JSE reaches another record highComment on this story
The JSE lifted to a fresh record on Thursday on both the all-share and top 40 indices‚ led by mining and industrial shares.
At 12.47pm‚ the all-share index was up 0.91% to 37‚840.12 points‚ with the top 40 index gaining 1.01% to 33‚610.50 points. Gold miners and resources lifted 2.65% and 1.50% respectively and industrials gained 1.02%.
“The markets are in an optimistic space after China’s positive manufacturing data‚” said Ryan Wibberley‚ equity dealer at Investec Asset Management. “SABMiller’s interim results exceeded analysts’ expectations‚ which led to a surge in the share price.”
The China’s preliminary purchasing managers index jumped to 50.3 index points in November‚ which is regarded as being in expansionary territory.
Leading European shares were higher in the afternoon season‚ with London’s FTSE 100 gaining 0.59% by 12.32pm local time.
Among individual stocks on the JSE‚ SABMiller (SAB) jumped 6.47% to an all-time high of R398.25. The global brewing giant posted a 14% rise in adjusted earnings per share to 118.1 US cents for the six months ended September.
Anglo American (AGL) was up 2.59% to R244.85 and BHP Billiton (BIL) gained 1.29% to R278.15.
AngloGold Ashanti (ANG) lifted 2.71% to R278.85‚ Gold Fields (GFI) rallied 2.81% to R107.38 and ArcelorMittal (ACL) recovered 6.94% to R30.04.
In banks‚ Absa (ASA) gave back 2.47% to R139.53 and Nedbank (NED) was 1.47% off at R180.40. - I-Net Bridge