Shares of Trump Media and Technology surged as Americans went to the polls to elect either the first female president, Kamala Harris or re-elect former President, Donald Trump.
The stock trades under the moniker DJT and shares in the group were up by 10.8% in premarket trading on Tuesday.
At the close of business on Monday, the shares were trading at around $34.34 (R599.18).
On Tuesday the shares were trading at around $37.53 (R654.84) at 07:41am EST.
Trump Media and Technology has one major product or company and that is Truth Social.
A social media platform that was created to create an open global conversation, according to Trump.
Unlike its contemporaries like X or Facebook, Trump Social does not restrict whom a user can follow and also there is very little fact-checking done on the site.
When will we know who wins?
US officials are calling for patience as they tally ballots in what could be a historically close presidential race and warning that it could take days to find out who has won.
Under the US system, citizens do not vote directly for their leader. Instead, their ballots elect the 538 members of a group called the Electoral College, which then elects the president and vice president.
Each state casts its Electoral College votes for the candidate that won its popular vote. Bigger states, with more representatives in the US Congress, get a larger share of the 538 Electoral College votes on offer.
Harris and her rival Trump will be vying to get to the all-important 270 votes that pushes them past the halfway mark and guarantees them the keys to the Oval Office.
IOL BUSINESS