The JSE closed at a record high on Monday, ending the session above 55,000 points for the first time in more than two years. The all share closed 0.59% firmer at 55,207.40, as higher mining stocks and a strong performance from Naspers supported the market. The top 40 was up 0.66%. The all share’s previous high was reached on April 24 2015 when it closed at 55,188.30. Since then the market has battled, dropping to 46,282 points on January 21 2016. The gold index rose 1.97%, resources 1.78%, platinums 1.61% and industrials 0.42%. General retailers dropped 1.44%. The all share has gained 8.9% so far this year. “Our market has been lagging other markets since the first quarter with the weaker rand and higher commodity prices supporting our miners on the day,” said BP Bernstein portfolio manager Vasilis Girasis. The JSE was still flirting at the top of the range and had not seen a clear breakout yet. “But we may be back in trend with gold stocks likely to bounce,” Girasis said. Star perf...
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