JSE Top 40 jumps 2.38% as ETF listings and tech deals drive flow

The JSE Top 40 rose 2.3843% to 113485.58 on April 17, while the All Share added 2.1318% to 121249.37. Product activity broadened with a new global fund, while additional ETF5IT, SATRIXIFR, SATRIXEMG and SATRIXWDM securities were listed, according to Africa Business Communities and JSE notices dated April 17. On the corporate side, Sibanye-Stillwater announced 2 technology partnerships in 2 days, targeting rhodium-based precision cancer therapies with Necsa, according to Bizcommunity, after a palladium-based glass fibre technology tie-up with Heraeus, according to Engineering News. In financial services, Nedbank and Mastercard struck a 10-year digital transformation deal in SADC, htxt.co.za reported, while Prosus sold a 4.5% stake in Delivery Hero to Uber, according to a Prosus notice carried by Naspers.