JSE Top 40 jumps 2.37% as miners rebound in Johannesburg

The JSE Top 40 rose 2.37% to 108807.36 on April 1, while the All Share added 2.22% to 116600.36, led by mining stocks. Kumba Iron Ore jumped 4.8%, according to analyst notes, while Sibanye Stillwater advanced on a metals rebound, according to TipRanks, after insider purchases including 35000 shares at $2.70 and 2500 ADS, according to Stock Titan. The news flow stayed mixed, with the Johannesburg Stock Exchange suspending City of Johannesburg bonds over financial failures, reports Central News South Africa, and Nedbank warning an oil shock could reignite inflation as the rand weakens, according to Business Day. On products, the JSE expanded its range with an AI-focused active ETF, according to Africa Business Communities and African Markets, while the bourse announced a special dividend and growth ahead of its CEO's departure, according to IOL.