MARKET WRAP: Rand firms on positive Covid-19 vaccine news
The JSE closed firmer with the all share rising 0.72% and the top 40 0.76%
BL PREMIUM
11 August 2020 – 18:50
The rand was firmer on Tuesday as positive news about various Covid-19 vaccines lifted appetite for riskier assets, while investors remain optimistic over a US stimulus package.
The rand’s gain was its first in four days, while the gold price moved off its recent high, falling the most since mid-March.
Source: businesslive.co.za
