• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

JSE reaches fresh peak in quiet trade

Dec 11 2012 11:18
I-Net Bridge
Johannesburg — The JSE edged up to a new intraday record on Tuesday‚ in tentative trading as investors awaited a slew of data releases due on later in the day for direction.

At 9:43‚ the All Share [JSE:J203] index was up 0.14% at 38 410.92 points‚ with the Top 40 - (Tradeable) [JSE:J200] index nudging up 0.18% to 34 135.02 points.

“The energy behind the markets is surprising. In my view‚ it is a reflection of investor optimism that the US will get its finances in order going into 2013‚ while China’s economy is picking up‚” Sasfin Securities director, David Shapiro said.

Among Asian bourses‚ Hong Kong’s Hang Seng index was flat as was Japan’s Nikkei 225.

RMB analysts said in a note that the global market focus has been on the resignation of Italian Prime Minister Mario Monti. “PIIGS (Portugal Italy‚ Ireland Greece and Spain) sovereign yields have taken it badly‚ seeing their first sustained spike since the European Central Bank announced the OMT programme in September.”

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

equities  |  markets; jse



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
Comments have been closed for this article.

Company Snapshot

We're talking about:


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 25 basis points interest rate increase is:

Previous results · Suggest a vote