Firmer rand pushes retailers and financials higher

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Cape Town - Financials and retailers were buoyed by the firmer rand in Monday’s trading session, and ended in positive territory for a second straight session.

This strength in the rand was mainly due to the weaker US dollar, which continued to slide on the back of the miss in non-farm payrolls numbers on Friday. The rand managed to reach highs of $12.68 against the greenback before retracing back slightly to trade at $12.70 to the dollar when the JSE closed.

The JSE All-Share Index managed to close relatively flat and was down 0.04%, with the blue-chip top 40 closing down 0.17%. Financials traded firmer to close up 0.74%, led by Barclays Africa and Standard Bank who were up 2.01% and 1.28% respectively. Retailers rode the wave of the firmer rand, managing to score gains of 2.41% for the day.

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Rand - Dollar
14.12
+0.1%
Rand - Pound
19.87
-0.1%
Rand - Euro
17.11
-0.4%
Rand - Aus dollar
10.93
-0.3%
Rand - Yen
0.13
-0.2%
Gold
1,835.48
+0.5%
Silver
27.25
+0.6%
Palladium
2,902.36
+1.3%
Platinum
1,229.00
+1.5%
Brent Crude
67.05
-3.3%
Top 40
60,460
+0.4%
All Share
66,479
+0.5%
Resource 10
69,066
-0.6%
Industrial 25
83,301
+1.0%
Financial 15
12,664
+1.3%
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