Johannesburg - Continued rand strength against the dollar started to hurt share prices on the JSE on Tuesday, ending the promising run of the previous few days.
All major indices on the JSE, which have made promising moves over the past seven days, were lower at mid-morning as the firm local unit hurt the rand income of companies which earn a major part of their income in foreign currencies.
Mining companies, whose commodities are all priced in dollar, were the most affected and the Resources index was already 1.04% lower at mid-morning, after gaining 3.54% over the previous seven days.