{"id":12808,"date":"2012-07-27T01:33:59","date_gmt":"2012-07-26T23:33:59","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/s-africa-stocks-up-for-third-day-sabmiller-climbs\/"},"modified":"2012-07-27T01:33:59","modified_gmt":"2012-07-26T23:33:59","slug":"s-africa-stocks-up-for-third-day-sabmiller-climbs","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-stocks-up-for-third-day-sabmiller-climbs\/","title":{"rendered":"S.Africa stocks up for third day, SABMiller climbs"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Top-40 rises 0.83 percent to 30,159.33<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* All-share up 0.64 percent at 34,808.92<\/p>\n<p><span><\/span><\/p>\n<p>By Tiisetso Motsoeneng<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, July 26 (Reuters) &#8211; South African stocks<br \/>\ngained for the third straight day on Thursday, adding 0.8<br \/>\npercent and lifted by SABMiller after the world&#8217;s<br \/>\nsecond-largest brewer beat forecasts with its quarterly beer<br \/>\nvolumes.<\/p>\n<p><span><\/span><\/p>\n<p>Sentiment was also buoyed by a rise in global equity markets<br \/>\nafter the European Central Bank reassured markets it would do<br \/>\nwhatever it takes to preserve the single currency.<\/p>\n<p><span><\/span><\/p>\n<p>The JSE Top-40 index gained 0.83 percent to<br \/>\n30,159.33 and the broader All-share index improved 0.64<br \/>\npercent to 34,808.92.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The remarks by the European central bank chief gave the<br \/>\nmarket a lot of support to push higher,&#8221; said Ferdi Heyneke, a<br \/>\nportfolio manager at Afrifocus Securities in Johannesburg.<br \/>\n&#8220;Metal prices are also pushing higher and that&#8217;s giving some of<br \/>\nthese miners support.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>European Central Bank President Mario Draghi pledged on<br \/>\nThursday to do whatever was necessary to protect the euro zone<br \/>\nfrom collapse, sending a strong signal that inflated Spanish and<br \/>\nItalian borrowing costs were in his sights.<\/p>\n<p><span><\/span><\/p>\n<p>SABMiller jumped 3.4 percent to 357.50 rand and<br \/>\nbecoming the biggest contributor to the Top-40&#8217;s rise after it<br \/>\nbeat forecasts with a 5 percent increase in beer volumes.<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 0.83 percent to 30,159.33 * All-share up 0.64 percent at 34,808.92 By Tiisetso Motsoeneng JOHANNESBURG, July 26 (Reuters) &#8211; South African stocks gained for the third straight day on Thursday, adding 0.8 percent and lifted by SABMiller after the world&#8217;s second-largest brewer beat forecasts with its quarterly beer volumes. Sentiment was also [&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-12808","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\/12808","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=12808"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12808\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}