STXRES.JO is trading at ZAc 11,624 (+4.34%) following a rebound in South African resource stocks and JSE-listed miners.
- The upward move aligns with a recovery trend seen on July 31, when the ETF gained 3.6% as resource counters began to bounce back.
- Market sentiment is likely being driven by an improved tone in commodity prices and a broader risk-on backdrop across the JSE.
- No company-specific announcements were released for August 3, indicating the price action is a result of sector-wide momentum.