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Local equities traded higer yesterday on the back of the slightly stronger European markets and a weaker currency, says Nico Kelder, economist at the Efficient Group.
Public holidays dominated the past week, with financial markets largely ignoring the results of the elections, which were mostly in line with expectations, reports the Nedcor Economic Unit.
Local equities lost some ground on Friday, mainly on the back of a stronger currency, which made significant gains against the majors, says Nico Kelder, economist at the Efficient Group.
Local equities followed the international trend and traded lower yesterday, not even a slightly weaker currency could help, says Nico Kelder, economist at the Efficient Group.
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