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Bloomberg
South Africa’s main stock index erased a retreat of as much as 0.4% to be 0.1% higher as of 9:36 am in Johannesburg, with the extension of a Brexit deadline, progress on vaccine deployment and US stimulus talks supporting investor appetite for riskier assets.
Bank stocks were higher, benefiting as the rand gained due to the favorable risk
sentiment. Nedbank Group
Ltd led the advance, climbing 1.3% as the sector index
rose 0.7%.
MTN Group Ltd was among the stocks providing the most support to the market, rising 6.7% to recover some of the heavy losses at the end of
last week following the suspension of new SIM-card sales in Nigeria.