The FTSE/JSE All Share Index rose as much as 0.5% to around 75,500 on Monday, lifted by oil giant Sasol, while investors weighed the global monetary policy outlook and a slowdown in Chinese economic growth ahead of the US earnings season. Domestically, a government meeting is set for this week where proposals will be discussed regarding a roadmap for when the state of disaster will end. On the data front, traders awaited a set of economic data due this week, including mining production, consumer price inflation and retail sales.
Historically, the South Africa Stock Market Index (Composite) reached an all time high of 75925.55 in January of 2022. South Africa Stock Market Index (Composite) - data, forecasts, historical chart - was last updated on January of 2022.
The South Africa Stock Market Index (Composite) is expected to trade at 73168.46 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 67501.38 in 12 months time.