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The JSE Securities Exchange gained a conservative 0.52% last week with much of the gains being realized on Friday (+0.22%).
The London market failed to extent its new year rally last week, coming under pressure from a number of disappointing trading updates and renewed oil price strength which took crude up to a six week high.
Local equities remain the preferred investment choice for asset managers and returns of 10% are expected over the next 12 months.
The rand slipped against the dollar yesterday as market attention shifted from concern about a ballooning US trade gap to an unexpected interest rate hike in that country next month.
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