MARKET WRAP: JSE firms on vaccine news, while Shoprite drops on lockdown sales data

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Moderna says its preliminary phase 3 trial data shows its Covid-19 vaccine is more than 94% effective

The JSE tracked firmer global markets on Monday after another Covid-19 vaccine developer reported encouraging results from its trials, while Shoprite lost the most on the day.

American biotechnology group Moderna said on Monday that its preliminary phase 3 trial data showed its Covid-19 vaccine was more than 94% effective — a result CEO Stephane Bancel called a “game changer”.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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