{"id":7512,"date":"2012-01-30T21:20:37","date_gmt":"2012-01-30T19:20:37","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/profit-taking-knocks-s-africa-stocks-for-second-day\/"},"modified":"2012-01-30T21:20:37","modified_gmt":"2012-01-30T19:20:37","slug":"profit-taking-knocks-s-africa-stocks-for-second-day","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/profit-taking-knocks-s-africa-stocks-for-second-day\/","title":{"rendered":"Profit taking knocks S.Africa stocks for second day"},"content":{"rendered":"

\t\t<\/span><\/p>\n

JOHANNESBURG<\/span> Jan 30 (Reuters) – South African stocks
\nfell for a second day on Monday, giving up nearly 1 percent as
\ninvestors booked profits after a January rally that pushed
\nJohannesburg’s broadest index to a string of lifetime highs.<\/span><\/p>\n

<\/span><\/p>\n

Gold miners such as Harmony Gold and AngloGold
\nAshanti bucked the trend, shrugging off the weaker
\nequity market and a decline in the price of bullion after
\nGoldman Sachs upgraded its rating on both companies to “neutral”
\nfrom “sell”.<\/p>\n

<\/span><\/p>\n

The All-share index shaved 0.78 percent to
\n33,629.77, after climbing to a record high of 34,079.54 on
\nThursday. The Top-40 index of bluechips lost 0.92
\npercent to 30,044.33.<\/p>\n

<\/span><\/p>\n

“Sentiment is still more or less on the positive side. It’s
\njust a bit of correction – people taking money off the table.
\nOverall, I see us testing those new levels again,” said Mitchell
\nGannaway, a trader at Thebe Stockbroking.<\/p>\n

<\/span><\/p>\n

Harmony, South Africa’s third-biggest gold miner, added
\nnearly 1.5 percent to 95.40 rand after the Goldman Sachs
\nupgrade, pushing it to the top of the gainers’ list.<\/p>\n

<\/span><\/p>\n

AngloGold, the country’s top producer of the precious metal,
\nrose 0.5 percent to 360.40 rand.<\/p>\n

<\/span><\/p>\n

The brokerage downgraded platinum miners Lonmin,
\nImpala and Anglo American to a “sell”,
\nshunting the three to the bottom among the blue chip performers.<\/p>\n

<\/span><\/p>\n

Lonmin lost 3.7 percent to 128.49 rand, its worst daily fall
\nin nearly four months. Implats, the world’s second biggest
\nproducer of the metal, lost 2.75 percent to 174.27 rand.<\/p>\n

<\/span><\/p>\n

Amplats, the world’s top miner of the white metal, shed 2.6
\npercent to 540 rand.<\/p>\n

<\/span><\/p>\n

Activity was brisk with 203 million shares trade, according
\nto preliminary exchange data.\t<\/p>\n

(Reporting by Helen Nyambura-Mwaura; Editing by Ed Cropley)<\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

JOHANNESBURG Jan 30 (Reuters) – South African stocks fell for a second day on Monday, giving up nearly 1 percent as investors booked profits after a January rally that pushed Johannesburg’s broadest index to a string of lifetime highs. Gold miners such as Harmony Gold and AngloGold Ashanti bucked the trend, shrugging off the weaker […]<\/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-7512","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\/7512","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=7512"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7512\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}