CAPITAL MARKETS

Stocks reach fresh record highs

Stock indexes in South Africa and the US reached fresh all-time highs on Friday, as expectations increase of fiscal stimulus measures by US president-elect Joe Biden.

Staff reporter
 The FTSE/JSE Africa All Shares Index hit a record high on Friday

The FTSE/JSE Africa All Shares Index hit a record high on Friday

In New York, the S&P 500 closed up 0.55% to a new record of 3,824.68.

South Africa's FTSE/JSE Africa All Shares Index reached 63,829 intraday before closing up 0.76% to 63,519.

Mineral resources and energy minister Gwede Mantashe, who also chairs the African National Congress, said the ANC's national executive committee had declared the theme for 2021 to be unity, renewal and reconstruction in the year of Charlotte Maxeke. Maxeke, who died in 1939, was known as the "Mother of Black Freedom in South Africa".

Gold is lower than the US$1,877 an ounce on the spot market noted in Mining Journal's last market insight on December 22.

It was worth $1,850/oz at the time of writing.

Among the mining majors, precious metals producer Fresnillo fell 3.45% in London on Friday and gold major Newmont lost 3.6% in New York.

Copper major Freeport-McMoRan was off 0.06% to $31.15 but remains within 50c of a one-year high.

Most market futures are pointing to a positive start to the week.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.