The JSE was a fraction firmer on Friday, extending its streak of consecutive weekly gains to eight, despite subdued volumes ahead of credit-rating announcements by agencies S&P Global and Moody’s later in the evening.It was also a half-day for US equity markets, with volumes on the local bourse coming in at R14bn, compared with the daily average of R20bn.Retailers gained amid Black Friday trade, while banks were under pressure.Both indices appeared unaffected by the hawkish Reserve Bank monetary policy statement on Thursday, which pointed to the possibility of interest-rate increases amounting to 75 basis points by the end of 2019.Impala Platinum also continued its winning streak, lifting the platinum index, as former Zimbabwean vice-president, Emmerson Mnangagwa, was sworn in as the country’s President. Implats, which has significant mining interests in Zimbabwe, gained 5.88% to R45, bringing total gains for the week to 21.1%.The rand was softer ahead of the ratings announcements. ...
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