Latest news with #FTSEJSE
Bloomberg
07-07-2025
- Business
- Bloomberg
JPMorgan, Goldman Sachs See More Upside for South African Stocks
By South African stocks are poised to extend their rally in the second half, buoyed by an improving outlook for the domestic economy and supportive monetary policy, according to JPMorgan Chase & Co. The FTSE/JSE Africa All Share Index is up 23% this year in dollar terms, outperforming both the MSCI Emerging Markets Index and the S&P 500. JPMorgan expects the momentum to continue led by South Africa Inc. shares as they stand to benefit from local economic tailwinds.
Bloomberg
01-07-2025
- Business
- Bloomberg
South African Stocks Poised to Extend Golden First-Half Rally
South African stocks are heading for their best first-half performance in almost two decades, and precious-metal prices could pave the way for further gains. The FTSE/JSE Africa All Share Index is up 14% this year, on track for its biggest first-half advance since 2006. In dollar terms, it's up 21%, outperforming both the MSCI Emerging Markets Index and the S&P 500.
Bloomberg
20-06-2025
- Business
- Bloomberg
South African Stocks Tipped to End Decade of Foreign Outflows
The valuation discount of South African equities relative to developing peers is set to narrow as some of the capital flowing out of the US and into emerging markets finds its way to Johannesburg stocks, according to Momentum Investments. Foreign investors have been net sellers of South African stocks every year since 2016, and net outflows year-to-date already amount to $6.3 billion, according to JSE Ltd. data. Even so, the benchmark FTSE/JSE Africa All Share Index is outperforming the MSCI Emerging Market stock index and the S&P 500 in dollar terms this year.
Bloomberg
30-05-2025
- Business
- Bloomberg
South African Stocks Rally to Record With a Boost From China
South Africa's benchmark stock index is heading for its best month in almost a year, with a helping hand from China's most valuable company. The FTSE/JSE Africa All Share Index is up more than 7% in dollar terms in May, on track for its biggest monthly gain since June last year and its best May performance since 2013. It has outperformed emerging-market peers as well as the S&P 500 and the Stoxx Europe 600.
