JSE Top 40 jumps 2.38% as ETF listings and tech deals drive flow
The JSE Top 40 rose 2.3843% to 113485.58 on April 17, while the All Share added 2.1318% to 121249.37. Product activity broadened with a new global fund, while additional ETF5IT, SATRIXIFR, SATRIXEMG and SATRIXWDM securities were listed, according to Africa Business Communities and JSE notices dated April 17. On the corporate side, Sibanye-Stillwater announced 2 technology partnerships in 2 days, targeting rhodium-based precision cancer therapies with Necsa, according to Bizcommunity, after a palladium-based glass fibre technology tie-up with Heraeus, according to Engineering News. In financial services, Nedbank and Mastercard struck a 10-year digital transformation deal in SADC, htxt.co.za reported, while Prosus sold a 4.5% stake in Delivery Hero to Uber, according to a Prosus notice carried by Naspers.
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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.