After reaching record levels of above 80 000 points in early January, the local stock market, as represented by the JSE All Share Index (Alsi), declined, probably on the back of South Africa’s load-shedding woes, continuing global inflation worries, and the US and European banking crisis, which, it seems, turned out to be not such a crisis after all.
The stock market fared badly in mid-2022, but made a strong recovery in the 4th quarter. Momentum fizzled out and the market took a dive
