On Friday, South Africa’s JSE index climbed toward 85,700 points. This marks the seventh consecutive day of gains and a weekly increase of over 2%.
Resource-related sectors performed well, especially gold mining companies. However, declines in financial, industrial, technology, and retail stock offset some of these gains.
Investors are still digesting the South African Reserve Bank’s recent decision to cut interest rates by 25 basis points. This cautious move may affect various sectors differently.
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Globally, traders and investors closely monitor geopolitical tensions, which can impact markets worldwide.
