#south-african-equities

#south-african-equities

The South African stock market opened to the downside as investors reacted to the Federal Reserve's interest rate decision. While the 25-basis-point cut came out as expected and the Fed's projections pointed to more cuts this year, the cautious tone of the Fed Chair had an impact on sentiment and could weigh on risk appetite. A decline in gold prices also weighed on the stock market and could continue to put pressure on the mining sector if corrections persist.

South African equities experienced a notable decline on Friday, with the JSE FTSE All Share Index falling below the critical 100,000-point mark due to fading market momentum.