Finweek - English

All Share not as firm as it seems

hile the JSE’s All Share Index showed a recovery of more than 30% since reaching a low on 19 March, the latest tables showing the shares that are lying above their 200-day exponential moving averages (EMAs) tell a different, more sombre story. It’s mainly owing to the large international rand-hedge stocks, whose prices are determined elsewhere, and to the commodity groups, that the index

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