Stock Trading: JSE Jumps 555 Points as Ceasefire Calms Global Markets

The JSE FTSE All Share Index gained 555.62 points (+0.58%) to close at 96,442.65 ZAR on Wednesday after a ceasefire between Israel and Iran.

Written by: Arslan Butt • Wednesday, June 25, 2025 • 2 min read

• Last updated: Wednesday, June 25, 2025

Quick overview

The JSE FTSE All Share Index rose by 555.62 points (+0.58%) following a ceasefire between Israel and Iran, prompting a global risk-on sentiment.
Traders are cautiously optimistic as they await key economic data on PPI and FDI, which will influence medium-term stock trading strategies.
The rand strengthened slightly amid improved global risk sentiment, while SA’s 2035 bond yield increased ahead of domestic data releases.
The JSE Top 40 Index is at a critical juncture, with potential bearish signals if it breaks below key support levels.

The JSE FTSE All Share Index gained 555.62 points (+0.58%) to close at 96,442.65 ZAR on Wednesday after a ceasefire between Israel and Iran. This geopolitical development led to a risk-on move globally and investors returning to the stock market and reducing demand for safe-haven assets.

South African equities followed global indices and most major listings. However, the move was cautious as traders wait for Thursday’s key data including the PPI and the SARB’s quarterly bulletin. These will give insight into inflation and FDI which are critical for medium term stock trading strategies.

Gold is trading around $3,325 per ounce and investor appetite for risk is starting to edge out defensive hedging.

Rand and Bonds Reflect Global Sentiment

The rand firmed slightly as global risk sentiment improved. Local drivers are limited so traders are looking to external cues.

SA’s 2035 bond yield rose 0.5bps to 9.955% as the market is holding ahead of domestic data.

Key events for traders:

Thursday’s PPI release for inflation guidance
Reserve Bank bulletin on FDI inflows
Fed Chair Powell’s comments on interest rate outlook

Fed Chair Jerome Powell was cautious in his testimony and said it’s “too early” for a rate cut. This weighed on sentiment and limited the upside for global equities.

Technical Setup: JSE Top 40 at Crossroads

From a stock trading perspective the JSE Top 40 Index (J200) is at a crossroads. Price action rejected resistance at 88,839 the top of the symmetrical triangle that has been forming since early June.

JSE Price Chart - Source: Tradingview — JSE Price Chart – Source: Tradingview

The current price at 87,690 is testing the rising trendline and the 50-EMA at 87,581. A break below here could be bearish.

Short Trade Setup:
- Entry: Below 87,580 on confirmed 4H close
- Targets: 86,450 and 85,654
- Stop-Loss: Above 88,000
Bullish Rebound Scenario:
- Look for a bullish engulfing or hammer candle at 87,580 * Upside retest of 88,839 if MACD confirms

MACD is weakening so traders should be prepared for a break or reversal as stock trading squeezes into the triangle.

Conclusion:

The 555 point gain is a big bounce back to stock trading but with Powell’s comments and local data ahead the next move will be driven by technicals and macro.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.