JSE Top 40 drops 2.05% as Canal+ sets 3 June listing date
The JSE Top 40 fell 2.05% to 106581.68 points and the JSE All Share lost 1.86% to 114400.33 points on April 28. Canal+ published first-quarter results and plans to list on the Johannesburg Stock Exchange on June 3, while MultiChoice revenue continues to decline, according to Deadline, Advanced Television and TV with Thinus. Moneyweb reports that Deutsche Bank's South Africa chief executive will join Absa's investment bank. Mining Weekly says sustainability remains central to Sibanye-Stillwater's long-term strategy. Daily notices also showed 3 new listing notifications, 2 additional Satrix security listings and a share repurchase by Ninety One plc.
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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.