South Africa Top 40 Index (SA40) Overview and Market OutlookHello,
The South Africa Top 40 Index (SA40), also known as the JSE Top 40 Index, is a capitalization-weighted index that tracks the performance of the 40 largest companies listed on the Johannesburg Stock Exchange (JSE)—Africa’s largest stock exchange. Despite covering a relatively small number of
About South Africa Top 40 Index
The South Africa Top 40 Index (SA40) is a capitalization-weighted stock index that tracks the performance of the 40 largest companies listed on the Johannesburg Stock Exchange (giving the index its second name of JSE Top 40 Index). JSE is the largest stock exchange in Africa. Though the number of companies within the index is relatively small, together they represent over 80% of the JSE listed companies' market cap. As a result, the JSE Top 40 can give investors a pretty good idea of what's happening on the South African stock market.
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The JSE Top40 Medium-Term ViewThe JSE Top40 is at a point of a relief rally though the bigger picture is that of a yearly decline. So the expectation is that we can rally while expecting price to be capped by the black trendline, we either make it there or we turn down before reaching this point. Longer term I expect price to tr
JSE TOP 40Good Day
We have been tracking bullishness on stock indices closely since September of 2024.
Herewith profits levels on the JSE Top 40 based on yearly pivots.
Should we hit 96200 this year ill close down this position entirely, after take profit 1 should it be taken, trail stops will be implemented
The JSE Top40 Paints a Grim Few Weeks AheadThe JSE Top40 powered above 2 key resistance lines but it quickly reversed course, we call this a false breakout (FBO), such failures usually move violently to the lower side. On the weekly perspective, the share is in week 31 so we are likely going lower than the lower pink support.
After the pink
SA40 Bullish Outlook Good morning,
The J200 looks bullish on the H1 chart, but it is within a consolidation area, so some caution regarding momentum behaviour is needed.
The price has two significant resistance levels: 77302 and one within a resistance zone at 78148.95.
There is also an ABC pattern that does not alig
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current value of South Africa Top 40 Index is 83,413.70 ZAR — it has risen by 0.19% in the past 24 hours. Track the index more closely on the South Africa Top 40 Index chart.
South Africa Top 40 Index reached its highest quote on Apr 25, 2025 — 83,886.04 ZAR. See more data on the South Africa Top 40 Index chart.
The lowest ever quote of South Africa Top 40 Index is 6,725.67 ZAR. It was reached on Apr 30, 2003. See more data on the South Africa Top 40 Index chart.
South Africa Top 40 Index value has increased by 1.07% in the past week, since last month it has shown a 1.34% increase, and over the year it's increased by 21.64%. Keep track of all changes on the South Africa Top 40 Index chart.
The champion of South Africa Top 40 Index is JSE:DSY — it's gained 78.19% over the year.
The weakest component of South Africa Top 40 Index is JSE:SOL — it's lost −51.36% over the year.
South Africa Top 40 Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy South Africa Top 40 Index futures or funds or invest in its components.
The South Africa Top 40 Index is comprised of 41 instruments including JSE:ANH, JSE:BHG, JSE:CFR and others. See the full list of South Africa Top 40 Index components to find more opportunities.