Exxaro bucks the JSE slide with a 5.3% jump
In a weaker South African market, Exxaro Resources delivered Thursday’s standout move, rising 5.3% to ZAR 227.5 even as the JSE All Share Index fell 0.47% to 112,453.45 and the Top 40 lost 0.59% to 104,621.89. That divergence was the key feature of trading on June 4, 2026: a pocket of resource and defensive names attracted buying while heavyweight technology stocks and several cyclicals dragged the broader index lower.
Key figures
- Exxaro Resources: +5.3% at ZAR 227.5
- JSE All Share Index: -0.47% at 112,453.45
- Gold: +1.7% at $4,510.4/oz
- USD/ZAR: +0.21% at 16.2869
- Market breadth: 21 gainers / 32 losers
JSE today: weak headline index, selective buying underneath
The picture on the JSE today was one of a market split between index-heavy losers and selective rotation into resources and financials. Breadth was negative, with 21 stocks up and 32 down out of 53 tracked names. The biggest drag came from internet heavyweights: Prosus fell and Naspers dropped . That matters disproportionately on the Johannesburg bourse because Naspers and Prosus carry enough weight to shape the index direction even when other sectors are holding up.