SA stocks are having their strongest third quarter for 11 years, and investors see the gains extending. The FTSE/JSE Africa All Share Index is up around 10% over the three months, notching 13 record closing highs in the process and outpacing a rally in MSCI’s gauge of emerging-market equities. Peter Takaendesa, Head: Equities at Mergence Investment Managers, says that the start of the global interest rate cutting cycle is a welcome relief and that Mergence are continuing to find good valuation support for a number of high-quality companies.
Are the Magnificent Seven losing their shine?
The Magnificent Seven are the group of mega cap stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, Tesla – that