The JSE index closed marginally up at 85,608 after a choppy session on Friday, achieving its seventh consecutive day of gains and a weekly rise of 2.1%. Gains were driven by the resource-linked sector, boosted by rising gold prices, which helped offset weakness in financials, industrials, technology, and retail stocks. Meanwhile, traders assessed stronger-than-expected PMI data from the US, which raised expectations that the Federal Reserve would need to slow the pace of easing. Domestically, investors continued to digest the South African Reserve Bank's recent decision to implement a cautious 25bps rate cut.
The main stock market index in South Africa (SAALL) increased 8715 points or 11.33% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from South Africa. Historically, the South Africa Stock Market (SAALL) reached an all time high of 87883.90 in October of 2024. South Africa Stock Market (SAALL) - data, forecasts, historical chart - was last updated on November 23 of 2024.
The main stock market index in South Africa (SAALL) increased 8715 points or 11.33% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from South Africa. The South Africa Stock Market (SAALL) is expected to trade at 85103.13 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 81529.11 in 12 months time.