JSE in the red for 2023 – but a comeback is not ruled out | Business

The JSE is in weaker territory, but could still experience some upside in the months leading to December.

After a strong rally to record levels earlier this year, the JSE All-Share Index has had all its gains wiped out and is trading around 2% lower than at the start of 2023.

This is largely due to large losses in the resource sector, with Sanlam Private Wealth portfolio manager Nick Kunze highlighting the “biggest laggards this year being all the stuff you dig out of the ground”.