A bearish dollar market again provided the JSE with direction on Thursday, with gains in most indices being offset by losses by Naspers and other rand hedges.Positive sentiment towards SA and a generally weaker dollar environment has boosted shares in companies with a local focus, with the JSE’s mid-cap index up 3.51% so far this week.A number of factors have weakened the greenback, which remains at three-year lows to the euro. Earlier the European Central Bank (ECB) struck what many said was a dovish tone, although the euro again gained to the dollar, hitting $1.25 for the first time since 2014.This was due to ECB head Mario Draghi’s comments regarding the strong eurozone economy, reported Dow Jones Newswires.Woolworths dropped 2.13% to R64.27 after having been down as much as 11.7% earlier in the day. It informed shareholders late on Wednesday that it had impaired the value of its Australian department store chain David Jones by nearly R7bn.Kumba Iron Ore surged 7.13% to R375.07, ...
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