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JSE:MRF 28 February 2026

JSE All Share hits record close in budget week — what to watch when Johannesburg reopens

JSE All Share hits record close in budget week — what to watch when Johannesburg reopens

Johannesburg, Feb 28, 2026, 09:42 SAST — The market is closed. Johannesburg’s FTSE/JSE All Share index wrapped up last week at a new record high, closing Friday at 128,456, up 1.48%. The Top 40 advanced 1.56% to reach 120,296. Resource-heavy stocks powered the move: Sasol surged 16.06% during the session, and Sibanye Stillwater, Harmony Gold, and Impala Platinum all climbed more than 5%.
28 February 2026
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Stock Market Today

  • Palantir (PLTR) up 2.4% on Nvidia AI Deal, Valuation Stays High
    June 29, 2026, 5:52 PM EDT. Palantir Technologies (NASDAQ:PLTR) rose 2.4% to $115.70 after it unveiled an AI partnership with Nvidia (NASDAQ:NVDA) aimed at U.S. government and critical infrastructure. The joint AI solution will run in secure settings. About $5.1 billion worth of shares changed hands, adding nearly $7 billion to Palantir's market cap. Valuation remains steep, with shares trading at 38.9 times the 2026 revenue midpoint of $7.656 billion, leaving not much room on the downside. Palantir's U.S. revenue doubled in Q1, reaching $1.28 billion. Even with stronger growth from government deals and more AI projects, some investors are wary about how expensive the stock is.
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