Johannesburg - The All-share index hit yet another new high as financial and industrial shares pushed the market higher on the JSE by Friday midday.
With the European Central Bank set to embark on its massive bond buyback programme on Monday, it seems investors have already started to buy the big double-listed multinationals on the JSE in anticipation of renewed interest from abroad next week, when the wall of cheap money will hit markets.
By midday on Friday the All-share index was just in new record territory when it reached 53 418, 0.25% higher than Thursday’s close. The Top 40-index is also close to a new record and was 0.28% stronger at 47 240.