Share

JSE at fresh record peak

Johannesburg - The JSE all share‚ top 40 and industrial indices continued to push to fresh record levels at midday on Friday‚ as market players awaited a key US jobs report for further direction.

At 12:35pm‚ the JSE All Share [JSE:J203] index was up 0.38% to 37‚518.83‚ with the Top 40 - (Tradeable) [JSE:J200] gaining 0.38% to 33‚365.93. Platinum and industrial stocks lifted 1.3% and 0.44%‚ respectively.

Gehard Lampen‚ head of Sanlam iTrade‚ said one of the main reasons the JSE was continually making new highs was the switch by investors from assets that are perceived to be safer such as bonds.

“The key worry is the lower yield on their capital now that financial markets seem calmer than they were in recent months.” He said the reason investors continued to pick industrial and financial shares - even as they looked expensive - was that they could predict future profits with more conviction than in mining stocks‚ which are driven by unpredictable commodity prices.

Major European bourses were mostly flat ahead of the US nonfarm payroll data‚ with London’s FTSE 100 inching up 0.05%.


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
18.93
-0.1%
Rand - Pound
23.90
-0.0%
Rand - Euro
20.44
+0.1%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.1%
Platinum
906.59
+1.1%
Palladium
1,012.66
+1.1%
Gold
2,221.84
+1.2%
Silver
24.88
+1.0%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.9%
Resource 10
57,251
+2.9%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
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