<\/p>\n
The JSE All Share Index climbed close to 4% on Wednesday, closing at 119 166 index points, tracing a broad-based recovery across global markets.<\/p>\n
The rally came amid improving global sentiment, with investors responding to reports of possible peace talks between Iran and the United States.<\/p>\n
Global markets have been on a seesaw ride since the US and Israel launched strikes on Iran at the end of February, leading to sharp volatility across asset classes.<\/p>\n
Oil prices surged in the immediate aftermath, with Brent crude climbing above $100 a barrel and, at one point, reaching levels above $120 amid fears of supply disruptions through the Strait of Hormuz.<\/p>\n
Since then, prices and equities have swung in response to changing headlines signalling either escalation or potential ceasefire agreements.<\/p>\n
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Oil extends decline as Trump says \u2018great progress\u2019 in Iran talks
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Major international indices also moved higher on Wednesday.<\/p>\n
The FTSE 100 and DAX rose about 2%, while France\u2019s CAC 40 gained roughly 3%. In Asia, the Shanghai Composite and Hang Seng were up around 1%, with the Nasdaq Composite and S&P 500 also edging about 1% higher.<\/p>\n
At 6pm, the rand strengthened 1.45% to R16.40 against the US dollar.<\/p>\n
Commodity markets also reacted positively. Gold rose more than 3% to $4 701, extending gains above $4 640 for a second consecutive session.<\/p>\n
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Slightly lower oil prices helped ease inflation concerns, supporting precious metals. At 6pm, Brent crude fell to just above $100 a barrel, down from a recent high of $116 reached a week earlier.<\/p>\n
Mining stocks led the JSE\u2019s gains. Sibanye-Stillwater and Harmony Gold each gained 10%, while Valterra, Impala Platinum and DRDGold jumped about 9%. Gold Fields and Pan African Resources gained roughly 8%.<\/p>\n
All of the top 10 performers on the day were mining stocks.<\/p>\n
On the downside, Sasol fell more than 7%, tracking the decline in oil prices. Coal producers also came under pressure, with Thungela Resources and Exxaro Resources losing around 3%.<\/p>\n
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#JSE #jumps #Iran #deescalation #hopes<\/p>\n","protected":false},"excerpt":{"rendered":"
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