Africa Stock Market Closing Report | South African Stock Market Rises Over 1.1%, Precious Metals Mining Stocks Lead

On Thursday (December 11), the South African FTSE/JSE Africa Leading 40 Index closed up 1.13%, above 105,000 points, continuing to rise at 15:00 Beijing time, and after a period of pullback, began to expand gains again at 22:00. Among the constituent stocks, Valterra Platinum rose 4%, due to Impala Platinum Holdings (IMP.SJ) rising 3.77%, Naspers rose 2.47% ranking third, Northam Platinum, Prosus, AngloGold Ashanti (ANG), Gold Fields (GFI), Sibanye Stillwater, and Richemont (CFR) rose between 2.46% and 1.5% to enter the top ten performers, while Pepkor Holdings fell 1.03%, the second largest decline, and Mr Price Group fell 3.95%. The latest data shows that South Africa's business confidence in November reached its strongest level since 2011, largely thanks to the thriving tourism industry