Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » South African equities react to inflation data, rand stable

    South African equities react to inflation data, rand stable

    January 23, 2025
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Johannesburg Stock Exchange building.

    Johannesburg — South African equities are likely to experience another volatile session following the release of inflation data, as traders react to new economic indicators.

    The JSE FTSE All Share Index fell by nearly a quarter of a percent, reflecting investors’ caution and some profit-taking after several days of gains.

    The retail trade, producer manufacturing, and transportation sectors were the biggest losers, down 1.73%, 1.21%, and 1.01%, respectively, weighing on the market.

    On the other hand, the communications, healthcare, and industrial services sectors helped support the market, rising 2.11%, 0.95%, and 0.85%, respectively.

    The South African rand remained stable after inflation data showed a slight increase to 3.0% year-on-year in December, up from 2.9% in November. A stable currency could be favorable for South African stocks and could help attract foreign investors.

    Retail sales in November saw a significant increase, helped by interest rate cuts, declining inflation, and pension reforms, which could benefit South African equities, particularly in the retail sector.

    Inflation is expected to stay below the central bank’s 4.5% target throughout 2025, offering a positive outlook for stocks due to reduced concerns about a potentially tighter monetary policy.

    In this regard, long-term government bonds yields remained on a downtrend overall and could continue to support the stock market if they continue to slide.

    *Daniel Wesonga, Senior Sales Manager at Pepperstone

    Related News

    AfDB cuts Africa’s 2025 growth forecast on trade tariffs uncertainty

    Nigerian equities rise as export competitiveness and investor sentiment improve

    Gold rallies on US fiscal worries and China demand

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Nigeria rallies economic team to counter US 14% tariff threat

    May 28, 2025

    Nigeria targets 12Bcf gas output, eyes top 10 global ranking by 2030

    May 28, 2025

    Nigeria launches trade intelligence tool, air cargo corridor to boost AfCFTA exports

    May 28, 2025

    Nigeria commits N1trn to solid minerals exploration in bold push for global investment

    May 28, 2025

    Tinubu’s faces economic test as ALSCON closure costs hit $8.54bn

    May 28, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.