{"id":9213,"date":"2012-03-23T03:24:40","date_gmt":"2012-03-23T01:24:40","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/s-africa-stocks-sink-on-resource-rout-shoprite-issue\/"},"modified":"2012-03-23T03:24:40","modified_gmt":"2012-03-23T01:24:40","slug":"s-africa-stocks-sink-on-resource-rout-shoprite-issue","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-stocks-sink-on-resource-rout-shoprite-issue\/","title":{"rendered":"S.Africa stocks sink on resource rout, Shoprite issue"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Global growth concerns hammer miners again<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Gold producers buck trend as rand weakens<\/p>\n<p><span><\/span><\/p>\n<p>By Ed Stoddard<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, March 22 (Reuters) &#8211; South African stocks<br \/>\nended in the red for a third straight session on Thursday as<br \/>\nconcerns about Chinese growth hit miners and retailer Shoprite<br \/>\n slid after it announced it would issue new shares and<br \/>\nconvertible bonds.<\/p>\n<p><span><\/span><\/p>\n<p>The blue-chip Top-40 index fell 1.09 percent to<br \/>\n29,697.66, extending Tuesday&#8217;s losses. The market was closed on<br \/>\nWednesday for a public holiday.<\/p>\n<p><span><\/span><\/p>\n<p>The Top-40&#8217;s break below the key 30,000 level where it has<br \/>\nbeen getting strong support is a negative signal which could<br \/>\nherald further decline.<\/p>\n<p><span><\/span><\/p>\n<p>The broader All-share index ended down almost one<br \/>\npercent at 33,550.89.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We are seeing a lowering of risk appetite in the market<br \/>\nwith concerns out of China particularly and big sell-offs in the<br \/>\nmetals and resources counters,&#8221; said Ferdi Heyneke, portfolio<br \/>\nmanager at Afrifocus Securities.<\/p>\n<p><span><\/span><\/p>\n<p>Oil prices fell more than 2 percent and global stocks<br \/>\nretreated as disappointing manufacturing data from China and<br \/>\nEurope fuelled worldwide growth concerns.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Global growth concerns hammer miners again * Gold producers buck trend as rand weakens By Ed Stoddard JOHANNESBURG, March 22 (Reuters) &#8211; South African stocks ended in the red for a third straight session on Thursday as concerns about Chinese growth hit miners and retailer Shoprite slid after it announced it would issue new [&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-9213","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\/9213","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=9213"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9213\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}