MARKET WRAP: JSE hits another record high with the rand also gaining on the day

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The all share gained 0.76% and the top 40 0.72%, with banks, financials and industrials also rising

The JSE tracked firmer global markets on Friday, closing off the week at a record high as investors focused on the prospect of more stimulus under a Democrat-led US Senate and the likelihood that calm will prevail as Joe Biden takes over as US president.

The JSE all share gained for a fifth straight session, closing above 63,000 points for a second day, with the banking and financial indices doing much of the heavy lifting...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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