Johannesburg - The JSE pushed to record
levels on the All-share and industrial indices at noon on Monday‚
building on last week’s gain’s after better-than-expected US
labour data buoyed global stock markets.
Richemont [JSE:CFR] was the star
performer in the top-40 index‚ gaining more than 7%‚ after the
Swiss-based luxury goods manufacturer said its first-half earnings
may increase by as much as 40%.
“The general themes underpinning
market sentiment are still the same. Liquidity is finding its way
into equities as the market believes that the European Central Bank
will still deliver on its promise to save the euro‚ while the US
labour data also added impetus‚” said Ryan Wibberley‚ an equity
dealer at Investec Asset Management.
European shares were mostly firmer at
noon‚ as were Asian markets by the close of trade.
At 12:51 local time‚ the JSE All Share index [JSE:J203] was up 0.38% to 35 377 66 points‚ with the
top-40 index up 0.41% to 31 109.10 points.
Among the top movers‚ Richemont
[JSE:CFR] jumped R3.38‚ or 7.20%‚ to R50.30‚
AngloGold Ashanti Limited [JSE:ANG] was
down 40 cents to R277.10 after the gold producer reported adjusted
headline earnings per share (Heps) of 65 US cents for the quarter ended
June‚ from 111c in the March quarter and compared with 89c for the corresponding period last year.
Eqstra Holding Limited [JSE:EQS] was up
19c‚ or 2.73%‚ to R7.14.
The leasing and capital equipment
group said earlier on Monday it expected headline earnings per share
from continuing operations to decrease by between 1% and 7% in the
year ended June 2012‚ compared with the restated Heps from the same
period a year ago.
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