Monday, July 23, 2007

Banks, optimism on rates propel S.Africa shares up

(Reuters) - South African shares climbed on Monday, given a lift by the banking sector on the back of hopes that the central bank will leave rates on hold next month.

The Top-40 blue chip index added 0.71 percent to 27,101.50 points, while the broader All-Share index rose 0.65 percent to 29,885.27 points. The blue chip index has gained 20 percent so far this year.


Read more at Reuters Africa

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