JSE slips 0.47% after CANAL+ debut on bourse
The JSE All Share fell 0.47% to 112453.45 on June 4, while the Top 40 lost 0.59% to 104621.89. CANAL+ started trading on the JSE on June 3, in what TechAfrica News, CNBC Africa and Bizcommunity described as the 1st French company listing on the exchange, with a strong debut according to Moneyweb. Business Post Nigeria reports CANAL+ is still eyeing a MultiChoice turnaround, preserving the conditional nature of that strategic move. Away from price action, IOL said Absa Group's non-executive director pay resolution failed at its June 3 AGM, while sundayworld.co.za reported Nedbank rolled out AI-powered quick loans.
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JSE ends flat after CANAL+ debut and Nedbank's AI lending push
The JSE Top 40 rose 0.0663% to 103185.99 and the All Share added 0.0357% to 111129.58 on June 9, as listing activity and financial-sector product launches set the tone. CANAL+ debuted in Johannesburg on June 3 and became the first French company to list on the JSE, a move described as historic by Mail & Guardian and CNBC Africa, while Forbes Africa said the exchange's market capitalization topped $1.5 trillion after the listing. Moneyweb reported a strong CANAL+ market debut, while Business Post Nigeria said the group is still eyeing a MultiChoice turnaround, preserving the conditional nature of that plan. In banking, Nedbank launched AI-powered quick loans with Jumo, according to Business Day, ITWeb and TechCabal, to reach excluded borrowers, while IOL reported Ethos Capital plans to list and an Absa AGM resolution on non-executive director pay failed.
Johannesburg Stock Exchange — Aspen Rises 2.8% as Gold Weakens and JSE Holds Flat
Aspen Pharmacare climbed 2.8% on Tuesday, outperforming a weaker gold complex while the JSE All Share added just 0.04%. Softer gold prices and a firmer rand weighed on miners, but healthcare and selected financials helped steady the market.
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