] index gaining 0.66% to 34 692.68. Resources and banks gained 1.12% and 1% respectively.

For the month‚ the All Share index is up nearly 3%‚ led by platinum counters‚ up more than 10% while banks have gained 8%.
“It is global risk-on trade. The market continues to push hard even at this late stage of the year‚” said Devin Shutte‚ a trader at Stockbrokerage‚ Newstrading.

According to the BofA Merrill Lynch Fund Manager Survey for December‚ confidence in a recovering global economy is extending into 2013 as investor fears surrounding the US fiscal cliff eased.

A net 40% of investors believe the global economy will strengthen in the year ahead‚ a rise of 6% points month on month and double the reading two months ago.

The number of investors viewing the US fiscal cliff as the biggest tail risk has fallen to 47%‚ down from 54% in November.
Major European stock market benchmarks were firmer at noon‚ with UK’s FTSE 100 up 0.60%.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

equities  |  jse  |  markets

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...