The Sharenet Daily 
Thursday, 24 March 2011 - 20:00
Sharenet is pleased to announce the launch of our new publication, The Sharenet Daily. We have built on the success of our Daily Equity Report, while adding more content and helpful information. The result is a publication that gives readers a quick, easy to read and informative synopsis of market activity, company results and news on the JSE for the day, as well as an overview of what transpired on important overseas markets.

The Sharenet Daily includes helpful charts that give a graphical impression of events, and our news content is sourced from a number of contributors, including Reuters. In addition, Sharenet's popular price information is available in our Spot Price format which provides a snapshot of the JSE and world indices, currencies and commodities.

All the JSE trading statistics; major movers; latest dividends; upcoming AGM dates and more are provided to insure that you keep abreast of market developments. The Sharenet Daily is published at 8pm each day on the website and also distributed via email for your convenience. As always, we welcome your comments, feedback and suggestions at support@sharenet.co.za
 
Charts
News
Top News
Markets
SA Business
Company News
Company Results
World Markets
JSE Today
JSE Trading Statistics
Major Moves
Spot Prices
Index Summary
Latest Consensus Changes / Results Expected
Recent Dividends / Ex Div
Upcoming AGMs
Stock Exchange News Service (SENS)
 [Alt-Text]


Charts
 
S.Africa's rand firms, stocks higher on metal prices

By Vuyani Ndaba and Tiisetso Motsoeneng

JOHANNESBURG (Reuters) - South Africa's rand hit a one-week high against the dollar on Thursday and stocks went up by more than one percent, both getting support from higher commodities prices.

Gold miner Harmony was the biggest gainer on the blue-chip index after an brokerage report suggested the world's fifth-largest gold miner could be a takeover target.

Government bonds firmed a bit after the central bank left rates on hold and the governor's comments were less hawkish than the market was expecting.

The rand was trading at 6.8587 against the dollar, 1.4 percent firmer than Wednesday's New York close at 6.9546.

Key resistance for the rand is at 6.88 and if it breaks that decisively, it will aim for this month's high of 6.8143. Traders would look for a close stronger than this as an indication the rand could ratchet up further gains.

"The central bank did not add much to the picture," said Gabor Ambrus, emerging market analyst at 4CAST, adding risk appetite was back in vogue and gold was also supporting the currency.

Central bank Governor Gill Marcus reiterated that the bank was not targeting a level for the rand but would continue to accumulate reserves "as and when appropriate".

The central bank has previously been very active at levels beyond 6.95, to stem rand gains.

Stocks booked their third straight day of gains on Thursday, in line with global equities, with Harmony in focus on talk that it could be a takeover target.

The JSE Top-40 blue-chip index gained 1.57 percent to 28,566.98 to points, its highest level since March 10. The broader All-share index added 1.38 percent to 31,647.69 points.

Harmony surged 11.88 percent to 98.10 rand, the biggest one-day percentage gain since November 2008 and its highest level since June 2009.

Gold Fields, which was mentioned as one of the potential bidders in the same report, was 3.41 percent stronger at 117.82 rand.

"It makes sense to us that Gold Fields could make a bid for Harmony and then spin off some combination of the combined South African asset base into a separately listed vehicle," brokerage firm Royal Bank of Canada said in a note.

On the flipside, Basil Read fell 2.33 percent to 10.50 rand after the construction firm posted a 37 percent fall in the full-year profit.

On fixed income, the yield on the benchmark 2015 note fell 3.5 basis points to 7.765 percent and that on the longer-dated 2026 note dipped 2 basis at 8.905 percent.

"I think the guys were expecting a more hawkish tone from (Reserve Bank Governor) Gill Marcus, and she was not so hawkish, so that is why the bonds are low," said a bond dealer in Johannesburg.

Bonds, especially at the short end, have weakened in recent weeks on inflation worries.

Thu, 24 Mar 2011
Top News
[IMAGE]
South Africa's rand hit a one-week high against the dollar on Thursday and stocks went up by more than one percent, both getting support from higher commodities prices.  Full story
[IMAGE]
Gold producer Newmont Mining Corp's board has approved funding for its estimated 7.2 million ounce Akyem gold reserve project, the company said in a statement on Thursday.  Full story
Western warplanes hit military targets deep inside Libya Thursday but failed to prevent tanks reentering the western town of Misrata and besieging its main hospital.  Full story
Yemen's opposition stepped up efforts to remove President Ali Abdullah Saleh on Thursday, dismissing his offer to stand down after a presidential election at the end of the year.  Full story
Japan will have to review its nuclear power policy, its top government spokesman said on Thursday as radiation from a damaged nuclear complex briefly made Tokyo's tap water unsafe for babies and led to people emptying supermarket shelves of bottled water.  Full story
 
Markets
Gold pared gains after rising to record highs on Thursday, as investors took profits from a brief rally driven by revived jitters over. . .  Full story
U.S. stocks advanced on Thursday, helped by optimism about earnings and investors buying the quarter's high performers, while the S&P 500's push above a. . .  Full story
Retailers were among the top performers in a rally in Britain's top share index on Thursday, which took the FTSE 100 back to. . .  Full story
Global stocks rose for a sixth consecutive session on Thursday, rebounding from the losses after Japan's natural disasters, while the euro jumped on optimism. . .  Full story
European shares rose to their highest levels in almost two weeks on Thursday, with two British retailers leading the sector up as their. . .  Full story
U.S. stock index futures rose on Thursday as investors shifted focus to jobs data later in the morning, temporarily brushing off euro zone. . .  Full story
Japanese shares slipped on Thursday, with a sell-off in Tokyo Electric Power Co and financial firms weighing on the broad Topix index. . .  Full story
China's main stock index closed down 0.1 percent on Thursday as profit-taking in property counters was offset by a strong performance in oil. . .  Full story
SA Business
South Africa's central bank kept its benchmark repo rate on hold on Thursday as expected but raised its inflation and growth. . .  Full story
South Africa lowered its maize output forecast for the May 2010-April 2011 season on Thursday as drought in some parts of. . .  Full story
South Africa's Illovo Sugar may opt to produce biofuel from sugarcane if it makes commercial sense, its managing director said late. . .  Full story
South Africa's rail and logistics group Transnet said on Thursday it would raise tariffs on its rail line used to transport. . .  Full story
Shares in Harmony Gold Mining shot up 11 percent on Thursday after an investment research note suggested the company could be. . .  Full story
South Africa's rand gained over one percent against the dollar on Thursday as gold climbed towards historic highs on eurozone jitters.. . .  Full story
Sundance Resources is seeking Chinese investors to help fund a $4 billion iron ore project in the Cameroon, west Africa, the latest company. . .  Full story
South Africa's maize stocks fell to 4.310 million tonnes at the end of February, compared with a revised 5.173 million tonnes. . .  Full story
South Africa cut proposed subsidies for renewable energy after it revised its estimates for debt and inflation, a document showed on Wednesday, a move likely to hurt much-anticipated investment in green energy.. . .  Full story
Company News
Shareholders of Glenrand ("Glenrand shareholders") are referred to the announcement released by Glenrand on SENS on 15 March 2011 and published. . .  Full story
In terms of the Listings Requirements of JSE Ltd ("the Listings Requirements"), companies are required to publish a trading statement as. . .  Full story
Shareholders are advised that, at the annual general meeting of Hudaco held at the corporate office of the company, all the. . .  Full story
Further to the cautionary announcement dated 11 February 2011, shareholders are advised that negotiations are still in progress which, if successfully. . .  Full story
Business Report noted that Aspen was upgraded to overweight by Morgan Stanley. The investment bank believes that opportunities were not reflected in the share price. London-based analysts, Simon Mather and Peter Verdult, wrote that the recent 25% sell-off is overdone and. . .  Full story
Business Day reported that Anglo is seeking to acquire iron ore assets as the price of of the metal rises. Anglo's head of business development for its iron ore and coal unit, James Harman, said the group "would like iron ore. . .  Full story
Company Results
Revenue for the interim period increased by 20.4% to R317.9 million (2009: R264 million). Operating profit decreased by 1.3% to R15.9. . .  Full story
Revenue for the interim period increased to R484.9 million (2009: R362.2 million). Gross profit rose to R136.3 million (2009: R106.7 million),. . .  Full story
Turnover for 2010 amounted to R1.3 billion (the results for the 2009 financial period are not comparable as they are only. . .  Full story
Revenue for the year ended 31 December 2010 increased to USD155 million (2009: USD111.4 million). Operating profit soared to USD9 million. . .  Full story
World Markets
NameTimeRPMove% Move
JSE Overall17:0031647.69432.141.38%
JSE Top 4017:0028566.98440.721.57%
JSE Gold17:002749.49108.404.10%
JSE Financial17:0020946.23131.490.63%
JSE Industrial17:0031382.05433.391.40%
JSE Indust 2517:0026322.08414.811.60%
JSE Resource17:0056635.07839.951.51%
DJ Futures19:5012100.0093.000.77%
DJ Ind19:3112163.4577.430.64%
SP 50020:001306.248.700.67%
Nasdaq20:002728.1329.831.11%
FTSE 10018:355880.8784.991.47%
DAX19:006933.58129.131.90%
CAC4018:463968.8455.111.41%
Nikkei08:269435.01-14.46-0.15%
Shanghai09:322946.67-2.40-0.08%
Hang-Seng11:0422915.2889.880.39%
All Ords07:374794.2047.701.00%
NZSE 5006:263387.2511.460.34%
NameTimeRPMove% Move
Gold19:581432.97-5.13-0.36%
Gold/Rand20:009830.89-127.89-1.28%
Gold/R kg20:00316063-4444-1.39%
Silver19:5837.3360-.0370-0.10%
Platinum19:571747.50-3.19-0.18%
Palladium19:56750.004.590.62%
R15716:067.75-.04-0.51%
R20416:068.56-.03-0.35%
Brent Crude19:56115.04-.43-0.37%
Rand / Dollar19:586.8605-0.0672-0.97%
Rand / Pound19:5511.0267-0.2096-1.87%
Rand / Euro19:559.7326-0.0456-0.47%
Rand / NZD19:575.14710.00170.03%
Rand / AUD19:557.0042-0.0316-0.45%
Yen / Dollar19:5780.9000-0.0300-0.04%
Euro / Dollar19:550.7048-0.0043-0.61%
Dollar / Euro19:571.41840.00870.62%
Pound / Dollar19:550.62030.00490.80%

Click here for the Sharenet Spot Price page
The JSE Today
 Trading Statistics
DateAdv.Decl.Unch.ActivesVolumeValueTradesOrders
24/03/201122011578413265,580,050R13,365,618,952997802220689
23/03/201122911571415271,350,438R13,213,098,5181116602366083
22/03/201119014877415272,539,301R13,852,712,2931356372257974
18/03/201114918178408305,509,186R13,710,921,2131008922437383
17/03/201117415773404319,918,627R16,816,586,0651610342416153
Major Moves Up
SharenameSaleMove% MoveVolume
1 SABVEST-N  90010012.50.%10000
2 HARMONY  9840104511.88.%13598965
3 RANGOLD  300259.09.%1000
4 EHSV  72954957.28.%111374
5 UNIVERSAL  160106.67.%42000
6 SASFIN  35952166.39.%72533
7 WILDRNESS  475255.56.%1000
8 TRNSHEX  265135.16.%58564
9 GOLDREEF  1490694.86.%284818
10 METAIR  1399644.79.%845527
11 GOLDONE  261114.40.%417815
12 YORK  370154.23.%88109
13 EXXARO  157765273.46.%535432
14 ELLIES   21273.41.%20000
15 GFIELDS  119703953.41.%2228711
16 CLIENTELE  970303.19.%30133
17 DRDGOLD  340103.03.%1400436
18 AFROX  1775512.96.%160333
19 MTN  135303802.89.%6822009
20 ARM   214805802.78.%903673

Click here for more Major Moves...
Major Moves Down
SharenameSaleMove% MoveVolume
1 ERBACON  105-10-8.70.%20000
2 UCS  185-15-7.50.%31840
3 RA-HOLD  355-25-6.58.%4031
4 CADIZ  265-15-5.36.%1543814
5 HULAMIN  680-25-3.55.%142888
6 SENTULA  275-10-3.51.%989820
7 GRANPRADE  271-9-3.21.%10000
8 DAWN  650-21-3.13.%19295
9 OANDO  250-8-3.10.%18718
10 ESORFRANK  160-5-3.03.%138984
11 LITHA  238-7-2.86.%330945
12 PNR-FOODS  5450-150-2.68.%24022
13 KEATON   336-9-2.61.%37800
14 PINNACLE  682-18-2.57.%130350
15 BELL  1307-32-2.39.%3068
16 DELTA  840-20-2.33.%1500
17 ANOORAQ  840-20-2.33.%15300
18 BASREAD  1050-25-2.33.%124834
19 GROUP-5  2608-62-2.32.%38282
20 CITYLDG  6625-155-2.29.%50369

Click here for more Major Moves...
New Highs
SharenameSaleHighMove% MoveVolume
1 SABVEST-N  90090010012.50.%10000
2 HARMONY  98409840104511.88.%13598965
3 UNIVERSAL  160160106.67.%42000
4 MTN  13530135303802.89.%6822009

Click here for more Major Moves...
New Lows
SharenameSaleLowMove% MoveVolume
1 ERBACON  105105-10-8.70.%20000
2 CADIZ  265265-15-5.36.%1543814
3 HULAMIN  680680-25-3.55.%142888
4 DAWN  650650-21-3.13.%19295
5 OANDO  250250-8-3.10.%18718
6 ESORFRANK  160150-5-3.03.%138984
7 PPC  24272371-1-0.04.%2295905

Click here for more Major Moves...
Index Summary
Index NameRPMove% Move
Top 4028,566.98440.721.57%
Industrial31,382.05433.391.40%
Mid Cap40,114.55178.340.45%
Small Cap31,049.45-61.13-0.20%
Resource 2056,635.07839.951.51%
Industrial 2526,322.08414.811.60%
Financial 157,947.9154.480.69%
Financial & Ind. 3029,552.70409.401.40%
All Share31,647.69432.141.38%
Oil & Gas 28,664.30378.141.34%
Mining 37,109.91645.461.77%
Gold Mining2,749.49108.404.10%
Platinum Mining75.791.021.36%
Oil & Gas Producers 15,412.27203.321.34%
Basic Materials 31,224.41530.621.73%
Chemicals 13,125.9939.830.30%
Forestry & Paper 14,078.77213.141.54%
Industrial Metals 28,673.73376.031.33%
Industrials 26,697.24167.810.63%
General Industrials 74,226.48981.521.34%
Consumer Goods 25,885.92401.781.58%
Automobiles & Parts 3,167.98144.934.79%
Household Goods155.0731.67%
Health Care 30,695.95-47.60-0.15%
Beverages 80,983.981961.462.48%
Food Producers 46,271.44281.250.61%
Index NameRPMove% Move
Personal Goods 394.712.400.61%
Consumer Services 51,700.57552.081.08%
General Retailers 39,111.85181.350.47%
Travel & Leisure 3,545.3813.490.38%
Media 82,687.071397.261.72%
Support Services 2,393.05-9.10-0.38%
Telecommunications 65,432.251668.472.62%
Financials 20,946.23131.490.63%
Banks 39,350.04294.740.75%
Non-life Insurance 29,959.75-48.50-0.16%
Life Insurance 15,837.28153.680.98%
General Financial 2,199.1911.610.53%
Technology 20,096.98-93.92-0.47%
SHARIAH TOP40 3,242.90581.83%
FTSE/JSE SHARIAH ALL3,287.94541.68%
COAL MINING21,732.915222.46%
FTSE JSE Fledgling 4,479.00-13-0.29%
FTSE/JSE Alt X 1,032.85-7-0.68%
SA LISTED PROPERTY 357.00-0.16%
CAPPED PROPERTY 298.44-0.10%
RESOURCE 31,266.805261.71%
DIVIDEND PLUS162.2510.72%
FTSE/JSE RAFI 406,629.29811.24%
Capped Top 4014,868.872351.61%
Capped All Share15,922.112191.39%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
NEDNEDBANK GROUP LTDHOLD18 Mar
PAPPANGBOURNE PROPERTIES LIM...HOLD18 Mar
SBKSTANDARD BANK GROUP LIMIT...SELL18 Mar
AIPADCOCK INGRAM HLGS LDHOLD18 Mar
LHCLIFE HEALTHCARE GRP HLDG ...BUY18 Mar
Results Expected**
ExpectedCompany NameFin. Date
25 Mar 2011AFRO-CDecember 2010 (Interim)
25 Mar 2011AFROC-PDecember 2010 (Interim)
25 Mar 2011ANDDecember 2010 (Final)
25 Mar 2011AND-PDecember 2010 (Final)
25 Mar 2011BASREADDecember 2010 (Final)
Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
AMAPS11-03-0411-03-2511-04-01R 0.0400
ASTRAPAKP11-03-0411-03-2511-04-04R 3.4269
STANBANK11-03-0311-04-0111-04-11R 2.4500
STANBANK6.511-03-0311-03-2511-04-04R 0.0325
STANBANK-P11-03-0311-03-2511-04-04R 3.3790
Ex Div**
Share NameDec-DateLDTPay-DateAmount
SASFIN-P11-03-0211-03-1711-03-28R 3.6205
IMPERIALP11-02-2311-03-1711-03-28R 3.6123
CAPITEC-P11-02-2811-03-1711-03-28R 3.4377
PSGFIN PREF11-03-0111-03-1711-03-28R 3.4377
SANTAM11-03-0111-03-1711-03-28R 3.2500
Upcoming AGMs**
CodeCompany NameDateStatus
HDCHudaco Industries Ltd24/03/2011Confirmed
AMSPAnglo Platinum Ltd28/03/2011Confirmed
AMSAnglo Platinum Ltd28/03/2011Confirmed
OREOrion Real Estate Ltd29/03/2011Confirmed
Stock Exchange News Service
DateTimeHeadline
24/03/201117:26 Sovereign Food Investments Limited - Application of rights offer proceeds
24/03/201117:11 Fountainhead Property Trust - Director dealing
24/03/201117:00 African Rainbow Minerals Limited - Director`s dealings in ARM securities
24/03/201116:41 The Don Group Limited - Trading update
24/03/201116:40 Cashbuild Limited - Trading Update
24/03/201116:29 Afrox - Change to the board of Directors
24/03/201116:10 Alert - Appointment of Independent Non-Executive Director
24/03/201116:00 Glenrand MIB Limited - Remaining Conditions Precedent
24/03/201116:00 Accentuate Limited - Trading statement
24/03/201115:58 Optimum Coal Holdings Limited - Dealing in securities by director of a
24/03/201115:53 Basil Read Holdings Limited - Audited results for the year ended 31
24/03/201115:49FFA/FFB - Fortress - Dealing in Securities
24/03/201115:30 British American Tobacco P.l.c - Notification of transactions of
24/03/201115:30 SABMILLER Plc - Notification of transactions of directors, persons
24/03/201115:19 Workforce Holdings Limited - Withdrawal of Cautionary Announcement
24/03/201115:14 Trading of Exxaro ordinary shares on behalf of the Exxaro Resources
24/03/201115:03 Netcare Limited - Future change to the board of directors
24/03/201115:02 Anooraq Resources Corporation - Anooraq announces results for the period
24/03/201115:00ANO - Anooraq announces audited consolidated financial statements for the
24/03/201114:58 Datacentrix - Appointment to the board of Directors
24/03/201114:56 Bell Equipment Limited - Acceptance of options by a director of a major
24/03/201114:35 Poynting Holdings Limited - Revised trading statement
24/03/201114:31 IPSA - Start-up of the Newcastle Cogeneration Plant
24/03/201114:23 Hudaco - Results of the Annual General Meeting and changes to the board
24/03/201113:50 RBA Holdings Limited - Appointment of independent non-executive chairman
24/03/201113:41 Lonrho Plc - Intention to seek admission to the official list as a
24/03/201112:38 Andulela - Trading Statement
24/03/201111:15MND/MNP - Mondi Limited/Mondi Plc - Posting Of Annual Report and Notice of
24/03/201111:00 Clicks Group Limited - Trading Statement
24/03/201111:00 IPSA Group Plc - Notifiable Interest
24/03/201110:56 John Daniel Holdings Limited - Cautionary Announcement in relation to the
24/03/201110:54 Hardware - Trading Statement
24/03/201110:52 Poynting Holdings Limited - Renewal of cautionary announcement
24/03/201110:43 BioScience Brands Limited - Further cautionary announcement
24/03/201110:25 Bell Equipment Limited - Acceptance of options by a Director of a major
24/03/201109:40 Coal of Africa Limited - Coal Secures Us$50 Million Facility with Deutsche
24/03/201109:31 African Brick Centre Limited - Cautionary announcement
24/03/201108:52 Eastern Platinum Limited - Management`s discussion and analysis of
24/03/201108:51 Eastern Platinum Limited - Consolidated financial statements of Eastern
24/03/201108:50 Eastern Platinum Limited - Eastern Platinum reports results for the year
24/03/201108:00 Litha Healthcare Group Limited - Reviewed condensed consolidated
24/03/201108:00 Gold Reef Resorts Limited - Dealings in securities by a director
24/03/201108:00GLD - NewGold - Partial De-Listing of Newgold Debentures
24/03/201107:10 British American Tobacco p.l.c.- Transaction in own shares
24/03/201107:05 Illovo Sugar Limited - Changes in Directorate

Click here for more SENS news