Resource shares, tech equities, and financials helped the JSE FTSE All Share index settle 0.8% higher at 67,260 on Thursday.
Investors were also analyzing the most recent ECB decision and Jerome Powell’s hawkish comments, which created doubts about the future of the world economy. On the domestic data front, South Africa’s manufacturing output rebounded by a less-than-expected 3.7% yoy in July, following three straight months of declines. According to a different source, the nation’s current account balance unexpectedly changed to a deficit in the second quarter of ZAR 87 billion.
History shows that in March 2022, the South Africa Stock Market Index achieved an all-time high of 78297.38. By the end of this trading day, the South African Stock Market Index is anticipated to be trading at 65148.09 points by the end of this quarter.