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The JSE (1.11%) seems as invincible as Lance Armstrong in the Tour de France, with another record high, the third for this week.
With the JSE trading on a P/E of about 14.5 times, many astute investors are questioning the sustainability of the bull market globally and in South Africa.
The Efficient Group reports that the JSE’s star performers were the overseas players BHP Billiton (+1.41%) and Anglo American (+1.34%), the poor performers were retailers Shoprite (-2.66%) and Woolworths (-1.90%).
The Efficient Group reports that the two largest platinum producers Angloplat (-0.4% and Impala Platinum (-1.31%) combined with First rand (-2.46%) to pull the market lower.
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