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MARKET WRAP: JSE hits record high as Fed holds steady

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Naspers and Prosus rebound for a second straight day, but the former’s market cap is still down R44bn so far this week

The JSE closed at its highest level yet as investors cheered the US Federal Reserve’s latest comments on monetary policy.

The all share reached an intraday high of 69,761 points on Thursday, before settling at at 69,565 points, up 1.52% on the day...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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