Domestic markets

The JSE all-share was firmer in midday trade yesterday, in line with international equity markets amid improved global risk appetite as concerns over Greece receded. The local bourse continued this strong momentum amid higher crude oil prices and improved global market sentiment, and ended 0,76 per cent higher. The resources, platinum and industrials indices rose by 0,90 per cent, 0,69 per cent and 0,68 per cent respectively. The banks index increased by 0,94 per cent and the financials index was 0,62 per cent higher. Conversely, the gold index declined by 0,99 per cent.

The South African rand remained on the front foot yesterday, targeting R7,29 per US dollar. The local currency also reached key technical levels against the euro amid keen buying interest both locally and internationally. The local currency is currently trading at R7,41 per US dollar, at R10,14 per euro, and at R11,17 per pound sterling.