The Sharenet Daily 
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
Top News
SA Business
Company News
Company Results
World Markets (Spot Prices)
JSE Today
JSE Trading Statistics
Major Moves
Index Summary
Latest Consensus Changes / Results Expected
Recent Dividends / Ex Div
Upcoming AGMs
Stock Exchange News Service (SENS)

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
021 9144 966

Mon, 18 Apr 2011
Top News
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

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
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)
NameTimeRPMove% Move
JSE Overall17:0031388.63-839.03-2.60%
JSE Top 4017:0028163.42-840.27-2.90%
JSE Gold17:002771.14-39.95-1.42%
JSE Financial17:0020922.70-398.07-1.87%
JSE Industrial17:0031282.97-771.99-2.41%
JSE Indust 2517:0026061.36-708.51-2.65%
JSE Resource17:0055658.30-1854.70-3.22%
DJ Futures20:0012075.00-228.00-1.85%
DJ Ind19:1512128.48-213.35-1.73%
SP 50019:001298.43-21.25-1.61%
FTSE 10017:355870.08-125.93-2.10%
All Ords08:384945.406.100.12%
NZSE 5007:563465.1712.490.36%
NameTimeRPMove% Move
Gold/R kg20:0033007373732.28%
Brent Crude19:56122.00-1.79-1.45%
Rand / Dollar19:596.86420.06730.99%
Rand / Pound19:5511.12180.06330.57%
Rand / Euro19:559.7668-0.0294-0.30%
Rand / NZD19:585.4158-0.0174-0.32%
Rand / AUD19:557.21600.04300.60%
Yen / Dollar19:5882.4400-0.6800-0.82%
Euro / Dollar19:550.70260.00921.33%
Dollar / Euro19:591.4234-0.0182-1.26%
Pound / Dollar19:550.61520.00250.41%

Click here for the Sharenet Spot Price page
The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 CBH  4406316.71.%62330
2 AFRO-C  205157.89.%108914
3 KGMEDIA  18001096.45.%1712
4 RAINBOW  1790704.07.%7331
5 SENTULA  28572.52.%906469
6 ADCORP  2740401.48.%3400
7 ASSORE  215882381.11.%79904
8 PSG  4275451.06.%148678
9 CAT  1440151.05.%10340
10 OANDO  32130.94.%952
11 GOLDONE  32930.92.%464103
12 CIPLAMED  67960.89.%813451
13 BELL  1320100.76.%105068
14 ACUCAP  3545260.74.%41849
15 FAMBRANDS  3980290.73.%56797
16 OMNIA  7190390.55.%239675
17 HCI  7689390.51.%13799
18 HUDACO  8240400.49.%39016
19 ALTRON-P  2575100.39.%983576
20 CML  185550.27.%587825

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Major Moves Down
SharenameSaleMove% MoveVolume
1 MMG  130-30-18.75.%29505
2 EASTPLATS  790-150-15.96.%272026
3 RANGOLD  265-22-7.67.%1872
4 SOVFOOD  536-44-7.59.%9061
5 COAL  827-58-6.55.%114417
6 TRADEH  595-40-6.30.%17172
7 PICKNPAY  4180-240-5.43.%3122390
8 ARCMITTAL  8417-458-5.16.%1019626
9 KEATON   332-18-5.14.%52000
10 EHSV  5889-311-5.02.%170821
11 AQUARIUS  3680-190-4.91.%9799
12 ARGENT  830-40-4.60.%63500
13 ANGLO  33300-1600-4.58.%3377717
14 MVELARES  397-19-4.57.%3213991
15 ANOORAQ  755-35-4.43.%85698
16 MRHLD  2528-117-4.42.%1917105
17 RMBH  2550-115-4.32.%2014486
18 EXXARO  16524-724-4.20.%2105294
19 IMPLATS  18520-804-4.16.%2472513
20 REMGRO  10511-439-4.01.%2291860

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New Highs
SharenameSaleHighMove% MoveVolume
1 CBH  4404506316.71.%62330
2 BARWORLD  75557850-215-2.77.%1393147

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New Lows
SharenameSaleLowMove% MoveVolume
1 MVELARES  397388-19-4.57.%3213991
2 TONGAAT  92249172-165-1.76.%460187
3 HYPROP  51614701-64-1.22.%228058
4 INVPROP  10351032-4-0.38.%386410
5 HOSP-B  810790-3-0.37.%16093

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Index Summary
Index NameRPMove% Move
Top 4028,163.42-840.27-2.90%
Mid Cap41,113.00-437.90-1.05%
Small Cap32,031.43-107.74-0.34%
Resource 2055,658.30-1854.70-3.22%
Industrial 2526,061.36-708.51-2.65%
Financial 157,886.79-179.43-2.22%
Financial & Ind. 3029,221.24-793.15-2.64%
All Share31,388.63-839.03-2.60%
Oil & Gas 27,309.25-1006.54-3.55%
Mining 36,680.24-1160.62-3.07%
Gold Mining2,771.14-39.95-1.42%
Platinum Mining70.69-2.67-3.64%
Oil & Gas Producers 14,683.68-541.20-3.55%
Basic Materials 30,911.87-959.31-3.01%
Chemicals 13,247.68-6.98-0.05%
Forestry & Paper 13,767.07-262.32-1.87%
Industrial Metals 29,460.23-994.52-3.27%
Industrials 26,950.93-637.64-2.31%
General Industrials 73,204.88-2322.45-3.07%
Consumer Goods 25,985.11-724.88-2.71%
Automobiles & Parts 3,045.70-33.96-1.10%
Household Goods155.70-4-2.58%
Health Care 31,275.48-379.60-1.20%
Beverages 82,870.27-2672.24-3.12%
Food Producers 46,658.78-896.86-1.89%
Index NameRPMove% Move
Personal Goods 384.82-9.59-2.43%
Consumer Services 51,133.70-1124.51-2.15%
General Retailers 40,622.86-546.77-1.33%
Travel & Leisure 3,633.33-15.32-0.42%
Media 77,614.45-2221.71-2.78%
Support Services 2,430.92-5.23-0.21%
Telecommunications 63,597.81-1699.77-2.60%
Financials 20,922.70-398.07-1.87%
Banks 38,619.56-939.76-2.38%
Non-life Insurance 29,814.26-317.66-1.05%
Life Insurance 15,868.56-364.36-2.24%
General Financial 2,190.25-44.64-2.00%
Technology 20,534.21-76.22-0.37%
SHARIAH TOP40 3,185.81-101-3.07%
FTSE/JSE SHARIAH ALL3,242.67-97-2.91%
COAL MINING22,429.86-904-3.87%
FTSE JSE Fledgling 4,523.25-13-0.29%
FTSE/JSE Alt X 990.51-11-1.12%
CAPPED PROPERTY 308.18-0.16%
RESOURCE 30,755.72-994-3.13%
DIVIDEND PLUS165.28-3-1.58%
FTSE/JSE RAFI 406,539.32-191-2.83%
Capped Top 4014,627.31-431-2.86%
Capped All Share15,771.09-418-2.58%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
19 Apr 2011AUSTROFebruary 2011 (Interim)
19 Apr 2011CMHFebruary 2011 (Final)
19 Apr 2011CMH PREFFebruary 2011 (Final)
19 Apr 2011DCENTRIXFebruary 2011 (Final)
19 Apr 2011SEKJALOAFebruary 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
CLICKS11-04-1411-06-2411-07-04R 0.3700
ZEDER11-04-1111-04-2811-05-09R 0.0400
PHUMELELA11-04-0811-04-2811-05-09R 0.2500
VIVIDEND11-04-0811-04-2811-05-09R 0.0996
SBR00311-04-0511-04-1911-05-05R 1.4100
Ex Div**
Share NameDec-DateLDTPay-DateAmount
CASHBIL11-03-2911-04-1411-04-26R 1.5700
ADVTECH11-03-2811-04-1411-04-26R 0.1100
AFROX11-02-1611-04-1411-04-26R 0.0800
ADVTECH11-03-2811-04-1411-04-26R 0.0250

Upcoming AGMs**
CodeCompany NameDateStatus
IDEIdeco Group Ltd19/04/2011Confirmed
ZPTZaptronix Ltd19/04/2011Confirmed
ZSAZurich Insurance Company South Africa Lt...20/04/2011Confirmed
FCCPFoord Compass Ltd21/04/2011Unconfirmed
ASAAbsa Group Ltd21/04/2011Confirmed

Stock Exchange News Service
18/04/201117:47 Pinnacle Point Group - Proforma financial effects of the claw back offer
18/04/201117:44 Adaptit Holdings Limited - Change to the board of directors
18/04/201117:41 IFCA Technologies Limited - Renewal of cautionary announcement
18/04/201117:34 Allied Technologies Limited - Altech announces 25% Black Economic
18/04/201117:29TOPDWJ - Deutsche Bank AG - Notice : Termination of listing - TOPDWJ - Index
18/04/201117:26EXT - Extract Resources Limited - Quarterly reports - for the period ending 31
18/04/201116:46 Gold Fields Limited - Media release
18/04/201116:42 PBT Group Limited - Changes to the board of directors
18/04/201116:37 Oceana Group Limited - Trading Statement
18/04/201116:05 Murray & Roberts Holdings Limited - Fast track competition submission
18/04/201115:57 Pinnacle Technology Holdings Limited - Dealing in securities by director
18/04/201115:54 Pinnacle Technology Holdings Limited - Dealing in securities by director
18/04/201115:35 Sentula Mining Limited - Renewal of Cautionary Announcement
18/04/201115:30ZGOVI - THE Zshares ETF Scheme - Withdrawal of ZGOVI participatory interests
18/04/201115:30 Old Mutual Plc - Notification of transactions of directors, persons
18/04/201115:30- The Foschini Group Limited - Trading statement
18/04/201115:29 Massmart Holdings Limited: - Trading of Massmart ordinary shares on behalf
18/04/201115:27 Control Instruments Group Limited - Purchase of shares by directors
18/04/201115:15 African Eagle Resources plc - Farm-in signed on Miyabi Gold Project,
18/04/201114:31 Metmar Limited - Cautionary announcement
18/04/201114:30 Metmar Limited - Change to the board of directors ("BOARD")
18/04/201114:29 Real Africa Holdings Limited - Renewal of cautionary announcement
18/04/201114:28SUI/GPL - Sun International Limited/Grand Parade Investments Limited -
18/04/201114:18 Nedbank Group - Dealing in Securities by Aka-Nedbank Eyethu Trust
18/04/201114:18 Iliad Africa Limited - Resignation of Executive Director
18/04/201114:00PSG/ PGFP - PSG Group / PSG Financial - Reviewed results for the year ended 28
18/04/201114:00 Evraz Highveld Steel and Vanadium Limited - Nomination of Chief Executive
18/04/201113:50PIK/PWK - Pick n Pay - Annual Report and Notice of Annual General Meeting
18/04/201113:00 New Europe Property Investments plc - Dealing in securities
18/04/201112:56 Ububele Holdings Limited - Voluntary announcement and withdrawal of
18/04/201112:13 Bell Equipment Limited - Dealing in securities by an associate of a
18/04/201111:57ABSW15 - ABSA Bank Limited - Notice of expiry and maturity
18/04/201111:54 Growthpoint Properties Limited - Recommended offer for all the units in
18/04/201110:12SCIB : Standard Bank - Notice of expiry of Standard Bank warrants
18/04/201109:51 Mercantile - Cautionary Announcement
18/04/201109:39GLD - NewGold Issuer Limited - Listing of additional Newgold debentures
18/04/201108:53GEN - General - IFC - Late submission of provisional financial statements
18/04/201108:38 Bauba Platinum Limited - Reviewed interim results for the six month
18/04/201108:06 Eastern Platinum Limited - Eastplats reports production results for the
18/04/201108:00PWK/PIK - Pick n Pay Holdings Limited/Pick n Pay Stores Limited - Reviewed
18/04/201108:00 ZCI Limited - Correction of term loan agreement between ZCI and African
18/04/201107:11GEN - Litha Healthcare Group (South Africa): Shares in Issue Update - FTSE/JSE
18/04/201107:10MND/MNP - Mondi - Publication of a Prospectus
18/04/201107:10 British American Tobacco p.l.c. - Transaction in own shares
18/04/201107:10GEN - Northam Platinum Ltd (South Africa): Investability Weighting Change
18/04/201107:05 Firestone Energy Limited - Sekoko Coal Sign Agreements with IDC
18/04/201107:05 BHP Billiton Plc - Transaction in shares
18/04/201107:05 B & W Instrumentation and Electrical Limited - Reviewed consolidated
18/04/201107:05SAL/SALD - Sallies Limited - Renewal of Cautionary Announcement
18/04/201107:05 Gold One International Limited - Appendix 3B new issue announcement,

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