Morning note

Firmer Rand

The All Share fell 0.35% with the Rand firming late in the day.

African Bank

Abil was the highlight with an intra-day surge of 25% after the company announced it was started with talks to sell the loss-making Ellerines holdings.

Higher rates

Concerns of higher interest rates in the US and the start of earnings season saw the US markets slightly lower.

Posted in Morning note

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