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Monday, 18 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.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
Stock markets as businesses and their indices
Over the years there have been a plethora of stock market indices that have been formulated, published and indeed even marketed. There are many uses for these indices, including benchmarking of a portfolio’s performance against an average, having a starting point from which to construct the portfolio and in the case of ETF’s (exchange traded funds) even creating a product in which investors can invest.
Over the years numerous indices have been created, each one slightly different from the next. World indices include companies from around the world, usually with a weighting to the relative sizes of the exchanges in each of the countries represented.
Because most major countries have at least one exchange, which lists the largest companies trading in that area, the most common indices are the country specific indices. Included here would be the likes of :
• the FTSE/JSE Top 40. This index commenced in 2002 and includes the top 40 companies on the JSE by market capitalisation.
• The FTSE 100. This index was developed with a base of 1000 as at January 1984. It is a capitalisation weighted index of the 100 most highly capitalised companies traded on the London Stock Exchange.
• The DAX. This is an index of the 30 major German companies trading on the Frankfurt Stock Exchange.
• The Nikkei 225, or more commonly called the Nikkei is a market index for the Tokyo Stock Exchange calculated on a price weighted basis since 1950.
• S&P500 is a free float market capitalisation index published since 1957 of the prices of 500 large cap shares which are actively traded in the United States on either the New York Stock Exchange or the Nasdaq.
Stock exchanges themselves are substantial businesses. Locally the JSE, which was previously run as a mutual business, incorporated as the JSE Ltd and listed its business on its own exchange. It currently has a market capitalisation of R5,6 billion.
Globally we are seeing merger activity and attempts to do major cross border mergers in an attempt to crate bigger and bigger global exchanges.
The London Stock Exchange (LSE) is currently proposing a merger with Canada’s TMX Group - which owns the Toronto and Montreal exchanges. The LSE has a market capitalisation of GBP 2,36 billion. If this deal goes ahead the combined value of this merger will be in the region of $6,9 billion.
The world’s second and third biggest in terms of revenue, Deutsche Borse and NYSE Euronext announced that they were in advanced merger talks. This will create the world’s second most valuable stock exchange group with a combined value of around $24 billion.
Singapore Exchange made a bid of A$8,4 billion for the Australia stock exchange, the ASX. But this has been rejected by the Australian government.
Nasdaq is attempting to upset the NYSE deal with Deutsche Borse and itself buy out the New York Stock Exchange (NYSE). Nasdaq is the largest electronics screen based equity securities trading market in the US and is the second largest in the world in terms of market capitalisation. But this is going to be a difficult deal to get through antitrust regulations and has not been welcomed by the NYSE.
Typically these exchange businesses have been successful. They tend to have few competitors in their specific region or country, but with the world becoming smaller from an ease of access perspective and companies more and more multinational, they themselves are having to create bigger scale to firstly retain and secondly to grow their business.
Kind regards
Ian de Lange
info@seedinvestments.co.za
www.seedinvestments.co.za
021 9144 966
Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-04-18T135734Z_01_AJOE73H12S000_RTROPTP_3_OZABS-SAFRICA-MARKETS-20110418.JPG "Electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton") South African markets fell on Monday as investors turned their backs on risky assets due to renewed fears that a European debt crisis is far from over and a downgrade in one agency's U.S. credit rating outlook. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-04-18T154604Z_01_AJOE73H17SV00_RTROPTP_3_OZABS-GOLDFIELDS-LACIMA-20110418.JPG "Gold bars are displayed at South Africa's Rand Refinery in Germiston") Gold Fields, the world's fourth largest listed gold miner, confirmed on Monday it had bought for $379 million nearly all the shares of its Peruvian subsidiary La Cima it did not already own. Full story |
 Rioting erupted across Nigeria's largely Muslim north on Monday and the Red Cross said many people were killed as youths torched churches and homes in anger at President Goodluck Jonathan's election victory. Full story  Most Japanese want a new prime minister to lead rebuilding after last month's earthquake and tsunami, newspaper polls showed on Monday, as the head of government was again scolded in parliament for his handling of the nuclear crisis that followed. Full story  A chartered ship evacuated nearly 1,000 foreign workers and wounded Libyans from Misrata on Monday as government artillery bombarded the besieged city that now symbolises the struggle against Muammar Gaddafi's rule. Full story |
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Markets |
The U.S. stock market
tumbled in heavy volume on Monday as Standard & Poor's
downgraded the credit outlook of the United States, adding. . . Full story |
Britain's top shares fell
sharply on Monday as ratings agency S&P cut its U.S. credit
outlook to negative, but some investors doubt this. . . Full story |
Gold prices rallied
toward record highs near $1,500 an ounce on Monday after
Standard & Poor's downgraded its credit outlook for the United
States. . . Full story |
Worries over Europe's debt
crisis spurred a sell-off in global stocks and the euro
currency on Monday, with a downgrade of the U.S.. . . Full story | |||
European shares hit a
three-week low on Monday after S&P cut its credit outlook for
the United States to "negative" from "stable", and. . . Full story |
Hong Kong shares slipped on
Monday, and property and energy shares will probably keep
dragging on the broader market as foreign investors are. . . Full story |
. . . Full story |
Australian shares closed 0.2
percent higher on Monday after recovering metals prices
cushioned early weakness, although major miners BHP Billiton
and Rio. . . Full story | ||||
SA Business |
South Africa's rand and bonds fell sharply on Monday as investors dumped risky assets on fears about debt restructuring in Greece. . . Full story |
South Africa has found widespread violations during an audit of miners and other mineral rights holders in the country, minerals minister. . . Full story |
South Africa's second-biggest grocery retailer Pick n Pay Stores posted an 18.4 percent decline in full-year profit on Monday, missing expectations,. . . Full story |
South Africa's rand recovered some of its footing against the dollar on Monday but remained vulnerable to risk aversion which helped. . . Full story | |||
The African Development
bank is cutting its 2011 growth forecast for the continent
mainly due to political unrest in North Africa, AfDB Chief
Economist Mthuli Ncube said on Monday.
The AfDB will give its formal. . . Full story | South African builder Murray & Roberts said on Monday executives of its unit Concor Ltd may have transgressed the competition Act in some tender projects, sending its shares lower.. . . Full story | South Africa's largest listed property firm Growthpoint said its Australian unit offered to buy all of the linked units in Rabinov Property Trust, as part of its stated strategy to more. . . Full story |
Company News |
Shareholders are referred to the cautionary announcements dated, 30 December 2010 and 14 February 2011 and are advised that the company. . . Full story |
The board of directors of AdaptIT ("the board") hereby notifies its shareholders of the following changes:. . . Full story |
Further to the cautionary announcement dated 4 March 2011, shareholders are advised that negotiations are still in progress which, if successfully. . . Full story |
The company advised that its basic and headline earnings per share for the year ended 31 March 2011, are expected to. . . Full story | |||
Further to the joint cautionary announcements dated 8 December 2010, 21 January and 4 March 2011, Sun International Ltd ("SunInt") and. . . Full story |
Evraz Group SA has nominated Mike Garcia to the Remuneration and Nominations Committee ("the committee") of Evraz as a candidate for. . . Full story |
Shareholders were advised that, following the voluntary announcement of the reviewed condensed consolidated results for the year ended 28 February 2011,. . . Full story |
Shareholders were advised that, following the voluntary announcement of the reviewed condensed consolidated results for the year ended 28 February 2011,. . . Full story | ||||
Company Results | Contract revenue rose significantly to R386.6 million (R248.6 million), but gross profit dropped to R43.8 million (R57.1 million). Operating profit fell. . . Full story | Headline earnings for the year amount to R423.4 million (R549.9 million). As a result, headline earnings per share from continuing operations. . . Full story | Turnover. . . Full story | The net profit for the period amounted to R31 million (profit of R2.6 million). In addition, a headline loss per share. . . Full story |
World Markets (Spot Prices)
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Click here for the Sharenet Spot Price page
The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 18/04/2011 | 86 | 275 | 70 | 431 | 309,928,429 | R13,037,551,462 | 103004 | 2255963 |
| 15/04/2011 | 138 | 165 | 97 | 400 | 314,291,948 | R11,231,575,882 | 92021 | 1900066 |
| 14/04/2011 | 149 | 168 | 91 | 408 | 262,351,618 | R12,143,488,835 | 103431 | 2026385 |
| 13/04/2011 | 173 | 149 | 74 | 396 | 287,045,805 | R12,191,506,387 | 87265 | 1930759 |
| 12/04/2011 | 86 | 265 | 80 | 431 | 266,083,945 | R12,023,754,615 | 98390 | 2054868 |
Major Moves Up
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Major Moves Down
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New Highs
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New Lows
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Index Summary
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Click here for the Sharenet Index Summary page
Latest Consensus Changes**
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Results Expected**
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Recent Dividends**
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Ex Div**
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Upcoming AGMs**
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Stock Exchange News Service
| Date | Time | Headline |
| 18/04/2011 | 17:47 | Pinnacle Point Group - Proforma financial effects of the claw back offer |
| 18/04/2011 | 17:44 | Adaptit Holdings Limited - Change to the board of directors |
| 18/04/2011 | 17:41 | IFCA Technologies Limited - Renewal of cautionary announcement |
| 18/04/2011 | 17:34 | Allied Technologies Limited - Altech announces 25% Black Economic |
| 18/04/2011 | 17:29 | TOPDWJ - Deutsche Bank AG - Notice : Termination of listing - TOPDWJ - Index |
| 18/04/2011 | 17:26 | EXT - Extract Resources Limited - Quarterly reports - for the period ending 31 |
| 18/04/2011 | 16:46 | Gold Fields Limited - Media release |
| 18/04/2011 | 16:42 | PBT Group Limited - Changes to the board of directors |
| 18/04/2011 | 16:37 | Oceana Group Limited - Trading Statement |
| 18/04/2011 | 16:05 | Murray & Roberts Holdings Limited - Fast track competition submission |
| 18/04/2011 | 15:57 | Pinnacle Technology Holdings Limited - Dealing in securities by director |
| 18/04/2011 | 15:54 | Pinnacle Technology Holdings Limited - Dealing in securities by director |
| 18/04/2011 | 15:35 | Sentula Mining Limited - Renewal of Cautionary Announcement |
| 18/04/2011 | 15:30 | ZGOVI - THE Zshares ETF Scheme - Withdrawal of ZGOVI participatory interests |
| 18/04/2011 | 15:30 | Old Mutual Plc - Notification of transactions of directors, persons |
| 18/04/2011 | 15:30 | - The Foschini Group Limited - Trading statement |
| 18/04/2011 | 15:29 | Massmart Holdings Limited: - Trading of Massmart ordinary shares on behalf |
| 18/04/2011 | 15:27 | Control Instruments Group Limited - Purchase of shares by directors |
| 18/04/2011 | 15:15 | African Eagle Resources plc - Farm-in signed on Miyabi Gold Project, |
| 18/04/2011 | 14:31 | Metmar Limited - Cautionary announcement |
| 18/04/2011 | 14:30 | Metmar Limited - Change to the board of directors ("BOARD") |
| 18/04/2011 | 14:29 | Real Africa Holdings Limited - Renewal of cautionary announcement |
| 18/04/2011 | 14:28 | SUI/GPL - Sun International Limited/Grand Parade Investments Limited - |
| 18/04/2011 | 14:18 | Nedbank Group - Dealing in Securities by Aka-Nedbank Eyethu Trust |
| 18/04/2011 | 14:18 | Iliad Africa Limited - Resignation of Executive Director |
| 18/04/2011 | 14:00 | PSG/ PGFP - PSG Group / PSG Financial - Reviewed results for the year ended 28 |
| 18/04/2011 | 14:00 | Evraz Highveld Steel and Vanadium Limited - Nomination of Chief Executive |
| 18/04/2011 | 13:50 | PIK/PWK - Pick n Pay - Annual Report and Notice of Annual General Meeting |
| 18/04/2011 | 13:00 | New Europe Property Investments plc - Dealing in securities |
| 18/04/2011 | 12:56 | Ububele Holdings Limited - Voluntary announcement and withdrawal of |
| 18/04/2011 | 12:13 | Bell Equipment Limited - Dealing in securities by an associate of a |
| 18/04/2011 | 11:57 | ABSW15 - ABSA Bank Limited - Notice of expiry and maturity |
| 18/04/2011 | 11:54 | Growthpoint Properties Limited - Recommended offer for all the units in |
| 18/04/2011 | 10:12 | SCIB : Standard Bank - Notice of expiry of Standard Bank warrants |
| 18/04/2011 | 09:51 | Mercantile - Cautionary Announcement |
| 18/04/2011 | 09:39 | GLD - NewGold Issuer Limited - Listing of additional Newgold debentures |
| 18/04/2011 | 08:53 | GEN - General - IFC - Late submission of provisional financial statements |
| 18/04/2011 | 08:38 | Bauba Platinum Limited - Reviewed interim results for the six month |
| 18/04/2011 | 08:06 | Eastern Platinum Limited - Eastplats reports production results for the |
| 18/04/2011 | 08:00 | PWK/PIK - Pick n Pay Holdings Limited/Pick n Pay Stores Limited - Reviewed |
| 18/04/2011 | 08:00 | ZCI Limited - Correction of term loan agreement between ZCI and African |
| 18/04/2011 | 07:11 | GEN - Litha Healthcare Group (South Africa): Shares in Issue Update - FTSE/JSE |
| 18/04/2011 | 07:10 | MND/MNP - Mondi - Publication of a Prospectus |
| 18/04/2011 | 07:10 | British American Tobacco p.l.c. - Transaction in own shares |
| 18/04/2011 | 07:10 | GEN - Northam Platinum Ltd (South Africa): Investability Weighting Change |
| 18/04/2011 | 07:05 | Firestone Energy Limited - Sekoko Coal Sign Agreements with IDC |
| 18/04/2011 | 07:05 | BHP Billiton Plc - Transaction in shares |
| 18/04/2011 | 07:05 | B & W Instrumentation and Electrical Limited - Reviewed consolidated |
| 18/04/2011 | 07:05 | SAL/SALD - Sallies Limited - Renewal of Cautionary Announcement |
| 18/04/2011 | 07:05 | Gold One International Limited - Appendix 3B new issue announcement, |
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