JSE extends rally as SA Inc shares hold up despite new restrictions

The JSE extended its rally on Monday, with the so-called SA Inc shares — those that derive the lion’s share of their revenue from SA — holding up relatively well despite the country adopting stricter adjusted level 2 lockdown measures to limit rising Covid-19 infections.

Resources were the star performers, helping the all share index gain 0.68% to 68,014.08 points by midday — its best level in about three weeks.  Resources stocks have been recovering steadily after coming off sharply earlier in May amid a drop in commodity prices, which have since stabilised…