The JSE gained on Wednesday but miners lost some ground after the US Federal Reserve threw cold water on market expectations of aggressive interest-rate cuts in the US.
At 5.50pm, the rand had strengthened 0.83% to R14.2314/$, 0.64% to R16.2075/€, and 0.75% to R18.0753/£. The euro was a 0.17% firmer at $1,1388. The JSE all share rose 0.13% to 58,421.70 points and the top 40 0.24%. Gold miners fell 2.2% and the platinum index 2.43%. Rand hedges closed lower as the rand looked set for its second day of gains against the dollar. British American Tobacco fell 2.3% to R499.17, AB InBev 1.02% to R1,259.15, and Richemont 0.42% to R119.50.
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