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Welcome to the Sharenet Daily Equity Report
Issue: 05 January 2011 20:00
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Miners pull down S. African shares, rand falls vs dlr
By Gugulakhe Lourie and Vuyani Ndaba
JOHANNESBURG (Reuters) - South African assets took a knock on Wednesday along with other emerging markets as commodity stocks suffered profit taking and positive U.S. jobs data boosted the dollar against the rand.
At 1544 GMT the rand traded at 6.7360 against the dollar, 0.84 percent weaker than Tuesday's close of 6.68. Earlier on Wednesday it dropped more than 1 percent to a session low of 6.7525.
Mining stocks, stung by a fall in metals prices, dragged the resource-heavy JSE Top-40 index of blue chips down by 1.49 percent to 28,502.97. The broader All-share index fell 1.29 percent to 32,010.53.
Technical levels suggest the index still has plenty of upside though. Its 14-day relative strength index, or RSI, is at 54, way below the overbought mark of 70.
"After a good run ... the market was actually overheating and profit taking is always necessary," Martin Lentsoane, a trader at NEWS Trading, said.
"I wouldn't start pressing the panic buttons as yet. I think we can still go up, the market is looking for a recovery."
The JSE gold mining and platinum indices dropped 1.06 percent and 2.88 percent, respectively.
Impala Platinum (Implats) lost 3.56 percent to 227.11 rand and Anglo American dropped 3.13 percent to 347.75 rand.
Bourse and mining heavyweight BHP Billiton dipped 2.23 percent to 262.22 rand and platinum producer Lonmin fell 2.9 percent to 201 rand.
A recent series of upbeat economic data has raised hopes for a sustainable U.S. recovery, lifting the dollar against emerging market currencies like the rand. An ADP Employer Services report on Wednesday showed U.S. private employers added 297,000 jobs in December.
"We had a bit of an unexpected ADP number out which was dollar positive and we saw euro-dollar coming off," said a Johannesburg trader, adding the rand took its cue from the European currency.
BONDS RALLY
South African government bonds rallied and yields fell, with the benchmark 2015 yield dropping 20.5 basis points to 7.215 percent while the yield on the 2026 bond fell 21 basis points to 8.185 percent.
"There was a coupon paid out in December and it was not spent. The guys kept the money in cash for year-end liquidity and now they are coming to spend the cash a little bit," a bond dealer in Johannesburg said.
"There is not much stock in issue at the moment, the first auction is only going to be next week, so we need a bit of buying in the bond market."
South African bonds have also been supported in recent weeks by market expectations that South Africa will cut interest rates this month as inflation remains benign while economic growth is still subdued after a recession in 2009.
Wed, 05 Jan 2011
South Africa's rand weakened 1 percent against the dollar on Wednesday as favourable jobs data out of the U.S. boosted the greenback. Full story |
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The clock is ticking for Ivory
Coast to pay interest on a $2.3 billion bond and investors are
sceptical the West African country, in the midst of a tense
political stand-off, will avoid its second debt default in
little over a decade. Full storyMore governments around the world are
moving to keep their currencies from strengthening or control
the flow of money into their economies as investors pour money
into higher-yielding markets, turning their backs on low
interest rates in developed economies. Full storyGhana joined the club of
oil-producing nations in December, offering it the chance to
transform the fortunes of its aid-dependent economy. Full story |
12h15 South African Pioneer Food Group will spend about 1 billion rand in the current financial year on expansion projects, it said. . . Full story | 09h10 South Africa's rand gave up further ground against the dollar on Wednesday after sharp losses overnight and looked set to remain. . . Full story | South Africa's rand fell as much as 1.2 percent against the dollar on Tuesday as import pressure built up after the. . . Full story | South Africa's 2010 coal exports rose nearly 4 percent to 63.43 million tonnes, boosted by demand from China and India, the. . . Full story |
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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05/01/2011 | 124 | 202 | 78 | 404 | 218,477,384 | R9,360,537,859 | 85269 | 2066792 | 04/01/2011 | 200 | 143 | 67 | 410 | 152,934,849 | R7,361,068,917 | 72300 | 1983870 | 03/01/2011 | 187 | 125 | 78 | 390 | 128,050,031 | R3,762,540,166 | 53672 | 872405 | 31/12/2010 | 139 | 107 | 64 | 310 | 65,370,735 | R2,621,870,882 | 16021 | 480284 | 30/12/2010 | 174 | 138 | 72 | 384 | 118,618,120 | R4,580,415,863 | 42201 | 1760119 |
Spot Prices Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 32010.53 | -416.87 | -1.29% | JSE Top 40 | 17:00 | 28502.97 | -430.61 | -1.49% | JSE Gold | 17:00 | 2586.96 | -27.66 | -1.06% | JSE Financial | 17:00 | 21954.05 | 32.99 | 0.15% | JSE Industrial | 17:00 | 32145.27 | -345.36 | -1.06% | JSE Indust 25 | 17:00 | 26593.30 | -325.03 | -1.21% | JSE Resource | 17:00 | 55809.31 | -1252.36 | -2.19% | DJ Futures | 19:40 | 11670.00 | 51.00 | 0.44% | DJ Ind | 19:45 | 11736.29 | 45.11 | 0.39% | SP 500 | 19:16 | 1275.56 | 5.36 | 0.42% | Nasdaq | 19:16 | 2697.48 | 16.23 | 0.61% | FTSE 100 | 18:35 | 6043.86 | 29.99 | 0.50% | DAX | 19:00 | 6939.82 | -35.53 | -0.51% | CAC40 | 18:46 | 3904.61 | -11.42 | -0.29% | Nikkei | 08:26 | 10380.77 | -17.33 | -0.17% | Shanghai | 09:26 | 2838.59 | -14.06 | -0.49% | Hang-Seng | 10:32 | 23757.82 | 89.34 | 0.38% | All Ords | 07:38 | 4820.90 | -28.60 | -0.59% | NZSE 50 | 06:26 | 3324.99 | 15.96 | 0.48% |
| | Name | Time | RP | Move | % Move | Gold | 19:59 | 1376.58 | -3.30 | -0.24% | Gold/Rand | 20:00 | 9215.24 | 14.82 | 0.16% | Gold/R kg | 20:00 | 296270 | -1034 | -0.35% | Silver | 19:59 | 29.2700 | -.4950 | -1.66% | Platinum | 19:59 | 1728.00 | -22.00 | -1.26% | Palladium | 19:59 | 772.50 | -3.00 | -0.39% | R157 | 17:06 | 7.19 | -.03 | -0.42% | R204 | 17:06 | 7.91 | -.01 | -0.13% | Brent Crude | 19:56 | 95.10 | 2.56 | 2.77% | Rand / Dollar | 19:59 | 6.6943 | 0.0268 | 0.40% | Rand / Pound | 19:55 | 10.3485 | -0.0130 | -0.13% | Rand / Euro | 19:55 | 8.8328 | -0.0377 | -0.43% | Rand / NZD | 19:58 | 5.1100 | -0.0023 | -0.04% | Rand / AUD | 19:55 | 6.7110 | 0.0057 | 0.09% | Yen / Dollar | 19:59 | 83.1700 | 1.1100 | 1.35% | Euro / Dollar | 19:55 | 0.7579 | 0.0068 | 0.91% | Dollar / Euro | 19:59 | 1.3190 | -0.0121 | -0.91% | Pound / Dollar | 19:55 | 0.6449 | 0.0039 | 0.61% |
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Click here for the Sharenet Spot Price page
Index Summary Index Name | RP | Move | % Move | Top 40 | 28,502.97 | -430.61 | -1.49% | Industrial | 32,145.27 | -345.36 | -1.06% | Mid Cap | 43,817.66 | -52.51 | -0.12% | Small Cap | 33,759.00 | -197.86 | -0.58% | Resource 20 | 55,809.31 | -1252.36 | -2.19% | Industrial 25 | 26,593.30 | -325.03 | -1.21% | Financial 15 | 8,285.65 | 9.84 | 0.12% | Financial & Ind. 30 | 29,953.93 | -254.91 | -0.84% | All Share | 32,010.53 | -416.87 | -1.29% | Oil & Gas | 25,971.03 | -247.43 | -0.94% | Mining | 36,880.06 | -893.25 | -2.36% | Gold Mining | 2,586.96 | -27.66 | -1.06% | Platinum Mining | 83.31 | -2.47 | -2.88% | Oil & Gas Producers | 13,964.14 | -133.04 | -0.94% | Basic Materials | 30,974.13 | -685.85 | -2.17% | Chemicals | 13,658.32 | -54.06 | -0.39% | Forestry & Paper | 12,918.82 | 98.01 | 0.76% | Industrial Metals | 28,444.81 | -63.73 | -0.22% | Industrials | 30,424.69 | -59.45 | -0.20% | General Industrials | 77,781.60 | -108.10 | -0.14% | Consumer Goods | 25,540.95 | -407.65 | -1.57% | Automobiles & Parts | 2,810.19 | -9.06 | -0.32% | Household Goods | 158.75 | -2 | -0.99% | Health Care | 32,973.70 | -352.36 | -1.06% | Beverages | 80,153.61 | -936.31 | -1.15% | Food Producers | 48,970.33 | -175.90 | -0.36% |
| | Index Name | RP | Move | % Move | Personal Goods | 375.73 | -10.59 | -2.74% | Consumer Services | 54,402.29 | -756.63 | -1.37% | General Retailers | 41,779.38 | -285.79 | -0.68% | Travel & Leisure | 4,230.79 | -2.46 | -0.06% | Media | 86,133.26 | -1840.16 | -2.09% | Support Services | 2,588.70 | -121.90 | -4.50% | Telecommunications | 64,295.57 | -602.37 | -0.93% | Financials | 21,954.05 | 32.99 | 0.15% | Banks | 41,697.40 | 89.85 | 0.22% | Non-life Insurance | 32,248.87 | 240.07 | 0.75% | Life Insurance | 15,375.05 | 54.34 | 0.35% | General Financial | 2,402.58 | -4.44 | -0.18% | Technology | 20,498.79 | -229.13 | -1.11% | SHARIAH TOP40 | 3,187.68 | -63 | -1.93% | FTSE/JSE SHARIAH ALL | 3,262.79 | -59 | -1.78% | COAL MINING | 19,731.34 | -133 | -0.67% | FTSE JSE Fledgling | 4,793.96 | 38 | 0.80% | FTSE/JSE Alt X | 1,143.56 | -16 | -1.39% | SA LISTED PROPERTY | 390.17 | | 0.18% | CAPPED PROPERTY | 323.93 | | 0.14% | RESOURCE | 30,705.05 | -688 | -2.19% | DIVIDEND PLUS | 179.03 | 0 | 0.04% | FTSE/JSE RAFI 40 | 6,650.69 | -73 | -1.08% | Capped Top 40 | 14,843.75 | -207 | -1.37% | Capped All Share | 16,115.47 | -201 | -1.23% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | NED | NEDBANK GROUP LTD | HOLD | 22 Dec | FSR | FIRSTRAND LIMITED | BUY | 22 Dec | SBK | STANDARD BANK GROUP LIMIT... | SELL | 22 Dec | AIP | ADCOCK INGRAM HLGS LD | HOLD | 22 Dec | LHC | LIFE HEALTHCARE GRP HLDG ... | BUY | 22 Dec |
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Results Expected** Expected | Company Name | Fin. Date | 12 Jan 2011 | MAS | November 2010 (Q) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | TELEMASTR | 10-12-22 | 11-01-14 | 11-01-24 | R 0.0400 | AFROC-P | 10-12-21 | 11-01-07 | 11-01-17 | R 0.2108 | AFRO-C | 10-12-21 | 11-01-07 | 11-01-17 | R 0.0750 | JASCO | 10-12-20 | 11-01-07 | 11-01-17 | R 0.0300 | O-LINE | 10-12-17 | 11-01-14 | 11-01-24 | R 0.0200 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | TFG | 10-11-16 | 10-12-31 | 11-01-10 | R 1.3800 | CROOKES | 10-11-30 | 10-12-31 | 11-01-10 | R 0.4500 | ILLOVO | 10-11-18 | 10-12-31 | 11-01-10 | R 0.2200 | AFPREFINV | 10-12-10 | 10-12-31 | 11-01-10 | R 0.1119 | CLOVERPREF | 10-12-21 | 10-12-31 | 11-01-10 | R 0.0610 |
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Upcoming AGMs** Code | Company Name | Date | Status |
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