Efficient Research Party also on JSE

What a bounce! The JSE made a huge recovery yesterday to end its four day losing streak, as the all share index jumped 4.16%, supported by a spectacular rise in financial (+6.7%) and industrial (+7.4%) shares. Financial shares in most global markets performed strong yesterday supporting sentiment towards the local banks.   These sectors have been under a lot of pressure from the last quarter of 2007 and it seemed inevitable that we should see some recovery in them – as the market saying goes, nothing goes up (or down) in a straight line! Read on

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