{"id":6864,"date":"2012-01-09T20:30:40","date_gmt":"2012-01-09T18:30:40","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/s-africa-stocks-up-for-2nd-day-as-retailers-gain\/"},"modified":"2012-01-09T20:30:40","modified_gmt":"2012-01-09T18:30:40","slug":"s-africa-stocks-up-for-2nd-day-as-retailers-gain","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-stocks-up-for-2nd-day-as-retailers-gain\/","title":{"rendered":"S.Africa stocks up for 2nd day as retailers gain"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Top-40 index up 0.08 pct<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Retailers top gainers&#8217; list<\/p>\n<p><span><\/span><\/p>\n<p>* Miners fall as metals falter<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Jan 9 (Reuters) &#8211; South African shares<br \/>\nended a choppy, thin session a touch higher on Monday, helping<br \/>\nthe benchmark index notch up its second straight day of gains<br \/>\nbut it continues to look vulnerable to risk aversion due to debt<br \/>\nproblems in the euro zone.<\/p>\n<p><span><\/span><\/p>\n<p>Retailers topped the advancers&#8217; list, with Richemont<br \/>\n posting its second positive session after the luxury<br \/>\ngoods group announced the opening of its largest Montblanc store<br \/>\nin China, a fast-growing luxury goods market.<\/p>\n<p><span><\/span><\/p>\n<p>The bourse was also bolstered by views that China could cut<br \/>\nits bank reserve requirements but traders said the underlying<br \/>\nmood was bearish due to scepticism about the ability of European<br \/>\npolicymakers to resolve the region&#8217;s debt crisis.<\/p>\n<p><span><\/span><\/p>\n<p>The benchmark JSE Top-40 blue-chip index ended up<br \/>\n0.08 percent higher at 29,231.92 and the broader All-share index<br \/>\n gained by the same margin to 32,774.83.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There are views that China could cut its reserve<br \/>\nrequirements. Although that is positive news for the market in<br \/>\nthe short term, it does suggest that growth could be slowing,&#8221;<br \/>\nsaid Betzy Yang, a trader at Legae Securities.<\/p>\n<p><span><\/span><\/p>\n<p>Among equity movers, Richemont was the top percentage gainer<br \/>\non the benchmark index, rising 1.98 percent to 42.83 rand.<br \/>\nClothing retailer Truworths added 1.7 percent to 79<br \/>\nrand and food and clothing merchant Woolworths was 1.9<br \/>\nhigher at 40.70 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 index up 0.08 pct * Retailers top gainers&#8217; list * Miners fall as metals falter JOHANNESBURG, Jan 9 (Reuters) &#8211; South African shares ended a choppy, thin session a touch higher on Monday, helping the benchmark index notch up its second straight day of gains but it continues to look vulnerable to risk [&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-6864","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\/6864","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=6864"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6864\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}