{"id":10322,"date":"2012-04-27T04:33:05","date_gmt":"2012-04-27T02:33:05","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-african-shares-buoyed-by-gold-producers\/"},"modified":"2012-04-27T04:33:05","modified_gmt":"2012-04-27T02:33:05","slug":"s-african-shares-buoyed-by-gold-producers","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-shares-buoyed-by-gold-producers\/","title":{"rendered":"S.African shares buoyed by gold producers"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Benchmark blue-chip Top-40 index up 0.65 percent<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* All-share index closes up 0.75 percent<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, April 26<\/span> (Reuters) &#8211; South African stocks rose<br \/>\n0.8 percent on Thursday with gold producers like AngloGold<br \/>\nAshanti lifted by a rally in the price of bullion, but<br \/>\ngains were tempered by falls in this year&#8217;s top gainers.<\/p>\n<p><span><\/span><\/p>\n<p>The gold price &#8211; a key factor for Johannesburg&#8217;s<br \/>\nresource-heavy bourse &#8211; rebounded after steep losses on<br \/>\nWednesday. The U.S. Federal Reserve has pledged to keep interest<br \/>\nrates steady, seen as a negative for the dollar and therefore<br \/>\ngood for gold.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;I think a lot of traders and investors took this to mean<br \/>\nquantitative easing number three (will come) down the line.<br \/>\nMonetary stimulus is usually quite good for gold,&#8221; said Nick<br \/>\nKunze head of trading at BJM Private Clients.<\/p>\n<p><span><\/span><\/p>\n<p>The benchmark blue-chip Top-40 index rose 0.75<br \/>\npercent to 30,247.51, while the broader All-Share index<br \/>\nclosed up 0.65 percent higher at 34,251.43.<\/p>\n<p><span><\/span><\/p>\n<p>Leading the pack was Africa&#8217;s largest gold producer<br \/>\nAngloGold, which jumped 3.7 percent to 269.96 rand, and rival<br \/>\nGold Fields gained 3.4 percent to 101.14 rand.<\/p>\n<p><span><\/span><\/p>\n<p>Smaller producer Harmony added 3.04 percent to<br \/>\n76.66 rand.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s biggest retail bank, Absa was among<br \/>\nthe day&#8217;s losers as it continued its decline, at 0.68 percent,<br \/>\nwhile and Shoprite fell 1.72 percent.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Benchmark blue-chip Top-40 index up 0.65 percent * All-share index closes up 0.75 percent JOHANNESBURG, April 26 (Reuters) &#8211; South African stocks rose 0.8 percent on Thursday with gold producers like AngloGold Ashanti lifted by a rally in the price of bullion, but gains were tempered by falls in this year&#8217;s top gainers. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10322","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10322"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10322\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}