JSE Market Snapshot

Sector rotation, breadth, major movers, macro tape and latest SENS headlines.

Snapshot time

Fri 25 Sep

17:30 SAST

MARKETS CLOSED

mixed

Feeds
Macropartial· 2d ago

1 feed degraded

Mostly previous close

Market read

Market snapshot Closing composite
mixed Previous close closed

JSE market posture

TGA drags Energy lower as sector breadth collapses

Thungela is doing the damage in Energy, down 4.8% and the sector's biggest drag. The breadth is stark: zero advancers against two decliners, so there is no offset anywhere in the sector. Watch whether the selling stays contained to TGA or spreads to the second name.

Bias

Balanced tape

Which way the composite of breadth, price and participation leans right now.
Driver

Cross-currents

The market behaviour contributing most to the current posture.
Conviction

Low conviction

How strongly the composite leans. Strong readings mean the signals agree; low means they conflict.

Read: The market is mixed, so selectivity matters more than blanket direction calls.

Stories

Material SENS

SENS flow

Fresh filings on the wire

10 items
Impact: Market-moving
16:00

BURSTONE GROUP LIMITED - Category 2 Transaction Announcement Launch of South African Funds Management Business

Fresh filing worth checking

Major movers

Major movers

Large caps: the index heavyweights

Top 10 up and down by percentage, with linked SENS catalysts where available.

Leading higher

1
+1.44%

Impala Platinum Hlgs Ltd · R204.4bn

2
+1.07%

Fairvest Limited A · R41.8bn

3
+0.93%

Valterra Platinum Ltd · R362.4bn

4
+0.79%

Mr Price Group Ltd · R41.6bn

5
+0.71%

Glencore plc · R1.39tn

6
+0.66%

Vukile Property Fund Ltd · R35.8bn

7
+0.61%

Boxer Retail Limited · R37.1bn

8
+0.61%

Vodacom Group Ltd · R293.6bn

9
+0.37%

MTN Group Ltd · R362.9bn

10
+0.35%

Tiger Brands Ltd · R40.0bn

Under pressure

1
-4.37%

Pan African Resource plc · R58.8bn

2
-3.92%

Investec plc · R88.4bn

3
-3.77%

Investec Ltd · R38.7bn

4
-3.35%

Primary Health Prop PLC · R52.9bn

5
-2.61%

Karooooo Ltd · R33.7bn

6
-2.52%

NT Madisa · R78.9bn

7
-2.48%

African Rainbow Min Ltd · R33.4bn

8
-2.14%

Shaftesbury Capital plc · R56.4bn

9
-2.01%

Bytes Technology Grp plc · R22.9bn

10
-1.93%

DRD Gold Ltd · R36.4bn

Sectors

Sector leadership

Official index moves by group

10 ranked

Next catalyst

What lands next

The full economic and corporate calendar sits under Full calendar below.

Fri, 25 Sept · Baker Hughes Oil Rig Count SEP/25 (US)

Where that leaves you

The short version

  • Under pressure PAN −4.4% — Pan African Resource plc
  • Working IMP +1.4% — Impala Platinum Hlgs Ltd
  • Sector Communication Services +0.3%
  • Next catalyst Fri, 25 Sept · Baker Hughes Oil Rig Count SEP/25 (US)
  • On the wire BTN — BURSTONE GROUP LIMITED - Category 2 Transaction Announcement Launch of South African Funds Management Business

Snapshot Fri 25 Sep 17:30 SAST.

Cross-asset tape

Macro tells you what kind of move this is

JSE snapshot Fri 17:30 · Macro updated just now

ZAR & Rates

Commodities

Global FX

Rates & Volatility

JSE Indices

JSE Sectors

Read-through to JSE

  • Rand stronger ↑ Consumer Cyclical, Consumer Defensive↓ Basic Materials, Healthcare
  • Brent lower ↑ Industrials, Consumer Cyclical↓ Energy
  • Gold higher (gold miners)↑ Basic Materials
  • Platinum higher (PGM)↑ Basic Materials

What's moving the JSE

SOL

Sasol Limited

231.00

Reacting to Brent lower

VAL

Valterra Platinum Ltd

+0.93% 131,717.00

Reacting to Platinum higher

IMP

Impala Platinum Hlgs Ltd

+1.44% 20,160.00

Reacting to Platinum higher

SSW

Sibanye Stillwater Ltd

43.16

Reacting to Platinum higher

NPH

Northam Platinum Hldgs Ltd

266.43

Reacting to Platinum higher

Rand strongerrand-hedge tiltBritish American Tob plc, Anglo American plc, BHP Group Limited, Glencore plc, AngloGold Ashanti plc, Gold Fields Ltd, Valterra Platinum Ltd, Impala Platinum Hlgs Ltd, Sibanye Stillwater Ltd, Sasol Limited, Thungela Resources Ltd

Market internals

What the whole board is doing

Participation, extremes and momentum across every covered JSE name — not just the index.

Trend participation

How many JSE names sit above their own moving average.

Above 50-day 41.7%

Majority below108 of 259 covered

Above 200-day 41.5%

Majority below107 of 258 covered

52-week extremes

Names sitting within 1% of their 52-week high or low, priced 2026-09-25.

3 at highs 185 in between 18 at lows

21 of 206 names (10%) sit at an extreme, tilted to lows.

At 52-week highs

  • ACSat the level
  • MKRat the level
  • SHP0.86% away

At 52-week lows

  • KIOat the level
  • ISOat the level
  • TFGat the level
  • BLUat the level
  • AXXat the level

206 names counted. 49 excluded — no trade on 2026-09-25, so their last close cannot confirm a new extreme.

Momentum spread

Where 235 names sit on 14-day RSI — stretched, or with room.

Oversold ≤30 · 7Neutral · 223Overbought ≥70 · 5

Little of the board is stretched — 12 of 235 names sit outside 30–70.

Unusual volume

Turnover against each name's own 20-day average, 2026-09-25.

  • CNP5.9× -8.6%
  • KRO4.2× +0.0%
  • MSP3.4× +2.4%
  • SDO2.6× -0.7%
  • SHC2.3× +0.6%

Breadth

Market internals

What's actually driving the tape

Full universe · 158 names

Broad pullback — weakness is spread across the market.

Who's carrying the market

Net -0.55 cap-weighted · proxy

▲ Pulling up

GLN
+0.71%
ANH
+0.16%
VAL
+0.93%
IMP
+1.44%
VOD
+0.61%

▼ Dragging down

BHG
-0.98%
BTI
-0.82%
GFI
-1.79%
INL
-3.77%
ANG
-1.15%

Breadth

advancers vs decliners
All names · 158 names
26% up
41 up109 down8 flat

Breadth by size

typical move, advancers vs decliners
large cap · 74 names
-0.70% median
15 up59 downavg -0.83%
mid cap · 54 names
-0.46% median
13 up37 downavg -0.41%
small cap · 30 names
+0.00% median
13 up13 downavg +0.20%

Participation

volume traded up vs down
28%
72%
Down-volume dominates0.38× up/down volume

Full universe · 158 names · cap data on 158 · sector on 158 · 0 unclassified

Positioning

ETFs, ratings and open interest

Where ETF performance, analyst consensus and derivative exposure sit.

ETF movers

Biggest moves across 92 JSE-listed ETFs. 230 ETNs and managed certificates excluded — they are not ETFs.

Leading

  • ETFRHO +4.05%

    1nvest Rhodium

    low

  • FNBINF +1.73%

    FNB Government Inflation-Linked Bond

    TER 0.21% · TFSA · high

  • ETFGRE +1.15%

    1nvest Global REIT Index STANLIB Feeder

    TER 0.23% · TFSA · low

Lagging

  • SYGCN -2.49%

    Sygnia Itrix MSCI China Feeder

    TER 0.51% · TFSA · low

  • RWDVF -1.91%

    Reitway Global Property Diversified Prescient ETF

    TER 1.22% · TFSA · low

  • STXCHN -1.91%

    Satrix MSCI China Feeder

    TER 0.51% · TFSA · medium

Consensus grade changes

Aggregate analyst grade moves. Most recent 22 Sep.

  • REMBuyBuyUpgrade22 Sep
  • SUIStrong BuyBuyDowngrade16 Sep
  • OPABuyBuyUpgrade16 Sep
  • ATTHoldBuyUpgrade14 Sep
  • HYPStrong BuyBuyDowngrade10 Sep
  • EQUBuyBuyUpgrade28 Aug
  • LTEBuyBuyUpgrade25 Aug
  • FFBBuyStrong BuyUpgrade24 Aug

Derivative open interest

Largest open positions across 402 underlyings, from 7,886 contract series in the 4 Sep report.

  • HYGI2.26m
  • BLU1.85m
  • SPYQ1.63m
  • BSK151988k
  • AGGGI753k
  • OMU737k

Open interest is contracts still outstanding, not today's trading. The JSE publishes it the following day.

Treemap

Market Heatmap

JSE All Share Index · 115 stocks · Delayed 15 min
··

Pulse signals

What is driving the pulse

Signal breakdown

-0.02

Index direction

JSE All Share intraday move

-0.22

Breadth

Advancers vs decliners ratio

-0.43

Participation

How many sectors are moving together

+0.80

Macro tone

Rand, gold, Brent, and bond direction

+0.15

Mover concentration

Top 10 movers vs the rest of the tape

+0.05

Volume

Turnover relative to 20-day average

-0.17

Event risk

Calendar catalysts priced into the session

+0.00

Global Markets

Global indices

as of close

Crypto

Digital assets · 24h

as of close

Recent changes

Event radar

Full calendar

Economic releases and corporate dates in the same scan.

Economic Events

CN•Industrial Profits (YTD) YoY AUG Pending
US•3-Month Bill Auction Pending
US•6-Month Bill Auction Pending
US•Dallas Fed Manufacturing Index SEP Pending
ZA•182-Day T-Bill Auction Pending
ZA•273-Day T-Bill Auction Pending
ZA•364-Day T-Bill Auction Pending
ZA•91-Day T-Bill Auction Pending

Corporate Calendar

Mon 28 BEL BELL EQUIPMENT LIMITED Dividends-PAY
Mon 28 BID BID CORPORATION LTD Dividends-PAY
Mon 28 CSB CASHBUILD LIMITED Dividends-PAY
Mon 28 CFR COMPAGNIE FIN RICHEMONT Dividends-PAY
Mon 28 DSBP DISCOVERY HLDGS LTD B PREF Dividends-PAY
Mon 28 IMP IMPALA PLATINUM HOLDINGS LIMITED Dividends-PAY
Mon 28 PMV PRIMESERV GROUP LIMITED Dividends-PAY
Mon 28 SNT SANTAM LTD Dividends-PAY
Mon 28 SHP SHOPRITE HOLDINGS LIMITED Dividends-PAY
Mon 28 SUI SUN INTERNATIONAL LTD Dividends-PAY
Mon 28 BVT THE BIDVEST GROUP LIMITED Dividends-PAY
Mon 28 WHL WOOLWORTHS HOLDINGS LIMITED Dividends-PAY

Market news

Macro and company headlines

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