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Bearish Signals Stalk South Africa Stocks After August Gains
JOHANNESBURG (Capital Markets in Africa) – It’s been a great month, but things may be about to turn a lot grimmer for South African stocks, if technical signals are any guide. The benchmark is coming off its longest winning streak since October, rising for nine consecutive days through Tuesday. The FTSE/JSE Africa All Share Index this week revisited levels above 60,000, last seen in February, taking its August advance to 4.5 percent, set for the…
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