A relatively buoyant performance in financial stocks, complemented by a rebound in some miners, nudged the local share market to its best level since 2015. The all share index was up 0.32% to 54,690.89 points at lunchtime, closing in on the record peak of 55,355.10 points that was set in April 2015, according to Iress data. "On a weekly graph, our market has been consolidating for three years now. In order to see a real move higher, the catalyst would most certainly be a breakout from this consolidation pattern," BP Bernstein Stockbrokers trader Vasilis Girasis said. Financial stocks were the better performers on the day, as big industrial stocks, which have accounted for the majority of an 8% gain in the all share so far in 2017, took a back seat. Gold miners rallied for a second consecutive session, owing to an improved gold price and a slightly weaker rand. But big diversified miners were mostly weaker. In Europe, leading stock markets were higher at midday, with investors taking...
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