---
title: "Africa Stock Market Closing Report | South African stock market fell more than 2%, following the decline in gold prices from their historical highs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/261662343.md"
description: "The South African stock market fell more than 2% at the close on October 17, with the FTSE/JSE Africa Leading 40 Index dropping to 103,500 points, marking its worst single-day performance since April 4. Among the constituent stocks, Sibanye Stillwater fell by 9.80%, Harmony Gold Mining dropped by 9.15%, and Valterra Platinum declined by 8.96%. Nevertheless, British American Tobacco, Anheuser-Busch InBev, and MTN Group rose by 1.01%, 1.66%, and 1.90%, respectively"
datetime: "2025-10-17T15:51:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/261662343.md)
  - [en](https://longbridge.com/en/news/261662343.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/261662343.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/261662343.md) | [繁體中文](https://longbridge.com/zh-HK/news/261662343.md)


# Africa Stock Market Closing Report | South African stock market fell more than 2%, following the decline in gold prices from their historical highs

On Friday (October 17), the South African FTSE/JSE Africa Leading 40 Index closed down 2.20%, marking its worst single-day performance since April 4 (when it fell over 5.35%), dropping below 103,500 points and moving away from its historical closing high, with a cumulative increase of 0.76% for the week.

Component stock Sibanye Stillwater fell 9.80%, Harmony Gold (HAR.SJ) dropped 9.15%, Valterra Platinum fell 8.96%, making it the third largest decline, while Gold Fields (GFI) decreased by 5.93%, ranking among the top declines.

British American Tobacco (BTI) closed up 1.01%, Anheuser-Busch InBev (ANH) rose 1.66%, and MTN Group increased by 1.90%

### Related Stocks

- [Sibanye Stillwater Limited (SBSW.US)](https://longbridge.com/en/quote/SBSW.US.md)
- [Harmony Gold Mining Company Limited (HMY.US)](https://longbridge.com/en/quote/HMY.US.md)

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