The Top40 index surged 0.92 percent to a record closing level of 42 478.88 points. The wider all share index finished the day 0.86 percent higher at 47 027.54, marking the second consecutive session of gains for the market.
"Their life of mine profile is longer, so you can discount even more years of earnings into the share price, and that's the reason why it's been re-rated,"
Both indices are within easy range of record highs helped by renewed foreign interest on expectations the US Federal Reserve will not disrupt its gradual pace of monetary stimulus withdrawal.
Last week offshore investors were net buyers of R1.2 billion worth of South African shares, data from the JSE showed yesterday.
That is a reversal of the trend so far this year, as foreign investors remain net sellers of South African shares to the tune of R5.8bn.
A consistent top domestic performer has been
Advancers topped decliners 202 to 115, according to preliminary bourse data, while almost 177 million shares changed hands.
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