The JSE hovered near record territory on Tuesday, as retailers and banks helped lift the local bourse to just less than 400 points from its record high. Global stocks staged a modest recovery, but analysts expect circumspect trade ahead of the Jackson Hole central banks conference on Thursday. A rally in industrial metal prices and solid results from the mining sector helped lift European bourses, while the Dow was buoyed at its open by gains in shares of technology companies and retailers, reported Dow Jones Newswires. Market-pleasing earnings results from local companies also helped lift the JSE, including from Shoprite, which gained 8.01% to R217.11. The all share closed 1.05% higher at 56‚034 points and the blue-chip top 40 added 1.14%. Food and drug retailers firmed 3.42%‚ general retailers 2.72%‚ banks 1.44%‚ industrials 1.21%‚ resources 0.98% and financials 0.84%. Gold miners shed 2.92%‚ property 0.60% and platinums 0.40%. BHP closed 2.5% higher at R237.25. Anglo American gai...
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