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JOHANNESBURG – According to NKC Research, the rand fell against the US dollar at yesterday's European trading session.
The South African currency strengthened in the early days of trade due to the general weakness of the greenback, but its gains were reduced due to lower risk sentiment after Russia captured some Ukrainian Navy. At the close of local trading, the rand was down 0.2% to R $ 13.84 / $, after trading in the range of R $ 13.72 / – R $ 13.91 / $ . The rand has traded slightly overnight. Beach planned today: R $ 13.75 / – 14 R14.05 / $.
The JSE All Share stock (+ 2%) finished higher yesterday, thanks to gains in large-scale retail (+ 3.6%) and industrial (+ 2%) shares. In all emerging markets, the MSCI Emerging Market Index (+ 0.76%) traded higher. In local news, Pepkor (+ 7.6%) was fined by the JSE for failing to meet its registration requirements. However, the shares of the distribution group (whose channels include Pep, Ackermans and Tekkie Town) increased after the publication of its results for fiscal year 2018, which showed an 11% increase in the group's sales.
The price of Brent oil has been trading a little higher yesterday, bouncing at a year 's lows despite concerns over the overabundance of oil supply. At the close of local trade, the price of oil in Brent rose 1% to $ 60.52 / bp. Crude prices were stable during Asian trade this morning.
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