• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

See More

JSE closes at fresh all-time high

Nov 30 2012 19:09 I-Net Bridge

Related Articles

JSE touches new lifetime high

JSE softer after rally

Miners‚ resources drive JSE rally

Mining stocks fuel JSE rally

Gold stocks lead JSE firmer

JSE pauses for breath after a rally

Johannesburg — The JSE all share closed at a fresh all-time high on Friday after weak trade figures pushed the rand lower with rand hedge stocks gaining as a result. Gold miners and industrials also providing a boost‚ while platinum was the biggest loser on the day.

World markets were also trading in positive territory‚ but uncertainty persisted about the US fiscal cliff and next week’s Greek debt buyback.

At 17:00‚ the All Share [JSE:J203] index was up 0.52% to 38 104.61 points‚ with the Top 40 - (Tradeable) [JSE:J200] index adding 0.62% to 33 872.69.

At the same time the FTSE 100 index was 0.35% higher at 5 890 points.

“We had a bit of a turnaround late this afternoon after the October trade deficit figure of R21.2bn was released. This put pressure on the rand and big rand hedge stocks like Richemont‚ SABMiller and British American Tobacco gained as a result. These counters are some of the largest companies on the JSE and have a bit impact on the bourse‚” said Hennie Fourie‚ stockbroker at PSG Konsult in Pretoria.

Among individual stocks on the JSE‚ BHP Billiton added 1.43% to close at R280.96‚ while Sasol shed 1.35% to R374.65.

AngloGold Ashanti added 1.12% to R278.08 and Gold Fields added 1.48% to R110.21.

Rand hedges Compagnie Richemont surged 3.41% to R68.77‚ another record close for the counter‚ British American Tobacco added 0.95% to R465.66 and SABMiller added 0.31% to R401.22.

In the banking sector‚ Capitec gave up 2.81% to R190‚ FirstRand was off 1.96% to R29.05‚ while Absa climbed 2.12% to R141.78.

Aveng performed best in construction with a jump of 3.54% to R26.91.
equities  |  jse  |  markets  |  stocks


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
1 comment
Add your comment
Comment 0 characters remaining

Company Snapshot

Brought to you by BizNews

More from BizNews

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.

Top 10 richest musicians of all time

Check out the gallery to find out who they are!


Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

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

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote