The FTSE/JSE All Share Index extended gains for the third session on Friday and is heading for a nearly 2% weekly gain, as investors remained hopeful about a strong global economic recovery while cautiously awaited a scheduled review of South Africa’s sovereign credit by Moody’s later in the day. Upbeat economic data from major economies around the world such as China and Germany point to a robust recovery from the Covid-19 blow in 2021. Historically, the South Africa Stock Market reached an all time high of 69403.75 in March of 2021. South Africa’s FTSE/JSE Africa All Shares Index is a market capitalisation weighted index. Companies included in this index make up the top 99% of the market capitalisation of all listed companies on the Johannesburg Stock Exchange.