• Voter paralysis

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

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
Loading...
See More

SA stocks hit record highs on Fed move

Sep 19 2013 10:53
Reuters and Fin24
Cape Town - The JSE rose to record highs, in line with a surge in global markets, after the US Federal Reserve said it will not taper its asset-buying programme for now.

The surprise decision by the US Federal Reserve to keep its $85bn stimulus programme intact had a positive effect on emerging market currencies.

Both the benchmark Top-40 (Tradeable) [JSE:J200] index and the All Share [JSE:J203] index were up nearly 2% in early trade on Thursday, hitting all-time highs of 39 612.64 and 44 179.84, respectively.

Resources saw the biggest gains with Harmony Gold [JSE:HAR] up 10.71% at R38.97, Anglogold Ashanti [JSE:ANG] up 9.66% at R137.18, and Gold Fields [JSE:GFI] up 6.62% at R50.11.

Among the biggest losers were Aveng [JSE:AEG] dropping 0.67% to trade at R25.33 and Adcock Ingram losing 0.32% to trade at R68.80.

In other markets, gold was up 4.67% at $1 364.63 an ounce, while the rand was trading near four-month highs at RR9.5660/$


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

Would you take out a payday loan?

Previous results · Suggest a vote

Loading...