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(28.7.04) The rand was weaker against major currencies in late afternoon trade yesterday on the back of offshore demand for dollars. Currency traders saw the local unit weakening further later in the day.
(28.7.04) Local equity markets closed 0.9% higher on the back of the weaker currency and world markets rebounding off low levels.
Mutual and Federal and Grinrod surprised with great results, buoying the market.
(27.7.04) Despite rallying midweek as it took heart from Fed chairman Alan Greenspan's assertions of a sustainable US economic expansion, the London market hit an eight month low last week amid concerns of a domestic economic slowdown, weaker earnings and
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