Bourse boosted by global equity rally

The JSE capped its best week in two months on Friday, boosted by a global equity rally earlier in the week.

On Friday, the all-share climbed 0.72% to 53,653.4 points and the top-40 0.69%. Food and drug retailers gained 1.41%, industrials 0.9% and general retailers 0.89%. The allshare gained 2.78% for the week.

Pepkor added 2.8% to R22, Dis-Chem 2.18% to R29.51 and Shoprite 1.6% to R192.97. AB InBev gained 3.78% to R1,004.57, after Bloomberg reported it is considering separately listing its Asian operations.

Naspers gained 1.04% to R2,984.75. Trading ex dividend Sappi fell 1.43% to R75.60.

At 9.50am the rand was flat at R13.84/$ and at R17.64/£. It was 0.14% weaker at R15.95/€.