JSE Top 40 drops 2.48% despite new ETFs and a bank offer premium

The JSE Top 40 fell 2.48% to 104171.82 points and the JSE All Share dropped 2.27% to 112032.26 on June 1. On the corporate front, Tiger Brands warned that the Iran-Israel war could lead to price increases, according to Reuters. On products, the JSE expanded its ETF range with the launch of anchor EasyETFs local and global equity funds, Africa Business Communities reported. In financial services, Nedbank opened its offer on NCBA with a premium of more than 20% for shareholders, Financial Afrik reported.