{"id":6680,"date":"2012-01-05T01:17:08","date_gmt":"2012-01-04T23:17:08","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/s-africa-stocks-up-fail-to-break-key-level\/"},"modified":"2012-01-05T01:17:08","modified_gmt":"2012-01-04T23:17:08","slug":"s-africa-stocks-up-fail-to-break-key-level","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-stocks-up-fail-to-break-key-level\/","title":{"rendered":"S.Africa stocks up, fail to break key level"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Top-40 adds 0.35 pct, closes below 29,400<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Iran&#8217;s woes drag MTN shares<\/p>\n<p><span><\/span><\/p>\n<p>By Helen Nyambura-Mwaura<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Jan 4 (Reuters) &#8211; South Africa&#8217;s Top-40<br \/>\n index of blue chips failed to break a key technical<br \/>\nresistance level on Wednesday despite investor interest in gold<br \/>\nproducers such as Harmony Gold and AngloGold Ashanti<br \/>\n.<\/p>\n<p><span><\/span><\/p>\n<p>The spot gold was last up 0.6 percent on the day at<br \/>\n$1,611.24 an ounce, lifting world no. 3 gold miner AngloGold 2.8<br \/>\npercent to 360.22 rand and smaller rival Harmony 3 percent to<br \/>\n99.52 rand.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s mainly a resource story at the moment,&#8221; said Desmond<br \/>\nReilly, portfolio manager at PSG Konsult. &#8220;The gold prices are<br \/>\nstill sitting around the $1,600 mark. It has picked up nicely<br \/>\nfrom last week.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The benchmark blue-chip index ended 0.35 percent higher at<br \/>\n29,366.92, after a nearly 3 percent jump on Tuesday. For most of<br \/>\nthe session, the index was above 29,400 &#8211; a level it has now<br \/>\npierced several times since October, but failed each time to<br \/>\nstay above.<\/p>\n<p><span><\/span><\/p>\n<p>The broader All-share index gained 0.4 percent to<br \/>\n32,899.68.<\/p>\n<p><span><\/span><\/p>\n<p>A convincing run above 29,400 or 29,500 could open up the<br \/>\nTop-40 for further gains.<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 adds 0.35 pct, closes below 29,400 * Iran&#8217;s woes drag MTN shares By Helen Nyambura-Mwaura JOHANNESBURG, Jan 4 (Reuters) &#8211; South Africa&#8217;s Top-40 index of blue chips failed to break a key technical resistance level on Wednesday despite investor interest in gold producers such as Harmony Gold and AngloGold Ashanti . The spot [&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-6680","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\/6680","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=6680"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6680\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}