The JSE rose on Wednesday, with the all share just more than 500 points off a record high, set more than two years ago. The all share was up 0.41% to 54,723.40 points at lunchtime, as diversified resources extended gains for a third consecutive day, thanks to a steady rise in the price of copper, which is at its best level since 2015. Iron ore-aligned stocks retreated, however, suggesting some profit-taking, following a big rally on Tuesday, which was led by Kumba Iron Ore after it declared a dividend for the first time since 2015. Big industrial stocks also lent support to the all share, as did banks and broader financial stocks. Afrifocus Securities portfolio manager Ferdi Heyneke said the current market buoyancy was a "little bit overstretched" in the short term. The international backdrop was also good, with Europe’s leading markets continuing to push higher at midday, following a positive handover from Asian equities. The US Fed wraps up its two-day policy meeting later on Wedn...
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