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South Africa
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Full ETF Guide for South Africans available now in PDF format to download, print, or share. Find it in the telegram below - more to come
t.me/+QH7vccvASEg4MTA0
TODAY'S MARKET BRIEF
JSE 🇿🇦
JSE All Share: -0.23%
JSE Top 40: -0.24%
Industrial 25: -0.15%
Financial 15: -0.04%
Resource 10: -0.56%
Mid Cap: -0.24%
Small Caps: -0.26%
USDZAR: R16.59
Biggest Winners (Large Caps):
- Clicks Group +2.36%
- Naspers +1.32%
- Impala Platinum +1.30%
- Bidvest +1.17%
- Northam Platinum +1.10%
Biggest Losers (Large Caps):
- Sasol -2.83%
- Woolworths -2.02%
- BHP Group -1.88%
- Pepkor -1.67%
- Bid Corporation -1.51%
USA 🇺🇸
Dow Jones -0.27%
S&P500 +0.58%
Nasdaq +1.09%
(Note markets are still open)
Rest of the world
Dax 🇩🇪 -0.08%
CAC 40 🇫🇷 +0.03%
AEX 🇳🇱 -0.63%
Euro Stoxx 50 🇪🇺 -0.10%
Nikkei 225 🇯🇵 -0.33%
Hang Seng 🇭🇰 +0.57%
KOSPI 🇰🇷 -3.59%
Commodities
Gold -0.56%
Silver -1.88%
Platinum -1.29%
Palladium -3.30%
Copper -2.24%
Brent Crude -1.49%
Crude Oil WTI -0.65%
Natural Gas +0.60%
Crypto
Bitcoin +1.03%
Ethereum +1.90%
XRP +2.27%
BNB +0.12%
Omnia Trading Statement $OMN
EPS is expected to increase by between 25% and 35% to between 407 cents and 440 cents from 326 cents for the six months ended 30 September 2025
HEPS expected to increase by between 18% and 28% to between 378 cents and 410 cents from 320 cents for the six months ended 30 September 2025
JSE Midday Brief 🇿🇦
JSE All Share: -0.82%
JSE Top 40: -0.91%
Industrial 25: -0.37%
Financial 15: -0.14%
Resource 10: -2.23%
Mid Cap: -0.41%
Small Caps: -0.41%
Biggest Winners (Large Caps):
- Clicks Group +1.33%
- MTN Group +0.38%
- Bidvest +0.38%
- Richemont +0.35%
- Reinet +0.28%
Biggest Losers (Large Caps):
- Anglogold Ashanti -3.31%
- Northam Platinum -3.19%
- Impala Platinum -2.86%
- Sibanye-Stillwater -2.81%
- Valterra Platinum -2.36%
USDZAR: R16.64
Gold -1.39%
Silver -3.83%
Platinum -2.10%
Palladium -3.46%
Copper -2.98%
Brent Crude +0.76%
Crude Oil WTI +1.02%
JSE Morning Brief 🇿🇦
JSE All Share: -1.16%
JSE Top 40: -1.27%
Industrial 25: -0.48%
Financial 15: -0.42%
Resource 10: -2.95%
Mid Cap: -0.68%
Small Caps: -0.62%
Biggest Winners (Large Caps):
- Clicks Group +0.89%
- Anheuser-Busch InBev +0.51%
- British American Tobacco +0.11%
- Sasol -0.01%
- NEPI Rockcastle -0.07%
Biggest Losers (Large Caps):
- Anglogold Ashanti -4.16%
- Sibanye-Stillwater -4.00%
- Impala Platinum -3.66%
- Pan African Resources -3.27%
- Harmony Gold -3.20%
USDZAR: R16.64
Gold -1.20%
Silver -3.43%
Platinum -1.76%
Palladium -3.25%
Copper -3.05%
Brent Crude +1.45%
Crude Oil WTI +1.25%
South Loses Access To AGOA
🇺🇸 United States plans to terminate 🇿🇦 South Africa’s eligibility for the act effective 1 Jan 2027
TODAY'S MARKET BRIEF
JSE 🇿🇦
JSE All Share: +1.77%
JSE Top 40: +2.04%
Industrial 25: +2.23%
Financial 15: +0.68%
Resource 10: +3.11%
Mid Cap: +0.41%
Small Caps: -0.31%
USDZAR: R16.58
Biggest Winners (Large Caps):
- MTN Group +7.41%
- Gold Fields +5.87%
- Impala Platinum +4.47%
- Harmony Gold +4.10%
- Anglogold Ashanti +3.86%
Biggest Losers (Large Caps):
- Sasol -5.61%
- Discovery -0.86%
- Investec PLC -0.54%
- Investec Ltd -0.46%
- Shoprite -0.44%
USA 🇺🇸
Dow Jones +0.98%
S&P500 +0.73%
Nasdaq +0.95%
(Note markets are still open)
Rest of the world
Dax 🇩🇪 +0.64%
CAC 40 🇫🇷 +0.99%
AEX 🇳🇱 -0.02%
Euro Stoxx 50 🇪🇺 +0.78%
Nikkei 225 🇯🇵 -0.33%
Hang Seng 🇭🇰 +0.42%
KOSPI 🇰🇷 +2.24%
Commodities
Gold +1.83%
Silver +3.57%
Platinum +1.54%
Palladium -1.49%
Copper +1.43%
Brent Crude -6.40%
Crude Oil WTI -6.43%
Natural Gas +0.38%
Crypto
Bitcoin -0.94%
Ethereum -0.01%
XRP -0.13%
BNB -1.46%
JSE Midday Brief 🇿🇦
JSE All Share: +1.07%
JSE Top 40: +1.18%
Industrial 25: +1.96%
Financial 15: +0.86%
Resource 10: +0.61%
Mid Cap: +0.43%
Small Caps: +0.25%
Biggest Winners (Large Caps):
- MTN Group +6.71%
- Growthpoint Properties +2.83%
- Anheuser-Busch InBev +2.46%
- Clicks Group +2.38%
- OUTsurance +2.18%
Biggest Losers (Large Caps):
- Sasol -4.23%
- Glencore -0.45%
- ABSA Group -0.04%
- Discovery +0.18%
- Pan African Resources +0.22%
USDZAR: R16.64
Gold +0.19%
Silver +2.12%
Platinum -0.10%
Palladium -1.29%
Copper +0.69%
Brent Crude -4.24%
Crude Oil WTI -4.18%
Upcoming Ex-Dividend Dates on the JSE this Week
Vunani Ltd
Telemasters Holdings
Equities Property Group
PSG Financial Services
Bytes Technology
Prosus
Purchasing shares on or after Ex-Divi date means you won’t receive that dividend
*Ex-Dividend date: The first trading day on which a share trades without entitlement to the declared dividend
Not financial advice, information purposes only
StockWave retweeted
Who moved the Top 40 in 2026:
Naspers, Gold Fields and Prosus cost 7.6 pp between them.
Sasol’s +173% added just 1.45 pp, because it was only ~1.5% of the index.
A concentrated index means a few names decide your return.
stockwave.co.za coming soon
StockWave retweeted
The JSE Top 40 is down -7.9% this year.
Yet 27 of its 41 shares have beaten it, and the median share is actually up 0.3%.
How does an index fall when most of its shares beat it? 🧵
Note: The following data was calculated in RStudio using quantmod -> yahoo finance
JSE Morning Brief 🇿🇦
JSE All Share: +0.46%
JSE Top 40: +0.50%
Industrial 25: +1.05%
Financial 15: +0.26%
Resource 10: +0.15%
Mid Cap: -0.07%
Small Caps: +0.18%
Biggest Winners (Large Caps):
- MTN Group +4.66%
- Naspers +1.27%
- Woolworths +1.22%
- Valterra Platinum +1.21%
- Growthpoint Properties +1.16%
Biggest Losers (Large Caps):
- Sasol -2.63%
- Glencore -0.74%
- Investec Ltd -0.60%
- Discovery -0.50%
- Bid Corporation -0.45%
USDZAR: R16.65
Gold +0.26%
Silver +2.09%
Platinum -0.36%
Palladium -0.53%
Copper +0.57%
Brent Crude -2.71%
Crude Oil WTI -3.20%
Altron Unaudited Consolidated results for the six months ended 31 August 2026 Summary
🔹 Continuing operations revenue increased by 5% to R5.1 billion from R4.8 billion in HY26
🔹 Continuing operations HEPS increased by 14% to 109 cents from 96 cents in HY26
🔹 Total operations HEPS was 108 cents, up 24%, compared with 14% growth for continuing operations, as HY26 included Nexus within discontinued operations for five months
🔹 Netstar revenue increased 6% to R1.3 billion, with annuity revenue growth partially offset by lower hardware sales
🔹 Platforms annuity revenue increased 11% to R2.2 billion, representing 92% of Platform revenue (HY26: 89%)
🔹 Altron FinTech, the largest contributor to operating profit in HY27, increased operating profit by 17% to R300 million
🔹 Interim ordinary dividend of 55 cents per share, up 15% from 48 cents in HY26, with a pay-out ratio of 50%
🔹 The CEO states the Group has confidence in its medium-term growth prospects and sees attractive opportunities to invest behind Netstar and Altron FinTech
🔹 Cash generated from continuing operations increased 32% to R1.0 billion from R762 million in HY26
🔹 Closing net cash position of more than R800 million, after a R755 million dividend payment in June 2026 for the FY26 final ordinary and special dividends
Invicta Holdings Trading Statement for the six months ended 30 September 2026
🔹 Basic earnings per share expected to be between 213 cents and 227 cents, a decrease of between 15% and 21% from 268 cents for the six months ended 30 September 2025
🔹 HEPS expected to be between 189 cents and 199 cents, a decrease of between 25% and 29% from 265 cents for the six months ended 30 September 2025
🔹 The Group states that it has continued to operate in a challenging macroeconomic environment across its markets
🔹 Management states that it has already implemented a number of measures in response to the decline in earnings and operational performance
🔹 Management expects the full benefits of these initiatives to become evident in the next financial year
🔹 The financial information on which the trading statement is based has not been reviewed or reported on by the external auditors
🔹 The Company expects to publish its interim financial results for the six months ended 30 September 2026 on or about 23 November 2026
Best & Worst Performers JSE TOP 40 2026
Top Performers
1️⃣ Sasol +176.30%
2️⃣ Aspen Pharmacare +39.29%
3️⃣ BHP Group +29.56%
4️⃣ Anheuser-Busch InBev +27.17%
5️⃣ Shoprite +25.74%
6️⃣ Glencore +25.34%
7️⃣ OUTsurance +22.36%
8️⃣ Discovery +21.93%
9️⃣ Anglo American +19.68%
🔟 MTN Group +16.77%
Worst Performers
1️⃣ Sibanye-Stillwater -41.19%
2️⃣ Impala Platinum -39.20%
3️⃣ Prosus -39.14%
4️⃣ Naspers -38.96%
5️⃣ Clicks Group -36.14%
6️⃣ Northam Platinum -34.27%
7️⃣ Pepkor -31.33%
8️⃣ Valterra Platinum -25.52%
9️⃣ Harmony Gold -24.45%
🔟 Gold Fields -23.10%
StockWave retweeted
Exactly it. Naspers started the year at 11% of the Top 40 and is down 39%, costing more than the top six gainers added. Concentration risk is real, and equal weight tells the true story.
Add up every share’s contribution, weighted by its size at the time:
📉 Fallers knocked 14.4 pp off the index
📈 Gainers added back 6.2 pp
Naspers alone cost 4.3 pp, more than the top 6 contributors added combined.
Who moved the Top 40 in 2026:
Naspers, Gold Fields and Prosus cost 7.6 pp between them.
Sasol’s +173% added just 1.45 pp, because it was only ~1.5% of the index.
A concentrated index means a few names decide your return.
stockwave.co.za coming soon