🟢 FirstRand is trading 6.05% up today amid sector-wide strength in South African bank shares

FirstRand is trading up 6.05% at ZAc 9,743.00 today, outperforming the broader market as South African banking stocks see significant gains.

• The move appears driven by sector-wide momentum rather than company-specific news, with Standard Bank rising 5.37% and Capitec gaining 4.72%.
• The banking rally stands in contrast to the broader JSE J203 index, which fell 0.47%, suggesting a rotation into financial services.
• Trading activity remains high with 26.89 million shares exchanged, according to Financial Times data.