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Dual-listed shares shine on the JSE

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Johannesburg - Investors on the JSE sought safety in the big dual-listed shares on Tuesday morning, all of which were trading higher by mid-morning.

The big market capitalisation of these shares also pulled the market higher and all the major indices, except gold, were stronger at that stage, with the two major indices almost 1% up.

Major dual-listed companies draw investments if there are concerns about the South African economy, because they are less affected as they earn most of their income abroad and in foreign currencies. This means local investors earn more in rand terms if these firms perform well elsewhere, particularly if the unit is weak as is the case at present.

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ZAR/USD
16.75
(+0.98)
ZAR/GBP
21.65
(+0.57)
ZAR/EUR
19.64
(+1.16)
ZAR/AUD
12.00
(+0.71)
ZAR/JPY
0.16
(+0.78)
Gold
1884.30
(-0.60)
Silver
23.22
(-4.10)
Platinum
888.01
(+0.90)
Brent Crude
41.31
(-3.06)
Palladium
2297.00
(+0.06)
All Share
54264.96
(-0.44)
Top 40
50042.44
(-0.55)
Financial 15
10071.85
(+0.68)
Industrial 25
73187.40
(-0.23)
Resource 10
53383.39
(-1.24)
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