JSE vs global markets
South Africa is one of the top-performing markets in the world, according to new findings by CNN Money.
Recording overall growth of 9.72% amongst listed companies on the JSE, South Africa ranks 22nd out of 74 countries measured by the group.
Surprisingly, however, South Africa is only the second-best performer on the continent, with Namibia’s stock market delivering returns of 9.58% since January to June 27th, ranking a spot above SA at 21st overall.
Argentina’s market has made the greatest gains, globally, with 46.63% growth during the course of the year, while Hungary (59th) has had the smallest gain of 0.01%.
On the other side of the spectrum, Britain (60th) has made the smallest contraction thus far at 0.03%, while Jamaica has made the biggest loss in the global stage, seeing 12.93% swiped off the market.
Top performing markets
JSE climbs ever higher
The JSE has been on a winning streak over the past few years, seemingly undeterred by social and economic unrest in the South African mining sector.
In afternoon trade on Friday (11 July), the JSE All Share index hit 51,050 points.
This shows continued growth in the index’s record run, having increased almost 30% from the same time in 2013.
JSE 5 year performance
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