Reuters reported South Africa’s FTSE/JSE Africa All Share Index rose as investors started buying in beat down companies again.
As quoted in the market news:
Share prices in Johannesburg were negative for most of the day but turned positive in late afternoon when European shares cut losses.
Implats was the best-performing Top-40 stock, rising nearly 4 percent to 141.69 rand. The price is still down 15 percent this year.