One number defined the JSE today: +5.9% for The SPAR Group at ZAR 54.9, even as the JSE All Share fell 1.38% to 109,593.41 and the Top 40 dropped 1.48% to 101,656.21. In a session dominated by selling in gold miners and heavyweight index names, the food retailer delivered the strongest move on the board, comfortably ahead of Redefine Properties at +2.3% and Shoprite at +1.9%.
Key figures
- SPAR Group: +5.9% at ZAR 54.9
- JSE All Share: -1.38% at 109,593.41
- JSE Top 40: -1.48% at 101,656.21
- Gold: -2.5% at $4,153/oz
- USD/ZAR: 16.525, little changed on the day
Johannesburg stock exchange today: miners dragged the market lower
The broader picture on the Johannesburg stock exchange today was clearly negative, with 17 gainers against out of tracked stocks. The main driver was weakness in gold producers after bullion fell to an ounce, as global markets reacted to signs of easing geopolitical stress around U.S.-Iran talks, according to the macro headlines provided. When safe-haven demand cools and gold retreats, South African gold counters usually amplify that move because their earnings remain highly geared to the spot price.