Share

SA stocks hit record highs led by Kumba Iron Ore

Johannesburg - South Africa's stocks hit record highs driven by Kumba Iron Ore on the back of higher prices for the steel-making ingredient.

The All-share index rose 0.92% to 55 188 while the Top-40 index was up 1.15% to 48 965. Both indices notched their biggest weekly jump in almost three months, gaining almost 3%.

Kumba rose nearly 11% after spot iron ore surged as Chinese iron ore futures hit their upward daily limit and posted a second weekly gain, with mills in the world's top ore consumer stepping up buying.

"The three-day streak is definitely on iron ore," said Gary Booysen head of trading at Vunani Private Clients. "Its the Kumba asset rallying that's dragging the rest of them up."

Trade was fairly active, with nearly 210 million shares changing hands. Last year's daily average was 183 million shares.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.99
-0.3%
Rand - Pound
24.14
-0.1%
Rand - Euro
20.64
-0.2%
Rand - Aus dollar
12.39
+0.3%
Rand - Yen
0.13
+0.5%
Platinum
913.65
-1.1%
Palladium
1,016.50
-4.6%
Gold
2,158.56
-0.1%
Silver
24.98
-0.2%
Brent Crude
86.89
+1.8%
Top 40
66,252
0.0%
All Share
72,431
0.0%
Resource 10
53,317
0.0%
Industrial 25
100,473
0.0%
Financial 15
16,622
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders