{"id":9383,"date":"2012-03-28T03:36:01","date_gmt":"2012-03-28T01:36:01","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/south-african-stocks-gain-for-third-straight-day\/"},"modified":"2012-03-28T03:36:01","modified_gmt":"2012-03-28T01:36:01","slug":"south-african-stocks-gain-for-third-straight-day","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/south-african-stocks-gain-for-third-straight-day\/","title":{"rendered":"South African stocks gain for third straight day"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Top-40 index up 0.54 percent<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* All-share index up 0.58 percent<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, March 27<\/span> (Reuters) &#8211; South African stocks<br \/>\nended higher on Tuesday, extending gains for the third day<br \/>\nafter, the U.S. Federal Reserve signaled it would continue to<br \/>\nsupport the world&#8217;s largest economy with loose monetary policy.<\/p>\n<p><span><\/span><\/p>\n<p>But the benchmark and the broader indexes gave up some gains<br \/>\nafter data showed U.S. consumer confidence dipped in March<br \/>\n.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The momentum has stalled a bit after U.S. confidence data<br \/>\ncame out,&#8221; said Henre Herselman, a trader at BoE Stockbrokers.<\/p>\n<p><span><\/span><\/p>\n<p>Investors have been reluctant to make large moves ahead of a<br \/>\ndomestic interest rate decision on Thursday, which most<br \/>\neconomists expecting the South African Reserve Bank to keep the<br \/>\nnumber on hold at 5.5 percent<\/p>\n<p><span><\/span><\/p>\n<p>Market players will be watching if the central bank takes a<br \/>\nhawkish stand on inflation, which breached its 3-6 percent<br \/>\ntarget in November and has been above the band since then.<\/p>\n<p><span><\/span><\/p>\n<p>The JSE Top-40 index added 0.54 percent to<br \/>\n29,957.44 and the broader All-share index gained 0.58<br \/>\npercent to 33,858.22.<\/p>\n<p><span><\/span><\/p>\n<p>Banks were among the top gainers, continuing to bounce back<br \/>\nfrom three-week low suffered in recent sessions. Absa,<br \/>\nwhich runs the biggest retail bank, was up 2.03 at 158.10 rand.<br \/>\nRivals FirstRand and Standard Bank added 1.98<br \/>\npercent and 1.27 percent, respectively.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Top-40 index up 0.54 percent * All-share index up 0.58 percent JOHANNESBURG, March 27 (Reuters) &#8211; South African stocks ended higher on Tuesday, extending gains for the third day after, the U.S. Federal Reserve signaled it would continue to support the world&#8217;s largest economy with loose monetary policy. But the benchmark and the broader [&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-9383","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\/9383","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=9383"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9383\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}