JSE Index Edges Up – December 20-2023

The JSE All Share index ended a tad above even at 74,894 on Wednesday, keeping pace with global markets. Investors were on their toes, waiting for more US economic figures, especially the PCE data and final Q3 GDP numbers, to determine what the Federal Reserve might do next. At the same time, there’s keen interest in any shipping issues in the Red Sea and how they might affect the world’s economy.

In company news, Telkom’s stocks jumped nearly 6% after Moody’s maintained a stable outlook and predicted better financial results soon. Sasol also did well, gaining 4.1% as oil prices went up. Conversely, British American Tobacco, Pepkor Holdings, Kumba Iron Ore, and Anglo American Platinum didn’t do as well, losing more than 2%.

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Ethan O. Miller

Ethan O. Miller is a seasoned Forex analyst. His insightful articles offer a unique perspective on currency trends, aiding both novice and experienced traders in navigating the Forex market.

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