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MARKET WRAP: JSE closes higher as markets cheer trade-truce optimism

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MARKET WRAP | JSE closes higher as markets cheer trade-truce optimism

Earlier, the Shanghai Composite rose 0.96% and Japan's Nikkei 225 2.12% while Hong Kong's Hang Seng was flat.

SA's deficit on the current account of the balance of payments widened by R60.5bn to R204bn from R143.5bn. The JSE all share rose 1.04% to 55,476.40 points and the top 40 1.11%. Banks gained 2.55% and financials 2%. Firstrand was up 1.67% to R61 after it said on Thursday that its basic and diluted headline earnings per share increased 5% to 497.2c in the year to end-June.

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