• SABC shenanigans

    SA has already embarked on a slippery slope to autocracy, warns Terry Bell in Inside Labour.

  • Zim tastes people power

    Protests in Zimbabwe are forcing Mugabe to face anti-government sentiment, says Memory Mataranyika.

  • Platinum handshake

    Officials who try to do what's right risk far more than blessed wrongdoers, says Solly Moeng.

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

 
 
 

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 SAVINGS ISSUE

Saving can make a lot of things possible, but we all know how hard it is to save. This special Savings Issue will help you get focused.
 

Money Clinic

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

Voting Booth

Sarb's decision to keep the repo rate unchanged is:

Previous results · Suggest a vote

Loading...