South African stocks ended largely flat yesterday, recovering earlier losses after better-than-expected US economic data, with mobile phone operator
US non-farm productivity rebounded more strongly than expected in the second quarter, putting a lid on wage pressures and giving the Federal Reserve room to keep interest rates low for the time being.
The market ended mixed after falling two sessions on the trot, with the benchmark Top-40 index adding 0.06 percent to 45 561 while the All-share index shaved off 0.01 percent as
MTN added 3.9 percent to RÈ.35.
Abil fell 38 percent to
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