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JSE financial shares recover on rand gains

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Johannesburg - Share prices on the JSE steadied somewhat on Thursday morning after the turmoil on Wednesday afternoon, following local investment manager Futuregrowth announced it would no longer lend money to South Africa’s major state-owned enterprises.

READ: Canter: Why others poised to follow Futuregrowth lead, stop lending to SOEs

Financial shares in particular recovered in morning trade as the rand improved to R14.60 to the dollar, after Wedesday’s market turmoil saw the currency dropping as low as R14.70.

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ZAR/USD
17.44
(+0.16)
ZAR/GBP
22.74
(+0.41)
ZAR/EUR
20.57
(-0.18)
ZAR/AUD
12.50
(-0.01)
ZAR/JPY
0.16
(+0.59)
Gold
1914.72
(+0.48)
Silver
25.45
(+2.51)
Platinum
928.99
(+0.92)
Brent Crude
44.46
(-1.09)
Palladium
2134.99
(+2.60)
All Share
57417.28
(+0.44)
Top 40
53126.54
(+0.56)
Financial 15
10139.85
(-0.74)
Industrial 25
76210.18
(+0.91)
Resource 10
58992.57
(+0.54)
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