Fin24

JSE hits another high

2012-12-05 14:22

Johannesburg - The JSE hit yet another record peak on Wednesday‚ extending the rally in the all share index to nearly 20% since the start of the year.

At 12.29‚ the All Share [JSE:J203] index was up 0.66% to 38 243.58 points‚ with Top 40 - (Tradeable) [JSE:J200] gaining 0.74% to 33 974.43.

Platinums led the gains‚ rising 2.06%‚ while resources jumped a healthy 1.89%.

“We took a lead from Asian markets after a subdued session on Wall Street last night‚” said Ryan Wibberley‚ equity dealer at Investec Asset Management. “There is renewed speculation that China might take measures to stimulate its economy.”

Leading European markets were relatively firmer at noon‚ with the UK’s FTSE 100 rising 0.25%.

In Asia‚ Hong Kong’s Hang Seng index ended 2.16% in the black while China’s Shanghai Composite lifted 2.9% at the close.