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Markets

JSE posts best session in months but still trails Nigerian, Kenyan peers in 2026 gains

The JSE All Share Index rose 1.8% on Friday to 117,747.8, its best session in months, but the South African benchmark remains the worst-performing major African market year-to-date at 1.7%, well behind Nigeria's 53.6% and Kenya's 31.8% gains.

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South Africa’s All Share Index closed at 110,826.04 on September 25, with declines across financial, industrial and resource benchmarks.

JOHANNESBURG — South African equities ended lower on Friday, September 25, with the FTSE/JSE All Share Index losing 0.66% to close at 110,826.04, according to historical market data from Investing.com and Sharenet’s daily report.

The Top 40 Index declined 0.65% to 103,152.21. Weakness extended across several major market segments: the Financial 15 fell 0.93%, the Industrial 25 dropped 0.40%, and the Resource 20 slipped 0.53%. Mid-cap and small-cap benchmarks also closed lower.

The session continued a difficult September for the broader benchmark. The All Share had closed at 116,257.26 on August 31, leaving it approximately 4.7% lower by September 25, calculated from Investing.com’s historical closing levels.

The FTSE/JSE All Share, identified by the index code J203, provides broad exposure to eligible ordinary shares on the JSE’s main board. Its composition is governed by market size, free-float and liquidity requirements rather than a fixed number of companies.

Comparisons with Nigeria, Kenya and other African exchanges require a consistent measurement basis. Local-currency price gains, dollar returns and total returns including dividends measure different outcomes. Exchange-rate movements can materially change the return earned by an overseas investor.

A reliable continental ranking therefore requires matching closing dates, the same reporting currency and a consistent treatment of dividends. The figures in the original report do not establish that South Africa was Africa’s worst-performing major equity market.

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