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MARKET WRAP: JSE and rand recover from Friday’s sell-off

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Rand recovered after the president said government had decided not to tighten lockdown curbs until more information was available on Omicron

The JSE and rand recovered a fair portion of Friday’s losses when global markets slumped on concerns about the new Covid-19 variant, which has now been named Omicron.

On Monday the JSE had its best day since late March, with the all share up 2.03% to 70,008 points, while the top 40 added 1.91%. Banks rose 3.92%, and financials 3.61%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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