Anglo American shares experienced extreme turbulence on the Johannesburg Stock Exchange this week, plunging to ZAR 649.13 on March 19 before staging a dramatic recovery to close at ZAR 687.93 on Tuesday, March 24 at 16:03 UTC. The 5.5% swing between the weekly high and low—resulting in a flat weekly performance of just +0.1%—exposes the severe volatility gripping mining equities as global trade barriers, Trump tariffs, and Middle East geopolitics roil commodity markets and undermine industrial demand forecasts.
Key figures
- AGL: 687.93 ZAR (+0.1% weekly)
- Weekly low: 649.13 ZAR
- RSI: 42.73
- Div yield: 0.85%
- JSE All Share: 110,804.74 (+0.31%)
The JSE All Share index climbed 0.31% to 110,804.74 on Tuesday, while the Top 40 advanced 0.26% to 102,883.05, according to official closing data from the Johannesburg stock exchange today. Market breadth showed 29 advancing stocks against 23 decliners, indicating cautious optimism across the South Africa stock market despite macroeconomic headwinds. The resources sector displayed mixed resilience, buoyed by a 2.2% weekly gain in platinum to $1,902.10/oz and a 1.1% rise in palladium to $1,427.50/oz—metals critical to Anglo American's portfolio—even as Brent crude collapsed 5.2% to $103.01/barrel, undermining industrial demand forecasts and creating a challenging backdrop for diversified mining conglomerates reporting on the .