Thursday, 28 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.African rand off 4-month highs; stocks little changed
By Phumza Macanda and Agnieszka Flak
JOHANNESBURG (Reuters) - South Africa's rand eased against the dollar on Thursday, losing some momentum after climbing to four-month highs but still weighing on mining shares as the resource-heavy stock index ended little changed.
South African markets have been relatively quiet this week due to public holidays on Monday and Wednesday, with trading volumes in the local stock market at their lowest since Jan 3.
The rand advanced to 6.5820 against the dollar earlier, its strongest since January 3, but failed to sustain those gains. It was trading at 6.62 at 1547 GMT, 0.4 percent weaker than its New York close.
Despite softening in this session, the rand's bullish trend remains intact. Should it pierce its Jan 3 high of 6.55, the next key level would be the fourth quarter 2007 high of 6.43.
"The dollar index remains the biggest driving factor at the the moment for this particular cross. As long as the dollar continues to be sold off there is potential for dollar/rand downside to continue," said Anisha Arora, junior emerging market analyst at 4CAST, adding the rand is likely to stall at 6.57.
The rally in the rand might also prompt central bank intervention to stem its gains.
Arora said if the bank intervenes "amounts will not be as big as we saw in Jan-Feb ... especially as the stronger rand somewhat acts as a disinflationary factor".
The central bank has said it will continue to accumulate reserves as and when possible but was not targeting any particular level for the rand.
On the bourse, the JSE Top-40 index of blue chips lost 0.19 percent to end at 29,402.12 and the broader All-share index ended down 0.03 percent at 32,659.95.
Mining stocks were hit by the strong rand, with all gold miners ending lower despite bullion hitting record highs during the session. Spot gold ascended to a lifetime high of $1,535.90 an ounce, breaking records for a second straight session.
"The rand strengthened substantially in the last two days adding a lot of pressure to the commodity stocks," a trader said.
Vodacom ended 1.91 percent higher at 80 rand after saying that full-year headline earnings per share would be 25 to 30 percent higher than the previous year.
Also higher were African Bank and Impala Platinum, up 3.08 percent and 2.78 percent respectively.
Absa Group was the biggest loser on the day, after the banking group said that its profit before tax fell 19 percent in the first quarter. . It ended down 2.42 percent at 135.26 rand.
Shares in petrochemicals group Sasol fell 1.88 percent to 385.19 rand.
Another dealer said weak U.S. growth data soured investors' mood towards local stocks.
U.S. growth slowed in the first quarter while claims for unemployment benefits jumped to their highest level since January.
In the absence of a weekly auction this week, bonds took their cue from the rand and were steady to firmer on Thursday. The yield on the 2015 bond fell one basis point to 7.63 percent and that on the 2026 issue was steady at 8.655 percent.
Thu, 28 Apr 2011
Top News
Zambia's headline consumer inflation slowed to 8.8 percent year-on-year in April, a rare example of easing price pressures in Africa caused in part by a drop in the cost of basic food. Full story |
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Silver soared to an all-time
high on Thursday and gold rose to another record, as a falling
dollar and signs that the Federal Reserve would maintain a
loose monetary policy boosted precious metals' appeal as a
hedge against inflation and economic uncertainty. Full storyA bomb killed 15 people including 10 foreigners in Morocco's bustling tourist destination of Marrakesh, state television said on Thursday, in an attack that bore the hallmark of Islamist militants. Full storyTornadoes and violent storms ripped through seven southern U.S. states, killing at least 259 people in the country's deadliest series of twisters in nearly four decades. Full story |
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Markets | The U.S. dollar extended
losses on Thursday, sparking a record surge in silver, while
Wall Street faltered on reports of disappointing data that
suggested. . . Full story | | European shares rose on
Thursday to an eight-week closing high, boosted by strong
results from some companies including Suez Environnement and on
hopes the. . . Full story | | Britain's top share index
closed flat on Thursday, failing again to close above key
technical levels in the final trading session of the. . . Full story | | U.S. stocks edged up on
Thursday, erasing early losses as investors brushed off
disappointing economic data and bet on a further rally in
equities.. . . Full story |
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| Hong Kong shares
fell for a third consecutive day on Thursday and fears that
Beijing may act to cool rising property prices over. . . Full story | | European shares edged up on
Thursday, after U.S. Federal Reserve Chairman Ben Bernanke
signalled he was in no rush to scale back support. . . Full story | | Tokyo stocks climbed 1.6 percent
on Thursday to their highest level since last's month
earthquake, helped by better-than-expected domestic earnings and
strength in U.S.. . . Full story | | Australian shares finished
flat on Thursday, buoyed by strength in banks ahead of expected
record profit reports but dragged by weakness in major. . . Full story |
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SA Business | South Africa's rand strengthened towards 4-month high against the dollar on Thursday, extending an overnight rally as the greenback slid broadly on a low interest rate outlook for the United States.. . . Full story |
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| The South African Reserve Bank's composite leading business cycle indicator increased by 1.0 percent in February compared with the previous month, the bank said on Thursday.. . . Full story |
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Company News | In the company's circular dated 1 July 2010, it was illustrated how the once off BEE equity transaction costs would have. . . Full story | | Further to the detailed joint cautionary announcement released on the SENS on 6 December 2010 and the further announcements during February,. . . Full story | | Seardel advised that for the year ended 31 March 2011 the group expects its financial results to fall within the following. . . Full story | | Shareholders of Absa Group are advised that Barclays PLC ("Barclays") released its 2011 Quarter One interim management statement on 27 April. . . Full story |
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Company Results | Revenue for the quarter ended 31 March 2010 increased to USD183 million (2010: USD128.8 million). Gross profit rose to USD58.4 million (2010: USD39.2 million), while net profit attributable to equity holders of the parent improved to USD25.3 million (2010: USD23.2 million). Furthermore, earnings per share strengthened to USD5.46cps (2010: USD2.10cps).
Dividend
No dividend to declare.. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 32659.95 | -8.20 | -0.03% | JSE Top 40 | 17:00 | 29402.14 | -54.68 | -0.19% | JSE Gold | 17:00 | 2745.06 | -35.99 | -1.29% | JSE Financial | 17:00 | 21841.04 | 76.71 | 0.35% | JSE Industrial | 17:00 | 32889.49 | 174.61 | 0.53% | JSE Indust 25 | 17:00 | 27574.06 | 137.57 | 0.50% | JSE Resource | 17:00 | 57280.19 | -462.77 | -0.80% | DJ Futures | 19:46 | 12660.00 | 15.00 | 0.12% | DJ Ind | 19:45 | 12728.73 | 37.77 | 0.30% | SP 500 | 19:56 | 1356.56 | -0.76 | -0.06% | Nasdaq | 19:56 | 2863.75 | -6.29 | -0.22% | FTSE 100 | 17:35 | 6069.90 | 1.74 | 0.03% | DAX | 18:00 | 7475.22 | 70.27 | 0.95% | CAC40 | 17:46 | 4104.90 | 59.61 | 1.47% | Nikkei | 08:26 | 9849.74 | 157.90 | 1.63% | Shanghai | 09:26 | 2887.67 | -51.51 | -1.75% | Hang-Seng | 10:36 | 23805.63 | -87.21 | -0.37% | All Ords | 08:37 | 4952.30 | -1.70 | -0.03% | NZSE 50 | 07:26 | 3503.76 | 11.72 | 0.34% |
| | Name | Time | RP | Move | % Move | Gold | 19:58 | 1531.90 | 5.50 | 0.36% | Gold/Rand | 20:00 | 10151.44 | 82.64 | 0.82% | Gold/R kg | 20:00 | 326369 | 8999 | 2.84% | Silver | 19:59 | 48.1950 | .4150 | 0.87% | Platinum | 19:59 | 1830.00 | 10.25 | 0.56% | Palladium | 19:59 | 768.50 | 2.75 | 0.36% | R157 | 13:06 | 7.62 | -.01 | -0.13% | R204 | 15:06 | 8.31 | -.01 | -0.12% | Brent Crude | 19:56 | 124.34 | .41 | 0.33% | Rand / Dollar | 19:59 | 6.6267 | 0.0335 | 0.51% | Rand / Pound | 19:55 | 10.9921 | 0.0620 | 0.57% | Rand / Euro | 19:55 | 9.8114 | 0.0718 | 0.74% | Rand / NZD | 19:58 | 5.2945 | 0.0026 | 0.05% | Rand / AUD | 19:55 | 7.2183 | 0.0568 | 0.79% | Yen / Dollar | 19:58 | 81.5500 | -0.6700 | -0.81% | Euro / Dollar | 19:55 | 0.6747 | -0.0020 | -0.30% | Dollar / Euro | 19:56 | 1.4821 | 0.0050 | 0.34% | Pound / Dollar | 19:55 | 0.6005 | -0.0008 | -0.13% |
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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 |
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28/04/2011 | 206 | 129 | 70 | 405 | 233,471,083 | R10,955,131,903 | 108893 | 2096163 | 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 |
Index Summary Index Name | RP | Move | % Move | Top 40 | 29,402.14 | -54.68 | -0.19% | Industrial | 32,889.49 | 174.61 | 0.53% | Mid Cap | 42,032.63 | 395.24 | 0.95% | Small Cap | 32,493.97 | 145.42 | 0.45% | Resource 20 | 57,280.19 | -462.77 | -0.80% | Industrial 25 | 27,574.06 | 137.57 | 0.50% | Financial 15 | 8,279.01 | 24.39 | 0.30% | Financial & Ind. 30 | 30,903.68 | 116.19 | 0.38% | All Share | 32,659.95 | -8.20 | -0.03% | Oil & Gas | 28,671.20 | -548.24 | -1.88% | Mining | 37,591.91 | -223.38 | -0.59% | Gold Mining | 2,745.06 | -35.99 | -1.29% | Platinum Mining | 75.94 | 1.38 | 1.85% | Oil & Gas Producers | 15,415.97 | -294.78 | -1.88% | Basic Materials | 31,702.80 | -165.76 | -0.52% | Chemicals | 13,541.12 | -169.45 | -1.24% | Forestry & Paper | 14,382.71 | 85.85 | 0.60% | Industrial Metals | 30,308.27 | 109.47 | 0.36% | Industrials | 27,796.59 | 83.40 | 0.30% | General Industrials | 76,684.13 | 81.94 | 0.11% | Consumer Goods | 27,115.62 | -32.07 | -0.12% | Automobiles & Parts | 3,170.24 | 58.87 | 1.89% | Household Goods | 159.07 | -1 | -0.87% | Health Care | 31,723.92 | 362.99 | 1.16% | Beverages | 84,688.22 | 201.62 | 0.24% | Food Producers | 48,250.11 | 217.95 | 0.45% |
| | Index Name | RP | Move | % Move | Personal Goods | 416.78 | -2.90 | -0.69% | Consumer Services | 54,309.22 | 475.04 | 0.88% | General Retailers | 42,337.93 | 722.41 | 1.74% | Travel & Leisure | 3,723.10 | 26.47 | 0.72% | Media | 85,603.91 | 30.67 | 0.04% | Support Services | 2,406.32 | 31.33 | 1.32% | Telecommunications | 69,309.40 | 1020.84 | 1.49% | Financials | 21,841.04 | 76.71 | 0.35% | Banks | 41,042.97 | -77.14 | -0.19% | Non-life Insurance | 31,511.70 | 1309.45 | 4.34% | Life Insurance | 16,302.49 | 106.14 | 0.66% | General Financial | 2,280.79 | 30.09 | 1.34% | Technology | 20,468.11 | 340.84 | 1.69% | SHARIAH TOP40 | 3,306.31 | -13 | -0.38% | FTSE/JSE SHARIAH ALL | 3,358.90 | -10 | -0.30% | COAL MINING | 23,750.32 | 433 | 1.86% | FTSE JSE Fledgling | 4,524.09 | 13 | 0.29% | FTSE/JSE Alt X | 1,018.43 | 12 | 1.15% | SA LISTED PROPERTY | 377.11 | | 0.58% | CAPPED PROPERTY | 315.30 | | 0.52% | RESOURCE | 31,619.83 | -243 | -0.76% | DIVIDEND PLUS | 170.29 | 2 | 0.89% | FTSE/JSE RAFI 40 | 6,829.15 | 1 | 0.01% | Capped Top 40 | 15,309.87 | -13 | -0.08% | Capped All Share | 16,428.58 | 6 | 0.04% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | EMI | EMIRA PROPERTY FUND | HOLD | 21 Apr | FSR | FIRSTRAND LIMITED | BUY | 21 Apr | NED | NEDBANK GROUP LTD | SELL | 21 Apr | SBK | STANDARD BANK GROUP LIMIT... | SELL | 21 Apr | AIP | ADCOCK INGRAM HLGS LD | HOLD | 21 Apr |
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Results Expected** Expected | Company Name | Fin. Date | 29 Apr 2011 | ARCMITTAL | March 2011 (Q) | 29 Apr 2011 | CENRAND | December 2010 (Final) | 29 Apr 2011 | CONVERGE | February 2011 (Interim) | 29 Apr 2011 | DIAMONDCP | December 2010 (Final) | 29 Apr 2011 | FPT | March 2011 (Interim) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | OCTODEC | 11-04-26 | 11-05-12 | 11-05-23 | R 0.6500 | PREMIUM | 11-04-26 | 11-05-12 | 11-05-23 | R 0.5820 | ALTECH | 11-04-20 | 11-05-20 | 11-05-30 | R 3.5600 | PBT | 11-04-19 | 11-05-20 | 11-05-30 | R 0.0300 | CMH | 11-04-19 | 11-06-03 | 11-06-13 | R 0.3000 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | PHUMELELA | 11-04-08 | 11-04-28 | 11-05-09 | R 0.2500 | VIVIDEND | 11-04-08 | 11-04-28 | 11-05-09 | R 0.0996 | ZEDER | 11-04-11 | 11-04-28 | 11-05-09 | R 0.0400 |
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Upcoming AGMs** Code | Company Name | Date | Status | JSE | JSE Ltd | 28/04/2011 | Confirmed | KDV | KayDav Group Ltd | 28/04/2011 | Confirmed | SVN | Sabvest Ltd | 28/04/2011 | Confirmed | SBV | Sabvest Ltd | 28/04/2011 | Confirmed | BEL | Bell Equipment Ltd | 04/05/2011 | Confirmed |
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