Market summary
The JSE All Share closed the week at 108 525.24 increasing by 0.42%. The technology sector was the biggest contributor, adding 3.42%, while the basic materials sector decreased by 0.52% during the same period.
Looking globally, developed markets increased by 0.75% (USD) during the week. Emerging markets increased by 0.03% (USD) during the same period.
Local events
• South Africa’s manufacturing production fell 4.3% year-on-year in August, reversing July’s 1.1% growth as weakness across vehicles, chemicals and food weighed on output.
• SA fuel prices surged as oil neared $100, with 95 petrol at R30.25/litre inland and R29.38 coastal, while 50ppm diesel reached R33.29 inland and R32.03 coastal.
• South Africa produced 9.5 million tonnes of white maize and 7.9 million tonnes of yellow maize in 2025/26, but a “super” El Niño expected to peak in late 2026 could reduce harvests and increase maize price volatility.
Global events
• Fed minutes showed policymakers expect another rate hike by year-end, after raising rates 25 bps to 3.75%–4%.
• Russia agreed to supply over 300,000 tonnes of diesel to US and global markets, helping ease diesel prices.
• The US unemployment rate rose to 4.2% in September from 4.1% in August, signalling some softening in the labour market despite continued employment growth.
Thanks to PPS Investments for the weekely Market Summary.
Financial indicators by Sharedata.co.za
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