---
title: "Africa Stock Market Closing Report | South African stock market closed down about 2%, Harmony fell about 11.1%, leading the decline in gold and silver mining stocks"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278754182.md"
description: "On Wednesday (March 11), the South African stock market fell by about 2%, with the FTSE/JSE Africa Top 40 Index dropping 1.99%, approaching 109,500 points. Harmony Gold had the largest decline, around 11.1%, while other gold and silver mining stocks also generally fell. The Mauritius Stock Exchange SEMDEX Index rose slightly by 0.02%, the Nigerian Stock Exchange fell by 0.09%, while the Nairobi Stock Exchange in Kenya increased by 0.73%"
datetime: "2026-03-11T16:27:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278754182.md)
  - [en](https://longbridge.com/en/news/278754182.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278754182.md)
---

# Africa Stock Market Closing Report | South African stock market closed down about 2%, Harmony fell about 11.1%, leading the decline in gold and silver mining stocks

On Wednesday (March 11), the South African FTSE/JSE Africa Leading 40 Index closed down 1.99%, approaching 109,500 points.

Most constituent stocks fell, with Harmony Gold (HAR.SJ) down 11.07%, Gold Fields (GFI) down 5.74%, Sibanye Stillwater down 4.96%, Valterra Platinum down 4.38%, Anglo American (ANG) down 3.73%, Northam Platinum down 3.22% ranking sixth in decline, while Anglo American (AGL) rose 0.97% ranking third, Sasol (SOL) rose 4.63%, and OUTsurance Group rose 4.87%.

The Mauritius Stock Exchange SEMDEX Index rose 0.02%, the Nigerian Stock Exchange All Share Index fell 0.09%, and the Nairobi Stock Exchange All Share Index in Kenya rose 0.73%

### Related Stocks

- [HMY.US](https://longbridge.com/en/quote/HMY.US.md)
- [GOLD.US](https://longbridge.com/en/quote/GOLD.US.md)
- [600547.CN](https://longbridge.com/en/quote/600547.CN.md)
- [600489.CN](https://longbridge.com/en/quote/600489.CN.md)
- [KGC.US](https://longbridge.com/en/quote/KGC.US.md)
- [NEM.US](https://longbridge.com/en/quote/NEM.US.md)
- [AEM.US](https://longbridge.com/en/quote/AEM.US.md)
- [518880.CN](https://longbridge.com/en/quote/518880.CN.md)
- [SGDJ.US](https://longbridge.com/en/quote/SGDJ.US.md)
- [GDXW.US](https://longbridge.com/en/quote/GDXW.US.md)
- [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md)
- [GDX.US](https://longbridge.com/en/quote/GDX.US.md)
- [JNUG.US](https://longbridge.com/en/quote/JNUG.US.md)
- [GDXY.US](https://longbridge.com/en/quote/GDXY.US.md)
- [NUGT.US](https://longbridge.com/en/quote/NUGT.US.md)
- [IAU.US](https://longbridge.com/en/quote/IAU.US.md)
- [518850.CN](https://longbridge.com/en/quote/518850.CN.md)
- [02824.HK](https://longbridge.com/en/quote/02824.HK.md)
- [SGDM.US](https://longbridge.com/en/quote/SGDM.US.md)
- [XME.US](https://longbridge.com/en/quote/XME.US.md)
- [82824.HK](https://longbridge.com/en/quote/82824.HK.md)
- [GLD.US](https://longbridge.com/en/quote/GLD.US.md)
- [RING.US](https://longbridge.com/en/quote/RING.US.md)

## Related News & Research

- [Torex Gold Reports Q1 2026 Production Results | TORXF Stock News](https://longbridge.com/en/news/282254708.md)
- [Center For Asset Management LLC Invests $1.60 Million in Newmont Corporation $NEM](https://longbridge.com/en/news/282003784.md)
- [Kalo Gold Confirms Vertically Continuous Gold System and Flags High-Priority Feeder Target at Qiriyaga](https://longbridge.com/en/news/282090804.md)
- [PRECIOUS-Gold rises as dollar softens, lower oil prices ease inflation fears](https://longbridge.com/en/news/282632529.md)
- [Best Rated Gold IRA Companies USA Rankings Announced for 2026 - Top Gold IRA Companies Compared](https://longbridge.com/en/news/282734877.md)