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Tuesday, 03 May 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 govt bonds gain, stocks take a breather
By Gugulakhe Lourie and Xola Potelwa
JOHANNESBURG (Reuters) - Yields on South African government bonds fell on Tuesday as the debt market played catch-up to the rand's gains from the previous week and a well-bid debt auction supported bonds.
The rand remained steady against the dollar and dealers said the currency would be range bound and look for direction once traders had settled down after a long weekend while blue-chip stocks took a breather as weaker metal prices put pressure on mining stocks.
Local trading is returning to normal after a number of public holidays that led to a lull in domestic markets since the Easter weekend.
Government bond yields closed lower on the JSE as bonds gained, catching up to rand strength from the previous week and as the 2026 bond saw high demand at an auction earlier in the session.
"The auction was good. The 2026 is the biggest single liquid issue out at the moment so for fund managers looking for exposure or duration in the long end, that's the prime target for investment," a local bond trader said.
Treasury sold 1.3 billion rand worth of the 2018 government bond and 800 million rand of the 2026 paper at the weekly sale. The 15 year paper was over four times covered and the seven year nearly two times covered.
"Also a lot of people away for about a week had missed a run in the rand over the last couple of days...with the rand having appreciated quite significantly the bonds were lagging that," said the trader.
The yield on the 2015 bond closed at 7.615 percent and the 2026 ended at 8.615 percent, from 7.64 and 8.65 percent respectively.
The rand was at 6.6088 at 1540 GMT, retreating from a 3-year high of 6.5410 high hit on Monday while tracking the euro. It closed at 6.6089 in New York on Monday.
"The rand is in ranges, reacting really to what the euro is up to in a quiet day," said Jim Bryson, trader at Rand Merchant Bank .
"Now that we are all getting back to work we'll start picking up a bit of direction," Bryson added.
STOCKS TAKE BREATHER
The JSE Top-40 index of blue chips was down 1.74 percent to end at 29,049.59.
"It's a bit of a down day, everything is down, a bit of a sell-off after the recent weeks we have had. There have been decent gains over the past few weeks," said Mitchell Gannaway, a trader at Thebe Securities.
The All-share, the broadest measure of South African stock performance, is down 1.55 percent at 32,325.83. The index rose nearly 5 percent in the previous six sessions. Investors also became more cautious after the index came within shooting distance of its lifetime high of 33,334 in recent sessions.
"We are fairly close to the all-time high on the All-share index. Whenever we get closer to levels we haven't seen before, volatility tends to go overboard," said Gannaway.
Bourse and mining heavyweight Anglo American dropped 2.16 percent to 338.05 rand and rival BHP Billiton lost 1.35 percent to 270.80 rand as copper fell to its lowest since mid-March.
Platinum stocks also dropped, led by Impala Platinum losing 3.78 percent to 197.27 rand and Anglo American Platinum shedding 2.85 percent to 647.99 rand.
Gold Fields was down 3.56 percent to 113.11 rand and AngloGold Ashanti 3.24 percent lower to 322 rand as gold fell from record highs above $1,570 an ounce the previous day.
Tue, 03 May 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-05-03T144747Z_01_AJOE742153O00_RTROPTP_3_OZABS-SAFRICA-SUGAR-20110503.JPG "Farmers pack sugar cane in the southern Egyptian town of Nagaa Hamady in Qena") South Africa's 2011/12 sugar output is estimated at 1.923 million tonnes, up from the previous season's output of 1.909 million tonnes, according to data from the South African Sugar Association (SASA) seen by Reuters on Tuesday. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-05-03T133528Z_01_AJOE74211R600_RTROPTP_3_OZABS-MAIZE-SAFRICA-FUTURES-20110503.JPG "-PHOTO TAKEN 23FEB06- Black South African commercial farmer Motsepe Matlala inspects the maize growi..") South African maize futures rose on Tuesday, defying global trends, as investors looked at potential export markets for the country's harvests. Full story |
 A brief rebound in the U.S.
dollar pushed down stocks and commodities on Tuesday, but the
greenback's rise was short-lived as investors refocused on the
U.S. pledge to keep cheap money flowing through the economy. Full story  Academic-turned-politician Michael Ignatieff quit as leader of Canada's once-mighty Liberals on Tuesday after steering his party from opposition to near irrelevance in Monday's federal election. Full story  Pakistan's president acknowledged for the first time on Tuesday that his security forces were left out of a U.S. operation to kill Osama bin Laden, but he did little to dispel questions over how the al Qaeda leader was able to live in comfort near Islamabad. Full story |
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Markets |
The S&P and Nasdaq declined on
Tuesday as commodity-related shares fell, with investors seeing
pullbacks by some sectors that have gained the most. . . Full story |
European stocks sagged on Tuesday,
snapping their eight-session winning run in a broad retreat led
by mining and oil shares, but analysts said. . . Full story |
Drugmakers helped Britain's top
share index rise modestly on Tuesday, buoyed by deal activity in
the United States, as traders mooted the possibility. . . Full story |
Gold fell on Tuesday from record
highs above $1,570 an ounce the previous day, as the dollar rose
and as safe-haven buying of. . . Full story | |||
World stocks fell on Tuesday as
investors pocketed gains after a five-session winning run, while
the dollar edged off a 33-month low, sending. . . Full story |
China shares rose on light
volume on Tuesday helped by defensive sectors, though may follow
Hong Kong stocks lower as investors persistently move. . . Full story |
European shares slipped on Tuesday
after a strong recent run, weighed by mining stocks on the back
of lower metals prices.. . . Full story |
Australian stocks declined 0.8 percent on
Tuesday, weighed by worries over the impact of the high Aussie dollar
on profits, but ending. . . Full story | ||||
SA Business |
AngloGold Ashanti, Africa's leading gold producer, said on Tuesday it expected first-quarter earnings to triple, after the company eliminated its hedge. . . Full story |
South Africa's powerful National Union of Mineworkers (NUM) will hold a one-day protest on Saturday over safety in the North-West province,. . . Full story |
The number of unemployed people in South Africa increased in the first quarter of this year, mainly due to seasonal changes,. . . Full story |
Economic growth in sub-Saharan Africa has largely returned to pre-financial crisis levels but monetary tightening has failed to keep pace, with. . . Full story | |||
Tension between the ruling MPLA
party and the main opposition UNITA party and questions over
policy-making are worrying investors in the major African
oil-producing. . . Full story | ArcelorMittal South Africa, a unit of the world's biggest steel maker, said on Tuesday it would leave prices for its products. . . Full story | A stretch of West Africa's coast
spanning more than a dozen countries, the Gulf of Guinea is a
growing source of oil, cocoa. . . Full story | Ghana joined the club of
oil-producing nations in December and is settling down to its
new status as a middle-income country that is. . . Full story |
South Africa's Purchasing Managers' Index edged lower to 56.4 in April, from a 13-month high of 57.2 in March, sponsor Kagiso said on Tuesday.. . . Full story | Shares in Mr Price rose more than 2 percent in early trade on Tuesday after the South African discount clothing retailer forecast as much as a 53 percent rise in full-year. . . Full story | South Africa's rand steadied against the dollar on Tuesday and was expected to make another attempt at 3-year highs hit in the previous session as the greenback remains on the back. . . Full story |
Company News |
Further to the cautionary announcement dated 14 March 2011 Mvela Group shareholders were advised that negotiations were still in progress which,. . . Full story |
Great Basin reported an operational update for the quarter ended 31 March 2011 (Q1 2011). The company will file its interim. . . Full story |
Notice is hereby given that preference dividend number 150 at a rate of 6% per annum for the period ended 31. . . Full story |
Shareholders are referred to the voluntary announcement released by GPI on SENS on 30 November 2010 wherein shareholders were advised that. . . Full story | |||
Shareholders are advised that the group's earnings for the 12 (twelve) months period ended 31 March 2011 are expected to increase by between 25% and 35% and headline earnings by between 55% and 70% over those of the previous corresponding period.
In compliance with the Namibian Stock Exchange Listings Requirements, Trustco Group Holdings Ltd shareholders are advised that for the 12th months period ended 30 March 2011, it is expected that. . . Full story | |||||||
Company Results | RedefIntl's maiden interim results as at 28 February 2011 showed gross rental income amounted to GBP11.6 million and a net attributable profit of GBP9.5 million. In addition, a headline earning per linked unit of GBP3.91p was reported.
Dividend. . . Full story |
World Markets (Spot Prices)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 03/05/2011 | 107 | 242 | 72 | 421 | 244,019,025 | R11,158,093,078 | 116065 | 2159242 |
| 29/04/2011 | 199 | 94 | 83 | 376 | 149,762,539 | R6,806,835,882 | 58871 | 1183771 |
| 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 |
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Index Summary
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Stock Exchange News Service
| Date | Time | Headline |
| 03/05/2011 | 17:36 | JCD - JCI Limited - Update regarding JCI`s annual financial statements for the |
| 03/05/2011 | 17:27 | African Oxygen Limited - Revised Annual General Meeting Notice |
| 03/05/2011 | 17:20 | British American Tobacco p.l.c - British American Tobacco p.l.c. (the |
| 03/05/2011 | 17:18 | Alexander Forbes Preference Share Investments - Cautionary Announcement |
| 03/05/2011 | 17:00 | New Europe Property Investments plc - Results of Annual General Meeting |
| 03/05/2011 | 17:00 | MVG/MVGP - Mvelaphanda Group Limited - Renewal of cautionary announcement |
| 03/05/2011 | 16:59 | Lonmin Plc - Total Voting Rights and Capital as at 30 April 2011 |
| 03/05/2011 | 16:42 | BioScience Brands Limited - Changes to the board |
| 03/05/2011 | 16:36 | Combined Motor Holdings Limited - No Change Statement and Notice of AGM |
| 03/05/2011 | 16:32 | Litha Healthcare Group Limited - Litha Healthcare Group Limited Acquires |
| 03/05/2011 | 16:30 | Basil Read Holdings Limited - No change statement and notice of Annual |
| 03/05/2011 | 16:30 | Pinnacle Technology Holdings Limited - Repurchase of Pinnacle shares from |
| 03/05/2011 | 15:32 | Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of |
| 03/05/2011 | 14:30 | Great Basin Gold provides operational update |
| 03/05/2011 | 14:12 | Redefine Properties International Limited - Debenture Interest |
| 03/05/2011 | 14:11 | Redefine Properties International Limited - Unaudited Condensed |
| 03/05/2011 | 14:11 | Insimbi - Appointment of Financial Director |
| 03/05/2011 | 14:11 | Redefine Properties International Limited - Reviewed interim results |
| 03/05/2011 | 14:01 | EXT - Extract Resources Limited - Extract confident the Husab Uranium Project |
| 03/05/2011 | 14:00 | Petmin Limited - Cautionary Announcement |
| 03/05/2011 | 14:00 | Anglo American Plc - Total voting rights |
| 03/05/2011 | 14:00 | EXT - Extract Resources Trading Halt |
| 03/05/2011 | 13:44 | Assore Limited - Change to board of directors |
| 03/05/2011 | 13:36 | Ellies Holdings Limited - Dealing in securities |
| 03/05/2011 | 13:00 | SABMiller plc - MillerCoors increases first quarter profits |
| 03/05/2011 | 13:00 | Anglogold Ashanti Limited - First quarter 2011 market update |
| 03/05/2011 | 11:45 | MND/ MNP - Mondi - Notification of Major Interests in Shares |
| 03/05/2011 | 11:29 | The Bidvest Group Limited - Repurchase of shares from Dinatla |
| 03/05/2011 | 11:00 | SABMiller plc - Change in particulars of director |
| 03/05/2011 | 09:19 | BAW/BAWP - Barloworld Limited - Preference dividend no. 150 |
| 03/05/2011 | 09:03 | REB - Rebosis - Abridged Pre-Listing Satement - Listing of Rebosis on the JSE |
| 03/05/2011 | 09:00 | Grand Parade Investments Limited - Voluntary announcement: Implementation |
| 03/05/2011 | 08:29 | BHP Billiton Plc - Total Voting Rights and Capital |
| 03/05/2011 | 08:00 | Pan African Resources plc - Barberton mines secures revolving credit |
| 03/05/2011 | 08:00 | Mr Price - Earnings forecast for the 53 week trading period ended 2 |
| 03/05/2011 | 08:00 | GLD - NewGold Issuer Limited - Listing of additional Newgold Debentures |
| 03/05/2011 | 07:35 | Firestone share purchase plan |
| 03/05/2011 | 07:34 | Firestone Energy Limited - Appendix 5B |
| 03/05/2011 | 07:33 | Firestone Energy Limited - Quarterly activities report for the |
| 03/05/2011 | 07:30 | Trustco Group Holdings Limited - Trading Statement |
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