Consumers are getting merrier this Christmas, judging by the rally in retailer shares on Tuesday.Fashion chain TFG was the best performer, rising 14% to R194 after gaining 5.45% on Monday.Competitors Mr Price rose 10% to R250.18 and Truworths 9.5% to R95.76.Pharmaceutical chain Clicks rose 8.5% to R191, general retailer Massmart rose 8.5% to R146, food and clothing retailer Woolworths rose 3.35% to R63, and grocery chain Shoprite rose 3.2% to R225.01. Another sector to enjoy a Santa rally on Tuesday was banking. The rand strengthening 2.5% lifted the JSE’s banking index 8%, led higher by Barclays Africa Group, which rose 11.5% to R191.26, followed by FirstRand, which rose 9% to R65.31. Standard Bank was up 7% to R197.88, and Nedbank 5.7% to R253.75.The rand was at R12.78/$, R15.13/€ and R17.11/£ at 7am on Wednesday morning.Tuesday’s losers included Sasol, which fell 6% to R400, and Steinhoff International, which was down 17.45% to R7.Steinhoff is likely to continue its slide on Wedn...
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