Posted to the web 10 October 2008 Johannesburg STOCKS spent the day in positive territory yesterday, closing up following the stronger opening on American markets after confidence began to seep back into markets with co-ordinated efforts to try and stabilise global financial systems. In later trade the Dow lost its momentum and started trading in the negative, but soon bounced up and moved back into positive territory again. Traders say after some panic and overselling on the market the day before, markets yesterday were quieter and calmer, with "some guys taking profits". Traders said that it was not unusual to see sectors that experienced heavy losses over the past few days show some signs of recovery. "The local market is just following the moves on the American markets," a trader said. The trader said that after finding...
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