Surprise lift in credit demand triggers retail run on JSE

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Johannesburg - Retail shares were among the top performers on the JSE on Tuesday as a surprising increase in the demand for credit in April is seen as an indication of improved conditions in the beleaguered sector.

Mr Price’s [JSE:MRP] share price gained more than 6% in morning trade, despite the news that the group announced the first drop in annual earnings in 16 years.

READ: Mr Price shares surge despite first earnings slump in 16 yrs

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