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 Issue: 10 January 2011 20:00

S.Africa's rand hits 3-wk low vs dollar, stocks lower

By Xola Potelwa and Gugulakhe Lourie

JOHANNESBURG (Reuters) - The South African rand fell more than 1.0 percent to a three week low against the dollar on Monday, weighed down by uncertainties about the next interest rate move and waning global risk appetite.

Stocks closed marginally lower as most sectors languished in the red on profit-taking ahead of euro zone bond auctions.

The rand is continuing its retreat from near 3-1/2 year highs of 6.55 hit last week. Some analysts say uncertainty about next week's interest rate decision is also putting pressure on the local currency.

The South African Reserve Bank is due to hold its first monetary policy meeting of the year on January 18, having reduced the repo rate by 650 basis points to 5.5 percent between December 2008 and November last year.

The rand was however unmoved by December vehicles sales which were up 29.6 percent year on year.

By 1535 GMT, the rand was trading at 6.8457 to the dollar, 0.59 percent weaker than Friday's close of 6.8055. It traded at a session low of 6.8840 against the dollar, levels last seen three weeks ago, before recovering slightly ahead of the New York opening.

"We started around the 6.81 level this morning and gradually weakened (to the) 6.88 level mainly on the back of the euro trading below $1.29," a local currency trader said.

Euro zone problems have weakened risk appetite, another dealer said.

On the bourse, the JSE Top-40 index of blue chips finished down 0.69 percent to 28,220.69, while the broader All-share index closed 0.72 percent lower to 31,698.49.

"Investors are taking profit ahead of a critical week of bonds auction in the euro zone. I suppose the market is a bit jittery still and nervous about what the outcome of that will be," said Martin Lentsoane, a trader at NEWS Trading.

Shares of cement producer PPC, the worst performer amongst blue chips, ended down 5.34 percent to 33.13 rand as its shares trade ex-dividend, or without the right to a dividend.

Investors also sold recent gainers such as furniture manufacturer and retailer Steinhoff, which shed 3.01 percent to 24.46 rand and consumer goods firm Tiger Brands was down 2.12 percent to 193.80 rand.

Government bonds weakened to end the session with the yield on the 2015 issue at 7.34 percent from 7.24 on Friday. The 2026 note ended at 8.32 percent from 8.225 percent previously.

Mon, 10 Jan 2011

The Nigerian Stock Exchange said on Monday share purchases by foreign investors rose 88 percent last year to 381 billion naira and that wider trading hours meant liquidity was continuing to improve.  Full story
The United Nations may have sounded the alarm about soaring global food prices, but in Africa a string of bumper harvests and a changing diet means the political fallout may be more muted than to past price bumps.  Full story
More 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 story
A pioneer investor in farmland and the food price rally is looking ahead to new trends -- war, epidemics and climate change as the investment opportunities of the future.  Full story

16h17 Algeria has provisionally appointed law firm Shearman & Sterling LLP to advise it on the nationalisation of Orascom Telecom's local mobile. . .  Full story
16h05 South Africa's rand fell 1.0 percent against the dollar on Monday, as the euro zone's debt crisis weighed on emerging market. . .  Full story
12h37 South Africa's new vehicle sales increased by 29.6 percent year-on-year in December to 39,504 units, the National Association of Automobile Manufacturers. . .  Full story
08h49 South Africa's rand was barely moved from last week's closing levels against the dollar on Monday and should hold its own. . .  Full story

Trading Statistics


Major Moves Up
SharenameSaleMove% MoveVolume
1 AFEAGLE  12775.83.%141036
2 CASHBIL  100005505.82.%5799
3 PNR-FOODS  59493225.72.%132004
4 EQSTRA  695253.73.%125754
5 BWI  13043.17.%23860
6 EASTPLATS  1210342.89.%104765
7 ILIAD  926262.89.%105035
8 AVUSA  2289632.83.%13353
9 ASSORE  195005002.63.%1599
10 STEFSTOCK  1179292.52.%162439
11 ONELOGIX  12532.46.%10500
12 ALTRON-P  2768642.37.%143046
13 FREEWORLD  1182252.16.%140380
14 SANTAM  135652651.99.%37074
15 WINHOLD  15831.94.%92500
16 ZEDER  26551.92.%94106
17 MAZOR  16531.85.%3000
18 WESCOAL  11821.72.%151740
19 GOLDREEF  1983331.69.%7845
20 CBH  32551.56.%3990453

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Major Moves Down
SharenameSaleMove% MoveVolume
1 RANGOLD  360-390-52.00.%406608
2 KAP  210-55-20.75.%1209
3 S-OCEAN  215-15-6.52.%23000
4 COMAIR  225-15-6.25.%17865
5 GBGOLD  1751-115-6.16.%3262
6 PPC  3313-187-5.34.%637753
7 CML  1770-75-4.07.%252018
8 IMPERIAL  11900-500-4.03.%1574153
9 IQUAD  295-11-3.59.%16949
10 HULAMIN  860-30-3.37.%20056
11 ADCOCK  5651-194-3.32.%518320
12 JDGROUP  5678-187-3.19.%726316
13 VERIMARK  155-5-3.13.%59332
14 MRHLD  3933-126-3.10.%1823787
15 RAINBOW  1600-50-3.03.%5010
16 STEINHOFF  2446-76-3.01.%3592563
17 ELLIES   214-6-2.73.%13350
18 OCEANA  3800-105-2.69.%3633
19 YORK  390-10-2.50.%4900
20 REMGRO  11190-285-2.48.%730339

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New Highs
SharenameSaleHighMove% MoveVolume
1 PNR-FOODS  594959493225.72.%132004
2 SANTAM  13565136942651.99.%37074
3 RESILIENT  3400368550.15.%660079
4 ELBGROUP  170017700.1350
5 FIRSTRAND  19962098-2-0.10.%13958542

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New Lows
SharenameSaleLowMove% MoveVolume
1 RANGOLD  360350-390-52.00.%406608
2 CAPITEC-N  4005386050.13.%46931

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Spot Prices
NameTimeRPMove% Move
JSE Overall17:0031698.49-231.23-0.72%
JSE Top 4017:0028220.69-194.85-0.69%
JSE Gold17:002543.34-10.94-0.43%
JSE Financial17:0021768.35-167.68-0.76%
JSE Industrial17:0031724.67-419.33-1.30%
JSE Indust 2517:0026225.94-374.12-1.41%
JSE Resource17:0055422.70-54.23-0.10%
DJ Futures20:0011585.00-34.00-0.29%
DJ Ind18:5511638.28-36.48-0.31%
SP 50018:401265.38-6.12-0.48%
FTSE 10018:355956.30-28.03-0.47%
All Ords07:364818.706.700.14%
NZSE 5006:263324.076.130.18%
NameTimeRPMove% Move
Gold/R kg20:0030096625520.86%
Brent Crude19:5694.731.281.37%
Rand / Dollar19:586.82720.03420.50%
Rand / Pound19:5510.60380.06930.66%
Rand / Euro19:558.83920.06980.80%
Rand / NZD19:585.21080.04660.90%
Rand / AUD19:556.79750.03000.44%
Yen / Dollar19:5682.6900-0.4100-0.49%
Euro / Dollar19:560.7727-0.0027-0.35%
Dollar / Euro19:561.29430.00510.40%
Pound / Dollar19:550.6417-0.0016-0.25%

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Index Summary
Index NameRPMove% Move
Top 4028,220.69-194.85-0.69%
Mid Cap43,364.61-483.88-1.10%
Small Cap33,749.6343.390.13%
Resource 2055,422.70-54.23-0.10%
Industrial 2526,225.94-374.12-1.41%
Financial 158,195.43-73.39-0.89%
Financial & Ind. 3029,569.30-364.56-1.22%
All Share31,698.49-231.23-0.72%
Oil & Gas 25,706.2369.200.27%
Mining 36,642.74-54.70-0.15%
Gold Mining2,543.34-10.94-0.43%
Platinum Mining82.99.120.14%
Oil & Gas Producers 13,821.7737.210.27%
Basic Materials 30,760.64-54.27-0.18%
Chemicals 13,639.1627.940.21%
Forestry & Paper 12,710.58-111.66-0.87%
Industrial Metals 28,096.54-116.91-0.41%
Industrials 29,842.61-649.02-2.13%
General Industrials 76,724.55-1529.11-1.95%
Consumer Goods 25,513.11-337.69-1.31%
Automobiles & Parts 2,830.57.000.00%
Household Goods155.45-5-3.01%
Health Care 32,753.98-265.51-0.80%
Beverages 80,355.22-1069.58-1.31%
Food Producers 48,753.31-221.19-0.45%
Index NameRPMove% Move
Personal Goods 375.24-4.89-1.29%
Consumer Services 52,980.32-871.48-1.62%
General Retailers 41,250.26-530.79-1.27%
Travel & Leisure 4,209.44-45.96-1.08%
Media 82,418.39-1777.22-2.11%
Support Services 2,590.68-.40-0.02%
Telecommunications 63,243.98-415.80-0.65%
Financials 21,768.35-167.68-0.76%
Banks 41,035.77-367.58-0.89%
Non-life Insurance 32,893.89642.601.99%
Life Insurance 15,374.50-94.97-0.61%
General Financial 2,403.10-10.29-0.43%
Technology 20,686.85-92.22-0.44%
SHARIAH TOP40 3,158.52-9-0.28%
FTSE/JSE SHARIAH ALL3,233.04-10-0.31%
COAL MINING19,967.46-88-0.44%
FTSE JSE Fledgling 4,800.51-3-0.05%
FTSE/JSE Alt X 1,140.42-4-0.33%
CAPPED PROPERTY 322.82-0.69%
RESOURCE 30,493.16-30-0.10%
DIVIDEND PLUS175.96-2-1.31%
FTSE/JSE RAFI 406,581.54-46-0.70%
Capped Top 4014,687.62-109-0.74%
Capped All Share15,953.62-120-0.75%

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Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
12 Jan 2011MASNovember 2010 (Q)
18 Jan 2011NET1UEPSDecember 2010 (Interim)
18 Jan 2011NET1UEPSPDecember 2010 (Interim)
18 Jan 2011NET1UEPSPPDecember 2010 (Interim)
19 Jan 2011SPESCOMSeptember 2010 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
REUNERT5.511-01-0511-01-2111-01-31R 0.0550
TELEMASTR10-12-2211-01-1411-01-24R 0.0400
O-LINE10-12-1711-01-1411-01-24R 0.0200
MERCHANT10-12-1711-01-1411-01-24R 0.1100
SBRJSEP1110-12-1511-03-0411-03-15R 1.4100
Ex Div**
Share NameDec-DateLDTPay-DateAmount
TIGBRANDS10-11-2411-01-0711-01-17R 2.4100
TIGBRANDS10-11-2411-01-0711-01-17R 2.3500
OCEANA10-11-1111-01-0711-01-17R 1.7500
PPC10-11-0911-01-0711-01-17R 1.3000
TONGAAT10-11-1511-01-0711-01-20R 1.1000

Upcoming AGMs**
CodeCompany NameDateStatus
BCXBusiness Connexion Group Ltd13/01/2011Confirmed
AETAlert Steel Holdings Ltd13/01/2011Confirmed
DAWDistribution and Warehousing Network Ltd14/01/2011Confirmed
DNPPDistribution and Warehousing Network Ltd14/01/2011Confirmed
MMHMiranda Mineral Holdings Ltd14/01/2011Unconfirmed

Stock Exchange News Service
10/01/201117:39OML - Old Mutual plc - Form 8.3
10/01/201117:25GEN - Spescom Ltd (South Africa): Scheme of Arrangement FTSE/JSE Africa Index
10/01/201117:15 Moneyweb Holdings Limited - Dealing in securities by directors
10/01/201116:37ZGOVI - The ZShares ETF Scheme - Withdrawal of ZGOVI participatory interests
10/01/201116:35MND/MNP - Mondi Limited/ Mondi Plc - Employee Share Plans
10/01/201116:26 PSV Holdings Limited - Appointment of company secretary
10/01/201116:21 Cadiz Holdings Limited -Directors` interests
10/01/201116:00 Tradehold Limited - Results of General Meeting
10/01/201114:37BBET40 - The BettaBeta Equally Weighted Top 40 portfolio - Distribution
10/01/201114:01 Cenmag Holdings Limited - Director`s dealings in securities
10/01/201114:01 Convergenet Holdings Limited - Directors` dealings in securities
10/01/201114:00 Gold Fields Limited - Gold Fields guidance for December quarter 2010
10/01/201113:08 Northam Platinum Limited - Fatal Accident at Zondereinde Mine
10/01/201111:38 Randgold & Exploration Company Limited - Clarification regarding ratio
10/01/201111:30 Octodec Investments Limited - Posting of Octodec`s annual report and
10/01/201111:24 Netcare Limited - Dealings in securities by director
10/01/201110:00GLD - NewGold Issuer Limited - Listing of Additional Newgold Debentures
10/01/201109:55 IFCA Tech - General Issue of Shares for Cash, Potential Change In Control
10/01/201109:30 DiamondCorp Plc - Appointment of Joint Broker
10/01/201109:25 BHP Billiton Plc - Transaction in Shares
10/01/201109:07 Firestone Energy Limited - Final Director`s Interest Notice
10/01/201108:42RACP - Recm and Calibre - Disclosure of quarterly portfolio as at 31 December
10/01/201108:34 Firestone Energy Limited - Director Resignation/Appointment
10/01/201107:54NEDB - Nedbank Limited - Expiry of share instalments
10/01/201107:15 Anglo American plc - Treasury Shares - Transfers
10/01/201107:07GEN - Simon Property Group, Inc. - Simon continues to oppose the Trafford Centre
10/01/201107:05 Gold One International Limited - December Quarter production on target

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