MARKET WRAP: JSE and rand at best levels since March

The JSE and the rand continued to trade near their best levels since the first quarter on Friday as investors assessed a strong rally in asset prices in November on the back of US president-elect Joe Biden’s victory and announcements of potential Covid-19 vaccines, despite a continued rise in infections in SA and other parts of the world.

The all share was little changed at 57,822 points at the close, near its best levels since end-February when a steep market sell-off began as Covid-19 spread around the world. The index rose 2.5% last week…