{"id":9983,"date":"2012-04-17T04:19:24","date_gmt":"2012-04-17T02:19:24","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/south-african-stocks-dip-on-spanish-woes\/"},"modified":"2012-04-17T04:19:24","modified_gmt":"2012-04-17T02:19:24","slug":"south-african-stocks-dip-on-spanish-woes","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/south-african-stocks-dip-on-spanish-woes\/","title":{"rendered":"South African stocks dip on Spanish woes"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* S.Africa stocks track global peers on Spanish jitters<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Losers include Nedbank, MTN, Harmony<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, April 16<\/span> (Reuters) &#8211; South African stocks<br \/>\nedged lower on a glum global outlook as the markets faced fresh<br \/>\nconcerns over Spain&#8217;s fiscal problems and a resurgent euro zone<br \/>\ncrisis overshadowed optimism generated by higher-than-expected<br \/>\nU.S. retail sales in March.<\/p>\n<p><span><\/span><\/p>\n<p>The Top-40 index shed 0.12 percent to 29,684.54,<br \/>\nand the wider All-Share measure dropped 0.13 percent to<br \/>\n33,661.21.<\/p>\n<p><span><\/span><\/p>\n<p>From Johannesburg to New York, the mood was soured by the<br \/>\nevents in Spain.<\/p>\n<p><span><\/span><\/p>\n<p>Concern is growing that the recession will make it<br \/>\nimpossible to meet deficit targets and that Spain will have to<br \/>\nseek some form of international bailout even as the Spanish<br \/>\ngovernment says it is committed to making major budget cuts.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The overall mood is one of risk aversion after the news<br \/>\nfrom Spain,&#8221; said Eugen Weinberg, an energy analyst at<br \/>\nCommerzbank in Frankfurt.<\/p>\n<p><span><\/span><\/p>\n<p>Blue-chip losers on Monday included Nedbank, which<br \/>\nshed 1.87 percent, and MTN Group, which lost 1.57 percent to<br \/>\nclose the day at 129.72 rand.<\/p>\n<p><span><\/span><\/p>\n<p>Harmony Gold Mining, which announced on Friday that<br \/>\nits production for the March quarter would be 18 percent lower<br \/>\nthan the previous one, extended its Friday losses. Dropping a<br \/>\nfurther 1.18 percent.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* S.Africa stocks track global peers on Spanish jitters * Losers include Nedbank, MTN, Harmony JOHANNESBURG, April 16 (Reuters) &#8211; South African stocks edged lower on a glum global outlook as the markets faced fresh concerns over Spain&#8217;s fiscal problems and a resurgent euro zone crisis overshadowed optimism generated by higher-than-expected U.S. retail sales in [&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-9983","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\/9983","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=9983"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9983\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}