The JSE index demonstrated relative stability around 86,390 on Monday, as persistent tensions in the Middle East tempered market optimism concerning the resilience of the US economy. This environment prompted investors to refocus on upcoming US inflation data, the FOMC minutes, and various speeches from Federal Reserve officials scheduled for the week.
Domestically, investors are also anticipating the release of crucial mining and manufacturing data from South Africa later this week. Notable individual stock performers included Coronation Fund Managers, Barloworld, Reunert, and Naspers, all of which saw gains ranging from 1.5% to 3.5%. Conversely, Sasol struggled, slipping over 4% to land at the bottom of the index, trailed by Thungela Resources with a decline of 3.9% and DRD Gold, which fell by 2.9%.
The main stock market index in South Africa (SAALL) has risen 9463 points or 12.31% since the beginning of 2024, based on trading in a contract for difference (CFD) that tracks this benchmark index. Analysts anticipate the South Africa Stock Market (SAALL) to trade at approximately 84929.81 points by the end of this quarter, according to global macro models and analyst projections. Looking ahead, estimates suggest it will trade around 78817.38 in the next 12 months.