Morning note

The JSE ended sharply higher yesterday with market euphoria after the US Fed promised to be patient on raising rates.  Coupled with the promise of low rates for longer and December Futures close-out we saw record volumes on the JSE.  Many shares closed sharply higher, Anglo Gold +8.8%, Sasol +10%, Std Bank +7%.  The Rand remains weak which is also supporting the dual listed shares.

Posted in Morning note

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