The Sharenet Daily 
Tuesday, 12 April 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.

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SA Business
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Company Results
World Markets (Spot Prices)
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Major Moves
Index Summary
Latest Consensus Changes / Results Expected
Recent Dividends / Ex Div
Upcoming AGMs
Stock Exchange News Service (SENS)
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Charts
 
Global economic worries weigh on S.Africa's assets

By Phumza Macanda and Tiisetso Motsoeneng

JOHANNESBURG (Reuters) - South African bonds weakened against the dollar on Tuesday partly on limited foreign participation at an auction earlier in the session.

The rand fell against the dollar as emerging markets lost out to safer assets after the International Monetary Fund warned of threats to the global economic recovery.

Bonds weakened after poor demand at the auction.

The yield on the 2015 bond went up two basis points to 7.785 percent and that on the 2026 issue climbed nine basis points to 8.785 percent.

"There's still a lot of paper in the market after the auction. I don't think the foreigners came to the party much today and we rely on them to keep yields lower," said Ashley Dickinson, bonds trader at Renaissance BJM.

"Yields are going to struggle to go much lower, we've tested the bottom. If anything ... bonds are going to go weaker," he added.

Investors turned their backs on emerging markets after the IMF highlighted risks to the global recovery and Japan raised the level of its nuclear crisis.

Domestic stocks followed global markets down, led by mining shares.

The rand -- a heavily traded currency that is seen as a barometer for risk sentiment -- hit a one-week low of 6.7350 to the dollar and fell to its weakest in nearly three weeks against the euro.

By 1550 GMT, it was trading at 6.7235 to the dollar, 0.5 percent weaker than Monday's New York close of 6.6885.

Should the rand pierce 6.77, it will be seen a signal for further losses. The 6.77 level is the 23.6 percent retracement of the rand's fall in mid-March to 7.2150.

Given the bare local economic calendar, local assets will likely take their cue from global developments.

BOURSE DOWN

On the bourse, the JSE Top-40 blue-chip index was down 1.92 percent at 29,025.16 points and the broader All-share index gave up 1.75 percent to 32,239.87.

In addition to the IMF report, Alcoa's below-forecast revenue added to the bearish sentiment.

"There's fear generally about global economic growth ... also Alcoa results missed expectations," Martin Lentsoane, a trader at NEWS Trading said.

Miners took the most points off the South African blue-chip index, tracking commodity prices as Japan's worsening nuclear crisis and aftershocks weakened prospects for metals demand growth.

Anglo American dropped 4.57 percent to 348.81 rand, making it the biggest percentage loser on the benchmark index.

Sasol lost 3.35 percent to 374 rand, as the price of oil fell after Goldman Sachs call for a near $20 fall in the price of Brent crude oil.

Palabora Mining shed 3.71 percent to 141.55 rand after the unit of Rio Tinto said quarterly ore output fell 8 percent.

Tue, 12 Apr 2011
Top News
[IMAGE]
Sub-Saharan Africa investment banking fees doubled in the first quarter of 2011 from a year ago, with equity market operations posting their strongest first quarter performance since a 2007 regional boom.  Full story

[IMAGE]
South Africa's blue-chip Top-40 index dropped more than 1 percent in early trading on Tuesday as it tracked a fall in global equity markets, which were hit by a global rout in commodity prices.  Full story
Japan's nuclear crisis is slowly stabilising and the country must now focus on repairing the damage wrought by the devastating earthquake and tsunami that struck the northeast coast a month ago, Prime Minister Naoto Kan said.  Full story
Libyan rebels reported heavy fighting in the besieged city of Misrata on Tuesday after France said NATO must step up bombing to stop Muammar Gaddafi's forces attacking civilians.  Full story
Ivory Coast's internationally recognised president, Alassane Ouattara, called for peace after his rival was arrested with the help of French forces, but he faces a huge task reuniting a country shattered by civil war.  Full story
 
Markets
Britain's top share index fell sharply on Tuesday, led by commodity stocks which suffered partly from concerns over the nuclear crisis in Japan. . .  Full story
U.S. stock indexes slid 1 percent on Tuesday as oil prices sank and Alcoa's leaner-than-expected revenue started the earnings season on a disappointing note.. . .  Full story
European stocks suffered their biggest one-day fall in a month on Tuesday, with the main indexes breaking below their 50-day moving averages, as. . .  Full story
Gold dropped 1 percent on Tuesday, on track for its biggest fall in a month, as a sharp drop in crude oil following. . .  Full story

Oil prices dropped sharply for a second day on Tuesday, and helped drag stock prices down around the world, after Goldman Sachs warned. . .  Full story
U.S. stocks fell on Tuesday after a disappointing revenue miss from Alcoa to start off the earnings season and a sell-off in commodities,. . .  Full story
Tumbling oil and commodity prices weighed on shares of resource companies in Hong Kong and Shanghai on Tuesday, pulling the Hang Seng index. . .  Full story
European shares fell early on Tuesday after Japan raised the severity of its nuclear crisis to the highest level and Alcoa missed revenue. . .  Full story
SA Business
South Africa's government bonds and the rand weakened on Tuesday as local traders prepared for an auction later in the session and the currency staged a short term correction from 3-month highs.. . .  Full story

Senegal will likely launch a debut sovereign Islamic bond in 2011 of around $200 million, said the chief operating officer at the Islamic Corporation for the Development of the Private Sector. . .  Full story
South Africa exported 47,484 tonnes of white maize last week compared with 40,141 tonnes in the previous week, the South African Grain Information Service (SAGIS) data showed on Tuesday.. . .  Full story
Cheap Chinese exports have decimated Brazil's shoe industry and South Africa's textile sector. India has slapped anti-dumping duties on an array of Chinese goods. Russia is sparring with Beijing over the price of oil it. . .  Full story
Company News
Shareholders were referred to cautionary announcements released on SENS and published in the press, the last of which was dated 1. . .  Full story
With reference to the announcement released on SENS on 28 March 2011, shareholders were advised that the special resolution relating to. . .  Full story
Further to the cautionary announcement dated 1 March 2011, shareholders are advised that negotiations are still in progress with Pride Milling. . .  Full story
RBPlat announced the appointment of Matsotso Vuso as a non-executive director to its board with effect from 12 April 2011. Following. . .  Full story

Further to the cautionary announcement dated 25 February 2011 shareholders are advised that negotiations relating to a possible acquisition by the company are still in progress, which if successfully concluded, may. . .  Full story
The company's annual financial statements for the year ended 31 December 2010, included in the annual report posted on 12 April 2011, are unchanged from the audited results which were published. . .  Full story
Shareholders were advised that the annual financial statements will be distributed to shareholders on 12 April 2011 and contain no modifications to the audited results which were published on SENS on. . .  Full story
Company Results
Investment income dropped by almost half to R22.8 million (R41.2 million). However, net attributable profit more than doubled to R259.1 million (R123.6 million). In addition, headline earnings on a per share basis was up slightly to 18.9cps (17.3cps). Dividend A final ordinary dividend of 4cps has been declared. Outlook Zeder remains confident in the continued importance of the agri, food and beverage sectors and will continue investing in such. Current cash of R206 million and. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0032239.87-574.56-1.75%
JSE Top 4017:0029025.16-569.63-1.92%
JSE Gold17:002771.02-29.50-1.05%
JSE Financial17:0021664.13-136.73-0.63%
JSE Industrial17:0031900.00-326.07-1.01%
JSE Indust 2517:0026629.31-288.80-1.07%
JSE Resource17:0057424.82-1801.54-3.04%
DJ Futures19:5612220.00-82.00-0.67%
DJ Ind19:2112269.37-111.74-0.90%
SP 50019:101313.50-10.96-0.83%
Nasdaq19:102745.87-25.64-0.93%
FTSE 10017:355964.47-88.97-1.47%
DAX18:007102.91-101.95-1.42%
CAC4017:403976.60-62.10-1.54%
Nikkei08:269555.26-164.44-1.69%
Shanghai09:223023.33.790.03%
Hang-Seng10:3623976.37-326.70-1.34%
All Ords08:374990.20-74.70-1.47%
NZSE 5007:263451.34-9.98-0.29%
NameTimeRPMove% Move
Gold19:591451.95-11.77-0.80%
Gold/Rand19:589779.46-2.95-0.03%
Gold/R kg19:56314604-828-0.26%
Silver19:5940.0650-.1850-0.46%
Platinum19:591766.50-13.80-0.78%
Palladium19:59762.00-13.00-1.68%
R15717:007.78.040.52%
R20417:008.42.050.60%
Brent Crude19:56121.17-3.09-2.49%
Rand / Dollar19:596.73620.05240.78%
Rand / Pound19:5510.92280.03040.28%
Rand / Euro19:559.76080.11621.20%
Rand / NZD19:585.29040.07191.38%
Rand / AUD19:557.05900.04450.63%
Yen / Dollar19:5983.6700-1.0300-1.22%
Euro / Dollar19:550.6898-0.0028-0.40%
Dollar / Euro19:591.44870.00530.37%
Pound / Dollar19:550.61460.00310.51%

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The JSE Today
Trading Statistics
DateAdv.Decl.Unch.ActivesVolumeValueTradesOrders
12/04/20118626580431266,083,945R12,023,754,615983902054868
11/04/201113817290400261,279,957R13,981,320,9061020901616361
08/04/201120014481425335,609,147R15,198,842,0761168881809367
07/04/201114020584429260,190,578R13,173,671,7891094182075935
06/04/201124210970421290,764,685R13,563,693,7541065651929190

Major Moves Up
SharenameSaleMove% MoveVolume
1 WITSGOLD  53903747.46.%1750
2 RANGOLD  309196.55.%604
3 SPURCORP  1399594.40.%214941
4 NICTUS  12554.17.%4250
5 AFRIMAT  350144.17.%40000
6 TREMATON  14553.57.%1000
7 COMAIR  21662.86.%13180
8 UCS  21052.44.%18304
9 ALTRON  2663632.42.%27192
10 HULAMIN  728172.39.%66306
11 GOLDREEF  1627271.69.%15665
12 PINNACLE  685101.48.%90800
13 DISTELL  73001001.39.%12644
14 KEATON   34041.19.%56396
15 BASREAD  1280151.19.%73375
16 ACUCAP  3540401.14.%15562
17 ALTRON-P  2579291.14.%83081
18 CBH  37741.07.%8200
19 JUBILEE  29931.01.%70685
20 DCENTRIX  49040.82.%47684

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Major Moves Down
SharenameSaleMove% MoveVolume
1 AFEAGLE  130-20-13.33.%192600
2 ANOORAQ  781-69-8.12.%42627
3 MARSHALL  600-49-7.55.%1198
4 SOVFOOD  525-42-7.41.%1935
5 URONE  2601-170-6.13.%56447
6 DELTA  730-45-5.81.%38
7 INVICTA  4400-250-5.38.%4514
8 ONELOGIX  128-7-5.19.%84148
9 COAL  868-47-5.14.%272913
10 AFRO-C  190-10-5.00.%57857
11 GRANPRADE  295-15-4.84.%100598
12 ANGLO  34881-1669-4.57.%3362476
13 EASTPLATS  945-45-4.55.%14158
14 SABVEST-N  850-40-4.49.%1518
15 DAWN  710-30-4.05.%232331
16 GOLDONE  321-12-3.60.%244614
17 DRDGOLD  349-13-3.59.%872356
18 PAN-AF  115-4-3.36.%465850
19 SASOL  37400-1295-3.35.%3071734
20 NASPERSN  36450-1183-3.14.%1367799

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New Highs
SharenameSaleHighMove% MoveVolume
1 NICTUS  12512554.17.%4250
2 CBH  37738541.07.%8200
3 EOH  19301950-5-0.26.%94086
4 LIFEHC  16571719-24-1.43.%1055016

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New Lows
SharenameSaleLowMove% MoveVolume
1 EHSV  61595815-141-2.24.%412115
2 ALTECH  55265524-64-1.14.%577460

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Index Summary
Index NameRPMove% Move
Top 4029,025.16-569.63-1.92%
Industrial31,900.00-326.07-1.01%
Mid Cap41,448.78-338.29-0.81%
Small Cap32,248.35-149.09-0.46%
Resource 2057,424.82-1801.54-3.04%
Industrial 2526,629.31-288.80-1.07%
Financial 158,219.58-52.50-0.63%
Financial & Ind. 3030,101.06-280.48-0.92%
All Share32,239.87-574.56-1.75%
Oil & Gas 28,355.60-979.67-3.34%
Mining 37,765.77-1135.59-2.92%
Gold Mining2,771.02-29.50-1.05%
Platinum Mining74.78-1.05-1.38%
Oil & Gas Producers 15,246.28-526.75-3.34%
Basic Materials 31,838.23-926.01-2.83%
Chemicals 13,318.9611.680.09%
Forestry & Paper 14,128.50-253.43-1.76%
Industrial Metals 30,815.48-716.76-2.27%
Industrials 27,592.38-310.22-1.11%
General Industrials 75,699.03-881.92-1.15%
Consumer Goods 26,058.18-84.04-0.32%
Automobiles & Parts 3,045.7011.330.37%
Household Goods162.2510.51%
Health Care 31,614.20-265.35-0.83%
Beverages 82,866.85-47.85-0.06%
Food Producers 47,168.56-421.20-0.89%
Index NameRPMove% Move
Personal Goods 383.62-2.60-0.67%
Consumer Services 52,504.98-946.45-1.77%
General Retailers 41,160.32-544.47-1.31%
Travel & Leisure 3,605.77-.27-0.01%
Media 80,505.12-2538.59-3.06%
Support Services 2,440.43-7.72-0.32%
Telecommunications 66,008.79-655.53-0.98%
Financials 21,664.13-136.73-0.63%
Banks 40,800.93-291.65-0.71%
Non-life Insurance 30,432.61-121.25-0.40%
Life Insurance 16,292.30-43.33-0.27%
General Financial 2,276.30-27.86-1.21%
Technology 20,537.084.620.02%
SHARIAH TOP40 3,291.53-88-2.62%
FTSE/JSE SHARIAH ALL3,343.57-84-2.45%
COAL MINING23,201.14-504-2.13%
FTSE JSE Fledgling 4,528.11-22-0.48%
FTSE/JSE Alt X 992.68-20-2.00%
SA LISTED PROPERTY 372.85-0.34%
CAPPED PROPERTY 309.92-0.40%
RESOURCE 31,700.61-972-2.97%
DIVIDEND PLUS167.98-1-0.81%
FTSE/JSE RAFI 406,755.07-112-1.63%
Capped Top 4015,077.91-264-1.72%
Capped All Share16,199.69-272-1.65%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
ADHADVTECH LIMITEDBUY07 Apr
GRFGROUP FIVE LIMITEDHOLD06 Apr
MURMURRAY AND ROBERTS HOLDIN...HOLD06 Apr
AEGAVENG LIMITEDBUY06 Apr
WBOWILSON BAYLY HOLMES-OVCON...BUY06 Apr
Results Expected**
ExpectedCompany NameFin. Date
13 Apr 2011PALCAPFebruary 2011 (Final)
14 Apr 2011CLICKSFebruary 2011 (Interim)
14 Apr 2011IFCATECHDecember 2010 (Final)
14 Apr 2011IQUADFebruary 2011 (Final)
18 Apr 2011INGENUITYFebruary 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
VIVIDEND11-04-0811-04-2811-05-09R 0.0996
PHUMELELA11-04-0811-04-2811-05-09R 0.2500
SBR00311-04-0511-04-1911-05-05R 1.4100
NAIL11-04-0511-04-1911-05-03R 0.1760
NAIL -N-11-04-0511-04-1911-05-03R 0.1760
Ex Div**
Share NameDec-DateLDTPay-DateAmount
SHFINV-PREF11-03-0111-04-0811-04-18R 3.6200
CERAMIC11-03-0811-04-0811-04-18R 1.4000
AECI11-02-2211-04-0811-04-18R 1.3500
WBHO11-02-2111-04-0811-04-18R 1.1000
GROUP 511-02-1411-04-0811-04-18R 0.5200

Upcoming AGMs**
CodeCompany NameDateStatus
MRFMerafe Resources Ltd13/04/2011Unconfirmed
CILConsolidated Infrastructure Group Ltd15/04/2011Confirmed
ZPTZaptronix Ltd19/04/2011Confirmed
IDEIdeco Group Ltd19/04/2011Confirmed

Stock Exchange News Service
DateTimeHeadline
12/04/201117:45NFSH40/RAFIND/RAFISA/NEWFSA/RAFFIN - NewFunds - Resignation of Directors
12/04/201117:41 Compu-Clearing Outsourcing Limited - Withdrawal of cautionary
12/04/201117:40 Exxaro - Dealings in securities by directors of Exxaro and its major
12/04/201117:27GEN - FTSE/JSE Africa Index Series - Glenrand MIB Ltd (South Africa): Scheme of
12/04/201116:10 Exxaro - Trading of Exxaro ordinary shares on behalf of the Exxaro
12/04/201116:00 Palabora Mining Company Limited - First quarter 2011 - operations
12/04/201116:00 Dorbyl Limited - Trading Statement
12/04/201115:47 Fountainhead Property Trust - Revised results of the rights offer
12/04/201115:38 Eastern Platinum Limited - Amendment to Stock Option Pricing
12/04/201115:28 Paladin Capital Limited - Trading statement for the year ended 28 February
12/04/201115:23 Old Mutual Plc - Notification of transactions of directors, persons
12/04/201115:22 Old Mutual Plc - Notification of transactions of directors, persons
12/04/201115:21 Old Mutual Plc - Notification of transactions of directors, persons
12/04/201115:20 Old Mutual plc - Notification of major interest in shares
12/04/201114:40 Merafe Resources Limited - Dealings in securities by executive directors
12/04/201114:31 Aspen Pharmacare Holdings Limited - Dealing in securities by director of
12/04/201114:25 Anglo Platinum Limited - Revised salient dates
12/04/201114:25 SA French Limited - Updated Notice of Special General Meeting
12/04/201113:01SLMNIH - Nedbank Limited - Dividend distribution announcement in relation to the
12/04/201112:37 Basil Read Holdings Limited - Voluntary Business Update
12/04/201112:31 AFGRI Limited - Renewal of Cautionary Announcement
12/04/201112:00 Royal Bafokeng Platinum Limited - Appointment of Non-Executive Director
12/04/201111:59 Resilient Property Income Fund Limited - Dealing In Securities
12/04/201111:56FFA/FFB - Fortress Income Fund Limited - Dealing in securities
12/04/201111:22BK - Nedbank Group Limited - Dealing in Securities by Non-executive
12/04/201110:46 Erbacon Investment Holdings Limited - Renewal of Cautionary Announcement
12/04/201110:00 Mustek Limited - Further Cautionary Announcement
12/04/201109:00GND & GNDP - Grindrod - No change statement and Notice of Annual General Meeting
12/04/201108:15 The Bidvest Group Limited - Change in Transfer Secretaries
12/04/201108:00 Jubilee Platinum Plc - Voluntary Update Announcement on Acquisition
12/04/201108:00GLD - NewGold Issuer Limited - Listing of additional Newgold debentures
12/04/201108:00 Tiger Brands Limited - Board appointment and resignations
12/04/201107:10 British American Tobacco p.l.c. - Transaction in own shares
12/04/201107:05 BHP Billiton Plc - Transaction in shares
12/04/201107:05 Super Group - Introduction of New Strategic Partner for SG Fleet
12/04/201107:05 Kumba Iron Ore Limited - No change statement and notice of Annual General
12/04/201107:05 Kairos Industrial Holdings Limited - Renewal of Cautionary Announcement

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