Thursday, June 7, 2007

S.African stocks marginally higher after rate hike

(Reuters) - South African stocks closed marginally higher on Thursday after the reserve bank raised rates, with financial stocks recovering after a week where market uncertainty hurt banking stocks such as Standard Bank and Absa.

The JSE Top-40 index ended 0.07 percent higher at 25,649.54 points while the broader All-share index closed 0.05 percent stronger at 28,554.32 points.


Read more at Reuters Africa

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