Third day of gains on JSE as China rate cut aids sentiment

The JSE was higher on Thursday morning and in its third day of gains this week as news that China’s central bank had cut its lending rate aided market sentiment.

China reduced the lending rate as the country battles with the rapid spread of the coronavirus. The virus, which has claimed the lives of more than 2,000, has fueled concern about the effect it could have on the world’s second largest economy.