Mediclinic boost lifts Industrial index on JSE

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(Gianluigi Guercia, AFP)
(Gianluigi Guercia, AFP)

Johannesburg - Private healthcare group Mediclinic International plc [MEI] was the star of the show on the JSE on Friday, gaining more than 13% in early trade.

The group, which also has interests in Switzerland, Britain and Abu Dhabi, announced on Friday that the authorities in Abu Dhabi decided to waive a co-payment requirement which could mean a boost to the group’s activities in a region which has not been performing as well as the other areas in which it do business.

By mid-morning the share price was 12.4% higher at R139.90 after trading more than 13% up in earlier trade. Mediclinic has not performed well recently and was only 3% higher over the past month, despite a weaker rand. Before Friday’s trade it was still more than 16% softer over the past 60 days.

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Rand - Dollar
14.13
-0.0%
Rand - Pound
19.92
-0.0%
Rand - Euro
17.16
-0.0%
Rand - Aus dollar
11.00
-0.0%
Rand - Yen
0.13
-0.0%
Gold
1,843.76
0.0%
Silver
27.42
0.0%
Palladium
2,894.50
0.0%
Platinum
1,229.50
0.0%
Brent Crude
68.71
+2.5%
Top 40
60,573
+0.6%
All Share
66,598
+0.7%
Resource 10
69,386
-0.1%
Industrial 25
83,277
+0.9%
Financial 15
12,685
+1.5%
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