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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
16.20
(+0.83)
ZAR/GBP
21.21
(+1.09)
ZAR/EUR
19.16
(+1.03)
ZAR/AUD
11.51
(+0.78)
ZAR/JPY
0.15
(+0.93)
Gold
1898.48
(-1.19)
Silver
24.55
(-1.54)
Platinum
873.00
(-1.13)
Brent Crude
42.06
(-3.35)
Palladium
2383.00
(-0.06)
All Share
54765.79
(-1.05)
Top 40
50261.27
(-1.26)
Financial 15
10383.73
(+2.42)
Industrial 25
74126.75
(-0.60)
Resource 10
52744.57
(-3.13)
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