Macro Finance
South Africa Stocks Flash Oversold Signal After $97 Billion Rout
Bloomberg Markets·October 1, 2026·1 min read
A near $100 billion rout in September has left South Africa's benchmark stock index at its most oversold level in 17 months, according to a momentum indicator that measures the speed and magnitude of recent price moves. The selloff has raised concerns about the market's near-term outlook.
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