Market Update: Friday 14 February 2026
Happy Valentine’s Day! Here’s your daily snapshot of the South African markets.
JSE All Share Index
The JSE All Share Index closed at 120,584 points on Thursday, down 1.33% (-1,629 points) from the previous session. Despite this pullback, the index remains 35.9% higher than this time last year — a strong indicator of market resilience.
Gold Performance
Gold continued its impressive run, trading at $5,043.92 per ounce, up 2.48% (+$122.01) for the session. Over the past 12 months, gold has surged an remarkable 75% — reinforcing its role as a safe-haven asset during times of global uncertainty.
Rand Strengthens Slightly
The South African Rand traded at R15.93 per US Dollar, gaining 0.10% against the greenback. The Rand has strengthened 2.84% over the past month and is 13% stronger than a year ago — positive news for importers and those with foreign currency obligations.
Oil Markets
Brent crude held steady at $67.60 per barrel. The International Energy Agency maintains that oil markets face an oversupply situation through 2026, which could keep fuel prices relatively stable.
Economic Indicators
- Inflation: 3.6% (December 2025)
- Interest Rate: 6.75% (unchanged)
- Unemployment: 31.9%
What This Means for Your Investments
While short-term market volatility is normal, the longer-term picture remains encouraging. The JSE’s strong year-over-year performance, combined with gold’s continued rally, highlights the importance of a diversified investment approach.
A well-structured portfolio balances growth assets with protective elements — exactly what we help our clients achieve at Old Mutual Secunda.
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