MARKET WRAP: Rand weaker as vaccine euphoria fades
The JSE gained for a seventh day, with banks, financials and general retailers doing the heavy lifting
BL PREMIUM
10 November 2020 – 19:02
The rand gave back all of Monday’s gains on Tuesday as the euphoria over a possible coronavirus vaccine faded, with investors now cautious about the details regarding its preparation and distribution.
On Monday, news emerged that a vaccine developed by US pharmaceutical giant Pfizer in partnership with BioNTech was showing good results in the testing phase.
Source: businesslive.co.za
