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The JSE All Share index rose more than 1.1% to 76,249 points, its highest since late December 2023, led by resource-linked stocks and financials. The rand strengthened 0.7% to R18.68 against the dollar, its best level since April 11, as the greenback softened ahead of the Fed meeting.
A firmer rand modestly lowers the local-currency cost of dollar-priced imports such as feed ingredients and fertiliser for South African buyers, but the move is small and mainly reflects broader risk sentiment.
iol.co.zaSiphelele DludlaApr 30, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
