Market summary
The JSE All Share closed the week at 108 378.17 decreasing by 2.12%. The oil and gas sector was the largest contributor, adding 2.59%, while the telecommunications sector declined by 4.21% during the same period.
Looking globally, developed markets decreased by 0.58% (USD) during the week. Emerging markets decreased by 1.23% (USD) during the same period.
Local events
• South Africa recorded a budget surplus of R20.0 billion in August 2026, reflecting an improvement in government finances and supporting fiscal stability.
• South Africa’s Absa Manufacturing PMI rose to 50.7 in September, returning to expansionary territory as new orders and manufacturing conditions improved.
• South Africa’s trade surplus increased to R20.5 billion in August, the largest since March, as imports fell to a five-month low, outweighing weaker export volumes.
• South Africa’s producer price inflation slowed to 5.0% in August, the lowest level since April, as fuel and food price pressures eased.
Global events
• The US economy added 29,000 jobs in September, well below expectations, signalling slower labour market momentum and raising questions about the economic outlook.
• China’s official Manufacturing PMI rose to 50.1 in September, returning to growth for the first time since June as production and demand improved.
• Eurozone inflation accelerated to 3.8% in September, its highest level in a year, reinforcing expectations that interest rates could remain higher for longer.
• The Fed’s preferred inflation measure, core PCE, increased by 0.2% in August, below expectations of 0.3%, signalling a moderation in underlying inflation pressures.
Thanks to PPS Investments for the weekly Market Summary.
Financial indicators by Sharedata.co.za
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