The JSE continued its rally on Friday to close on a high at the start of the weekend as global investors weigh reassuring economic and inflation data from the United States ahead of next week’s round of top central bank meetings.
The All Share Index touched more record highs during Friday’s trading session and added 0.35% to close at 80,791 points.
At 17:08, Germany’s DAX was trading flat, London’s FTSE 100 added 0.13%, and France’s CAC 40 slipped 0.094%. In the US, the Nasdaq added 0.56% and the S&P 500 climbed 0.38%.
In the currency markets, the rand was trading at R17.20 against the dollar, R18.70 versus the euro, and R21.32 against the pound.
In a trading update for the nine months to the end of December 2022, retailer Lews said more customers were buying on credit, which accounted for 58.2% of total sales. This represented an increase of 16.8% for credit sales while cash sales have declined by 13.5% “reflecting the mounting pressure on consumer disposable income.”
