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JSE:FSR 7 March 2026

JSE slides nearly 10% for the week as oil spike and risk-off hits South African stocks

JSE slides nearly 10% for the week as oil spike and risk-off hits South African stocks

The JSE All Share index closed the week down 9.2% after hitting a record high, as global risk aversion and rising oil prices drove investors to the dollar. The rand weakened to 16.72 per dollar and the 2035 bond yield jumped to 8.435%. FirstRand posted an 11% rise in half-year earnings. The JSE publicly censured Mantengu for failing to issue a required cautionary announcement.
7 March 2026
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Stock Market Today

  • US Cooler Weather Forecasts Boost Natural Gas Prices Amid Global Supply Concerns
    March 28, 2026, 1:09 AM EDT. April Nymex natural gas prices rose 3.2% to close higher on Friday, driven by cooler US weather forecasts that could increase heating demand. The Commodity Weather Group noted a colder shift despite above-average temperatures across most of the US through March. The April contract expiration also spurred price gains. Prices received medium-term support from tightened global supplies after Qatar reported damage to its Ras Laffan LNG plant, cutting 17% of its export capacity. The closure of the Strait of Hormuz due to Iran conflict further constrained supplies to Europe and Asia. US natural gas production remains near record highs, with drilling active but slightly reduced recently, while inventories fell more than expected, signaling strong demand. Electricity output gains in the US also underpin gas demand. Overall, market dynamics reflect balancing factors between supply disruptions and robust domestic production projections.
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