{"id":9495,"date":"2012-03-31T03:40:36","date_gmt":"2012-03-31T01:40:36","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-1-s-african-stocks-book-4-pct-rise-in-q1\/"},"modified":"2012-03-31T03:40:36","modified_gmt":"2012-03-31T01:40:36","slug":"update-1-s-african-stocks-book-4-pct-rise-in-q1","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-african-stocks-book-4-pct-rise-in-q1\/","title":{"rendered":"UPDATE 1-S.African stocks book 4 pct rise in Q1"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Top-40 index up 4 percent in Q1<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* All-share index down 4.9 percent in Q1<\/p>\n<p><span><\/span><\/p>\n<p>* MTN falls nearly 2 percent on the day<\/p>\n<p> (Adds details, traders&#8217; comments)<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, March 30 (Reuters) &#8211; South African stocks<br \/>\ninched higher on Friday, booking a 4 percent gain in the first<br \/>\nquarter and their second quarterly rise in a row, with miners<br \/>\namong the top gainers during the session on higher metal prices.<\/p>\n<p><span><\/span><\/p>\n<p>But MTN Group skidded after Turkish rival Turkcell<br \/>\n filed a $4.2 billion suit against the mobile phone<br \/>\noperator, alleging it bribed officials and lobbied support for<br \/>\nTehran&#8217;s nuclear programme to win an Iranian licence.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s been a phenomenal quarter for most stocks with the<br \/>\nexception of resource stocks,&#8221; said Ferdi Heynenke, portfolio<br \/>\nmanager at Afrifocus Securities. &#8220;But due to the fact resource<br \/>\nstocks are a big component of the index, the overall performance<br \/>\nmay seem disappointing.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The JSE Top-40 index edged up 0.12 percent to<br \/>\n29,603.42, ending the quarter with a 4 percent rise. The broader<br \/>\nAll-share index added 0.21 percent to 33,554.21,<br \/>\nbringing gains for the quarter to 4.9 percent.<\/p>\n<p><span><\/span><\/p>\n<p>The All-share index, the broadest measure of South African<br \/>\nequity performance, made a strong start to the year, hitting<br \/>\nrecord highs but has since struggled to maintain the momentum<br \/>\ndue to the weaknesses in mining stocks.<\/p>\n<p><span><\/span><\/p>\n<p>Bourse heavyweight BHP Billiton, which is largely<br \/>\nflat so far this year, added 0.89 percent to 233.52 rand and<br \/>\nrival Anglo American improved 0.72 percent to 285.10<br \/>\nrand, paring losses so far this year to 3.2 percent.<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 4 percent in Q1 * All-share index down 4.9 percent in Q1 * MTN falls nearly 2 percent on the day (Adds details, traders&#8217; comments) JOHANNESBURG, March 30 (Reuters) &#8211; South African stocks inched higher on Friday, booking a 4 percent gain in the first quarter and their second quarterly rise [&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-9495","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\/9495","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=9495"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9495\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}