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Shoprite shares jump 9%

Sep 22 2008 15:32

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Johannesburg - Retailer Shoprite jumped more than 9% on Monday after it joined the JSE Top-40 following a rejig of the blue-chip index.

By 15:20, the stock gained 9.8% to R47.20.

The JSE said earlier this month Shoprite, South Africa's biggest grocery chain by market value, would be added to the blue-chip index from September 22.

Shoprite replaces industrial group Barloworld, which fell 0.6% to R61.84 on Monday.

- Reuters

 
 
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