The rise in the cost of capital acts as a drag on equity valuations. However, double-digit earnings growth of corporates in the listed space recouped the drag on valuations due to higher interest rates delivering overall flattish returns.
The rise in the cost of capital acts as a drag on equity valuations. However, double-digit earnings growth of corporates in the listed space recouped the drag on valuations due to higher interest rates delivering overall flattish returns.
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