FirstRand Stock Rises as Rand Gains 6% and R60M Bond Listing Lifts Sentiment
FirstRand Ltd (JSE: FSR) rose 0.77% to 7,498 ZAC on Tuesday, building on recent gains as investor sentiment improves across South Africa’s.
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Last updated: Thursday, July 24, 2025
Quick overview
- FirstRand Ltd's stock rose 0.77% to 7,498 ZAC, reflecting improved investor sentiment in South Africa's banking sector.
- The rand has appreciated over 6% against the US dollar this year, easing inflationary pressures on imported goods.
- Despite recent gains, the rand remains vulnerable to external shocks and domestic fiscal challenges, with a historical inflation gap affecting its long-term value.
- Technically, FirstRand's stock is showing tentative signs, with key support and resistance levels indicating a range-bound outlook unless it surpasses 7,620 ZAC.
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