Monday, 14 March 2011 - 20:00
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Charts
S.African stocks fall led by Kumba, bonds gain
By Tiisetso Motsoeneng and Vuyani Ndaba
South African stocks fell on Monday, in line with global equities, with miner Kumba the worst performer among blue chips as the deadline passed for investors to receive its next dividend payout.
Government bonds firmed due to a sell-off in the equity market as worries about Japan's earthquake increased risk aversion from global companies and drove investors to bonds instead.
Johannesburg's Top-40 blue-chip index dropped 1.02 percent to 27,784.85 points and the broader All-share index fell 0.95 percent to 30,878.58.
"Japan is the new issue on the radar screen right now," said Imara SP Reid's trader Garth McKenzie, adding that the earthquake in the world's third-largest economy could hit commodity prices in the short-term and possibly stall global economic recovery.
Johannesburg's index was also weighed by the "ex-dividend effect" as shares of companies such as Kumba Iron Ore, Growthpoint and Shoprite started trading without the rights to their next dividend payouts.
Ore miner Kumba slumped 6.3 percent to 429.05 rand, property group Growthpoint lost 4.65 percent to 16.50 and grocer retailer Shoprite gave up 2.99 percent to 95 rand.
In the news, JD Group slumped 4.91 percent to 44 rand after the furniture retailer said it would issue new shares to buy the domestic retail unit of rival Steinhoff, whose shares ended little changed.
The heightened risk aversion in equity markets pushed investors to safer bets such as government debt.
Yields pushed lower with that on the shorter-dated 2015 paper falling 4.5 basis points to 7.835 percent and that on the 2026 notes down just 1.5 basis points to 8.985 percent.
"There might be a bit of a portfolio shift from equities into bonds in the aftermath of the earthquake," said Ion de Vleeschauwer, chief dealer at Bidvest Bank.
"Companies will struggle a tad, globally especially, there could be production issues from companies in Japan."
Analysts said the shorter end of the curve was also well supported by interbank trading.
On the currency front, the rand also gained slightly against the dollar on the day. The local currency was 0.3 percent firmer at 6.8613 against the dollar as of 1542 GMT. It closed at 6.8820 in New York on Friday.
Finance Minister Pravin Gordhan criticised the impact of hot capital flows into the country.
"We've observed that we have hot capital flows. That's not good because it appreciates your currency. What it does is it creates volatility in flows and economic instability," Gordhan said at an investment professionals' conference in Johannesburg.
The currency has appreciated 28 percent since the beginning of 2009, partly due to increased capital flows seeking higher yield in emerging markets like South Africa, in the wake of accommodative monetary policy in developed nations.
Mon, 14 Mar 2011
Top News
South Africa's gold production fell 6.4 percent in 2010, an industry body said on Monday, moving the country further away from its former status as the world's largest producer. Full story
South African supplier of heavy duty equipment and articulated vehicles Bell Equipment swung to a full-year profit on Monday helped by cost cuts and stronger demand. Full story |
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Japan scrambled to avert a meltdown at a stricken nuclear plant on Monday after a hydrogen explosion at one reactor and exposure of fuel rods at another, just days after a devastating earthquake and tsunami that killed at least 10,000 people. Full storyMuammar Gaddafi's jets bombed Libyan rebels on Monday, aiding a counter-offensive that has pushed insurgents 100 miles (160 km) eastwards in a week, as France pressed for a no-fly zone "as fast as possible." Full storySaudi Arabia sent troops into Bahrain on Monday to help put down weeks of protests by the Shi'ite Muslim majority, a move opponents of the Sunni ruling family on the island called a declaration of war. Full story |
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Markets | U.S. stocks fell 1 percent
on Monday as the effects of Japan's earthquake and tsunami
sparked caution on Wall Street, which is likely. . . Full story | | Gold prices rose on
Monday, as a nuclear crisis in Japan and heightened political
unrest across the Arab world triggered safe-haven buying.. . . Full story | | Britain's FTSE 100 share index
hit a fresh three-month closing low on Monday, with some sectors
seen vulnerable to further falls as the. . . Full story | | World stocks fell to
six-week lows on Monday on fears over the global economic
impact from Japan's devastating earthquake and tsunami and as
officials. . . Full story |
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| European shares fell on
Monday to their lowest level in three months, pressured by the
impact of the earthquake and tsunami in Japan.. . . Full story | | Hong Kong and China shares
edged higher on Monday with coal and steel plays rising as
investors scoured damage reports from Japan after. . . Full story | | Bullion rose as much as 1
percent on Monday as Japan battled to prevent a nuclear
catastrophe after a massive earthquake and tsunami,. . . Full story | | China's main stock index
closed up 0.1 percent on Monday in the wake of Japan's
devastating earthquake on Friday.. . . Full story |
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SA Business | South Africa's rand weakened against the dollar on Monday and was expected to be under pressure from general risk aversion in markets as investors worried about the aftermaths of the earthquake and tsunami in Japan.. . . Full story |
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| There is little risk that the political crisis in North Africa could spread to the sub-Sahara region, but escalating oil and. . . Full story | | UK-based Sun Biofuels plans to produce 2 million liters of fuel from its jatropha plantations in Mozambique's central Manica province by. . . Full story | | South Africa's sovereign rating, revised upwards to stable from negative in January, could improve further over the long term, a senior. . . Full story | | Nationalisation of South
Africa's mines and other economic assets is not government
policy, Finance Minister Pravin Gordhan said on Monday in the
latest government. . . Full story |
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| South African-based furniture retailer Steinhoff will take a 26 percent stake in JD Group making it the top shareholder and giving. . . Full story | | South Africa's maize futures edged lower on Monday, depressed by a stronger rand and in line with a fall in international. . . Full story | | Gold and uranium producer First Uranium Corp said an employee of the company died on Saturday after an accident at its. . . Full story | | South African dairy foods maker Clover reported a sharp rise in first-half earnings on Monday as sales climbed and said it. . . Full story |
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Company News | Shareholders are advised that Mvelaphanda has entered into negotiations, which if successfully concluded may have a material effect on the price. . . Full story | | Shareholders are advised that Mvelaphanda's:
*Headline earnings per share for the six months ended 31 December 2010 is expected to decrease. . . Full story | | Cadiz shareholders are advised that as a result of the continued difficult trading conditions mainly in our securities business unit for. . . Full story | | Shareholders were referred to the article in the Business Day today regarding a disgruntled contractor, Sutha Civils ("Sutha"), which claims R15.2. . . Full story |
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| Shareholders are referred to the cautionary announcement, dated 03 February 2011, and are advised that Trustco's subsidiary, Trustco Mobile (Pty) Ltd,. . . Full story | | | | Steinhoff Africa is a diversified business with three clear business clusters comprising:. . . Full story | | First Uranium has announced that on March 12, 2011 a fall of ground accident occurred on 33 level underground at the. . . Full story |
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Company Results | Revenue remained stable at R16.9 billion (2009: R16.8 billion). Operating profit before depreciation and amortisation declined by 14% to R1.1 billion. . . Full story | | Revenue increased from R2.7 billion to R3.4 billion in 2010. Gross profit increased to R726.5 million (2009: R535.1 million) and operating. . . Full story | | Revenue amounted to R3.3 billion for Clover's maiden interim results as listed company. Operating profit was R176 million and net attributable. . . Full story | | Revenue increased by 21% to R491.1 million (R407.3 million. Operating profit increased from R12.2 million for the six months ended December. . . Full story |
World Markets
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 30878.58 | -295.28 | -0.95% | JSE Top 40 | 17:00 | 27784.85 | -285.81 | -1.02% | JSE Gold | 17:00 | 2651.26 | -11.04 | -0.41% | JSE Financial | 17:00 | 20733.22 | -73.41 | -0.35% | JSE Industrial | 17:00 | 30846.29 | -314.74 | -1.01% | JSE Indust 25 | 17:00 | 25833.97 | -289.85 | -1.11% | JSE Resource | 17:00 | 54669.84 | -639.37 | -1.16% | DJ Futures | 19:52 | 11865.00 | -138.00 | -1.15% | DJ Ind | 19:25 | 11917.32 | -127.08 | -1.06% | SP 500 | 19:00 | 1287.20 | -17.08 | -1.31% | Nasdaq | 19:00 | 2685.40 | -30.21 | -1.11% | FTSE 100 | 18:35 | 5775.24 | -53.43 | -0.92% | DAX | 19:00 | 6866.63 | -114.86 | -1.65% | CAC40 | 18:46 | 3878.04 | -61.11 | -1.55% | Nikkei | 08:32 | 9620.49 | -633.94 | -6.18% | Shanghai | 09:46 | 2938.91 | 3.30 | 0.11% | Hang-Seng | 10:42 | 23345.88 | 96.10 | 0.41% | All Ords | 07:36 | 4710.10 | -24.70 | -0.52% | NZSE 50 | 06:32 | 3361.20 | -21.64 | -0.64% |
| | Name | Time | RP | Move | % Move | Gold | 19:58 | 1425.17 | 5.10 | 0.36% | Gold/Rand | 19:58 | 9733.78 | -8.96 | -0.09% | Gold/R kg | 19:56 | 313048 | 1797 | 0.58% | Silver | 19:59 | 35.8810 | -.0690 | -0.19% | Platinum | 19:58 | 1746.25 | -29.25 | -1.65% | Palladium | 19:58 | 742.50 | -14.00 | -1.85% | R157 | 17:06 | 7.83 | -.04 | -0.51% | R204 | 17:06 | 8.67 | -.05 | -0.57% | Brent Crude | 19:56 | 113.22 | -.48 | -0.42% | Rand / Dollar | 19:59 | 6.8363 | -0.0243 | -0.35% | Rand / Pound | 19:55 | 11.0134 | -0.0011 | -0.01% | Rand / Euro | 19:55 | 9.5569 | -0.0293 | -0.31% | Rand / NZD | 19:58 | 5.0502 | -0.0378 | -0.74% | Rand / AUD | 19:55 | 6.8983 | -0.0560 | -0.81% | Yen / Dollar | 19:56 | 81.6200 | -0.0300 | -0.04% | Euro / Dollar | 19:55 | 0.7144 | -0.0008 | -0.11% | Dollar / Euro | 19:59 | 1.3989 | 0.0023 | 0.16% | Pound / Dollar | 19:55 | 0.6181 | -0.0030 | -0.48% |
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The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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14/03/2011 | 112 | 208 | 75 | 395 | 233,721,763 | R10,948,948,910 | 98865 | 2213970 | 11/03/2011 | 153 | 201 | 77 | 431 | 386,072,038 | R16,131,321,108 | 139359 | 2484282 | 10/03/2011 | 85 | 286 | 77 | 448 | 374,677,510 | R17,770,353,202 | 132557 | 2279036 | 09/03/2011 | 184 | 153 | 93 | 430 | 317,627,723 | R14,888,725,438 | 106266 | 1859686 | 08/03/2011 | 97 | 245 | 63 | 405 | 330,436,196 | R14,428,896,709 | 127175 | 2363397 |
Index Summary Index Name | RP | Move | % Move | Top 40 | 27,784.85 | -285.81 | -1.02% | Industrial | 30,846.29 | -314.74 | -1.01% | Mid Cap | 39,799.76 | -223.06 | -0.56% | Small Cap | 31,049.48 | -149.43 | -0.48% | Resource 20 | 54,669.84 | -639.37 | -1.16% | Industrial 25 | 25,833.97 | -289.85 | -1.11% | Financial 15 | 7,863.46 | -23.88 | -0.30% | Financial & Ind. 30 | 29,030.62 | -257.92 | -0.88% | All Share | 30,878.58 | -295.28 | -0.95% | Oil & Gas | 27,299.32 | -125.45 | -0.46% | Mining | 35,757.66 | -458.25 | -1.27% | Gold Mining | 2,651.26 | -11.04 | -0.41% | Platinum Mining | 73.33 | -1.16 | -1.56% | Oil & Gas Producers | 14,678.34 | -67.45 | -0.46% | Basic Materials | 30,146.52 | -405.84 | -1.33% | Chemicals | 13,095.79 | 44.25 | 0.34% | Forestry & Paper | 13,742.41 | -86.85 | -0.63% | Industrial Metals | 28,418.73 | -1020.30 | -3.47% | Industrials | 26,663.87 | -53.44 | -0.20% | General Industrials | 73,417.51 | -182.44 | -0.25% | Consumer Goods | 24,881.01 | -320.51 | -1.27% | Automobiles & Parts | 3,011.73 | .00 | 0.00% | Household Goods | 152.52 | -0 | -0.13% | Health Care | 30,535.39 | -183.19 | -0.60% | Beverages | 77,358.34 | -71.77 | -0.09% | Food Producers | 45,903.62 | -215.66 | -0.47% |
| | Index Name | RP | Move | % Move | Personal Goods | 376.93 | -13.19 | -3.38% | Consumer Services | 52,169.17 | -837.54 | -1.58% | General Retailers | 37,952.48 | -630.29 | -1.63% | Travel & Leisure | 3,585.70 | -65.21 | -1.79% | Media | 87,982.40 | -1057.80 | -1.19% | Support Services | 2,363.02 | -11.51 | -0.48% | Telecommunications | 63,744.08 | -25.36 | -0.04% | Financials | 20,733.22 | -73.41 | -0.35% | Banks | 38,574.82 | 69.22 | 0.18% | Non-life Insurance | 30,068.88 | -266.74 | -0.88% | Life Insurance | 15,829.92 | -80.05 | -0.50% | General Financial | 2,184.98 | -12.41 | -0.56% | Technology | 20,279.41 | 32.46 | 0.16% | SHARIAH TOP40 | 3,126.11 | -35 | -1.11% | FTSE/JSE SHARIAH ALL | 3,178.84 | -34 | -1.06% | COAL MINING | 20,746.99 | 25 | 0.12% | FTSE JSE Fledgling | 4,554.47 | 2 | 0.05% | FTSE/JSE Alt X | 1,062.95 | -3 | -0.31% | SA LISTED PROPERTY | 353.54 | | -0.97% | CAPPED PROPERTY | 295.97 | | -0.77% | RESOURCE | 30,080.66 | -353 | -1.16% | DIVIDEND PLUS | 160.14 | -1 | -0.73% | FTSE/JSE RAFI 40 | 6,494.94 | -47 | -0.72% | Capped Top 40 | 14,475.51 | -141 | -0.97% | Capped All Share | 15,543.16 | -144 | -0.92% |
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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 | 10 Mar | PAP | PANGBOURNE PROPERTIES LIM... | HOLD | 10 Mar | SBK | STANDARD BANK GROUP LIMIT... | SELL | 10 Mar | AIP | ADCOCK INGRAM HLGS LD | HOLD | 10 Mar | LHC | LIFE HEALTHCARE GRP HLDG ... | BUY | 10 Mar |
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Results Expected** Expected | Company Name | Fin. Date | 15 Mar 2011 | EOH | January 2011 (Interim) | 15 Mar 2011 | ILIAD | December 2010 (Final) | 15 Mar 2011 | ILIADA | December 2010 (Final) | 15 Mar 2011 | PRIMESERV | December 2010 (Final) | 15 Mar 2011 | PUTPROP | December 2010 (Interim) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | AMAPS | 11-03-04 | 11-03-25 | 11-04-01 | R 0.0400 | ASTRAPAKP | 11-03-04 | 11-03-25 | 11-04-04 | R 3.4269 | SPURCORP | 11-03-03 | 11-03-17 | 11-03-28 | R 0.3300 | STANBANK-P | 11-03-03 | 11-03-25 | 11-04-04 | R 3.3790 | STANBANK6.5 | 11-03-03 | 11-03-25 | 11-04-04 | R 0.0325 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | KUMBA | 11-02-10 | 11-03-11 | 11-03-22 | R 21.0000 | GRINDROD PREF | 11-02-24 | 11-03-11 | 11-03-22 | R 3.8600 | MASSMART | 11-02-24 | 11-03-11 | 11-03-22 | R 2.5200 | CAPEVIN | 11-02-24 | 11-03-11 | 11-03-22 | R 1.7250 | TRUWTHS | 11-02-21 | 11-03-11 | 11-03-22 | R 1.2800 |
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Upcoming AGMs** Code | Company Name | Date | Status |
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