Daily Equity Report Sharenet Logo

Welcome to the Sharenet Daily Equity Report
 Issue: 13 January 2011 20:00

S.Africa stocks renew 2-1/2-year high, rand steady

By David Dolan and Stella Mapenzauswa

JOHANNESBURG (Reuters) - South African blue-chip stocks booked another 2-1/2-year closing high on Thursday, rising 0.6 percent as shares of Anglo Platinum and other resource companies continued their recent run.

The rand failed to match a rally by other emerging market currencies against the dollar, partly weighed by central bank intervention to mop up the greenback.

Anglo Platinum, the world's largest producer of the precious metal, jumped more than 3.7 percent to 750 rand after it said full-year earnings likely rose as much as seven-fold. Angloplat said it benefited from higher platinum prices in the year to end-December.

Platinum, which rose 20 percent in 2010, hit its highest since July 2008 on Thursday.

"I'm fairly bullish," said Abri Du Plessis, chief investment officer of Gryphon Asset Management, about the outlook for long-term commodity prices.

"Resources are becoming scarcer and scarcer," he said, adding the scarcity would ultimately benefit commodities companies, he said.

Johannesburg's Top-40 index finished up 160.30 points at 29,199.02, its highest close since June 2008, and its second 2-1/2-year straight 2-1/2-year closing high. The broader All-share index rose 0.5 percent to 32,632.15, its highest finish since May 2008.

Other platinum producers also gained, with Lonmin, the world's third-largest producer of the metal, gaining 2 percent to 202 rand.


By 1538 GMT the rand was at 6.8150 to the dollar, barely changed from Wednesday's close at 6.8255.

"Euro-dollar is higher ... and it seems like ... people are now sort of establishing a more short dollar position. So we're seeing basically a lot of emerging market currencies rally versus the dollar but the rand is not participating in the risk rally," said Imran Ahmad, emerging markets strategist at RBS.

"I think that's a continuation of the trend we've seen over the last week or so. There's been some intervention from the central bank," he said, adding that renewed focus on current deficits in the region also weighed.

Latest official data shows South Africa's current account deficit, traditionally the bane of the domestic unit, widened to 3.0 percent of GDP in the third quarter of 2010 from 2.5 percent in the second quarter.

The shortfall has however been covered by portfolio flows, which have helped lift the rand nearly 8 percent against the dollar since the start of 2009, according to Reuters data.

Government bonds fell on Thursday, and yields climbed higher, with the benchmark 2015 bond up 7.5 basis points to 7.49 percent and that for the longer-dated 2026 note 8.5 basis points higher at 8.5 percent.

Thu, 13 Jan 2011

Anglo Platinum, the world's top producer of platinum, said on Thursday full-year profit likely rose as much as seven-fold, helped by higher metal prices.  Full story
Coal mining and transport in South Africa, one of the world's top five exporters, has been minimally affected by heavy rain since December but if the downpours continue and spread to the coal heartland there could be serious problems, industry sources said on Thursday.  Full story
Premiums for spot primary aluminium in Asia are unlikely to rise after Rio Tinto declared force majeure on shipments from its Boyne unit, due to weak demand and sufficient supplies.  Full story
South Korea's five utilities are buying a combined up to 1.2 million tonnes of coal in the spot market for February and March in case of additional shipment delays from severe flooding in Australia's eastern state of Queensland, a utility source said on Thursday.  Full story

18h11 AngloGold Ashanti will resume operations at its Great Noligwa mine in South Africa late on Thursday, which were halted after a. . .  Full story
14h39 The stockbroking arm of South Africa's Standard Bank is looking to boost its headcount, including equity analysts, following the end of. . .  Full story
12h31 South African sugar producers expect to have a better April 2011-March 2012 season due to good rains, after drought weighed on. . .  Full story
12h17 Maize deliveries to South African silos were recorded at 11.727 million tonnes in the week to January 7 from 11.721 million. . .  Full story

Trading Statistics


Major Moves Up
SharenameSaleMove% MoveVolume
1 OANDO  330206.45.%29271
2 ADCORP  27701455.52.%50420
3 AQUARIUS  39502055.47.%788400
4 RAINBOW  1690855.30.%155275
5 EQSTRA  760354.83.%134258
6 ANOORAQ  1100504.76.%117257
7 AMECOR  15574.73.%17000
8 EXXARO  156506504.33.%2497301
9 REX-TRUE  1200494.26.%8269
10 DATATEC  34861384.12.%464557
11 COMAIR  24893.77.%9360
12 ANGLOPLAT  7500027003.73.%867904
13 EASTPLATS  1332473.66.%77536
14 ARCMITTAL  84202953.63.%1313653
15 AMA  21073.45.%48400
16 JASCO  15053.45.%4960
17 PAN-AF  12343.36.%1650526
18 SAPPI  35251103.22.%2411035
19 RBPLAT  67981983.00.%102410
20 DCENTRIX  560162.94.%101255

Click here for more Major Moves...
Major Moves Down
SharenameSaleMove% MoveVolume
1 IPS  105-30-22.22.%315
2 GBGOLD  1760-85-4.61.%43630
3 WESIZWE  219-10-4.37.%558516
4 TELEMASTR  135-6-4.26.%5000
5 AVENG  4230-160-3.64.%2317806
6 UNIVERSAL  140-5-3.45.%301
7 ILIAD  900-25-2.70.%95659
8 JSE  8206-214-2.54.%36923
9 IMPERIAL  11799-301-2.49.%753724
10 GRANPRADE  290-7-2.36.%87200
11 RANGOLD  340-8-2.30.%18241
12 BATS  25378-522-2.02.%1031409
13 AFGRI  735-15-2.00.%268537
14 GROUP-5  3660-72-1.93.%124710
15 JDGROUP  5629-105-1.83.%589359
16 WINHOLD  162-3-1.82.%80000
17 PERGRIN  1180-20-1.67.%130247
18 ONELOGIX  128-2-1.54.%22861
19 BWI  130-2-1.52.%20000
20 MVELASERV  1300-20-1.52.%131734

Click here for more Major Moves...

New Highs
SharenameSaleHighMove% MoveVolume
1 EXXARO  15650156856504.33.%2497301
2 REX-TRUE  12001200494.26.%8269
3 EASTPLATS  13321343473.66.%77536
4 PNR-FOODS  615061501502.50.%30296
5 ANGLO  36750368008012.23.%2908403
6 SASOL  35400354894321.24.%1713340
7 IMPLATS  23805243651950.83.%2516699
8 FIRSTRAND  21052120150.72.%12505465
9 ABIL  40254046250.63.%3604053
10 KUMBAIO  4499945600990.22.%492513
11 BILLITON  2733227500570.21.%2171242
12 REUNERT  69386970130.19.%2520929
13 OMNIA  775081120.35789
14 WBHO  1380014299-5-0.04.%72037
15 BRAIT  26502799-25-0.93.%643369
16 ARM   2235022950-286-1.26.%310845
17 ONELOGIX  128133-2-1.54.%22861

Click here for more Major Moves...
New Lows
SharenameSaleLowMove% MoveVolume
1 RANGOLD  340320-8-2.30.%18241

Click here for more Major Moves...

Spot Prices
NameTimeRPMove% Move
JSE Overall17:0032632.15148.210.46%
JSE Top 4017:0029199.02160.300.55%
JSE Gold17:002568.71-11.65-0.45%
JSE Financial17:0022196.7654.820.25%
JSE Industrial17:0032260.7818.630.06%
JSE Indust 2517:0026724.114.310.02%
JSE Resource17:0058036.56551.270.96%
DJ Futures19:2611685.00-21.00-0.18%
DJ Ind19:4511738.94-16.50-0.14%
SP 50018:361285.89-0.07-0.01%
FTSE 10018:356023.88-26.84-0.44%
All Ords07:384901.5069.601.44%
NZSE 5006:263373.7139.121.17%
NameTimeRPMove% Move
Gold/R kg20:003029362730.09%
Brent Crude19:5697.01-.55-0.56%
Rand / Dollar19:596.8071-0.0180-0.26%
Rand / Pound19:5510.77570.05270.49%
Rand / Euro19:559.09840.13741.53%
Rand / NZD19:585.24050.03010.58%
Rand / AUD19:556.81450.01370.20%
Yen / Dollar19:5882.7200-0.3100-0.37%
Euro / Dollar19:550.7479-0.0135-1.77%
Dollar / Euro19:581.33570.02311.76%
Pound / Dollar19:550.6297-0.0051-0.80%

Click here for the Sharenet Spot Price page
Index Summary
Index NameRPMove% Move
Top 4029,199.02160.300.55%
Mid Cap43,360.62-40.69-0.09%
Small Cap34,139.0025.050.07%
Resource 2058,036.56551.270.96%
Industrial 2526,724.114.310.02%
Financial 158,392.5331.600.38%
Financial & Ind. 3030,246.2844.750.15%
All Share32,632.15148.210.46%
Oil & Gas 26,838.14326.001.23%
Mining 38,386.05350.090.92%
Gold Mining2,568.71-11.65-0.45%
Platinum Mining87.831.351.56%
Oil & Gas Producers 14,430.37175.281.23%
Basic Materials 32,190.00306.000.96%
Chemicals 13,761.37-10.36-0.08%
Forestry & Paper 13,229.42317.402.46%
Industrial Metals 29,139.73331.361.15%
Industrials 30,008.80-121.47-0.40%
General Industrials 77,748.2173.010.09%
Consumer Goods 26,293.81124.890.48%
Automobiles & Parts 2,830.5733.961.21%
Household Goods158.56-0-0.16%
Health Care 32,804.94-54.80-0.17%
Beverages 80,816.54102.520.13%
Food Producers 49,501.47309.340.63%
Index NameRPMove% Move
Personal Goods 403.504.091.02%
Consumer Services 53,569.01-295.75-0.55%
General Retailers 40,838.66-220.50-0.54%
Travel & Leisure 4,224.769.850.23%
Media 85,568.60-472.34-0.55%
Support Services 2,638.3618.060.69%
Telecommunications 63,505.02-123.33-0.19%
Financials 22,196.7654.820.25%
Banks 42,223.18199.540.47%
Non-life Insurance 32,712.03-387.98-1.17%
Life Insurance 15,849.6756.500.36%
General Financial 2,440.37-2.58-0.11%
Technology 20,971.41506.612.48%
SHARIAH TOP40 3,287.17260.79%
FTSE/JSE SHARIAH ALL3,353.65240.71%
COAL MINING21,114.997533.70%
FTSE JSE Fledgling 4,790.2950.11%
FTSE/JSE Alt X 1,141.23100.84%
CAPPED PROPERTY 320.11-0.20%
RESOURCE 31,930.573030.96%
DIVIDEND PLUS177.3400.02%
FTSE/JSE RAFI 406,799.26430.63%
Capped Top 4015,169.37780.52%
Capped All Share16,409.55740.45%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
18 Jan 2011NET1UEPSDecember 2010 (Interim)
18 Jan 2011NET1UEPSPDecember 2010 (Interim)
18 Jan 2011NET1UEPSPPDecember 2010 (Interim)
19 Jan 2011SPESCOMSeptember 2010 (Final)
20 Jan 2011FOORDDecember 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
MERCHANT10-12-1711-01-1411-01-24R 0.1100
O-LINE10-12-1711-01-1411-01-24R 0.0200
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
MMHMiranda Mineral Holdings Ltd14/01/2011Unconfirmed
DAWDistribution and Warehousing Network Ltd14/01/2011Confirmed
DNPPDistribution and Warehousing Network Ltd14/01/2011Confirmed

Stock Exchange News Service
13/01/201117:29GEN - Blue Financial Services (South Africa): Shares in Issue Update - FTSE/JSE
13/01/201117:26GEN - Pinnacle Point Group (South Africa): Shares in Issue Update - FTSE/JSE
13/01/201117:25OML - Old Mutual Plc - Form 8.3
13/01/201117:21GEN - Brimstone Investment Corp Ltd N (South Africa): Shares in Issue Update -
13/01/201117:15GEN - PSG Financial Services Pref (South Africa): Shares in Issue Update -
13/01/201117:15 Distribution and Warehousing Network Limited - Further cautionary
13/01/201117:07 Awethu Breweries Limited - No change statement and notice of annual
13/01/201116:32 Platmin Limited - Notification of major interest in shares
13/01/201116:31 Platmin Limited - Notification of major interest in shares
13/01/201116:30 Capitec Bank Holdings Limited - Dealing in securities by an associate of a
13/01/201116:30 Platmin Limited - Notification of Major Interest in Shares
13/01/201115:45ZGOVI - Zshares GOVI - Distribution announcement
13/01/201115:45 Sabmiller Plc - Notification of Transactions of Directors, Persons
13/01/201115:43 Alert Steel Holdings Limited - Results of Annual General Meeting
13/01/201115:29SRP - The Securities Regulation Panel - Appointment of new members
13/01/201115:00 Anglo Platinum Limited - Trading Statement
13/01/201114:29 Convergenet Holdings Limited - Change to the Board of Directors
13/01/201113:26 Santam - Appointment of Company Secretary - Santam Limited
13/01/201112:46 Business Connexion Group Limited - Results of Annual General Meeting
13/01/201111:21SCIB - The Standard Bank of South Africa Limited - Issue of Stock Warrants
13/01/201111:00 MAS Plc - Results of Scrip Dividend and Issue of New Shares
13/01/201110:25SCIB - The Standard Bank of South Africa Limited - Notice of expiry of standard
13/01/201110:00 Brait S.A.,Societe Anonyme - Cautionary announcement
13/01/201109:44 Northam Platinum Limited - Operations Resume at Zondereinde Mine
13/01/201109:43 Eastern Platinum Limited - AIM Block Admission Return
13/01/201109:17 Net 1 UEPS Technologies, Inc - Net1 Announces Six Month Extension of SASSA
13/01/201109:15 BSI Steel Limited - Director`s dealing in securities
13/01/201109:00 Datatec Limited - Interim management statement
13/01/201108:00 Mr Price Group Limited - Trading update for third quarter (Q3 FY2011)
13/01/201107:21 Dialogue Group Holdings Limited - Specific payment: salient dates
13/01/201107:05 Gold One International Limited - Appendix 3B new issue announcement,
13/01/201107:05 Village Main Reef to place 10 million shares to fund planned expansion
13/01/201107:05 BHP Billiton Plc - Transaction in shares

Click here for more SENS news