The JSE opened slightly lower on Wednesday, as Naspers took a breather following strong gains over the past few sessions that lifted the market to a record level. Opening volumes were low in cautious trade following the resignation of Zimbabwean President Robert Mugabe late on Tuesday, after the JSE had closed. Analysts expect some recovery in the troubled Zimbabwean economy following Mugabe’s departure. "The apparent demise of the Mugabe family in Zimbabwean politics could result in a more sustainable monetary policy going forward," analysts at BMI Research said. It also holds the promise of the successful re-introduction of a local currency. The Dow rose 0.69% to a record 23,590.83 on Tuesday with technology and healthcare stocks the best performers. Asian markets were firmer with the Hang Seng up 0.8% and the Nikkei 225 0.48%. The local market was awaiting consumer inflation data for October. The consumer price index (CPI) was expected to come in at 4.8%, below the previous month...
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