JSE powers its way past record 65000 pts

JOHANNESBURG – THE JSE YESTERDAY surged and breached the 65 000 point level, the highest gain ever, again buoyed by gains in the mining and retailing industries.

This was despite Eskom’s recurring power cuts and uncertainty over the country’s vaccination programme.

The JSE All Share Index rose by a significant 1.2 percent to 65 059 points by 5pm yesterday, while the Top40 Index was 1.31 percent higher to reach an unprecedented 59 647 points.

The mining index advanced 3.45 percent to 59 576 points, while general retailers gained 0.23 percent to 5 348 points. Anglo American rose 4.69 percent to R528.87 per share, Sibanye-Stillwater was 3 percent higher at R63.85, while Impala Platinum gained 1.33 percent to R217.60 a share.

Shoprite rose 3.05 percent to reach R141.71 a share, Massmart was 1.17 percent higher at R44.98, Woolworths 0.07 percent at R45.83, while Pick n Pay eased 1.28 percent to R56.13.