See More

JSE at all-time high‚ miners shine

Feb 04 2013 11:07 I-Net Bridge

Company Data

Lonmin plc [JSE:LON]

Last traded 21
Change 0
% Change 1
Cumulative volume 1505709
Market cap 0

Last Updated: 01-04-2015 at 02:03. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Miners buoy JSE‚ platinums leap

JSE lower as retailers continue slide

Retailers pull JSE off record high

SA stocks open at record highs

Resources push JSE to another high

Top 40 index hits lifetime high


Johannesburg - A strong surge in gold and platinum counters once again pushed the JSE higher on Monday morning as it did on Friday‚ this time to a new all-time high with Lonmin [JSE:LON] continuing its upward path after gaining 12% on Thursday after reporting stronger production numbers and extending gains on Friday.

At 9:29am‚ the All Share [JSE:J203] index was up 0.44% at 40‚780.31 points‚ with the Top 40 - (Tradeable) [JSE:J200] index gaining 0.41% to 36‚366.44 points‚ with gold and platinum counters gaining 2.46% and 1.88% respectively.

On the local front the rand is consolidating‚ looking for direction‚ Rand Merchant Bank said in a morning note.

“The upside trend has been seriously dented‚ if not broken. Even with the sharp rand gains at the end of last week‚ dollar/rand at R8.84 is only where it started last week. Unless we receive another local news shock‚ our bias is to think the rand is past its worst‚” RMB said.

Global news flow remained excellent‚ the bank said.

“A lot of market participants were discouraged by the fourth quarter 2012 US GDP contraction reported last week but the payrolls report and ISM figure have more than compensated. Global equities have loved the data‚ with US markets leading the way higher to new post-crisis highs‚” the bank said.

On the local front‚ the week ahead is a fairly busy on the data release front. Attention will be on the publication of the final CPI weights early on Monday morning.

“We expect the fourth quarter 2012 labour force survey‚ scheduled for release on Tuesday to show an increase in the unemployment rate‚ on the back of the labour unrest that persisted throughout the fourth quarter‚” RMB said.  

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

jse  |  markets


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
Add your comment
Comment 0 characters remaining

Company Snapshot

We're talking about:


Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.

This is the most expensive burger in the world!

You won't believe how much someone was prepared to pay for this burger!


Luxury living

Exclusive food items that WILL break the bank
Top 10 most expensive homes in the world
You can permanently live on a ship and sail the world!
These are the richest people on the planet!

Money Clinic

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

Voting Booth

How will you manage Vodacom’s price hike for contracts?

Previous results · Suggest a vote