A hopefully recovery from the JSE stock index. Fingers crossed the after fall to rise was a stock broker's spook. 📈
JSE All Share Index
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lol. You gotta talk to your doctor about it.
The raise in PGM's moves south africa mining camany in a good stake, also Gold is moving better boosting again mining department better 😉
it's good to have a green day once in a while
Well, old people really do have the ability to spoil the air, especially those who have power ))
rand holding up better than expected but jalsh still can't break past that 80k level properly. financials dragging it down, property's weak. maybe wait for earnings season before jumping in.
rand's been hammered against the dollar lately so that's helping some of the heavy hitters in the index, but most of the gains are just noise imo. inflation's still too high here and the fed's probably done hiking which means rates could stay sticky for a while, not great for earnings. long-term view hasn't changed though, markets are shaky but the index has some solid dividend plays if you've got the stomach to hold through this.
all share finally breaking above that 78k wall, been stuck there for weeks
Good Morning Everyone, JALSH weighted heavy towards Naspers and Richemont again, those two alone pushing 18% of index. Rand weakness helps the big exporters but drags the rest. Long term still follows earnings growth, not sentiment, so watch the actual corp results when they land.
financials carrying the load but watching how much of this rand tailwind is real vs just currency effects masking weak underlying demand. earnings in the next few weeks will sort that out quick.
@trpine_patient yeah the financials are doing the heavy lifting here, makes sense with where the rand's at
financials carrying the index on their backs as usual, but the rand doing them favours helps the big dogs eat offshore. earnings season gonna sort the wheat from the chaff real quick, either the recovery talk sticks or we're back to load-shedding excuses and sideways nonsense.