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The local equity market showed a much appreciated recovery amidst the continuous threat of rising global interest rates and inflation concerns.
The positive sentiment of last week came to an abrupt end on Friday when the All Share dropped 0.7%
London remained hamstrung by concerns that high oil prices will curb economic growth, with the market little changed over the week ahead of the Spring Bank Holiday long weekend.
Local equities traded higher (1.0%) in low volume, a result of the US and UK markets being closed, reports Nico Kelder, economist at the Efficient Group.
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