Reply To: South Africa Raises Interest Rates 50bps, Revises Inflation Higher

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JSE FTSE All Share index closed 73,150 on Friday, the highest in seven months, as gains for retail companies and banks outweighed slight losses for commodity-linked stocks.

Bidvest and Investec led the gains for financial shares, adding 2.2% and 1.5%, respectively.

Anglogold and Gold Fields corrected slightly lower from rallies this week after signs that the Fed will slow the pace of rate hikes lifted gold prices.

iron ore miner Rio Tinto booked losses as soaring Covid cases in China pressed demand expectations for infrastructure.

On the week, the index added 0.8%