MARKET WRAP: JSE hits another record high with the rand also gaining on the day

The JSE tracked firmer global markets on Friday, closing off the week at a record high as investors focused on the prospect of more stimulus under a Democrat-led US Senate and the likelihood that calm will prevail as Joe Biden takes over as US president.

The JSE all share gained for a fifth straight session, closing above 63,000 points for a second day, with the banking and financial indices doing much of the heavy lifting…