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#RandReport: Rand, stocks ease before Trump inauguration

By 1520 GMT the rand was 0.13 weaker at 13.5275 and the blue-chip JSE Top-40 index was off 0.7% to 52,532 points.

Picture: EWN.

JOHANNESBURG - The rand and stocks drifted weaker on Friday as appetite for riskier assets wavered ahead of US President-elect Donald Trump's inauguration.

By 1520 GMT the rand was 0.13 weaker at 13.5275, giving away earlier modest gains that saw the unit briefly move near the 13.5000 technical resistance mark.

The blue-chip JSE Top-40 index was off 0.7% to 52,532 points and the broader All-share index was down by the same margin at 45,780.

Investors worry that Trump's arrival in the White House will herald a rise in protectionism, with the introduction of tariffs that could harm export-dependent economies in the developing world.

Slightly higher commodity prices in the session helped boost demand for the rand and some platinum shares as the white metal rose more than 1% and gold trimmed earlier losses.

Anglo American Platinum was 0.3% higher at R309.99 and Sibanye Gold, which is an aggressive drive to add platinum to its portfolio, added 0.7% to R27.25.

In fixed income, bonds were flat, with the yield on the benchmark 2026 paper unchanged at to 8.72%.

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