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MARKET WRAP: JSE in record territory again

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Investor appetite returns as early indications point to Omicron variant being less less severe than initially feared

concerns about the Omicron variant of Covid-19 eased.

ata from SA continues to point to infections of Omicron leading to mild illness, and while cases have surged, patients are requiring less medical intervention. On Tuesday, research from GlaxoSmithKline shows its antibody treatment is effective against the new strain. Some governments are, however, continuing to exercise caution, including the imposition of a vaccine mandate on workers in the private sector and tightening up on preventive measures.

The JSE all share closed 2.71% higher at 72,939.25 points — led by industrial metals , resources , and industrials — and the top 40 was up 2.96%.

 

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