Bank share prices have risen sharply this month, a turnaround from a steady decline since January after the prices were battered by economic factors such as high inflation, low growth, load shedding and geo- political risks, analysts said on Friday.
Since May 30, Standard Bank’s share price had risen 11.7% by Friday, Absa’s share price was up by 6.6%, Nedbank’s by 7.5%, FirstRand shares grew by