{"id":7088,"date":"2012-01-16T20:48:16","date_gmt":"2012-01-16T18:48:16","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/s-africa-shares-rise-eye-record-high\/"},"modified":"2012-01-16T20:48:16","modified_gmt":"2012-01-16T18:48:16","slug":"s-africa-shares-rise-eye-record-high","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-shares-rise-eye-record-high\/","title":{"rendered":"S.Africa shares rise, eye record high"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* All-Share index 130 points away from record high<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Top-40 index adds over 1 percent<\/p>\n<p><span><\/span><\/p>\n<p>* Stocks rise across board<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Jan 16 (Reuters) &#8211; South African stocks<br \/>\ngained on Monday, with the All-share index hitting a record<br \/>\nclose as investors shrugged off a ratings outlook downgrade last<br \/>\nweek and focused on buying back oversold shares such as MTN<br \/>\n.<\/p>\n<p><span><\/span><\/p>\n<p>The All-Share closed 0.84 percent higher at<br \/>\n33,205.01, a mere 130 points from an all-time high of 33,334.55<br \/>\nhit 11 months ago. The blue-chip Top-40 added over 1<br \/>\npercent to 29,639.19.<\/p>\n<p><span><\/span><\/p>\n<p>Its record intra-day high is 30,195.81, also hit on Feb. 14<br \/>\nlast year.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It does look possible that we can break up on the technical<br \/>\nfront. Generally things are looking quite positive at the moment<br \/>\ndespite the problems going on in Europe,&#8221; said Ferdi Heyneke, a<br \/>\nportfolio manager at Afrifocus Securities.<\/p>\n<p><span><\/span><\/p>\n<p>Fitch cut its outlook for Africa&#8217;s largest economy to<br \/>\nnegative last week, saying it had seen limited progress on<br \/>\nseveral long-standing structural issues that had caused the<br \/>\ncountry to fall behind its peers.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The market is looking past these current problems and<br \/>\nhoping for some kind of resolve in Europe. That&#8217;s what&#8217;s driving<br \/>\nthings here at the moment,&#8221; Heyneke said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* All-Share index 130 points away from record high * Top-40 index adds over 1 percent * Stocks rise across board JOHANNESBURG, Jan 16 (Reuters) &#8211; South African stocks gained on Monday, with the All-share index hitting a record close as investors shrugged off a ratings outlook downgrade last week and focused on buying back [&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-7088","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\/7088","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=7088"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7088\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}