S.Africa stocks hit new record high on euro zone hopes

JOHANNESBURG (Reuters) – S.Africa’s shares hit a new record high as equities rallied on hopes that meetings on Greece’s future this week will and new plans drawn by the European Central Bank will help the euro zone manage its debt problems.

The All-share index, the broadest measure of South African stock performance, touched a record of 35,873.62 before edging back. It was up 1.08 percent at 35,855.63 at 1410 GMT.

The benchmark Top-40 index briefly touched a fresh record high of 31,677.18, before giving up some gains. It was up 1.15 percent at 31,658.34 at 1410 GMT.