The JSE lost ground on Friday, with dealers opting to book profits on recent high-flying stocks.The all share was off 0.17% to 60,821.9 points at lunchtime, lagging behind global equity markets. Retailers and banks, in particular, had a stellar week, which rendered them vulnerable to profit-taking in the short term.Resources and other big rand-hedge shares broadly lagged behind their local counterparts this week, held back by a stronger rand environment.The election of Cyril Ramaphosa as the new head of the ANC has increased perceptions that the local economy could be on the verge of turning a corner, though economists have cautioned that a lot more still needs to be done to get the economy on a sound and sustainable footing.Europe’s leading markets were higher at midday, following their counterparts in Asia, where Hong Kong’s Hang Seng booked another record close, with a gain of 0.41%.By midday BHP was up 1.38% to R273.30, while AngloGold Ashanti had shed 1.82% to R132.50 and Gold ...
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