The South Africa FTSE/JSE Africa All Shares Index snapped a multi-day losing streak and rose as much as 2.3% on Wednesday, its biggest daily gain since August 5th. Investors welcomed positive manufacturing data from Europe while continue monitoring the pandemic situation in the region to see whether or not the EU will implement new lockdown measures to contain the virus. On the domestic, optimism surrounding the easing of the country's lockdown restrictions also boosted the market sentiment. South Africa's stock market will be closed on Thursday in observance of Heritage Day.
Historically, the South Africa Stock Market reached an all time high of 61776.68 in January of 2018. South Africa Stock Market - data, forecasts, historical chart - was last updated on September of 2020.
The South Africa Stock Market is expected to trade at 52130.78 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 48870.94 in 12 months time.