The JSE continued its march higher on Tuesday, joining a continued rally in world equity markets, though a stronger rand tempered overall gains.The local currency rallied to a two-and-half-year high to the dollar, putting pressure on mining stocks in particular, though a broader retreat in commodity prices added to the downside in the sector.Stocks with a big focus on the local economy, notably financial stocks and retailers, fared much better on the day. The listed property sector, which is seen as an asset class all on its own, apart from the all share index, recorded gains for a third consecutive day.Over the past few weeks, the local share market has acted somewhat out of kilter with other buoyant world equity markets, mainly because of a stronger rand that held back some large rand-hedge shares."While our overall equity market view is constructive, we are doubtful that the current pace of gains can be sustained in the near-term," said Robert Lea, head of global equity research ...
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