The JSE was little changed on Friday as a local third wave of Covid-19 infections continued to pose a threat, while global sentiment was lifted by the US infrastructure deal.
“While I stated that market participants have priced in the third wave as a peripheral risk, it is becoming more concerning as calls for a stricter lockdown in Gauteng intensify,” said RMB's Nema Ramkhelawan-Bhana. Despite a muted close on the day, the all share gained for the week, with industrial metals and banks gaining the most this week, up 6.65% and 1.48%, respectively.sentiment was bolstered by US plans to push ahead with an infrastructure bill. The White House announced on Thursday it had struck a preliminary bipartisan deal for the infrastructure spend, boosting its chances of getting the bill through Congress.
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