A 4.9% jump in Telkom SA to 56.4 ZAR on Thursday, 9 July 2026, stood out as one of the clearest signals on the JSE: money rotated back into domestic mid-caps even as the broader market remained uneven. The JSE Top 40 rose 1.13% to 101,317.16, but market breadth was weak at 22 gainers against 31 losers, showing that the index advance was driven by a few concentrated pockets, notably precious metals and selected mid-cap names.
Key figures
- Telkom (TKG): +4.9% at 56.4 ZAR
- JSE All Share: +1.05% at 109,488.65
- JSE Top 40: +1.13% at 101,317.16
- Gold: $4,140.1/oz, up 1.7%
- Platinum: $1,636.6/oz, up 3.8%
Market context: higher indices, narrower participation
The JSE all share index closed at , up , in a session where the headline move looked stronger than the underlying participation. On one side, gold and platinum group metal counters benefited from a supportive commodity backdrop: gold rose , platinum , and palladium , lifting by to , DRDGOLD by to , Harmony by to , and AngloGold Ashanti by to . On the other side, heavyweight technology names capped the upside, with down at and off at .