{"id":11072,"date":"2012-06-04T22:47:52","date_gmt":"2012-06-04T20:47:52","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/bargain-hunters-buoy-south-african-stocks\/"},"modified":"2012-06-04T22:47:52","modified_gmt":"2012-06-04T20:47:52","slug":"bargain-hunters-buoy-south-african-stocks","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/bargain-hunters-buoy-south-african-stocks\/","title":{"rendered":"Bargain hunters buoy South African stocks"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Top-40 down 0.06 percent<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* All-Share eases 0.09 percent<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, June 4<\/span> (Reuters) &#8211; South African stocks ended<br \/>\nlargely flat on Monday, in line with European equities, but<br \/>\nplatinum miner surged as investors chased after bargains<br \/>\nfollowing recent sharp losses.<\/p>\n<p><span><\/span><\/p>\n<p>Platinum miner Anglo American Platinum jumped<br \/>\nnearly 3 percent to 480.01 rand and rival Impala Platinum<br \/>\n was 2 percent stronger at 134.23 rand.<\/p>\n<p><span><\/span><\/p>\n<p>Johannesburg&#8217;s platinum index fallen nearly 9<br \/>\npercent in the last four weeks.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The market has been resilient, most of the bad news is<br \/>\nalready priced in,&#8221; said Greg Davies, an equity trader at<br \/>\nAnglorand Securities.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Some people feel our market is a bit oversold. There are a<br \/>\nfew bargain hunters. The sellers seem to have dried up.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Investors have been looking for direction from Europe, a<br \/>\nvital trade partner for South Africa, where markets have slumped<br \/>\ndue to worries about overwhelming debt among some countries.<\/p>\n<p><span><\/span><\/p>\n<p>The Top-40 index of blue chips edged down 0.06<br \/>\npercent to 29,144.78. The broader All-Share index<br \/>\nfinished 0.09 percent lower at 33,076.30.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Top-40 down 0.06 percent * All-Share eases 0.09 percent JOHANNESBURG, June 4 (Reuters) &#8211; South African stocks ended largely flat on Monday, in line with European equities, but platinum miner surged as investors chased after bargains following recent sharp losses. Platinum miner Anglo American Platinum jumped nearly 3 percent to 480.01 rand and rival [&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-11072","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\/11072","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=11072"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11072\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}