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 falls 1.62% as Nedbank keeps 2026 targets unchanged
The JSE All Share fell 1.6178% to 109828.87 points and the Top 40 dropped 1.7938% to 101533.96 on June 24. Nedbank kept its 2026 earnings outlook unchanged despite geopolitical tensions and low GDP growth, and remains on track to meet full-year guidance, according to IOL and Business Day. In stocks, HAR slid 13.8% over 5 days, while Capital & Counties rose 3.6% despite the broader selloff, according to analyst notes. Away from the immediate tape, Sibanye-Stillwater outlined R20 billion of platinum project plans, according to Miningmx, while ABSA Group plans to raise its stake in its Kenya unit, CNBC Africa reported.
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