STOCK HIGHLIGHT | Sibanye-Stillwater succumbing to pressure
Sibanye-Stillwater is facing significant pressure in the market, impacting its stock performance.
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The JSE rose 1.15% in the week through Thursday, April 30, helped by a 1.27% firmer rand and a 5.8% drop in Brent crude. Precious-metals miners and selected industrials led a broadly positive tape, with 42 advancers out of 53 tracked stocks.
JSE rises 1.15% as Canal+ sets June 3 listing date
The JSE All Share rose 1.15% to 115180.53 on April 30, while the Top 40 added 1.16% to 107229.42. Canal+ confirmed a Johannesburg listing for June 3, a move that would make it the first French company to list on the JSE, according to The Citizen, Advanced Television, Deadline and TV with Thinus. Sibanye-Stillwater stayed in focus across sector coverage, with reports on new palladium applications, sustainability and a higher JPMorgan stake, according to Mining Review Africa, Mining Weekly and Geomechanics.io. In corporate news, Shoprite released its 2024 annual report and set a virtual AGM date, while Absa Investment Bank hired Deutsche's South Africa CEO and Aspen Pharmacare disclosed the resignation of an executive director, according to MSN, Moneyweb and an April 30 filing.