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Rand strength sets tone for JSE slide

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Cape Town - The rand strengthened causing rand hedge stocks to trade under pressure, which dragged the overall index lower.

The rand managed to strengthen to highs of R12.94 against the US dollar after trading on the JSE began on Thursday.

Investors were eagerly waiting the verdict of the Constitutional Court on the application made by the United Democratic Party (UDM), for the parliament to have a secret vote for a motion of no confidence in President Zuma.

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ZAR/USD
16.31
(-1.23)
ZAR/GBP
21.09
(-0.61)
ZAR/EUR
19.33
(-0.99)
ZAR/AUD
11.90
(-0.72)
ZAR/JPY
0.16
(-1.15)
Gold
1949.88
(+0.16)
Silver
26.78
(-0.87)
Platinum
929.00
(-0.32)
Brent Crude
43.78
(+2.41)
Palladium
2358.07
(+1.96)
All Share
54673.65
(-0.66)
Top 40
50399.16
(-0.59)
Financial 15
9841.32
(-2.14)
Industrial 25
72558.00
(-1.08)
Resource 10
55438.10
(+0.58)
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