Market summary
The JSE All Share closed the week at 110 934.30 increasing by 2.30%. The biggest contributing sector was consumer staples, rising by 4.52%, while the health care sector decreased by 0.22% during the same period.
Looking globally, developed markets decreased by 1.09% (USD) during the week. Emerging markets decreased by 5.15% (USD) during the same period.
Local events
• South Africa’s mining production fell 12.7% year-on-year in August, the sharpest decline since October 2022, driven by steep falls in PGMs, iron ore and coal output.
• South Africa plans to phase out semi-knock-down vehicle assembly to support deeper local manufacturing.
• Moody’s says South Africa could receive a credit-rating upgrade, with government debt expected to decline from 87% to 84% of GDP by 2030.
Global events
• China’s trade surplus widened to $133.5 billion in September as exports surged 36.3%, highlighting resilient trade activity.
• US inflation rose to 3.7% in September, above expectations, as higher energy prices increased inflationary pressures.
• US producer prices jumped 1.3% in September, the largest monthly increase since March 2022, while annual PPI reached 6.3% as energy costs surged 10.8%.
Thanks to PPS Investments for the weekly Market Summary.
Financial indicators by Sharedata.co.za
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