The JSE closed above 57,500 points for the first time on Monday as the weaker rand pushed rand hedges higher, with Naspers closing at yet another high. The market heavyweight, mainly driven by its one-third in Chinese internet company Tencent, ended the day 0.81% higher at R3,190.44. Naspers is up 58.4% so far this year. The all share added 0.52% to 57,530.10 points and the blue-chip top 40 0.61% to 51,323.20, also a record. The gold index gained 1.23%, resources 0.94%, general retailers 0.77%, industrials 0.52% and financials 0.26%. British American Tobacco rose 2.31% to R873.39 and Anheuser-Busch InBev 1.89% to R1,695. Sasol gained 2.92% to R396.26. BHP lifted 1.78% to R251 but Anglo American shed 1.49% to R260.18, after hitting a 2017 high last week. Old Mutual closed 1.28% higher at R35.50 but Sanlam shed 0.82% to R67.64. The rand seemed set to hit its worst levels for the year as the local currency headed inexorably toward R13.94 to the dollar, its weakest so far this year, rec...
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