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Shares in Standard Bank rose as much 3% in intraday trade on Thursday, reaching their highest level since late June after Africa’s biggest lender by assets said its headline profit is likely to rise up to 32% in the six months to end-June.

The share price jumped the most in a month in midafternoon trade to R164.33, giving the bank a market valuation of R275.77bn. By the close, however, it had pared gains to 2.14% firmer at R162.89...

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