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 Issue: 02 February 2011 20:00

Miners boost S.African stocks, rand weaker vs dollar

By Tiisetso Motsoeneng and Xola Potelwa

JOHANNESBURG (Reuters) - Stocks gained for the second day running on Wednesday with Vodacom among the top gainers on upbeat quarterly results while metal prices boosted miners.

The rand weakened against the dollar but was off a four-month low touched earlier in the week and government bonds gained slightly as improved sentiment around political risk in Egypt helped emerging markets' prospects.

Johannesburg's Top-40 blue-chip index was up 2.27 percent to 29,274.22 and the broader All-share index was 2.04 percent higher at 32,487.61.

"We had a strong euro which has helped boost commodity prices and we saw the tensions out in Egypt easing," Devin Shutte, a trader at NEWS Trading said.

"In addition we had positive jobs data in the U.S, confirming that the recovery is on track ... so we're upbeat with a bit of nervousness."

Vodacom, boosted by a 5.6 percent quarterly revenue rise, was among the top gainers on the blue chip index, gaining 4.52 percent to 74.50 rand.

Miners also featured on the gainers' list as metal prices cruised higher. Lonmin climbed 4.17 percent to 204.17 rand, Anglo American added 4.45 percent to 375.50 rand while Impala Platinum picked up 2.66 percent to 212 rand.

On the currency front, analysts said negative investor sentiment which helped to plunge the rand to an over four-month low on Monday was decreasing as investors saw less risk generated by protests aimed at the Egyptian presidency.

"I think there is some easing (in Egypt) but many risks indeed remain and that's a source of concern for the rand as well," Gabor Ambrus, emerging markets analyst at 4Cast Limited said.

At 1540 GMT the rand was quoted 0.51 percent weaker at 7.1505 to the dollar, from a close of 7.1155 in the New York session on Tuesday.

"The rand again has not performed very well," Ambrus said adding 7.10 represented resistance and key support was at the 7.20/7.23 zone for the rand.

Bond dealers said the fixed income market was still very vulnerable to the political instability in Egypt.

"Trade is still very skittish and people are reacting more to news headlines than anything else," Richard Farber, a bond trader at World Wide Capital Securities said.

The yields on the 2015 and the 2026 government bonds ended the day lower than Tuesday. The 2015 closed at 7.78 percent from 7.83 percent on Tuesday, and the 2026 issue closed at 8.60 percent from 8.655 percent previously.

Wed, 02 Feb 2011

Vodacom, South Africa's largest mobile phone operator, overcame stiff competition to post a 6 percent rise in third-quarter sales, boosted by a surge in mobile data and strong prepaid growth.  Full story
South Africa's rand is seen weaker against the dollar 12 months from now as yield spreads with developed markets narrow, causing investors to quit riskier emerging markets, a Reuters poll showed on Wednesday. Median forecasts were for the currency to end February at 7.05 per dollar then stay flat a  Full story
South Africa's most traded wheat futures closed on record highs on Wednesday on strong demand and maize and soy beans futures also edged up tracking global prices, although a strong rand trimmed the gains.  Full story
South Africa's trade union Solidarity said on Wednesday workers at diversified miner Exxaro could strike before mid-2011 over benefits and planned retrenchments.  Full story

16h38 South African Mining Minister Susan Shabangu said on Wednesday the government would act to ensure sufficient coal supplies for power generation,. . .  Full story
11h05 South Africa's new vehicle sales increased by 18.6 percent year-on-year in January to 45,135 units, the National Association of Automobile Manufacturers. . .  Full story
10h06 Nestle is spending $70 million on expanding its business in South Africa, as the world's biggest food group sharpens its focus. . .  Full story
08h54 South Africa's rand was a touch weaker against the dollar in early Wednesday trade and should remain vulnerable to the impact. . .  Full story

Trading Statistics


Major Moves Up
SharenameSaleMove% MoveVolume
1 CARGO  123020520.00.%240
2 BAUBA  2202010.00.%13900
3 AVUSA  22001758.64.%122297
4 BELL  1345957.60.%21154
5 ILIAD  800506.67.%265463
6 EASTPLATS  1249766.48.%97800
7 ANGLO  3755016004.45.%6970450
8 STEINHOFF  24401014.32.%5482064
9 AQUARIUS  43131774.28.%244250
10 LONMIN  204178174.17.%221185
11 ARCMITTAL  85863364.07.%463448
12 GBGOLD  1959764.04.%12000
13 PLATMIN  645254.03.%24550
14 IMPERIAL  114204203.82.%1705845
15 DISTELL  78902903.82.%23328
16 PETMIN  301113.79.%140093
17 AFEAGLE  18063.45.%700
18 OCEANA  36751153.23.%4386
19 HCI  80002503.23.%54760
20 BILLITON  289009003.21.%3970671

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Major Moves Down
SharenameSaleMove% MoveVolume
1 AFROC-P  302-59-16.34.%4670
2 AMECOR  160-16-9.09.%6250
3 HOWDEN  975-65-6.25.%1252
4 TREMATON  122-8-6.15.%73830
5 JASCO  134-6-4.29.%76704
6 ROLFES  183-7-3.68.%207552
7 MVELAGRP  315-12-3.67.%64456
8 BWI  114-4-3.39.%53176
9 EQSTRA  655-19-2.82.%185862
10 ONELOGIX  140-4-2.78.%84000
11 STEFSTOCK  1095-30-2.67.%402351
12 PALLINGHT  405-10-2.41.%276990
13 ARGENT  900-20-2.17.%23265
14 METROFILE  195-4-2.01.%116600
15 SANLAM  2785-50-1.76.%2744541
16 ALTRON  2800-50-1.75.%127755
17 GOLDREEF  1810-30-1.63.%4711
18 IQUAD  305-5-1.61.%8055
19 URONE  4850-77-1.56.%13902
20 HOSP-A  1400-20-1.41.%5242

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New Highs
SharenameSaleHighMove% MoveVolume
1 CARGO  1230123020520.00.%240
2 BELL  13451385957.60.%21154
3 ANGLO  375503773916004.45.%6970450
4 DISTELL  789081002903.82.%23328
5 BILLITON  28900289729003.21.%3970671
6 BATS  27166273015301.99.%797211
7 BARWORLD  712071591081.54.%911960
8 ASSORE  20800209483001.46.%16719
9 EHSV  90009300500.56.%14298
10 ITLTILE  43143420.47.%159553

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New Lows
SharenameSaleLowMove% MoveVolume
1 AFROC-P  302302-59-16.34.%4670
2 MRHLD  29562911-9-0.30.%7186336

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Spot Prices
NameTimeRPMove% Move
JSE Overall17:0032487.61649.452.04%
JSE Top 4017:0029274.22648.892.27%
JSE Gold17:002599.2052.272.05%
JSE Financial17:0021652.79142.100.66%
JSE Industrial17:0031787.73555.601.78%
JSE Indust 2517:0026503.24530.042.04%
JSE Resource17:0058923.441679.192.93%
DJ Futures19:4611990.0021.000.18%
DJ Ind19:2112030.92-9.24-0.08%
SP 50020:001304.67-2.92-0.22%
FTSE 10018:356000.0742.250.71%
All Ords07:424897.9045.900.95%
NZSE 5006:463352.303.840.11%
NameTimeRPMove% Move
Gold/R kg20:0030621116770.55%
Brent Crude19:56101.32.200.20%
Rand / Dollar19:597.16130.04040.57%
Rand / Pound19:5511.55380.09180.80%
Rand / Euro19:559.87880.03030.31%
Rand / NZD19:585.58170.02150.39%
Rand / AUD19:557.22100.01820.25%
Yen / Dollar19:5981.65000.30000.37%
Euro / Dollar19:550.72500.00190.26%
Dollar / Euro19:591.3789-0.0030-0.22%
Pound / Dollar19:550.6182-0.0013-0.21%

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Index Summary
Index NameRPMove% Move
Top 4029,274.22648.892.27%
Mid Cap41,558.17334.440.81%
Small Cap32,347.77112.290.35%
Resource 2058,923.441679.192.93%
Industrial 2526,503.24530.042.04%
Financial 158,222.4162.290.76%
Financial & Ind. 3029,971.17491.531.67%
All Share32,487.61649.452.04%
Oil & Gas 26,731.93124.800.47%
Mining 39,075.211241.023.28%
Gold Mining2,599.2052.272.05%
Platinum Mining80.301.972.52%
Oil & Gas Producers 14,373.2667.100.47%
Basic Materials 32,803.22991.063.12%
Chemicals 13,414.73-20.21-0.15%
Forestry & Paper 14,125.90228.051.64%
Industrial Metals 29,830.31442.171.50%
Industrials 28,758.37410.391.45%
General Industrials 77,897.69970.351.26%
Consumer Goods 26,279.56529.162.05%
Automobiles & Parts 2,819.25-11.32-0.40%
Household Goods155.0764.32%
Health Care 31,807.76232.140.74%
Beverages 82,969.372368.112.94%
Food Producers 47,831.93254.190.53%
Index NameRPMove% Move
Personal Goods 394.413.690.94%
Consumer Services 51,635.08625.981.23%
General Retailers 38,239.65278.390.73%
Travel & Leisure 4,076.565.150.13%
Media 84,898.141394.011.67%
Support Services 2,526.9723.480.94%
Telecommunications 63,087.691750.342.85%
Financials 21,652.79142.100.66%
Banks 40,743.35461.911.15%
Non-life Insurance 30,190.12-242.49-0.80%
Life Insurance 16,000.20-33.17-0.21%
General Financial 2,365.2134.771.49%
Technology 20,696.23142.650.69%
SHARIAH TOP40 3,324.23922.86%
FTSE/JSE SHARIAH ALL3,375.44882.68%
COAL MINING21,039.713941.91%
FTSE JSE Fledgling 4,678.89-37-0.79%
FTSE/JSE Alt X 1,118.9960.54%
CAPPED PROPERTY 306.49-0.03%
RESOURCE 32,417.779242.93%
DIVIDEND PLUS169.7510.84%
FTSE/JSE RAFI 406,810.191382.07%
Capped Top 4015,133.913132.11%
Capped All Share16,292.193151.97%

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Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
04 Feb 2011GFIELDSDecember 2010 (Q)
04 Feb 2011GFIELDSPDecember 2010 (Q)
04 Feb 2011JASCODecember 2010 (Interim)
04 Feb 2011JASCOPDecember 2010 (Interim)
04 Feb 2011RESILIENTDecember 2010 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
FOORDCMPS11-01-2011-02-0411-02-14R 0.5385
DIALOGUE11-01-1311-02-1811-02-28R 0.1238
SBRJSEP1110-12-1511-03-0411-03-15R 1.4100
WINHOLD10-11-2911-02-1111-02-21R 0.1000
UCS10-11-2311-02-0411-02-14R 0.0500
Ex Div**
Share NameDec-DateLDTPay-DateAmount
SBR00310-11-0511-01-2811-02-07R 1.6000

Upcoming AGMs**
CodeCompany NameDateStatus
TMTTrematon Capital Investments Ltd02/02/2011Confirmed
OCTOctodec Investments Ltd04/02/2011Confirmed
AWTAwethu Breweries Ltd08/02/2011Confirmed
MIPMerchant - Industrial Properties Ltd08/02/2011Confirmed
RLPReunert Ltd08/02/2011Confirmed

Stock Exchange News Service
02/02/201117:29 Mvelaphanda Resources Limited - SA Tax Considerations regarding the
02/02/201117:23 Total Client Services Limited - Change to the board of directors
02/02/201117:11- Great Basin Gold updates Hollister and Burnstone mineral reserves and
02/02/201117:10 William Tell Holdings Limited - Posting of circular containing a notice
02/02/201117:05 Redefine Properties Limited - Changes to the board of Directors
02/02/201116:52ZGOVI - The Zshares ETF Scheme - Listing of additional ZGOVI participatory
02/02/201116:50 Redefine Properties Limited - Interest Distribution No. 43
02/02/201116:23 Amalgamated Electronic Corporation Limited - Director`s dealing in
02/02/201116:09 Paladin Capital Limited - Paladin Board Member Resigns
02/02/201115:37 Hudaco Industries Limited - Director`s dealing in securities
02/02/201115:10 The Spar Group Limited - Dealing in securities by a director
02/02/201115:00 BRC Diamondcore Ltd - BRC Diamondcore Resumes Diamond Exploration in
02/02/201115:00 Datatec Limited - Dealing in securities by company secretary
02/02/201114:10- Pioneer Food Group Limited/ KWV Holdings Limited- Joint announcement
02/02/201114:02 Capital Shopping Centres Group Plc - Notification of major interests in
02/02/201114:00 RBA Holdings Limited - Extension of the Clayville acquisition fulfilment
02/02/201113:39 Trematon Capital Investments Limited - Results of Annual General Meeting -
02/02/201113:15 British American Tobacco p.l.c. - Voting Rights and Capital
02/02/201113:06 Vodacom Group Limited - Trading Statement for the Quarter Ended 31
02/02/201112:46 Thabex Limited - Renewal of cautionary announcement
02/02/201112:30 South African Coal Mining Holdings Limited - Change to the board of
02/02/201112:29 Massmart Holdings Limited - Result of court hearing to sanction scheme
02/02/201111:34 Life Healthcare Group Holdings Limited - Dealings in securities by company
02/02/201111:27 AFGRI Limited - Change to the board of directors
02/02/201109:00 Redefine Properties International Limited - Investment acquisition and
02/02/201108:58 Firestone Energy Limited - New issue announcement, application for
02/02/201107:15 Anglo American plc - Treasury Shares - Transfers
02/02/201107:05 Firestone Energy Limited - Coal off-take agreement and withdrawal of
02/02/201107:05 BHP Billiton PLC - Transaction in shares
02/02/201107:05 Capital Shopping Centres Group Plc - Notification of major interests in

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