Today: 13 May 2026
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JSE:FSR 7 March 2026 - 29 April 2026

South Africa Stock Market Today: JSE Slips as Rand Wobbles Before Fed Decision

South Africa Stock Market Today: JSE Slips as Rand Wobbles Before Fed Decision

The JSE All Share fell 0.28% and the Top 40 dropped 0.36% by late morning Wednesday as investors reduced risk ahead of the U.S. Federal Reserve decision. The rand weakened to 16.5550 per dollar, pressured by high oil prices and global uncertainty. Richemont, Gold Fields, and AngloGold Ashanti declined, while banks gained modestly. Canal+ confirmed plans to list in Johannesburg on June 3.
29 April 2026
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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

  • Home Builders Q1 Earnings: KB Home and Peers Show Mixed Results Amid Sales Pressure
    May 13, 2026, 2:52 PM EDT. Home builders stocks faced a slower Q1 amid rising interest rates that dampen housing demand. The 11 tracked companies missed revenue estimates by 1.7%, with share prices dropping an average of 6.2% post-earnings. KB Home (NYSE:KBH) reported $1.08 billion in revenue, down 22.6% year-on-year and below estimates. CEO Robert McGibney highlighted strong execution in new community openings but expects peak community counts in Q2. KB Home shares fell 6.9% to $49.31. Taylor Morrison Home (NYSE:TMHC) led the group with a 4.1% beat on revenue expectations despite a 26.8% decline in sales, though its shares still dropped 3.1% to $60. NVR (NYSE:NVR) reported weaker results, missing analyst forecasts. The sector remains highly sensitive to macroeconomic factors, especially interest rates impacting home sales.

Latest articles

Palantir Stock Slides as Zelenskiy Meeting Puts War-AI Bet in Focus

Palantir Stock Slides as Zelenskiy Meeting Puts War-AI Bet in Focus

13 May 2026
Palantir shares fell 4.4% to $129.97 Wednesday as CEO Alex Karp met President Volodymyr Zelenskiy in Kyiv to discuss expanding AI use in Ukraine’s war effort. Kyiv’s Brave1 Dataroom project, launched with Palantir, is training AI models to intercept Russian drones. Russia fired at least 800 drones at Ukraine on Wednesday, killing six. Palantir’s U.S. government and commercial revenue surged in the first quarter.
Why Grab Holdings Stock Is Back Under Pressure After a Big Q1 Beat

Why Grab Holdings Stock Is Back Under Pressure After a Big Q1 Beat

13 May 2026
Grab shares fell 1.1% to $3.60 in New York after first-quarter revenue beat estimates, rising 24% to $955 million. Profit jumped to $120 million from $10 million a year earlier. Investors weighed strong results against Indonesia’s new 8% ride-hailing commission cap. Grab kept its 2026 revenue and adjusted EBITDA outlook unchanged.
SoFi Bought a Key IPO Access Tool. The Stock Is Still Telling a More Cautious Story

SoFi Bought a Key IPO Access Tool. The Stock Is Still Telling a More Cautious Story

13 May 2026
SoFi acquired PrimaryBid’s technology to expand IPO access for retail investors, confirmed by both companies. SoFi shares fell 2.9% to $15.44 after Truist cut its price target, citing concerns over loan and technology platforms. The acquisition follows a drop in technology-platform accounts and comes as SoFi reported strong first-quarter revenue and member growth. Terms of the deal were not disclosed.

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Stock Market Today: Dow Drops as Hot Inflation Data Puts Fed Rate Cuts on Ice

Stock Market Today: Dow Drops as Hot Inflation Data Puts Fed Rate Cuts on Ice

13 May 2026
The U.S. producer price index jumped 1.4% in April, its largest monthly rise since March 2022, pushing the S&P 500 down 0.10% and the Dow off 0.35% late Wednesday morning. The Nasdaq edged up 0.07% as chip stocks rebounded, with the Philadelphia semiconductor index gaining 1.7%. Traders increased bets on no Fed rate cuts this year after the inflation data.
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