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The UK market lost ground last week, says Quentin Smith at Old Mutual Asset Managers in the UK.
After two days of weakness, the JSE Securities Exchange SA (JSE) shrugged off a stronger rand to bounce into the black yesterday, helped by basket buying by futures players and bottom fishing by investors.
Local equities lost ground again yesterday as the rand showed some strength during trading hours, this helped the bond market to strengthen slightly, says Nico Kelder, economist at the Efficient Group.
The rand depreciated slightly against the dollar yesterday but strengthened marginally against the euro and pound, says Nico Kelder, economist the Efficient Group.
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