Discovery is the latest JSE Top 40 company to join rival stock exchange A2X Markets | Businessinsider

2022/06/27 23:32:00

A2X is still small compared to the JSE, but has attracted many of the JSE's top 40 companies.

A2X is still small compared to the JSE, but has attracted many of the JSE's top 40 companies.

A2X Markets has attracted some of the JSE's biggest companies. But it still has some way to go to be a true rival.

Discovery is the latest blue-chip company to join A2X Markets.Its listing follows mining house Impala Platinum joining in June 2022.A2X is still small compared to the JSE, but has attracted many of the JSE's top 40 companies.For more stories 

go to www.BusinessInsider.co.za.Financial services group Discovery has approved a secondary listing on A2X Markets (A2X) – a competitor to the JSE - and its shares will be available for trade on the exchange from 4 July 2022.Discovery is the latest blue-chip company to join the exchange, following the announcement that mining house Impala Platinum would be joining on 13 June 2022.

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Discovery announces secondary listing on A2XFinancial services company Discovery has been approved for a secondary listing on A2X Markets (A2X), and its shares will be available for trade on A2X from 4 July 2022.

Discovery announces listing on A2XDiscovery Limited has announced its second listing on A2X Markets.

Discovery to start trading on A2X next weekThe latest addition will give the exchange a combined market capitalisation of about R4.5-trillion Good news They can start trading ko MTN rank for all I care Med Aid companies are supposed to be non-profit organizations. 😂🤣

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Discovery announces secondary listing on A2XFinancial services company Discovery has been approved for a secondary listing on A2X Markets (A2X), and its shares will be available for trade on A2X from 4 July 2022.

A2X Markets CEO, Kevin Brady is happy to see Discovery on the exchange.Discovery said it will retain its primary listing on the Johannesburg Stock Exchange (JSE) and its issued share capital will be unaffected by its secondary listing on A2X.Subscribe Discovery Limited has announced its second listing on A2X Markets, with its shares being made available for trade from 4 July 2022.27 June 2022 - 20:18 Nico Gous Discovery shares will start trading on A2X Markets next week after getting the green light, taking the number of instruments available for trade on the alternate exchange to 69.

Discovery is the latest blue-chip company to join  A2X Markets. Its listing  follows mining house Impala Platinum joining in June 2022. This unique approach has underpinned their success globally, with substantial new business growth and an impressive increase in normalised operating profit and headline earnings. A2X is still small compared to the JSE, but has attracted many of the JSE's top 40 companies. A2X describes Discovery as a shared value financial services company. For more stories  go to www. The listing will bring the number of instruments available for trade on A2X to 69 with a combined market capitalisation of around R4.BusinessInsider. A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

co. Discovery joins other JSE Top40 Index constituents, AngloGold Ashanti, Aspen, Exxaro, Growthpoint, Implats, Investec Ltd and Investec plc, Mr Price, Naspers, Nedbank, Nepi Rockcastle, Prosus, Remgro, Sanlam, Sasol and Standard Bank on the A2X exchange. Its listing on A2X will bring the exchange’s total instruments available for trade to 69, with a combined market capitalisation of approximately R4.za . Financial services group Discovery has approved a secondary listing on A2X Markets (A2X) – a competitor to the JSE - and its shares will be available for trade on the exchange from 4 July 2022. It is regulated by the Financial Sector Conduct Authority and the Prudential Authority (SARB) in terms of the Financial Markets Act. Discovery is the latest blue-chip company to join the exchange, following the announcement that mining house Impala Platinum would be joining on 13 June 2022. Now read:. Discovery's listing brings the number of instruments available for trade on A2X to 69, with a combined market capitalisation of around R4.

5 trillion. Though the addition of Discovery is a boost for A2X, it is still dwarfed by the JSE, which has 800 listed securities, about 400 listed companies, and a market capitalisation of well above R20 trillion. A2X, which was founded in 2014, is one of several stock exchanges, like the Cape Town Stock Exchange, which have emerged over the past few years to challenge the 136-year-old JSE. Although the A2X still has a long way to go when it comes to challenging the JSE on number of companies listed, it already has a solid record in attracting some of the biggest companies in the country. Discovery will join other JSE Top 40 Index companies such as AngloGold Ashanti, Aspen, Exxaro, Growthpoint, Implats, Investec Ltd and Investec plc, Mr Price, Naspers, Nedbank, Nepi Rockcastle, Prosus, Remgro, Sanlam, Sasol, and Standard Bank on the A2X exchange.

Discovery will, however, retain its primary listing on the JSE and its issued share capital will be unaffected by its secondary listing on A2X. Even so, A2X CEO Kevin Brady was very happy to see Discovery join the exchange. “Since its inception 30 years ago Discovery has become the undisputed shared-value insurance market-leader and we are delighted to welcome them to our market next week.” Get the best of our site .