{"id":7434,"date":"2012-01-27T21:13:55","date_gmt":"2012-01-27T19:13:55","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/s-africa-stocks-backtrack-on-value-worries\/"},"modified":"2012-01-27T21:13:55","modified_gmt":"2012-01-27T19:13:55","slug":"s-africa-stocks-backtrack-on-value-worries","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-stocks-backtrack-on-value-worries\/","title":{"rendered":"S. Africa stocks backtrack on value worries"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* All-share down 0.5 pct at 33,895.02<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Top-40 down 0.6 percent at 30,324.28<\/p>\n<p><span><\/span><\/p>\n<p>By David Dolan<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Jan 27 (Reuters) &#8211; South African stocks<br \/>\nretreated from a record high on Friday, edging down half a<br \/>\npercent after retailers Shoprite and Woolworths<br \/>\n declined on concerns their valuations may be stretched<br \/>\nfrom a recent surge.<\/p>\n<p><span><\/span><\/p>\n<p>Shares of Investec fell nearly 1 percent after the<br \/>\ninvestment bank and asset manager said it would pay about $42<br \/>\nmillion for unlisted Irish financial firm NCB.<\/p>\n<p><span><\/span><\/p>\n<p>Lower-than-expected U.S. growth data also blunted appetite<br \/>\nfor equities, especially in South Africa, where the broad<br \/>\nAll-share index on Thursday finished above 34,000 for the first<br \/>\ntime in its 17-year history.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We are in overbought territory,&#8221; said Mitchell Gannaway, a<br \/>\ntrader at Thebe Stockbroking.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The U.S. GDP figures, slightly below expectations, &#8230; gave<br \/>\npeople a reason to do a bit of selling.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The All-share index finished down 0.5 percent at<br \/>\n33,895.02. On Thursday it posted a record high of 34,079.54.<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 down 0.5 pct at 33,895.02 * Top-40 down 0.6 percent at 30,324.28 By David Dolan JOHANNESBURG, Jan 27 (Reuters) &#8211; South African stocks retreated from a record high on Friday, edging down half a percent after retailers Shoprite and Woolworths declined on concerns their valuations may be stretched from a recent surge. Shares [&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-7434","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\/7434","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=7434"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7434\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}