JSE FTSE All Share Index Hits 111,771 — GDP Beats Forecast Boosts ALSI

Quick overview

JSE FTSE ALL SHARE INDEX is showing positive performance. At the time we are writing this article, the index is trading at 111,771 and showing a very small increase of 0.55 percent.

However, the index has received some support from recently released upbeat south african GDP data that show South African economic growth beats forecasts despite the war hit. The South African economy maintained its positive momentum in the first quarter of 2026. On the supply side, the finance, agriculture, trade, and transport sectors provided the most support. On the demand side, support came from lower imports, increased government spending, and rising exports. Hence, tthis is the fourth consecutive quarter that has shown a positive result in South Africa’s GDP report, which makes investors very confident and leaves a positive impact on the JSE FTSE All Share Index.

GDP Shows Positive Growth Signs

After South Africa’s positive GDP report, it can now be said that their economy is gradually improving. According to today’s stats, South Africa showed 0.5% quarter-on-quarter growth in Q1 2026 from January to March, which is better than the experts’ forecast of 0.4%. As a result, experts are also expressing very positive views and they are saying that GDP will grow between 1.5% and 1.6% during the whole of 2026.

However, the reason for this is better electricity supply, improved roads and ports, and some better work by the government, which is making all of this possible. At this time, inflation in South Africa is not rising too much and interest rates are steady. People are being a little careful with spending, but the farming, banking, and trade sectors are performing well. Evidence of this has also been seen in today’s GDP report.

Mining Stocks Help The Index

Moreover, the mining companies are very important for this index because they make up a large portion of the ALSI and have the biggest impact on the movement of the index.

However, the performance of the mining sector is currently mixed. Some gold mining companies are performing well, while a slight decline has been seen in the overall resources sector over the past few weeks. Even so, mining stocks continue to play a major role in moving the index up and down.

On the flip side, the gold price is very important right now. On 9 June 2026, the price of gold is approximately 71,247 ZAR per ounce. When gold prices rise, the profits of mining companies increase and the ALSI index also moves higher. On the other hand, a decline in gold prices puts pressure on the index.

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.

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