The FTSE/JSE All Share index closed up 0.3% at 67,029 on Friday, a level not seen since August 31 and extending gains for a third straight session. Healthcare companies were among the top performers following the Health minister's announcement that South Africa would start vaccinating children between the ages of 12 and 17 against COVID-19, and that it was considering giving high-risk healthcare workers a booster shot of the Johnson & Johnson vaccine. At the same time, investors cheered strong company earnings in the US, while fears over stagflation were put to the side. For the week, the JSE booked a 2.7% gain.
Historically, the South Africa Stock Market Index (Composite) reached an all time high of 69813.78 in August of 2021. South Africa Stock Market Index (Composite) - data, forecasts, historical chart - was last updated on October of 2021.
The South Africa Stock Market Index (Composite) is expected to trade at 63519.69 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 58492.43 in 12 months time.