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The benchmark index crossed 91,000 points for the first time, led by gold miners and diversified resources stocks. / DECRYPT · via Monexus Wire
The JSE All Share Index closed at a record high of 91,247 on Thursday, breaking through the 91,000 barrier for the first time as a rally in gold prices lifted mining stocks.
Gold Fields and AngloGold Ashanti were the top performers, gaining 4.2% and 3.8% respectively as spot gold traded above $3,350 per ounce. The resources index has outperformed the broader market by 18% year-to-date.
The rand strengthened to R18.42 against the dollar, providing some relief for importers but creating headwinds for rand-hedge stocks.
