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Local equities were undecided on whether the money supply and trade data were positive or not, and closed slightly down on Friday, says Nico Kelder economist at the Efficient Group.
The slightly better than expect inflation data could not counteract the effect of the stronger currency which pushed local equities and bonds lower as interest rate fears increase, says Nico Kelder, economist at the Efficient Group.
Local equities traded higher yesterday, on the back of a weaker currency while the local market was open, says Nico Kelder, economist at the Efficient Group.
A weaker currency supported local equities on Friday with the All Share index closing more than half a percent up, says Nico Kelder, economist at the Efficient group.
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