Gains by market heavyweight Naspers pushed the JSE to a two-week high on Friday, with only resources coming under pressure form a firmer rand.The JSE had a patchy week, but tracked a rebound in global markets from Wednesday.Naspers gained 3.56% to R3,845 on Friday, its best performance this year, after earlier informing the market that core headline earnings for the six months to end-September were expected to at least 62% higher.Retailers and banks also gained on the stronger currency, the latter also buoyed by release of better-than-expected retail sales data for October on Wednesday. Rand-and interest rate-sensitive stocks may, however, not find much cheer from Monday.Next week is busy in terms of local data and political events, including a Reserve Bank interest rate decision on Thursday.Risks, including a possible electricity tariff hike, currency movements, and global monetary policy normalisation, meant it is unlikely the Bank would cut the repo rate, according to Investec ec...
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