Daily market 360

Friday | 13 November 2026

Quick view | Selected indices

Cumulative returns

Indicators

CLOSING

1D%

1M%

6M%

YTD%

1Y%

5Y%

All Share

112,894.9

 

-0.49%

3.80%

-3.31%

-2.54%

-0.01%

61.46%

Top 40

104,981.3

 

-0.55%

3.98%

-3.74%

-2.78%

-0.47%

65.94%

Financial 15

26,812.8

 

0.37%

9.03%

7.66%

7.80%

14.29%

92.08%

Industrial 25

127,641.0

 

-0.31%

7.61%

0.19%

-7.87%

-12.52%

37.32%

Resource 10

113,784.2

 

-1.74%

-4.33%

-16.06%

-7.98%

0.08%

75.88%

Mid Cap

108,291.0

 

0.42%

3.82%

-1.94%

-4.58%

1.08%

38.25%

Small Cap

109,741.8

 

0.15%

2.40%

2.30%

1.66%

5.86%

69.08%

ALBI

1,487.1

 

-0.19%

4.46%

6.79%

7.80%

11.33%

81.00%

STeFI

677.8

 

0.02%

0.59%

3.47%

5.99%

6.96%

41.27%

Discovery funds | Selected funds

Annualised returns

1Y%

3Y%

5Y%

2.57%

13.65%

8.93%

3.86%

13.03%

8.65%

5.49%

12.53%

8.31%

9.16%

10.32%

8.85%

3.03%

16.79%

10.31%

12.36%

25.49%

14.34%

6.90%

7.61%

7.13%

Expected corporate releases | Selected items

CODE

TYPE

DATE

Coronation Fund Managers

CML

Annual

17 Nov

Telkom

TKG

Interim

17 Nov

Astral Foods

ARL

Annual

23 Nov

JSE All Share

2025 vs 2026

Discovery Balanced Fund return

5-year normalised % performances

Equities | JSE All Share companies

Cumulative returns

Best one-day % performance

CLOSE

1D%

YTD%

1Y%

Greencoat Renewables plc GCT

1560

5.69%

13.04%

13.79%

Canal Plus SA CNP

5500

4.98%

57.14%

0.00%

Sappi Ltd SAP

1088

4.02%

-55.68%

-52.26%

Aspen Pharmacare Hldgs Ltd APN

17858

3.63%

52.91%

82.77%

Hudaco Industries Ltd HDC

19003

3.28%

-7.30%

-0.36%

Worst one-day % performance

CLOSE

1D%

YTD%

1Y%

Afrimat Limited AFT

3522

-4.86%

-14.45%

-19.16%

Woolworths Holdings Ltd WHL

3620

-4.18%

-35.36%

-37.08%

AngloGold Ashanti plc ANG

147941

-3.78%

3.23%

5.74%

Pan African Resource plc PAN

2400

-3.42%

-10.88%

12.46%

Harmony GM Co Ltd HAR

26035

-2.92%

-22.76%

-18.87%

Market update | Selected headlines

A third successive decline left the JSE All Share at 112,894.87 on Thursday, down 0.49%, while the Top 40 shed 0.55% to 104,981.31. September mining production contracted 10.7% year on year and mineral sales fell 4.1%, with iron ore among the main sources of weakness. Citrus export volumes also declined as shipping difficulties and weather disrupted activity. President Cyril Ramaphosa’s forthcoming Silicon Valley visit will pursue technology investment, while South Africa’s COP31 delegation called for developed countries to fulfil financing commitments.

Gold rose around 0.98% on Friday morning, ending a run of three losing sessions, while oil prices were mixed. Brent and WTI remained on track for weekly losses of 2.4% and 2.5%, respectively, as the US signalled continued reliance on its Iranian blockade. Reported tanker explosions and Houthi claims of attacks on Saudi infrastructure maintained supply concerns. US crude inventories climbed 4.7 million barrels to 414.4 million, defying expectations of a draw as higher imports and weaker refined-product demand lifted stocks.

Dollar strength left the rand around 1% weaker on Thursday as investors anticipated further Federal Reserve tightening. The dollar index stood at 103.17 on Friday, down 0.05% but close to a 19-month high. The probability of a 50-basis-point December increase reached 14.5%, accompanied by a sharp rise in Treasury yields. Japan’s yen hovered at 159.875 per dollar, bringing intervention risk into focus after briefly reaching 160. Finance Minister Satsuki Katayama said authorities would respond appropriately to volatility in currency markets.

JSE sector breakdown

Normalised % performances comparison

In the news | Selected items

Hosken Consolidated Investments Finalises South African Energy Restructure

HCI has finalised the restructuring of South African oil and gas interests held by Impact Oil and Gas Limited, bringing the agreement announced on 26 May 2026 to completion. The group holds 51.6% of Impact, a UK-based private prospecting company. Parties to the arrangement included Impact, Meren Energy Inc. and HCI’s wholly owned subsidiary Deepkloof Limited. HCI stated that the restructure was completed in accordance with its terms. The announcement covers South African licences and associated assets but supplies no additional valuation, consideration or earnings information. HCI’s share price increased 1.94% during the session, ending at 16,644 cents after trading between 16,529 and 16,661 cents.

Life Healthcare’s Normalised Earnings Show Growth Beneath Disposal Effects

The previous year’s Life Molecular Imaging disposal continues to complicate Life Healthcare’s earnings comparisons, although normalised figures point to underlying growth. For the year ended 30 September 2026, continuing operations’ normalised EPS is forecast to rise 6%–11% to 106.3–111.3 cents. Continuing HEPS should reach 100.7–106.0 cents, below the pro forma comparator by 1%–6%. Total EPS, including discontinued operations, is expected to decline 63%–68%, reflecting the effect of the earlier disposal’s R2.4 billion net gain. Total HEPS should increase 8%–13% against the pro forma base. Annual results are expected around 26 November, with the trading estimates still subject to finalisation and not reviewed by external auditors.

Quick view | Selected indices

Cumulative returns

Indicators

CLOSING

1D%

1M%

6M%

YTD%

1Y%

5Y%

S&P 500

7,592.40

 

-0.35%

-2.75%

2.59%

10.91%

10.82%

62.13%

Eurostoxx 50

6,392.20

 

0.40%

2.99%

10.27%

10.37%

10.45%

46.26%

FTSE

10,863.09

 

0.25%

1.94%

5.82%

9.38%

9.60%

47.84%

Nikkei 225

60,819.36

 

-0.70%

-11.90%

-3.07%

20.82%

19.11%

105.40%

Kospi

5,342.73

 

-0.61%

-16.31%

-30.10%

26.78%

28.73%

79.96%

Brent Crude

95.81

 

3.44%

-9.57%

-10.89%

57.30%

52.76%

16.90%

Silver

50.07

 

-3.11%

-16.99%

-42.16%

-30.06%

-6.00%

97.84%

USDZAR

16.76

 

1.01%

1.34%

1.50%

1.19%

-1.90%

9.23%

GBPZAR

22.20

 

0.74%

1.61%

-0.75%

-0.48%

-1.10%

7.91%

EURZAR

18.53

 

0.69%

0.43%

-4.43%

-4.82%

-6.44%

5.67%

Bitcoin

71,905.18

 

-2.69%

-13.94%

-11.33%

-18.44%

-29.80%

11.94%

Discovery funds | Selected funds

Annualised returns

1Y%

3Y%

5Y%

-2.22%

5.83%

3.13%

-0.36%

13.64%

10.03%

11.35%

14.79%

12.69%

---%

---%

---%

In the news | Selected items

Cisco Raises Revenue Expectations as AI Networking Demand Expands

Cisco increased its annual outlook after demand for AI networking infrastructure helped first-quarter revenue and adjusted profit exceed expectations. Revenue of $18.5 billion surpassed the $18.14 billion consensus, while adjusted EPS reached $1.40 against forecasts of $1.33. The company now expects FY2027 revenue of $74.8–$75.8 billion, compared with $72.2–$73.4 billion previously. Its hyperscaler AI infrastructure revenue forecast increased to $9 billion from $7.5 billion, following $4 billion a year earlier. Profitability remained under pressure from component costs, with adjusted gross margin falling to 65.6% from 68.1%, although matching estimates. Cisco is also developing AI-agent cybersecurity software. Shares were flat in volatile extended trading after gaining approximately 32% through Thursday’s close this year.

Siemens’ Record Order Intake Lifts Growth Ambitions

Record orders and stronger industrial earnings prompted Siemens to lift its medium-term comparable annual revenue growth target to 7%–11%, from 6%–9%. Fourth-quarter industrial profit increased 22% to €3.89 billion, beating the €3.71 billion consensus, while revenue rose 11% to €23.68 billion. Orders climbed 58% to €34.77 billion as large transport contracts and data-centre demand supported activity. Data-centre orders doubled, and related products accounted for €7 billion of the €143 billion backlog. Management remained confident about construction prospects despite scrutiny of AI infrastructure projects. Siemens also outlined a distribution of 34.1% of its Siemens Healthineers stake to shareholders, allocating one Healthineers share for every two Siemens shares under the proposed transfer arrangement.

Rand vs selected majors

1-Year performances

Discovery Global Equity Feeder Fund return

5-Year normalised % performances

Interest rates | Selected rates

DATE CHANGED

CURRENT

PREVIOUS

United States

Sep '26

3.75%–4.00%

3.50%–3.75%

United Kingdom

Nov '26

4.00%

3.75%

European

Sep '26

2.65%

2.40%

SA Repo Rate

Sep '26

7.25%

7.00%

SA Prime Rate

Sep '26

10.75%

10.50%

10-Year bond yields | Selected indicators

YIELD %

ONE DAY

ONE MONTH

ONE YEAR

5.12%%

13.00

-12.00

105.00

5.30%%

8.00

-14.00

90.00

3.34%%

3.00

-13.00

70.00

2.86%%

9.00

-14.00

118.00

8.64%%

3.00

-28.00

4.00

Economic calendar | Selected events and releases

Today's events and releases

TIME

PERIOD

EXP.

PREV.

Flash GDP q/q EU

12:00

---

0.004

0.004

Trade Balance EU

12:00

---

-4.5b

-6.8b

Core PPI m/m US

15:30

---

0.003

0.007

PPI m/m US

15:30

---

0.004

0.013

Previous session's released data

TIME

PERIOD

EXP.

PREV.

Prelim GDP q/q UK

9:00

---

0.007

0.007

Gold Production YoY SA

11:30

---

-0.03

-0.075

Mining Production YoY SA

11:30

---

0.013

-0.107

Unemployment Claims US

15:30

---

194k

200k

Market update | Selected headlines

Earnings supported European shares on Thursday as investors shifted away from AI-linked markets elsewhere. The STOXX 600 closed at 664.01, gaining 0.14% after touching a record 666.58, while the DAX advanced 0.4%. Britain’s economy expanded 0.7% in the third quarter, with services growth countering a contraction in construction. A Reuters survey found unanimous expectations for a December ECB deposit rate of 2.75%. Siemens raised its growth target, while Rolls-Royce announced a £1.5 billion buyback alongside unchanged annual guidance and strong demand.

US shares retreated on Thursday as Nvidia’s leadership upheaval overshadowed energy-sector gains. The stock finished 4.3% lower, having earlier fallen almost 12%, with record opening retail purchases helping narrow losses. Investors scrutinised financing arrangements connecting Nvidia with its customers after CFO Colette Kress replaced Jensen Huang as interim chief executive. Economic releases showed initial jobless claims rising to 200,000 and continuing claims falling to 1.697 million. October existing-home sales sank 5.5% to an annualised 3.75 million units, a more than 16-year low.

Asian equities regained stability on Friday after uncertainty surrounding Nvidia unsettled technology investment sentiment. Energy resilience featured on Japan’s agenda, with Industry Minister Ryosei Akazawa preparing to attend next week’s Asia Zero Emission Community summit in the Philippines. Airlines across the region faced higher exposure to fuel prices as older hedging contracts expired. Replacement cover could lock in elevated costs, with spot jet fuel near $148 a barrel, compared with almost $180 in late October and around $85 before the Iran war.

Selected global indicators

Normalised % performances comparison