The FTSE/JSE All Share Index extended gains for the third session on Friday and is heading for a nearly 2% weekly gain, as investors remained hopeful about a strong global economic recovery while cautiously awaited a scheduled review of South Africa's sovereign credit by Moody's later in the day. Upbeat economic data from major economies around the world such as China and Germany point to a robust recovery from the Covid-19 blow in 2021.
Historically, the South Africa Stock Market reached an all time high of 69403.75 in March of 2021. South Africa Stock Market Index (Composite) - data, forecasts, historical chart - was last updated on May of 2021.
The South Africa Stock Market is expected to trade at 66168.82 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 62031.16 in 12 months time.