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JSE:GFI 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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Stock Market Today

  • McKesson Stock Seen Undervalued Despite Recent Price Plateau
    April 29, 2026, 6:27 AM EDT. McKesson (MCK) shares hover around $835 after a substantial 343% gain over five years. The stock experienced minor short-term declines, including a 0.9% drop over seven days and is up 1.4% year-to-date. Analysts' Discounted Cash Flow (DCF) models indicate the stock could be undervalued by approximately 45%, with intrinsic value estimated near $1,521 per share. McKesson trades at a price-to-earnings (P/E) ratio of 23.6, slightly below the healthcare sector average of 24.3. The company's steady cash flow and valuation metrics suggest potential investment value despite recent price cooling.

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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

29 April 2026
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.
Ireland Stock Market Today: ISEQ Climbs as Glanbia Surge Offsets Ryanair Warning

Ireland Stock Market Today: ISEQ Climbs as Glanbia Surge Offsets Ryanair Warning

29 April 2026
Glanbia shares jumped 10.84% in Dublin on Wednesday after reporting a 7.2% rise in first-quarter like-for-like revenue, lifting the ISEQ All Share 0.59% to 12,358.83. The ISEQ 20 Capped gained 1.16%, while Ryanair fell 1.04% after CEO Michael O’Leary warned fares may stay flat due to Middle East conflict. The broader STOXX 600 slipped 0.3% as European markets lagged.
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