{"id":11169,"date":"2012-06-06T22:57:14","date_gmt":"2012-06-06T20:57:14","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/south-african-stocks-cheered-by-resource-rebound\/"},"modified":"2012-06-06T22:57:14","modified_gmt":"2012-06-06T20:57:14","slug":"south-african-stocks-cheered-by-resource-rebound","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/south-african-stocks-cheered-by-resource-rebound\/","title":{"rendered":"South African stocks cheered by resource rebound"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, June 6<\/span> (Reuters) &#8211; South African stocks closed<br \/>\nfirmer on Wednesday as battle-beaten platinum mining stocks<br \/>\nregained some lustre and investors took  cheer from an upbeat<br \/>\nmood on global markets.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>World number three platinum miner Lonmin jumped 6.8<br \/>\npercent to 100.39 rand while Impala Platinum climbed<br \/>\n5.6 percent to 141.39 rand.<\/p>\n<p><span><\/span><\/p>\n<p>Anglo American Platinum, the world&#8217;s largest<br \/>\nproducer of the precious metal, gained 4 percent to 510.13 rand.<\/p>\n<p><span><\/span><\/p>\n<p>The JSE Top-40 blue-chip index closed up 1.7<br \/>\npercent at 29,677.48 and the broader All-share index<br \/>\ngained 1.47 percent to 33,603.35.<\/p>\n<p><span><\/span><\/p>\n<p>Johannesburg&#8217;s platinum index, which has fallen<br \/>\nnearly 9 percent in the last four weeks, was 5 percent higher as<br \/>\ninvestors dug for bargains among resources stocks that have<br \/>\nclocked sharp losses over the last three months.<\/p>\n<p><span><\/span><\/p>\n<p>The world&#8217;s biggest miners also gained, with BHP Billiton<br \/>\n and Anglo American closing 3 percent higher.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Commodities is the story of the day but it is from a<br \/>\nheavily oversold position,&#8217; said PSG Securities trader Desmond<br \/>\nReilly.<\/p>\n<p><span><\/span><\/p>\n<p>Most commodity prices were up fairly strongly, with platinum<br \/>\nrising 2 percent and silver 4 percent, fuelled by hopes of<br \/>\nanother stimulus package for the debt-ridden eurozone.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There will be a bit of follow-through on this for the rest<br \/>\nof the week barring any negative data,&#8221; Reilly said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG, June 6 (Reuters) &#8211; South African stocks closed firmer on Wednesday as battle-beaten platinum mining stocks regained some lustre and investors took cheer from an upbeat mood on global markets. World number three platinum miner Lonmin jumped 6.8 percent to 100.39 rand while Impala Platinum climbed 5.6 percent to 141.39 rand. Anglo American Platinum, [&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-11169","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\/11169","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=11169"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11169\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}