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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
16.84
(+0.45)
ZAR/GBP
21.62
(+0.72)
ZAR/EUR
19.73
(+0.74)
ZAR/AUD
12.00
(+0.77)
ZAR/JPY
0.16
(+0.48)
Gold
1883.20
(-0.66)
Silver
23.70
(-2.19)
Platinum
869.00
(-1.53)
Brent Crude
41.31
(-3.06)
Palladium
2302.00
(+0.28)
All Share
54140.34
(-0.67)
Top 40
49971.13
(-0.69)
Financial 15
9950.16
(-0.54)
Industrial 25
73031.34
(-0.45)
Resource 10
53553.65
(-0.92)
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