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Tuesday, 26 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
S.Africa's rand hits 2-week high vs dollar; stocks mixed
By Phumza Macanda and Ed Stoddard
JOHANNESBURG (Reuters) - South Africa's rand firmed against the dollar on Tuesday, taking its cue from the euro's rally in thin domestic trading conditions.
South African stocks ended mixed as resource shares fell in line with global commodities but banking shares roared higher as they took heart from robust results posted by global peers.
Domestic markets are prone to exaggerated moves this week and will follow global trends more closely as liquidity is light because of public holidays on Monday and Wednesday.
The rand was trading at 6.70 to the dollar at 1530 GMT, 0.4 percent stronger than Monday's New York close of 6.7267. It hit a session high of 6.6921 earlier, its firmest in two weeks.
"The rand has been tracking the broader market trends and to a point the fortunes of the euro, which has improved in early Tuesday trade," said IFR Markets, a Thomson Reuters news and market analysis service, seeing the rand firming to 6.62.
The eurozone is South Africa's largest trading partner and the rand often follows the euro's moves.
The single currency to 16-moth highs to the dollar on bets that the U.S. Federal Reserve bank will maintain loose monetary policy on Wednesday after its policy meeting.
If the U.S. keep its super-loose monetary policy, money money should keep flowing to emerging markets such as South Africa, bolstering its high yielding currency.
Charts suggest the rand's bullish trend is intact. The currency has been trading firmer than its 100 and 200 day moving average since mid-March.
The rand will have to decisively break 6.66 to target this year's high of 6.55, hit on January 3. It tried and failed to break this level early in April.
On the bourse, the All-share index , ended just 0.03 percent higher at 32,668.15. The mining index fell 1.21 percent as commodities across the board took a whacking after a sharp drop in silver triggered by an options expiry.
But domestic banking stocks performed strongly. RMB Holdings finished up 3.59 percent to 27.98 rand while Firstrand ended 1.99 percent higher at 20.50 rand.
Rival Standard Bank, Africa's biggest bank by way of assets, sprinted 1.69 percent higher to 102.25 rand.
UBS results sparked a rally in the European financial sector that fed into local banking stocks.
"Globally there were some good results coming out of the banking market, with the likes of UBS kicking off the positive momentum," said a Johannesburg-based trader.
Shares in Swiss lender UBS ended almost 4 percent higher after it said money poured back into its core wealth management arm in the first quarter.
On fixed income, South African government bonds steadied, with the yield on the 2015 note unchanged from the previous close at 7.64 percent and that on the 2026 note was also flat at 8.655 percent.
On the data front, PPI will be released on Thursday, with the market expecting factory gate prices to rise by 7.3 percent year-on-year in March, from 6.7 percent previously, largely due to higher metal prices and a relatively weaker rand in March.
Tue, 26 Apr 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-04-26T153902Z_01_AJOE73P17H400_RTROPTP_3_OZABS-KENYA-MARKETS-20110426.JPG "A currency dealer counts Kenya shillings at a money exchange counter in Nairobi") The Kenyan shilling firmed against the dollar on Tuesday and traders expected it to gain further on the back of a squeeze on liquidity, while stocks rose slightly. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-04-26T081213Z_01_AJOE73P0MSF00_RTROPTP_3_OZABS-FORD-PLANTS-20110426.JPG "To match Interview FORD/ASEAN/") The Ford Motor Co will idle plants in Taiwan, China and South Africa beginning this week due to the shortage of parts from Japan after the March 11 earthquake and tsunami, the company said on Monday. Full story |
 World stocks surged toward
three-year highs on Tuesday and the U.S. dollar eased against
the euro as investors bet the U.S. Federal Reserve will keep
its easy monetary policy in place at its meeting this week. Full story  The government said on Tuesday it was working with its international partners on possible further measures against Syria and called on Syria's President Bashar al-Assad to stop attacks on anti-government protesters. Full story  British and U.S. officials met Tuesday to discuss how to step up military pressure on Muammar Gaddafi, as the Libyan leader's army fought fierce clashes with rebels in besieged Misrata. Full story |
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Markets |
Wall Street rallied and the
S&P 500 hit its highest level since June 2008 on Tuesday as a
flood of positive corporate results. . . Full story |
European shares rose for the
fourth straight session and hit a two-week closing high on
Tuesday, boosted by corporate results in both the. . . Full story |
Silver was on course for its
largest one-day fall in six weeks on Tuesday after having hit a
31-year high in the previous. . . Full story |
Britain's FTSE 100 closed at
its highest level in over two months on Tuesday, albeit in light
volumes, as earnings from the U.S.. . . Full story | |||
Hong Kong shares eased on
Tuesday as heavyweight oil producers and financials weighed on
the benchmark, while light turnover suggested players were
holding back. . . Full story |
Japan's Nikkei average closed at
a one-week low on Tuesday, losing 1.2 percent as exporters were
hit by a stronger yen in thin. . . Full story |
In the lightest volume
session of the year, U.S. stocks fell on Monday after a
lowered outlook from Kimberly-Clark increased concerns about
higher commodity. . . Full story |
A selloff in silver sparked
by its failure to breach a 30-year record high contributed to
an easing in oil prices on Monday,. . . Full story | ||||
SA Business |
South Africa's rand gave back some of the previous day's gains against the dollar on Tuesday, but should stick within narrow ranges in a trading week cut short by public holidays.. . . Full story | ||||||
South Africa's maize stocks fell to 3.295 million tonnes at the end of March compared with a revised 4.263 million tonnes at the end of February, data showed on Tuesday.. . . Full story |
Company News |
Fiuranium announced that it is soliciting the consent of noteholders of the 7.00% Secured Convertible Notes due March 31, 2013 (the. . . Full story |
Textainer Group Holdings Ltd ("Textainer"), the world's largest lessor of intermodal containers based on fleet size, reported that it will announce. . . Full story |
Further to the trading update released on SENS on 1 February 2011, the board advised that it has now obtained a. . . Full story |
The following director engaged in a share transaction in Pikwik shares:
*Director: Suzanne Ackerman-Berman
*Date of transaction: 19 April 2011
*Nature of. . . Full story | |||
The following director engaged in a share transaction in Pikwik shares:
*Director: Wendy Ackerman
*Date of transaction: 19 April 2011
*Nature of transactions: On market purchase of shares
*Number of securities purchased: 25 000
*Class of security: Ordinary
*Average purchase price per. . . Full story |
Anglo announced that all resolutions were passed by the requisite majorities at the company's annual general meeting held at The Queen Elizabeth II Conference Centre at 11.00am on Thursday 21 April 2011.. . . Full story | ||||||
Company Results | Revenue rose to R186.1 million (R158.5 million). Operating profit was up 6.3% to R87 million (R81.8 million). Net attributable profit increased to R61.1 million (R60.8 million). In addition, headline earnings per linked unit grew to 78c (64.4cplu).
Distribution
Notice was given that. . . Full story | Revenue earned on a contractual basis for the year increased by 10.5% to R452.6 million (2010: R407.7 million). Operating profit rose by 12.9% to R248.9 million (2010: R220.5 million), while total comprehensive income decreased by 33.5% to R146 million (2010: R219.7. . . Full story |
World Markets (Spot Prices)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 26/04/2011 | 162 | 153 | 80 | 395 | 152,008,139 | R5,540,863,757 | 58892 | 1928441 |
| 21/04/2011 | 223 | 136 | 63 | 422 | 248,156,160 | R10,902,844,838 | 78224 | 2014329 |
| 20/04/2011 | 229 | 108 | 61 | 398 | 330,373,534 | R13,333,978,657 | 94209 | 1985016 |
| 19/04/2011 | 214 | 127 | 83 | 424 | 263,324,515 | R11,531,658,381 | 100435 | 2163910 |
| 18/04/2011 | 86 | 275 | 70 | 431 | 309,928,429 | R13,037,551,462 | 103004 | 2255963 |
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Index Summary
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Stock Exchange News Service
| Date | Time | Headline |
| 26/04/2011 | 16:05 | WWR/GDO - White Water Resources /Gold One International - Registration of |
| 26/04/2011 | 15:17 | First Uranium Corporation - First Uranium seeks Noteholder consent to |
| 26/04/2011 | 14:00 | Premium Properties Limited and its subsidiaries - Reviewed preliminary |
| 26/04/2011 | 14:00 | Octodec Investments Limited and its subsidiaries - Unaudited results of |
| 26/04/2011 | 13:00 | MND/MNP - Mondi Limited/Mondi plc - Mondi Group - 2010 Final Dividend |
| 26/04/2011 | 12:50 | FirstRand Limited - Dealings in securities by a director |
| 26/04/2011 | 12:19 | SA French Limited - Results of special general meeting |
| 26/04/2011 | 11:59 | Shoprite Holdings Limited - Dealing in securities by a Non-executive |
| 26/04/2011 | 10:19 | Trencor Limited - Trencor`s Textainer announces date for release of first |
| 26/04/2011 | 09:14 | Capital Property Fund - Dealing In Securities |
| 26/04/2011 | 09:01 | Lonrho Plc - Lonrho Plc appoints the RT. Hon Sir Richard Needham to the |
| 26/04/2011 | 09:00 | Lonrho Plc - Lonrho lists on the Main Market of The London Stock |
| 26/04/2011 | 08:00 | Blue Financial Services Limited - Trading Statement |
| 26/04/2011 | 07:59 | Group Five Limited - Dealing in securities by Directors and Directors of |
| 26/04/2011 | 07:34 | Pick n Pay Holdings Limited - Dealing in securities by directors |
| 26/04/2011 | 07:33 | Pick n Pay Holdings Limited - Dealing in securities by directors |
| 26/04/2011 | 07:32 | Pick n Pay Holdings Limited - Dealing in securities by directors |
| 26/04/2011 | 07:15 | Anglo American plc - Anglo American AGM 2011 - voting results |
| 26/04/2011 | 07:10 | British American Tobacco p.l.c - Transaction in own shares |
| 26/04/2011 | 07:05 | BHP Billiton Plc - Transaction in shares |
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