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SA stocks set for longest winning streak since 2013


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SA stocks set for longest winning streak since 2013
SA’s main stock gauge climbed for a fourth day, rising 0.5% by 9:46 a.m. in Johannesburg.
By Adelaide Changole, Bloomberg
28 May 2021 
12:33 
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Image: Moneyweb
South Africa’s main stock gauge climbed for a fourth day, rising 0.5% by 9:46 a.m. in Johannesburg, as gains by iron ore producers, Richemont and banks countered weakness in gold and platinum producers and local market giant Naspers Ltd. The key index is poised for its longest streak of monthly advances for eight years.
The Johannesburg benchmark tracked peers in Asia, which climbed after solid economic data and President Joe Biden’s federal spending plans spurred a Wall Street rally in cyclical shares. US data included a drop in jobless claims to a fresh pandemic low. ....

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