The JSE_Group hit an all-time high on Monday morning as South African technology and mining stocks gained on enthusiasm about China reopening its borders and hopes the US Federal Reserve may slow the pace of interest rate hikes. Moneyweb Rand
The Johannesburg Stock Exchange hit an all-time high on Monday morning as South African technology and mining stocks gained on enthusiasm about China reopening its borders and hopes the US Federal Reserve may slow the pace of interest rate hikes. The all-share index rose as high as 78 450 points and at 8.55 GMT was trading at 78 342 points, about 2% higher than the previous close.
” Tech surge Tech investor and market heavyweight Naspers, through its subsidiary Prosus, holds a 27% stake in Chinese tech and gaming giant Tencent and is its biggest investor. Naspers jumped 3.92%, while Prosus climbed 3.86%. Improved risk sentiment also boosted the rand, which traded at R17.00 against the dollar, 0.69% stronger than its previous close.
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