Rand pressure helps big dual-listed shares on JSE

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Netwerk24

Johannesburg - On Tuesday the rand continued to be under pressure in reaction to higher US interest rates and that was as usual good news for the big dual-listed shares on the JSE, which earn most of their income abroad in foreign currencies.

These shares are cheaper when the rand is weaker and makes them more attractive for foreign investors.

The rand traded 0.50% weaker on Tuesday morning at R14.15 to the dollar after positive comments by Janet Yellen, chair of the US Federal Reserve, on the US job market strengthened expectations of further interest hikes.

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Rand - Dollar
14.80
-0.1%
Rand - Pound
20.52
+0.0%
Rand - Euro
17.47
+0.0%
Rand - Aus dollar
10.86
+0.2%
Rand - Yen
0.13
+0.2%
Gold
1,798.03
-0.1%
Silver
24.81
+0.5%
Palladium
2,602.26
-0.2%
Platinum
1,055.99
+0.1%
Brent Crude
74.48
-0.0%
Top 40
61,720
+0.8%
All Share
67,897
+0.8%
Resource 10
69,334
-0.0%
Industrial 25
86,181
+1.4%
Financial 15
12,928
+1.1%
All JSE data delayed by at least 15 minutes Iress logo
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