Thursday | 16 July 2026
Quick view | Selected indices
Cumulative returns
Indicators
CLOSING
1D%
1M%
6M%
YTD%
1Y%
5Y%
All Share
110,288.7
-0.26%
-4.56%
-8.75%
-4.79%
13.68%
63.30%
Top 40
102,003.8
-0.21%
-5.15%
-9.80%
-5.53%
14.22%
66.02%
Financial 15
25,948.9
-0.26%
-0.97%
3.35%
4.33%
25.26%
102.44%
Industrial 25
132,504.0
2.00%
0.89%
-4.78%
-4.36%
-2.97%
51.04%
Resource 10
103,161.5
-2.80%
-14.85%
-26.01%
-16.57%
28.56%
53.69%
Mid Cap
104,835.0
-0.28%
-2.44%
-12.30%
-7.63%
6.76%
41.67%
Small Cap
108,762.6
-0.65%
-0.99%
-1.14%
0.75%
16.61%
94.21%
ALBI
1,431.1
0.06%
1.14%
4.05%
3.74%
20.43%
79.99%
STeFI
662.7
0.02%
0.55%
3.35%
3.64%
7.05%
39.87%
Discovery funds | Selected funds
Annualised returns
1Y%
3Y%
5Y%
Expected corporate releases | Selected items
CODE
TYPE
DATE
Visual International
VIS
Final
16 Jul
Numeral
XII
Quarterly
17 Jul
Karooooo
KRO
Quarterly
20 Jul
2025 vs 2026
5-year normalised % performances
Equities | JSE All Share companies
Cumulative returns
Best one-day % performance
CLOSE
1D%
YTD%
1Y%
Compagnie Fin Richemont CFR
396600
7.42%
9.35%
20.46%
Naspers Ltd -N- NPN
89036
4.88%
-19.39%
-19.72%
Prosus N.V. PRX
77357
4.61%
-24.42%
-23.56%
Clicks Group Ltd CLS
22531
3.36%
-33.06%
-37.82%
We Buy Cars Hlds Ltd WBC
3376
3.18%
-29.42%
-42.24%
Worst one-day % performance
CLOSE
1D%
YTD%
1Y%
Premier Group Limited PMR
18340
-6.33%
9.39%
34.94%
Karooooo Ltd KRO
92000
-5.64%
17.57%
0.66%
Valterra Platinum Ltd VAL
106979
-4.67%
-24.10%
24.39%
KAP Limited KAP
270
-4.59%
40.62%
51.69%
Famous Brands Ltd FBR
5610
-4.56%
4.90%
-7.62%
Market update | Selected headlines
South African equities closed slightly lower, with the JSE All Share falling 0.26% to 110,288.71 points and the Top 40 easing 0.21% to 102,003.83. Mining production declined 5.4% year on year in May, reversing April’s 8% increase and marking the first contraction in six months. With limited domestic data ahead, the rand remains sensitive to US releases and global risk appetite. Governance concerns intensified after the FSCA opened an investigation into the Public Investment Corporation’s leadership, transparency and oversight.
Oil prices rose for a fourth consecutive session as renewed US strikes on Iranian military sites heightened fears of regional escalation and supply disruption. The Strait of Hormuz remains central to the risk premium, while potential Houthi action near the Bab el-Mandeb could threaten another major shipping route. Goldman Sachs said Brent could exceed US$110 if Gulf exports recover slowly. US crude inventories fell by 1.7 million barrels, while gold pared losses after softer producer inflation and persistent geopolitical uncertainty.
The rand traded unchanged as investors assessed US inflation data and the Federal Reserve’s policy outlook. Sterling strengthened against the dollar and euro amid expectations that Andy Burnham would appoint a fiscally conservative finance minister. The dollar index hovered near a one-month low at 100.47 after softer US inflation reduced expectations of near-term tightening. June producer prices recorded their steepest fall in 14 months, although escalating Middle East tensions continue to threaten energy prices, inflation and the global policy outlook.
Normalised % performances comparison
In the news | Selected items
Richemont reported a strong first quarter to 30 June 2026, with sales increasing 20% at constant exchange rates and 17% on a reported basis to EUR 6.3 billion. Jewellery Maisons led growth with a 24% advance, while Specialist Watchmakers rose 8% and the Other division gained 9%. Momentum was broad-based, with double-digit expansion across the Americas, Asia Pacific, Japan and Europe, alongside renewed growth in the Middle East and Africa. Retail sales climbed 24%, reinforcing direct-to-consumer strength. Despite elevated input costs and geopolitical uncertainty, continued investment is supported by EUR 9.1 billion in net cash and Avolta disposal proceeds.
Supermarket Income REIT has agreed to acquire three established UK supermarkets for £118 million, representing an average net initial yield of 6.9%, with completion expected in September 2026. The portfolio includes a Sainsbury’s store in Manchester and Tesco properties in Edinburgh and Halifax, all secured by triple-net leases with inflation-linked, investment-grade income. The assets offer a weighted average unexpired lease term of eight years and average rents of £34 per square foot. Management sees potential to enhance returns through future lease regears. The transaction expands the REIT’s defensive grocery exposure and reinforces its specialist position within UK food retail property.
Quick view | Selected indices
Cumulative returns
Indicators
CLOSING
1D%
1M%
6M%
YTD%
1Y%
5Y%
S&P 500
7,572.40
0.38%
0.24%
9.04%
10.62%
21.28%
73.68%
Eurostoxx 50
6,272.70
-0.25%
0.86%
3.48%
8.31%
17.07%
54.62%
FTSE
10,515.92
-0.13%
0.82%
2.71%
5.89%
17.65%
49.97%
Nikkei 225
68,751.51
1.49%
-0.82%
27.06%
36.58%
73.27%
143.12%
Brent Crude
85.64
0.35%
2.59%
34.19%
40.60%
24.35%
16.95%
Gold
4,060.51
0.19%
-5.77%
-12.04%
-5.97%
22.14%
121.95%
Bitcoin
65,323.50
0.89%
-2.22%
-32.00%
-25.90%
-44.29%
105.89%
Ethereum
1,935.82
2.78%
5.80%
-41.63%
-35.36%
-35.99%
0.59%
Discovery funds | Selected funds
Annualised returns
1Y%
3Y%
5Y%
In the news | Selected items
Morgan Stanley exceeded second-quarter expectations as strong dealmaking and trading activity lifted net revenue to US$21.35 billion. Net income rose to US$5.58 billion, or US$3.46 per share, ahead of consensus forecasts. Investment banking revenue increased 58% to US$2.44 billion, supported by merger advisory, IPO underwriting and equity issuance. Equities trading revenue surged 69% to a record US$6.3 billion as volatility boosted client activity, particularly in Asia. Wealth management assets reached US$10 trillion, aided by US$148 billion in net new assets. Management remains positive on AI financing, while acknowledging infrastructure constraints, execution risks and potential investment failures.
BlackRock delivered a stronger-than-expected second quarter as market gains and client demand lifted assets under management to a record US$15.34 trillion. Net inflows reached US$192 billion, including US$92 billion into fixed income and US$71.6 billion into equities, with iShares remaining a central growth driver. Adjusted earnings of US$13.91 per share exceeded consensus, while the operating margin expanded to 45.9%, its highest in nearly five years. Private markets attracted US$15.4 billion, led by private credit and infrastructure. Management also increased planned 2026 share repurchases to US$2 billion, signalling confidence in cash generation despite scrutiny of private-credit risks and technology-related borrower disruption.
1-Year performances
5-Year normalised % performances
Interest rates | Selected rates
DATE CHANGED
CURRENT
PREVIOUS
United States
Dec '25
3.50% - 3.75%
3.75% - 4.00%
United Kingdom
Aug '24
4.00%
4.25%
European
Jun '26
2.40%
2.15%
SA Repo Rate
May '26
7.00%
6.75%
SA Prime Rate
May '26
10.50%
10.25%
10-Year bond yields | Selected indicators
YIELD %
ONE DAY
ONE MONTH
ONE YEAR
4.56%%
1
12
10
4.94%%
0
15
30
3.12%%
0
19
43
2.68%%
1
5
111
8.53%%
-1
13
-135
Economic calendar | Selected events and releases
Today's events and releases
TIME
PERIOD
EXP.
PREV.
GDP m/m UK
8:00
---
0.00%
-0.10%
Core Retail Sales m/m US
14:30
---
0.00%
0.80%
Philly Fed Manufacturing Index US
14:30
---
1270.00%
1030.00%
Retail Sales m/m US
14:30
---
0.20%
0.90%
Unemployment Claims US
14:30
---
216k
215k
Previous session's released data
TIME
PERIOD
EXP.
PREV.
Industrial Production m/m EU
11:00
---
0.30%
-0.20%
Core PPI m/m US
14:30
---
0.30%
0.20%
PPI m/m US
14:30
---
0.00%
-0.30%
Fed Chairman Warsh Testifies US
16:00
---
---
---
Market update | Selected headlines
European equities ended modestly higher as gains in luxury shares offset weakness across telecommunications and technology. The STOXX 600 rose 0.12% to 642.84 points, supported by Richemont’s 6.68% advance after stronger-than-expected quarterly results. European Central Bank officials remained cautious on inflation but did not signal an imminent rate increase, noting that second-round pressures had yet to emerge. Investors continue to assess oil prices, geopolitical tensions and corporate earnings, while another policy move later this year remains possible for the region.
Wall Street advanced modestly as softer inflation data and a strong start to second-quarter earnings improved sentiment. Retail and travel shares outperformed, while semiconductor stocks lagged. PayPal surged 17.2% following reports of a US$60.50-per-share takeover proposal from Stripe and Advent International. BlackRock and Morgan Stanley also exceeded profit expectations, supporting confidence in earnings growth. Cooler producer inflation reduced immediate pressure on the Federal Reserve to tighten policy, although elevated energy costs and geopolitical risks remain important market concerns for investors.
Asian equities weakened as semiconductor shares retreated ahead of TSMC’s results, while bonds gained on softer US inflation. The Bank of Korea raised its benchmark rate by 25 basis points to 2.75%, citing stronger growth, persistent inflation and financial-stability risks. TSMC was expected to deliver another record quarter, supported by demand for advanced AI chips and packaging. Rio Tinto reported stronger-than-expected iron ore sales, although higher fuel costs and challenging second-half production targets tempered the operational performance across the region.
Normalised % performances comparison