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The stocks driving the market higher came from a wide variety of sectors, from BHP Billiton (+1.12%), Imperial (2.91%), Naspers (2.12%, Netcare (3.28%) and Reunert (3.19%) just to name a few.
The rand was slightly firmer yesterday (6 July) as it tracked the stronger euro inside a tight range, with traders shrugging off surging retail sales figures to focus on US payrolls data tomorrow.
The JSE (+0.46%) traded higher yesterday while the value traded were only R1.5bn compared to the usual R3bn – R4bn.
"The improvement in manufacturing sector conditions may be related to continuing strong domestic demand and the recent depreciation of the exchange rate," said André Roux, head of fixed income at Investec Asset Management.