{"id":12768,"date":"2012-07-26T01:31:54","date_gmt":"2012-07-25T23:31:54","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/south-african-stocks-inch-higher-track-global-markets\/"},"modified":"2012-07-26T01:31:54","modified_gmt":"2012-07-25T23:31:54","slug":"south-african-stocks-inch-higher-track-global-markets","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/south-african-stocks-inch-higher-track-global-markets\/","title":{"rendered":"South African stocks inch higher, track global markets"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Top-40 rises 0.14 percent to 29,911.58<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* All-share up 0.21 percent at 34,069.59<\/p>\n<p><span><\/span><\/p>\n<p>By Tiisetso Motsoeneng<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, July 24 (Reuters) &#8211; South African stocks ended<br \/>\nslightly higher on Wednesday on fresh hopes for a solution to<br \/>\nthe euro zone debt crisis, although gains were limited by<br \/>\nnagging concerns about the global economy and a downbeat start<br \/>\non Wall Street.<\/p>\n<p><span><\/span><\/p>\n<p>The benchmark JSE Top-40 index added 0.14 percent<br \/>\nto 29,911.58 and the broader All-share index gained<br \/>\n0.21 percent to 34,069.59.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Economic data from Europe is not encouraging but some of<br \/>\nthese stocks have been hit hard in recent days and that has<br \/>\nopened up an opportunity for bargain hunting,&#8221; Kevin Algeo, a<br \/>\ntrader at Imara SP Reid said.<\/p>\n<p><span><\/span><\/p>\n<p>Equities worldwide gained some ground after a European<br \/>\nCentral Bank official raised the prospect of new steps to<br \/>\nstrengthen the euro zone&#8217;s new bailout fund. But weak economic<br \/>\ndata from Germany and Britain capped further gains.<\/p>\n<p><span><\/span><\/p>\n<p>Truworths, South Africa&#8217;s biggest listed clothes<br \/>\nretailer, was the top performer of the blue-chip index, adding<br \/>\n3.57 percent to 98 rand, extending gains after saying full-year<br \/>\nprofit rose as much as 17 percent.<\/p>\n<p><span><\/span><\/p>\n<p>Wireless phones group MTN Group, a top three<br \/>\ndividend payer on the benchmark index, climbed 2.6 percent to<br \/>\n147.15 rand.<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 rises 0.14 percent to 29,911.58 * All-share up 0.21 percent at 34,069.59 By Tiisetso Motsoeneng JOHANNESBURG, July 24 (Reuters) &#8211; South African stocks ended slightly higher on Wednesday on fresh hopes for a solution to the euro zone debt crisis, although gains were limited by nagging concerns about the global economy and a [&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-12768","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\/12768","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=12768"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12768\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}