MARKET WRAP: JSE advances amid firm global markets and rosy inflation figures

The JSE continued its recovery on Wednesday, boosted by better-than-expected local consumer inflation data as well as global optimism that increased fiscal spending by major economies was on its way.

Interest-rate sensitive stocks including banks and retailers fared well on the day, while higher platinum and oil prices offered support to some miners. Gold had fallen 0.28% to $1,503.40/oz while platinum was 0.34% higher at $851.82. Brent crude rose 1.2% to $60.82 a barrel.

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