The FTSE/JSE All Share Index closed 1% higher at 67,073 on Tuesday, driven by gains in shares of heavyweight petrochemical giant Sasol amid rising oil prices. On the domestic economic front, the mining sector rebounded in February, posting the first gain in a year. In other news, the South African National Treasury has extended its Covid-19 Loan Guarantee Scheme by a further three months, in an effort to continue supporting the domestic recovery. Elsewhere, investors digested the latest US inflation report and buoyant Chinese trade data, suggesting that a strong economic recovery is under way.
Historically, the South Africa Stock Market reached an all time high of 69403.75 in March of 2021. South Africa Stock Market - data, forecasts, historical chart - was last updated on April of 2021.
The South Africa Stock Market is expected to trade at 64975.91 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 60912.84 in 12 months time.