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S A JSE powers past 26,000 record
THE JSE's all share index powered to yet another record high, breaking through the critical level of 26000 for the first time in its history, driven by stronger resources.
The all share index later retreated to 25,936 on profit taking, but was expected to once again test record highs in the short to medium term.
In addition to a strong performance from resource shares, the JSE is expected to get a lift from industrials, with construction companies in particular benefiting from the planned increase in infrastructure spending over the next few years.
Banks are also expected to benefit from an increase in commercial and corporate borrowing. Mining companies account for about 40% and those invested in listed resource groups have enjoyed huge returns.
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