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Markets | Big tech set to remain dominant amid muted value recovery

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Photo: Getty Images
Photo: Getty Images

Call it the seesaw year. Or a stop-and-go year. Or the year of the two dips. Or the year of the miraculous recovery. Whatever the choice of words, 2020 will be remembered as a year of exceptional volatility as the global pandemic wreaked havoc on global markets. 

The trend was for markets to rise on the possibility of greater fiscal stimulus emanating from cash-strapped governments, or the likely development of a successful vaccine. And dipping on any bad news or adverse company results.

Traditional companies were the hardest hit. Big tech companies proved to be the exception.

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ZAR/USD
15.11
(-0.33)
ZAR/GBP
21.05
(-0.26)
ZAR/EUR
18.20
(-0.19)
ZAR/AUD
11.75
(-0.50)
ZAR/JPY
0.14
(-0.21)
Gold
1708.48
(-0.12)
Silver
25.96
(-0.15)
Platinum
1154.50
(0.00)
Brent Crude
63.94
(+2.19)
Palladium
2344.80
(+0.81)
All Share
68326.79
(-0.27)
Top 40
62861.62
(-0.39)
Financial 15
12571.60
(+0.02)
Industrial 25
89680.18
(+0.59)
Resource 10
69225.70
(-1.86)
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