{"id":7930,"date":"2012-02-14T02:03:57","date_gmt":"2012-02-14T00:03:57","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/s-africa-shares-rise-resources-rebound\/"},"modified":"2012-02-14T02:03:57","modified_gmt":"2012-02-14T00:03:57","slug":"s-africa-shares-rise-resources-rebound","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-shares-rise-resources-rebound\/","title":{"rendered":"S.Africa shares rise, resources rebound"},"content":{"rendered":"

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

* Top-40 rises 1 pct to 30,530.87<\/span><\/p>\n

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

* All-share up 0.93 pct to 34,207.43<\/p>\n

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

JOHANNESBURG<\/span> Feb 13 (Reuters) – South African stocks
\nrose 1 percent on Monday, led by resource firms such as
\ndiversified miner Anglo American, after Greece’s
\nparliament approved sweeping austerity measures that reassured
\nequity markets around the world.<\/p>\n

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

Global stock markets sighed in collective relief after Greek
\nlawmakers assented to deeply unpopular austerity measures that
\nwere required before the European country can secure a second
\nrescue package and the money it needs to meet debt repayments.<\/p>\n

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

“Resources attracted buying interest after being sold off
\nheavily on Friday. We are seeing them rebounding. We are seeing
\nrenewed buying in (the) euro which has helped underlying
\ncommodity prices,” said Devin Shutte, a trader at brokerage
\nNewstrading.<\/p>\n

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

The Top-40 index gained 1 percent to 30,530.87,
\nafter last week booking its first weekly decline since the start
\nof 2012. The broader All-share index added 0.9 percent
\nto 34,207.43.<\/p>\n

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

Markets are, however, still jittery as several issues are
\nyet to be resolved before the shadow of a messy default lifts.<\/p>\n

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

“We are not out of the woods by any means yet. Regardless of
\nthe solution that has come through, there is still a hard road
\nahead for that economy. I don’t think there is a quick fix and
\nthe markets are grappling with that,” Shutte said.<\/p>\n

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

However, some local players remain bullish about the
\noutlook.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

* Top-40 rises 1 pct to 30,530.87 * All-share up 0.93 pct to 34,207.43 JOHANNESBURG Feb 13 (Reuters) – South African stocks rose 1 percent on Monday, led by resource firms such as diversified miner Anglo American, after Greece’s parliament approved sweeping austerity measures that reassured equity markets around the world. Global stock markets sighed […]<\/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-7930","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\/7930","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=7930"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7930\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}