BTCC
/
BTCC Square
/
Global Cryptocurrency
/
JSE Price Slips 0.12%—Banks Drag, Top 40 & Gold Stocks Shine
JSE Price Slips 0.12%—Banks Drag, Top 40 & Gold Stocks Shine
8
1
The JSE FTSE All Share Index fell 0.12% as global macroeconomic uncertainty and recession fears weighed on investor sentiment. South African financial stocks bore the brunt of the sell-off, with Standard Bank plunging 8.48% amid broad sector weakness.
Gold mining stocks emerged as a rare bright spot, attracting safe-haven demand as market volatility persisted. The precious metal’s traditional role as a store of value regained relevance during the risk-off environment.
Notably, the JSE Top 40 Index showed technical resilience, breaking out of a prolonged trading range. This bullish divergence suggests latent recovery potential should macroeconomic headwinds abate.
By:
Previous
Eric Trump Warns Banks Must Adapt to Blockchain or Face Obsolescence
Next
DAX Rally Defies Weak Economic Data Amid Tariff Optimism
