---
title: "African Stock Market | South African stock index rose over 1.1%, mining stocks Harmony Gold Mining and Gold Fields failed to follow the performance of gold prices reaching historical highs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/227085674.md"
description: "The South African FTSE/JSE Africa Leading 40 Index rose 1.12% on February 4, closing at 78,342.44 points, close to its historical high. Despite gold prices reaching an all-time high, mining stocks performed unevenly, with Bidvest Group seeing the largest increase of 4.4%. Harmony Gold Mining and Gold Fields failed to follow the rise in gold, increasing by 0.5% and decreasing by 0.35%, respectively. The South African Rand rose more than 0.4% against the US dollar"
datetime: "2025-02-04T15:50:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/227085674.md)
  - [en](https://longbridge.com/en/news/227085674.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/227085674.md)
generator: "portal-rs"
---

# African Stock Market | South African stock index rose over 1.1%, mining stocks Harmony Gold Mining and Gold Fields failed to follow the performance of gold prices reaching historical highs

On Tuesday (February 4), the South African FTSE/JSE Africa Leading 40 Index closed up 1.12% at 78,342.44 points, approaching the closing level of 78,481.18 points on December 13, 2024, and the historical closing high of 79,510.60 points set on September 27 of that year.

As gold prices continue to hit record highs, constituent stocks generally rose, with Bidvest Group (BVT.SJ) up 4.4%, Sibanye Stillwater up 3.57% in second place, mining stocks Glencore (GLN) up 2.88% in fifth place, Anglo American (AGL) up 1.08% performing well, Harmony Gold Mining (HAR) up 0.5% in sixth place from the bottom, Gold Fields (GFI) down 0.35% in sixth place from the bottom, large coal and heavy mineral mining company Exxaro Resources (EXX) down 0.47%, and AngloGold Ashanti (ANG) down 2.45% with the largest decline. Meanwhile, Prosus (PRX) rose 2.74%, and Naspers (NPN) rose 2.69% in eighth place.

The South African Rand has currently risen over 0.4% against the US dollar, refreshing the daily high to 18.6519 Rand

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**