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MARKET WRAP: JSE slips as surging Covid-19 cases in Europe weigh on global sentiment

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The stock market took a breather after hitting record highs this week as investors digested the central bank’s decision to increase the repo rate

The JSE closed weaker on Friday, as investors digested the SA Reserve Bank’s rate hike decision and the market took a breather after hitting record highs this week. The latest surge in Covid-19 infections in Europe weighed on global sentiment.

The local bourse extended Thursday losses, pausing for breath after strong gains this week which saw the all-share index hit a record high of 71,447 points...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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