Resources shine on JSE

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Johannesburg - The prices of the dual-listed shares on the JSE followed the London market higher on Tuesday, with the FTSE index trading at a new record high shortly after the opening.

Most of the dual-listed shares, which represent about half of the JSE’s market value, are also listed in London, where share prices are supported by the weak pound which has been pulled down by concerns on Brexit conditions.

A weak currency is good news for the FTSE, as the majority of companies on the index earn most of their income abroad and therefore make more in pounds if the currency is weak.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.12
+0.0%
Rand - Pound
19.84
+0.0%
Rand - Euro
17.10
-0.4%
Rand - Aus dollar
10.93
-0.2%
Rand - Yen
0.13
-0.2%
Gold
1,833.54
+0.4%
Silver
27.18
+0.3%
Palladium
2,900.16
+1.2%
Platinum
1,227.01
+1.4%
Brent Crude
67.05
-3.3%
Top 40
60,460
+0.4%
All Share
66,493
+0.5%
Resource 10
68,913
-0.8%
Industrial 25
83,369
+1.0%
Financial 15
12,709
+1.7%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1445 votes
No, I did not.
52% - 3611 votes
My landlord refused
27% - 1916 votes
Vote