The JSE closed at a record high on Monday, as miners and Naspers lifted the local bourse to its best level in more than two years. The all share gained 0.59%, to 55,207.4 points. This compares with a previous best close of 55,188.3, set on April 24 2015. On the same day it reached a record intraday high of 55,355. The top 40 added 0.66%. Resources gained 1.78%, platinums 1.61%, gold miners 1.97% and industrials 0.42%. General retailers lost 1.44% and banks fell 0.28%. Global equity markets have touched record levels in the past two weeks, boosted by stronger global economic growth, decent earnings results and a benign inflation and interest-rate outlook, said Old Mutual Multi-Managers analysts Dave Mohr and Izak Odendaal. Deflationary pressures in the economy outweighed inflationary factors, and the Reserve Bank would probably join other emerging-market central banks that were cutting rates as inflation receded, the analysts said. Compared to some other similarly-rated emerging-mark...
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