• Conflict over water, coal

    SA's leaders have upped their support of the water-intensive coal industry, says Keith Schneider.

  • Cost of doing business

    The world can't afford the $4.7trn a year in environmental costs of business, says Mandi Smallhorne.

  • Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

All data is delayed
Loading...
See More

JSE remains at record levels

Dec 11 2012 13:29
I-Net Bridge

Johannesburg - The SA stock market traded in a narrow range at noon but remained in record territory‚ tracking mildly positive sentiment on global markets. 

At 12:20pm‚ the All Share [JSE:J203] index was up 0.24% at 38‚448.24 points‚ with the Top 40 - (Tradeable) [JSE:J200] index nudging up 0.25% to 34‚158.58 points. Gold shares‚ however‚ slipped 1.06%.

“We are at a new high almost by stealth‚ with no real conviction‚” said Craig Pheiffer‚ general manager at Absa Investments. “Having said that‚ liquidity continues to flow into equities in the face of low cash and bond yield rates.”

The all-share index is up just under 1% this month.

Leading European markets were broadly higher at noon‚ with no obvious catalyst in play. The ongoing US budget talks remain the key focus of investor attention. The UK’s FTSE 100 was up 0.14% at 12:05pm local time.

“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.  

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

jse  |  markets

NEXT ON FIN24X

 
 
 

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
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

The upcoming petrol price hike is:

Previous results · Suggest a vote

Loading...