JSE scales new lifetime high-continued

February 1, 2012--South African stocks closed at a new lifetime high on Wednesday, gaining more the 1 percent as positive earnings statements and upbeat economic data from China helped lift resources firms such as Assore.
Shares of Absa, the South African lender controlled by Barclays, ended up 0.3% at 149.20 having earlier declined on news its veteran deputy CEO would step down next year.

“There is a lot of positive trading statements being released in our market in the last few days,” said Betzi Yang, trader at Legae Securities.

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Source: FIN24

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