Tuesday, 29 March 2011 - 20:00
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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
S.Africa's stocks snap losses, govt bonds weaken
By Gugulakhe Lourie and Stella Mapenzauswa
JOHANNESBURG (Reuters) - South African blue-chip stocks closed around 1.2 percent higher on Tuesday as telecoms, mining and banking shares rebounded.
The rand held steady against the dollar but government bonds retreated, giving up earlier gains after a well-supported weekly auction and as the market prices in higher domestic interest rates towards the end of the year due to rising inflation pressure.
The JSE Top-40 index of blue chips rose 1.22 percent to 28,610.18, reversing two days of losses, while the broader All-share index gained 1.09 percent to 31,718.01.
The rand traded 0.19 percent firmer at 6.8621 against the greenback at 1620 GMT compared with Monday's close at 6.8750.
"It's in quite a tight range, basically trading between 6.85/95. We're really just seeing a little bit of support from equities which is helping the rand slightly," said Nedbank trader Brigid Taylor.
"The rand has been a bit protected by the export market above 6.90 but once that starts to subside we should start to see it back at about 7.00 if not slightly higher. Our bond market is also under a little bit of pressure," Taylor added.
The yield on the benchmark 2015 note climbed 6.5 basis points to 7.825 percent while that on the longer-dated 2026 note added six basis points to 8.995 percent.
Government bonds reversed earlier gains after a weekly bond auction at which the Treasury sold 800 million rand worth of the 2018 note at a bid-to-cover ratio of 2.34 and 1.3 billion rand worth of the 2021 paper at a bid-to-cover ratio of 2.91.
On the bourse, Africa's largest mobile phone group MTN reversed Monday's losses to close at 136 rand, up 3.67 percent on the day and making it the biggest gainer among blue-chips.
Harmony Gold gained 2.74 percent to 99.61 rand after the miner said it had cut costs at its Hidden Valley mine in Papua New Guinea.
Gold Fields increased 2.55 percent to 117.25 rand and platinum producer Lonmin rose 1.66 percent to 186.20 rand.
In financials, Nedbank was up 1.99 percent to 139.11 rand and Standard Bank rose 2.57 percent to 102.36 rand.
Tue, 29 Mar 2011
Top News
French bank BNP Paribas will soon open an office in Nigeria and boost its South African investment banking presence, an official said on Tuesday. Full story
Revenue increased to R33.7 million (R32 million). Gross profit rose to R19.2 million (R18.5 million) and an operating loss of R0.3 million (profit of R2.8 million) was made. A net attributable loss of R2.8 million (profit of R2.3 million) was recorded. In addition, the headline loss from con Full story |
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Plutonium found in soil at the Fukushima nuclear complex heightened alarm on Tuesday over Japan's battle to contain the world's worst atomic crisis in 25 years, as pressure mounted on the prime minister to widen an evacuation zone around the plant. Full storyMuammar Gaddafi's better armed and organised troops reversed the westward charge of rebels and world powers meeting in London piled pressure on the Libyan leader to end his 41-year rule. Full storyForces loyal to Ivory Coast presidential claimant Alassane Ouattara seized two major towns in the western cocoa belt in an offensive that is also picking up momentum in the east of the country. Full story |
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Markets | European shares closed flat on
Tuesday, with Italian lender UBI Banca leading banks lower after
a capital hike, but with miners higher as. . . Full story | | Global stocks rebound on
Tuesday, and the U.S. dollar rose too after a Federal Reserve
official said the U.S. central bank's asset purchase. . . Full story | | The FTSE 100 rose moderately in
light trade on Tuesday with support from miners and upbeat
results from Wolseley outpacing falls in banks. . . Full story | | Gold steadied near $1,420 an
ounce on Tuesday as violence in the Middle East boosted the
metal's safe-haven appeal, but investors remain cautious. . . Full story |
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| U.S. stocks rose on Tuesday
on strength in large-cap tech shares, but continuing global
crises kept investors cautious before the quarter's end.. . . Full story | | The Nikkei share average fell
slightly on Tuesday, bouncing from steep early losses as
investors bought futures in the afternoon when other Asian
bourses. . . Full story | | Australian stocks bounced from early lows to
finish up 0.5 percent at a three-week high on Tuesday, helped by takeover talk,
though volumes. . . Full story | | The euro rose on Monday on
expectations of higher euro-zone interest rates while U.S.
stocks slipped late in the day as concerns about. . . Full story |
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SA Business | South Africa exported 9,255 tonnes of white maize last week compared with 10,105 tonnes in the previous week, the South African Grain Information Service (SAGIS) said on Tuesday.. . . Full story | | South Africa's rand firmed slightly against the dollar on Tuesday but was seen lacking momentum to push through key levels in the absence of key data locally.. . . Full story | | Microsoft South Africa, a unit of the world's largest software firm, will invest 475 million rand in four black-owned software firms to meet black economic empowerment (BEE) rules.. . . Full story |
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| South Africa's central bank
will not be soft on inflation, Reserve Bank Governor Gill Marcus
said on Tuesday, reiterating the Bank was concerned. . . Full story | | Uganda's government said on Tuesday it had taken control of Libya's majority stake in Uganda Telecom, the latest move to freeze. . . Full story | | Zambia's Copperbelt Energy Corp. (CEC), the country's largest supplier of power to its mines, plans to invest over $900 million in. . . Full story | | South African construction firm Group Five may construct a 5 billion rand solar plant to supply power utility Eskom, with first. . . Full story |
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| The African Development Bank (AfDB) has established a $57 million fund for renewable enery projects across the continent, the bank's chief sector specialist said on Tuesday.. . . Full story |
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Company News | Adcock announced the acquisition of the business of Nutrilida Healthcare, ("NutriLida") (the "transaction"), a vitamin, mineral and supplements ("VMS") business based. . . Full story | | A review of the financial results for the six months period ended 28 February 2011 by management has indicated that earnings. . . Full story | | Shareholders were advised that the company's integrated annual report, containing the annual financial statements for the year ended 31 December 2010,. . . Full story | | Chemspec advised shareholders that QuestCo Sponsors (Pty) Ltd ("QuestCo Sponsors") has resigned as designated adviser to the company with immediate effect.. . . Full story |
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| BCX shareholders are referred to the circular dated 9 March 2011 ("circular") regarding the proposed acquisition by BCX of the target. . . Full story | | Mvela Resources and Northam Platinum Ltd ("Northam") announced that the South Gauteng High Court, Johannesburg ("the court") sanctioned the scheme of. . . Full story | | With reference to the trading statement that was released on 22 March 2011, shareholders are advised that the headline loss per. . . Full story | | Accordingly, shareholders are advised that for the year ended 31 December 2010, headline earnings per share is expected to be between. . . Full story |
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Company Results | Net gains on investments and income from operations grew significantly to USD195.9 million (USD66.7 million) and profit from operations more than. . . Full story | | | | Revenue rose to R460.8million (R440.1 million). Operating profit decreased to R16.9 million (R18.3 million), but net attributable earnings improved slightly to. . . Full story | | Business Day reported that Pallinghurst is looking for coking coal and copper assets to add to its diversified asset base as. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 31718.01 | 340.89 | 1.09% | JSE Top 40 | 17:00 | 28610.18 | 345.42 | 1.22% | JSE Gold | 17:00 | 2710.80 | 50.71 | 1.91% | JSE Financial | 17:00 | 21215.51 | 270.05 | 1.29% | JSE Industrial | 17:00 | 31571.23 | 296.22 | 0.95% | JSE Indust 25 | 17:00 | 26468.03 | 279.09 | 1.07% | JSE Resource | 17:00 | 56252.51 | 629.32 | 1.13% | DJ Futures | 20:00 | 12195.00 | 80.00 | 0.66% | DJ Ind | 19:41 | 12262.21 | 64.33 | 0.53% | SP 500 | 19:30 | 1314.78 | 4.59 | 0.35% | Nasdaq | 19:30 | 2746.50 | 15.82 | 0.58% | FTSE 100 | 17:35 | 5932.17 | 27.68 | 0.47% | DAX | 18:00 | 6934.44 | -4.19 | -0.06% | CAC40 | 17:46 | 3987.80 | 10.85 | 0.27% | Nikkei | 08:26 | 9459.08 | -19.45 | -0.21% | Shanghai | 09:22 | 2958.43 | -25.70 | -0.86% | Hang-Seng | 10:26 | 23060.36 | -7.83 | -0.03% | All Ords | 07:38 | 4851.20 | 19.30 | 0.40% | NZSE 50 | 06:12 | 3421.19 | 13.14 | 0.39% |
| | Name | Time | RP | Move | % Move | Gold | 19:58 | 1417.84 | -2.69 | -0.19% | Gold/Rand | 20:00 | 9695.62 | -58.95 | -0.60% | Gold/R kg | 20:00 | 311714 | -1054 | -0.34% | Silver | 19:58 | 37.0130 | -.1070 | -0.29% | Platinum | 19:57 | 1734.00 | -3.00 | -0.17% | Palladium | 19:54 | 750.50 | 7.97 | 1.07% | R157 | 17:06 | 7.79 | .04 | 0.52% | R204 | 17:06 | 8.60 | .04 | 0.47% | Brent Crude | 19:56 | 115.68 | .43 | 0.37% | Rand / Dollar | 19:58 | 6.8383 | -0.0285 | -0.42% | Rand / Pound | 19:55 | 10.9302 | -0.0210 | -0.19% | Rand / Euro | 19:55 | 9.6598 | -0.0184 | -0.19% | Rand / NZD | 19:57 | 5.1952 | 0.0392 | 0.76% | Rand / AUD | 19:55 | 7.0510 | 0.0075 | 0.11% | Yen / Dollar | 19:58 | 82.4300 | 0.7300 | 0.89% | Euro / Dollar | 19:56 | 0.7100 | -0.0002 | -0.03% | Dollar / Euro | 19:56 | 1.4082 | 0.0001 | 0.01% | Pound / Dollar | 19:55 | 0.6256 | 0.0005 | 0.08% |
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The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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29/03/2011 | 198 | 121 | 77 | 396 | 228,178,567 | R10,740,638,240 | 88171 | 1886262 | 28/03/2011 | 137 | 179 | 82 | 398 | 203,154,801 | R8,181,057,585 | 74139 | 1841863 | 25/03/2011 | 186 | 148 | 92 | 426 | 213,958,141 | R10,669,727,515 | 90869 | 1897200 | 24/03/2011 | 220 | 115 | 78 | 413 | 265,580,050 | R13,365,618,952 | 99780 | 2220689 | 23/03/2011 | 229 | 115 | 71 | 415 | 271,350,438 | R13,213,098,518 | 111660 | 2366083 |
Index Summary Index Name | RP | Move | % Move | Top 40 | 28,610.18 | 345.42 | 1.22% | Industrial | 31,571.23 | 296.22 | 0.95% | Mid Cap | 40,320.48 | 141.64 | 0.35% | Small Cap | 31,464.42 | 37.80 | 0.12% | Resource 20 | 56,252.51 | 629.32 | 1.13% | Industrial 25 | 26,468.03 | 279.09 | 1.07% | Financial 15 | 8,046.82 | 111.14 | 1.40% | Financial & Ind. 30 | 29,807.87 | 372.37 | 1.27% | All Share | 31,718.01 | 340.89 | 1.09% | Oil & Gas | 28,737.74 | 328.54 | 1.16% | Mining | 36,823.71 | 411.23 | 1.13% | Gold Mining | 2,710.80 | 50.71 | 1.91% | Platinum Mining | 73.23 | -.08 | -0.11% | Oil & Gas Producers | 15,451.75 | 176.65 | 1.16% | Basic Materials | 31,034.59 | 338.33 | 1.10% | Chemicals | 13,164.20 | -.59 | -0.00% | Forestry & Paper | 14,081.81 | -7.95 | -0.06% | Industrial Metals | 29,313.82 | 464.28 | 1.61% | Industrials | 26,990.93 | 259.73 | 0.97% | General Industrials | 75,319.92 | 1247.10 | 1.68% | Consumer Goods | 25,838.61 | 148.53 | 0.58% | Automobiles & Parts | 3,170.24 | .00 | 0.00% | Household Goods | 157.61 | 1 | 0.93% | Health Care | 31,092.96 | 285.29 | 0.93% | Beverages | 81,619.58 | 1049.08 | 1.30% | Food Producers | 45,934.02 | 56.01 | 0.12% |
| | Index Name | RP | Move | % Move | Personal Goods | 388.02 | -1.40 | -0.36% | Consumer Services | 52,208.99 | -14.62 | -0.03% | General Retailers | 39,387.43 | 105.93 | 0.27% | Travel & Leisure | 3,591.23 | 38.17 | 1.07% | Media | 83,381.75 | -1000.77 | -1.19% | Support Services | 2,389.23 | -9.17 | -0.38% | Telecommunications | 65,951.22 | 1959.75 | 3.06% | Financials | 21,215.51 | 270.05 | 1.29% | Banks | 40,087.38 | 862.59 | 2.20% | Non-life Insurance | 30,675.10 | 424.36 | 1.40% | Life Insurance | 15,892.41 | 16.23 | 0.10% | General Financial | 2,221.24 | 22.00 | 1.00% | Technology | 20,412.56 | 123.22 | 0.61% | SHARIAH TOP40 | 3,234.07 | 45 | 1.42% | FTSE/JSE SHARIAH ALL | 3,282.37 | 43 | 1.32% | COAL MINING | 21,657.92 | -56 | -0.26% | FTSE JSE Fledgling | 4,450.02 | -7 | -0.15% | FTSE/JSE Alt X | 1,022.55 | 3 | 0.30% | SA LISTED PROPERTY | 363.27 | | 1.11% | CAPPED PROPERTY | 302.64 | | 0.83% | RESOURCE | 31,068.56 | 348 | 1.13% | DIVIDEND PLUS | 163.42 | 1 | 0.31% | FTSE/JSE RAFI 40 | 6,653.04 | 77 | 1.17% | Capped Top 40 | 14,894.95 | 179 | 1.22% | Capped All Share | 15,958.45 | 169 | 1.07% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | SAB | SABMILLER PLC | HOLD | 25 Mar | NED | NEDBANK GROUP LTD | HOLD | 24 Mar | PAP | PANGBOURNE PROPERTIES LIM... | HOLD | 24 Mar | SBK | STANDARD BANK GROUP LIMIT... | SELL | 24 Mar | AIP | ADCOCK INGRAM HLGS LD | HOLD | 24 Mar |
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Results Expected** Expected | Company Name | Fin. Date | 30 Mar 2011 | CAPEMR | December 2010 (Final) | 30 Mar 2011 | CAPITEC | February 2011 (Final) | 30 Mar 2011 | CAPITEC-P | February 2011 (Final) | 30 Mar 2011 | IFA | December 2010 (Interim) | 30 Mar 2011 | JUBILEE | December 2010 (Interim) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | STANBANK | 11-03-03 | 11-04-01 | 11-04-11 | R 2.4500 | AFGRI | 11-03-02 | 11-05-13 | 11-05-23 | R 0.2415 | CAPCO | 11-03-02 | 11-04-08 | 11-05-19 | R 0.0100 | SHFINV-PREF | 11-03-01 | 11-04-08 | 11-04-18 | R 3.6200 | SPANJAARD | 11-02-28 | 11-05-20 | 11-05-30 | R 0.1600 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | ASTRAPAKP | 11-03-04 | 11-03-25 | 11-04-04 | R 3.4269 | STANBANK-P | 11-03-03 | 11-03-25 | 11-04-04 | R 3.3790 | BIDVEST | 11-02-28 | 11-03-25 | 11-04-04 | R 2.2500 | TRENCOR | 11-02-28 | 11-03-25 | 11-04-04 | R 1.0000 | SASFIN | 11-03-02 | 11-03-25 | 11-04-04 | R 0.4900 |
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Upcoming AGMs** Code | Company Name | Date | Status | ORE | Orion Real Estate Ltd | 29/03/2011 | Confirmed | TLM | TeleMasters Holdings Ltd | 01/04/2011 | Unconfirmed |
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