Last week, South African equities advanced, with the JSE FTSE Top 40 Index closing 0.19% higher. Positive performance was recorded across 14 out of 20 sectors, led by electronic technology, transportation, and industrial services. Major companies like Naspers and banks such as Firstrand and Capitec contributed to market gains. The South African government's trade negotiations with the U.S. to revisit tariffs have heightened market uncertainty, while the strengthening trade relationship with India serves as a counterbalance, enhancing South Africa's economic outlook and diversifying trading partners.
South African equities continue to gain traction, backed by positive sector performances and support from notable companies amidst ongoing trade negotiations with the U.S. and growing ties with India.
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