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News in Brief

August 28 2012 at 06:42am
By Ethel Hazelhurst

All share sets another record in thin trading

The JSE all share index reached yet another record high yesterday, closing 0.29 percent up at 35 897 points, and beating the previous record of 35 844 set last Tuesday. The index, which touched 35 943 just before 1pm, has hit a series of record highs this year, starting in January when it breached the 33 232 record set on May 22, 2008. Doug Blatch, the head of equities trading at Investec Asset Management, said trading volumes were low worldwide yesterday, with a public holiday in the UK. Mixed sentiment on financial markets was highlighted by two reports from Bloomberg, filed yesterday afternoon. One reported: “India’s rupee fell to the lowest level in more than a week on concern European leaders will find it difficult to contain their region’s debt crisis, hurting economic growth in emerging markets.” And the other stated: “The Polish zloty advanced, rebounding after its biggest weekly decline in almost three months, amid speculation policymakers will take steps to support economies worldwide.” – Ethel Hazelhurst


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