JSE builds on record highs

24 January 2012 - 02:14
By I-Net Bridge

The JSE rallied at the close yesterday, tracking international markets and embracing the return of investor risk appetite.

The All share index, as well as industrial and banking stocks, posted intraday record highs, and closed at record levels.

A trader remarked that it had been quite a good day. "There still is underlying momentum on the buying side in the market. Markets are focused on going forward."

At 5pm local time, the All share index had lifted 0.70% to close at 33940.48 points, a record close. Gold stocks captured 1.27%, resources added 0.82%, but platinums lost 0.40%. Banks and industrials both rose 0.62% and financials acquired 0.61%.