{"id":10785,"date":"2012-05-28T22:13:31","date_gmt":"2012-05-28T20:13:31","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/south-african-stocks-up-as-platinum-shares-recover\/"},"modified":"2012-05-28T22:13:31","modified_gmt":"2012-05-28T20:13:31","slug":"south-african-stocks-up-as-platinum-shares-recover","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/south-african-stocks-up-as-platinum-shares-recover\/","title":{"rendered":"South African stocks up as platinum shares recover"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Platinum stocks lead South African JSE higher<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Top-40 Index 0.4 percent higher<\/p>\n<p><span><\/span><\/p>\n<p>* Banks and retail shares &#8220;holding up&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, May 28 (Reuters) &#8211; South African stocks ended<br \/>\nslightly higher on Monday as platinum mining stocks including<br \/>\nAnglo American Platinum reclaimed lost ground after<br \/>\ntaking a beating for months.<\/p>\n<p><span><\/span><\/p>\n<p>Shares of the world&#8217;s largest platinum miner jumped 2.66<br \/>\npercent to 482 rand as investors snapped up precious metals<br \/>\nstocks, now regarded as cheap relative to their historical<br \/>\nhighs.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;While platinum stocks are facing a lot of problems such as<br \/>\nquestions over the market&#8217;s fundamentals, costs and union<br \/>\nissues, these are often overpriced, and I now think we will see<br \/>\nwhat we call relief rallies,&#8221; said Afrifocus Securities<br \/>\nportfolio manager Ferdi Heyneke.<\/p>\n<p><span><\/span><\/p>\n<p>The JSE Top-40 blue-chip index was up 0.4 percent<br \/>\nat 29,189.72 and the broader All-share index gained<br \/>\n0.34 percent to 33,104.06.<\/p>\n<p><span><\/span><\/p>\n<p>Investors were also encouraged by the rise in European<br \/>\nstocks and the euro&#8217;s bounce back from two-year lows as Greek<br \/>\npolls showed growing support for pro-bailout parties, which<br \/>\neased speculation about a disorderly exit by Athens from the<br \/>\nregion&#8217;s single currency. [ID: nL5E8GS26C]<\/p>\n<p><span><\/span><\/p>\n<p>Much of the uncertainty has already been priced into local<br \/>\nstocks, Heyneke said, adding banks and retails shares were also<br \/>\nholding up well.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Platinum stocks lead South African JSE higher * Top-40 Index 0.4 percent higher * Banks and retail shares &#8220;holding up&#8221; JOHANNESBURG, May 28 (Reuters) &#8211; South African stocks ended slightly higher on Monday as platinum mining stocks including Anglo American Platinum reclaimed lost ground after taking a beating for months. Shares of the world&#8217;s [&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-10785","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\/10785","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=10785"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10785\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}