The JSE FTSE All Share index closed about 0.6% up at 80,241 on Friday, mainly supported by heavyweight tech stocks and industrials. Meanwhile, investors continued to monitor the earnings season and macroeconomic data from major economies. The latest US jobs report pointed to the resilience of the US economy, raising fears that the Federal Reserve could keep hiking interest rates. On the domestic data front, a fresh PMI survey showed South Africa's private sector contracted in January, marking the first downturn in three months and at the steepest pace since the end of 2021. The JSE booked its first weekly loss this year, down about 7%.
Historically, the South Africa Stock Market Index reached an all time high of 81337.95 in January of 2023. South Africa Stock Market Index - data, forecasts, historical chart - was last updated on February of 2023.
The South Africa Stock Market Index is expected to trade at 78012.14 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 70231.93 in 12 months time.