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JSE surges on financial and industrial stocks

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(Shutterstock)
(Shutterstock)

Johannesburg - The All-share index hit yet another new high as financial and industrial shares pushed the market higher on the JSE by Friday midday.

With the European Central Bank set to embark on its massive bond buyback programme on Monday, it seems investors have already started to buy the big double-listed multinationals on the JSE in anticipation of renewed interest from abroad next week, when the wall of cheap money will hit markets.

By midday on Friday the All-share index was just in new record territory when it reached 53 418, 0.25% higher than Thursday’s close. The Top 40-index is also close to a new record and was 0.28% stronger at 47 240.

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Rand - Dollar
18.94
-0.2%
Rand - Pound
23.91
-0.1%
Rand - Euro
20.43
+0.2%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.2%
Platinum
910.50
+1.5%
Palladium
1,011.50
+1.0%
Gold
2,221.35
+1.2%
Silver
24.87
+0.9%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.8%
Resource 10
57,251
+2.8%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
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