Tech Stocks Show Mixed Performance on the JSE: Top 10 Stocks Analysis for 17th May 2023

JSE Tech Stocks Show Promise
  • Tech stocks on the Johannesburg Stock Exchange (JSE) had a mixed performance on 17th May 2023.
  • Some stocks experienced gains, while others witnessed losses, likely influenced by various factors such as market sentiment, company-specific news, and industry trends.
  • Investors should closely monitor these stocks to assess future growth prospects and make informed investment decisions.

The tech sector on the Johannesburg Stock Exchange (JSE) witnessed a day of mixed performance as the top 10 tech stocks experienced a range of gains and losses on 17th May 2023. This article provides a detailed analysis of the market capitalization, trading volume, price changes, and percentage gains or losses for each stock. Let’s delve into the performance of these tech giants.

Leading the pack in terms of market capitalization is Prosus N.V. (JSE:PRX) with a staggering value of 2.82 trillion. Investors were pleased with the stock’s performance, as it closed at 1,422, registering a gain of 1.02% or 0.63 points.

Naspers Limited – N (JSE:NPN) followed closely behind, with a market capitalization of 1.44 trillion. Naspers experienced a notable increase, closing at 3,386, resulting in a gain of 2.27% or 0.03 points. The stock’s positive momentum reflects strong market confidence in the company.

Bytes Technology Group (JSE:BYI), with a market capitalization of 24.29 billion, demonstrated a relatively stable performance. The stock closed at 101, showing a modest increase of 0.07% or 0.48 points. Although the gain was marginal, it highlights the company’s ability to maintain a steady position in the market.

Karooooo Ltd (JSE:KRO) displayed an impressive performance, closing at 419. With a market capitalization of 12.38 billion, Karooooo recorded a significant gain of 4.79% or 0.00 points. This notable increase indicates positive market sentiment and investor optimism regarding the company’s growth prospects.

Datatec Limited (JSE:DTC), with a market capitalization of 7.59 billion, experienced a slight downturn. The stock closed at 33, resulting in a decrease of 1.45% or 0.25 points. The decline may have been influenced by market fluctuations or factors specific to the company.

Allied Electronics Corporation (JSE:AEL), valued at 3.15 billion, exhibited a positive performance. The stock closed at 7.89, showing a gain of 2.87% or 0.89 points. Investors showed confidence in the company, contributing to its upward movement on the trading day.

Capital Appreciation Limited (JSE:CTA), with a market capitalization of 2.03 billion, remained unchanged, closing at 1.55. The stock exhibited stability with no significant gains or losses, indicating a day of subdued market activity.

AYO Tech Solutions (JSE:AYO) remained static at 3.05, reflecting no price change. With a market capitalization of 1.05 billion, the stock displayed minimal market activity and limited investor interest.

EOH Holdings (JSE:EOH) experienced a decline, closing at 1.58. The stock, with a market capitalization of 1.04 billion, suffered a loss of 3.07% or 0.05 points. Various market dynamics or company-specific factors might have contributed to this negative movement.

Mustek Limited (JSE:MST) concluded the list with a market capitalization of 949.99 million. The stock experienced a notable decline, closing at 15, resulting in a loss of 5.09% or 0.67 points. Investors were cautious about Mustek Limited, resulting in the downward trend.

Visited 1 times, 1 visit(s) today

Stay ahead in the financial world – Sign Up to Rateweb’s essential newsletter for free. Get the latest insights on business trends, tech innovations, and market movements, directly to your inbox. Join our community of savvy readers and never miss an update that could impact your financial decisions.

Do you have a news tip for Rateweb reporters? Please email us at


Start trading with a free $30 bonus

Trade stocks, forex, commodities, metals and CFDs on stock indices with an internationally licensed and regulated broker. For all clients who open their first real account, XM offers a $30 trading bonus without any initial deposit needed. Learn more about how you can trade over 1000 instruments on the XM MT4 and MT5 platforms from your PC and Mac, or from a variety of mobile devices.


Personal Financial Tools

Below is a list of tools built to assist South Africans to make the best financial decisions:



South Africa’s primary source of financial tools and information

Contact Us


Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.