MARKET WRAP: JSE firmer on positive economic figures in China

The JSE firmed on Monday, staying close to its record highs, as better-than-expected Chinese data lifted sentiment towards commodity producers such as SA that supply the world’s second-largest economy.

While the rally that continued into the New Year has lost some steam because of surging Covid-19 cases and stricter lockdowns across the country, progress in distributing vaccines and the prospect of a quick approval of stimulus for the US economy after Joe Biden’s inauguration as president has helped support markets…