Johannesburg - The JSE continued its slow recovery on the JSE on the back of positive sentiment on global markets, but the momentum is slowing as the stronger rand is beginning to have an influence on dual-listed shares.
Although global stocks scaled record highs on Friday, capping their best week in over two months as the dollar stayed close to nine-month lows, the All-share index on the JSE was only 0.02% higher at 53 313 points at mid-morning. The Top 40 index, which includes most of the dual-listed shares, was only 0.03% up at 47 068 points.
Before Friday’s trade the All-share index gained 1.56% over the previous seven days and the Top 40-index improved 1.76% over the period. The JSE is however only 0.87% higher over the past month.