The JSE FTSE All Share Index hovered above the flatline at 70,800 on Monday, remaining close to the two-month high of 71,260 touched last week with broad support from the heavyweight miners traded in Johannesburg. Anglo American Platinum and BHP shares traded firmly in the green, offsetting losses for Impala Platinum. In the meantime, luxury brand conglomerate Richemont was 0.6% up despite poor retail trade data from major consumer China, as investors digested the effects that the consequent cut in borrowing costs from the PBoC may have in the sector. Elsewhere, Eskom warned that electricity prices in the country may surge if energy regulator Nersa confirms its proposed methodology changes.
Historically, the South Africa Stock Market Index reached an all time high of 78297.38 in March of 2022. South Africa Stock Market Index - data, forecasts, historical chart - was last updated on August of 2022.
The South Africa Stock Market Index is expected to trade at 68411.33 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 61896.98 in 12 months time.