The Sharenet Daily 
Friday, 06 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.

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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)

S.Africa stocks rebound on U.S payrolls data, rand firm

By Xola Potelwa and Gugulakhe Lourie

JOHANNESBURG (Reuters) - South African assets recovered on Friday to end the week firmer, helped by a favourable turn in global sentiment towards riskier assets.

The rand currency and stocks gained after better-than-expected U.S. jobs data painted an encouraging picture of the global economic recovery, also prompting a rebound in blue-chip stocks afer three days of selling.

Local debt gained sharply as foreigners took advantage of the higher yields offered in the domestic market.

The JSE Top-40 index of blue chips, which had spent the morning session in the red, closed 1.07 percent higher to end at 28,626.86, while the broader All-Share index gained 0.94 percent to 31,878.83.

The JTOP was 3.2 percent lower on the week.

"Turnaround in the market today, positive sentiment coming out of the U.S. payroll, which was much better than expected. So, there is a rebound," said Wilmar Buys, a trader at FFO Securities.

"I hope that the short-term sell-off is at a bottom-end."

U.S. nonfarm payrolls rose by 244,000 in April, the most in 11 months, the Labor Department said, well above economists' expectations for an increase of 186,000..

On the JSE, investors snapped up beaten-down shares such as bourse and mining heavyweight BHP Billiton, which rose 0.70 percent to 266.25 rand and rival miner Anglo American added 2.14 percent to 334 rand.

Impala Platinum climbed 3.18 percent to 190 rand, while Sasol rose 1.83 percent to 361 rand as oil extended its 10 percent fall from the previous day.

Safe-haven stocks also rose, with Harmony Gold up 1.46 percent to 94.10 rand and Gold Fields adding 0.46 percent to 109 rand.

MTN lost 0.98 percent to 142 rand as the mobile phone group's investors fret over declining average revenue per user , while Barloworld dropped 4.26 percent to 69.94 rand after the industrial conglomerate's profit guidance missed expectations .

Government bonds ended the week at multi-month highs as foreign buying drove yields down.

The yield on the four-year bond ended the week at a three-month low of 7.575 percent, while that on the 15-year benchmark ended at 8.59 percent, levels last seen in February.

A local bond dealer said foreigners out of the UK were buying at current levels, attracted by the higher yields offered on South African debt.

Further gains are expected when the market opens on Monday, after closes below 6.60 on the R157.


The rand traded 0.89 percent firmer at 6.6625 to the dollar at 1607 GMT, from Thursday's New York close of 6.72.

"What's happened is (that) subsequent to the release of non-farm payrolls, it appears to be a more risk-friendly scenario, so they've climbed into the rand and it looks like emerging markets broadly," said William Van Rijn, forex trader at Nedbank.

The currency has bounced back from testing key resistance in the 6.50 area early this week, mirroring moves from early January when it previously attempted that tough resistance area.

Dealers still expect gains in the rand as the outlook for the dollar remains negative despite Friday's jobs data. Aalysts have said the data does not provide long-term support for the dollar.

Fri, 06 May 2011
Top News
Nigeria's First City Monument Bank (FCMB) said on Friday it had signed an agreement to recapitalise and merge with peer Finbank, one of the lenders rescued in a $4 billion bailout in 2009.  Full story

Customers of MTN spent less on calls in the first quarter, the company said, prompting a 2-percent fall in the shares of Africa's largest mobile phone operator.  Full story
Syrian security forces killed 22 protesters on Friday demanding an end to President Bashar al-Assad's rule, rights campaigners said, and the European Union agreed to impose sanctions in response to his crackdown.  Full story
Al Qaeda confirmed Osama bin Laden was dead on Friday, dispelling some of the fog around the killing of the "holy warrior," and vowed to mount more attacks on the West.  Full story
Al Qaeda promised retribution to the United States and its allies, including Pakistan, to avenge the death of its leader Osama bin Laden, the militant group said in a statement on Friday.  Full story
World stocks recovered on Friday on news U.S. employers added more jobs than expected in April, while the euro sank after Germany magazine. . .  Full story
An unexpectedly strong report on U.S. payrolls propelled stocks higher on Friday one day after a sell-off, but investors were wary that the. . .  Full story
Britain's top shares rose on Friday, led by a rebound in miners after an unexpectedly strong U.S. jobs report allayed fears about the. . .  Full story
Silver surged 4 percent on Friday, snapping a five-day losing streak that cut prices by almost a third, while gold rose after encouraging. . .  Full story

European shares rallied on Friday after better-than-expected April U.S. nonfarm payroll data improved investor confidence about the recovery and fund managers tipped equities for. . .  Full story
Japan's Nikkei average fell 1.5 percent on Friday as a rout in oil and commodity prices pummelled resource stocks and sent the yen. . .  Full story
Silver rebounded on Friday from its biggest one-day dollar fall since 1980, and gold also recovered as cheaper prices lured in Asian investors. . .  Full story
Australian stocks closed 0.2 percent lower on Friday after resilient financial services stocks helped cushion the blow from a slide in commodity prices which. . .  Full story
SA Business
South Africa's rand steadied against the dollar on Friday, having come back from two-week lows after failing to break key technical levels.. . .  Full story

The coal, freight, power and UK gas markets avoided a broad commodity rout this week after being bypassed earlier by a flood of. . .  Full story
ExpoLanka Holdings Ltd's initial public offering next week will give investors discounted exposure to Sri Lanka's post-war growth story, balanced with regionally diversified operations,. . .  Full story
South Africa's 180,000 barrels-per-day SAPREF refinery in Durban will conduct a routine maintenance in August, the company's spokeswoman said on Friday.. . .  Full story
Robust economic growth in Africa over the last decade has swelled the size of its middle class to a third of the continent's. . .  Full story

Nedbank Group Ltd, South Africa's fourth-largest bank, reported a 16 percent jump in non-interest revenue in the first quarter, as part of its strategy to lessen its reliance on lending and improve bad debts.. . .  Full story
Company News
Mvela Res advised ordinary shareholders of the closing prices of the Northam Platinum Ltd ("Northam") shares and the Mvela Res ordinary. . .  Full story
Shareholders were referred to the update to shareholders announcements the last of which was released on SENS on 2 February 2011. . .  Full story
The directors advise that at a general meeting of shareholders held, all the resolutions set out in the notice of meeting. . .  Full story
As previously advised to shareholders, senior independent non-executive director Chris Ball has retired as a director of Nedbank and Nedbank Ltd. . .  Full story

Shareholders were advised that at the annual general meeting of Nedbank held on Friday, 6 May 2011, all the ordinary resolutions. . .  Full story
Pick n Pay has announced the appointment of Jeff van Rooyen as an independent non-executive director to the board of Pick. . .  Full story
Shareholders were advised that Mr Francois Swart has resigned from the board as non-executive director with effect from 2 May 2011.. . .  Full story
Shareholders were notified that the registered office of MMI has changed from Parc du Cap, Mispel Road, Bellville to 268 West. . .  Full story
Company Results
Revenue increased to R2.9 billion (March 2010: R2.5 billion) for the March 2011 quarter. A gross profit of R326 million (March. . .  Full story
Revenue decreased to R198 million (R200.4 million). Operating profit increased to R16.2 million (R14.2 million). Net attributable profit attributable rose to. . .  Full story
Interest income decreased to R58.4 million (R65.6 million) and an operating loss of R7.1 million (profit R57.6 million) was recorded. A. . .  Full story
Income. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0031878.83296.690.94%
JSE Top 4017:0028626.86302.401.07%
JSE Gold17:002584.763.260.13%
JSE Financial17:0021473.21215.211.01%
JSE Industrial17:0032596.07168.290.52%
JSE Indust 2517:0027340.21177.180.65%
JSE Resource17:0054804.63736.791.36%
DJ Futures19:1012620.0046.000.37%
DJ Ind19:4512650.1365.960.52%
SP 50017:261353.8518.751.40%
FTSE 10017:355976.7756.790.96%
All Ords08:354816.10-12.80-0.27%
NZSE 5007:363506.354.960.14%
NameTimeRPMove% Move
Gold/R kg20:00321413-4939-1.51%
Brent Crude19:56110.96-2.30-2.03%
Rand / Dollar19:586.6901-0.0257-0.38%
Rand / Pound19:5510.9383-0.0362-0.33%
Rand / Euro19:559.6186-0.1481-1.52%
Rand / NZD19:585.28890.01930.36%
Rand / AUD19:557.17380.05000.70%
Yen / Dollar19:5580.33000.01000.01%
Euro / Dollar19:550.69530.00791.15%
Dollar / Euro19:591.4376-0.0167-1.15%
Pound / Dollar19:550.6096-0.0002-0.03%

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The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 VERIMARK  1621610.96.%38721
2 CAT  1475735.21.%195744
3 PSG  45002004.65.%26476
4 MRHLD  2626993.92.%1754171
5 AVUSA  2490903.75.%3327
6 ELLIES   20573.54.%39500
7 NASPERSN  3835012003.23.%1431917
8 IMPLATS  190005853.18.%2626018
9 KUMBAIO  4625013002.89.%386543
10 AFRO-C  19052.70.%2262
11 ACUCAP  3532902.61.%30985
12 AFRIMAT  36992.50.%12685
13 TIGBRANDS  188804352.36.%299480
14 WOOLIES  2933632.20.%2052804
15 STANBANK  100492152.19.%2014148
16 NORTHAM  4526962.17.%922160
17 ANGLO  334007002.14.%3630879
18 EXXARO  166483482.13.%1666772
19 ANGLOPLAT  6328012802.06.%460531
20 DELTA  760152.01.%767

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Major Moves Down
SharenameSaleMove% MoveVolume
1 IQUAD  200-90-31.03.%43376
2 TELEMASTR  120-7-5.51.%10000
3 AQUARIUS  3733-176-4.50.%134791
4 BARWORLD  6994-311-4.26.%2215473
5 HUGE  130-5-3.70.%1000
6 EASTPLATS  760-29-3.68.%187483
7 PETMIN  286-9-3.05.%516065
8 HULAMIN  708-22-3.01.%14625
9 GRANPRADE  305-9-2.87.%6100
10 BCX  476-14-2.86.%731379
11 ILIAD  705-20-2.76.%19800
12 GBGOLD  1530-40-2.55.%14497
13 GOLDONE  320-8-2.44.%1736281
14 JUBILEE  290-6-2.03.%243046
15 KAP  250-5-1.96.%10682
16 OANDO  261-5-1.88.%30000
17 WITSGOLD  5290-100-1.86.%119082
18 ASTRAL  12875-225-1.72.%50414
19 FAMBRANDS  4080-70-1.69.%6272
20 AMA  180-3-1.64.%45000

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New Highs
SharenameSaleHighMove% MoveVolume
1 AECI  86009000450.53.%375478
2 TREMATON  1501550.13500

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New Lows
SharenameSaleLowMove% MoveVolume
1 BCX  476476-14-2.86.%731379
2 INVPROP  10151015-10-0.98.%264265
3 BEE-SASOL  31000309990.159

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Index Summary
Index NameRPMove% Move
Top 4028,626.86302.401.07%
Mid Cap41,602.01115.110.28%
Small Cap32,164.303.970.01%
Resource 2054,804.63736.791.36%
Industrial 2527,340.21177.180.65%
Financial 158,119.9390.801.13%
Financial & Ind. 3030,542.97249.620.82%
All Share31,878.83296.690.94%
Oil & Gas 27,360.94490.721.83%
Mining 36,011.48455.821.28%
Gold Mining2,584.763.260.13%
Platinum Mining72.141.872.66%
Oil & Gas Producers 14,711.47263.851.83%
Basic Materials 30,443.95387.171.29%
Chemicals 13,522.8283.770.62%
Forestry & Paper 14,408.46103.580.72%
Industrial Metals 29,435.57570.521.98%
Industrials 27,455.319.450.03%
General Industrials 75,377.43-209.09-0.28%
Consumer Goods 26,954.04149.680.56%
Automobiles & Parts 3,186.09-6.80-0.21%
Household Goods152.8410.63%
Health Care 31,747.42-52.73-0.17%
Beverages 83.99.430.51%
Food Producers 47,730.79367.680.78%
Index NameRPMove% Move
Personal Goods 418.682.200.53%
Consumer Services 53,663.04873.221.65%
General Retailers 41,618.50279.850.68%
Travel & Leisure 3,718.16-6.83-0.18%
Media 84.582.613.18%
Support Services 2,355.53-14.73-0.62%
Telecommunications 68,731.17-536.46-0.77%
Financials 21,473.21215.211.01%
Banks 40,309.57710.341.79%
Non-life Insurance 31,763.89196.420.62%
Life Insurance 15,961.4370.210.44%
General Financial 2,244.7220.330.91%
Technology 20,393.87-119.07-0.58%
SHARIAH TOP40 3,186.04310.99%
FTSE/JSE SHARIAH ALL3,245.47280.88%
COAL MINING22,436.233871.75%
FTSE JSE Fledgling 4,524.77200.44%
FTSE/JSE Alt X 1,014.67-2-0.20%
RESOURCE 30,275.244041.35%
DIVIDEND PLUS168.4110.57%
FTSE/JSE RAFI 406,658.16610.93%
Capped Top 4014,926.701561.05%
Capped All Share16,049.601480.93%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
09 May 2011ASTRAPAKFebruary 2011 (Final)
09 May 2011ASTRAPAKPFebruary 2011 (Final)
09 May 2011CHROMETCOFebruary 2011 (Final)
10 May 2011BARWORLDMarch 2011 (Interim)
10 May 2011BARWORLD6March 2011 (Interim)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
SBR00311-05-0511-07-2211-08-05R 1.4900
REDEFINE11-05-0411-05-2011-05-30R 0.1600
ALTRON11-05-0411-06-2411-07-04R 1.0800
ALTRON PP11-05-0411-06-2411-07-04R 1.0800
REDEFINTL11-05-0311-05-0911-05-26R 0.0203
Ex Div**
Share NameDec-DateLDTPay-DateAmount
PSG11-04-1811-05-0611-05-16R 0.4700
BRIMSTON11-02-2211-05-0611-05-16R 0.1500
BRIMST-N11-02-2211-05-0611-05-16R 0.1500
CBH11-01-2711-05-0611-05-16R 0.1110
CIPLAMED11-03-1711-05-0611-05-16R 0.0600

Upcoming AGMs**
CodeCompany NameDateStatus
NEDNedbank Group Ltd06/05/2011Confirmed
KIOKumba Iron Ore Ltd06/05/2011Confirmed
ABSPAbsa Bank Ltd09/05/2011Unconfirmed
ANDPAndulela Investment Holdings Ltd10/05/2011Confirmed
ANDAndulela Investment Holdings Ltd10/05/2011Confirmed

Stock Exchange News Service
06/05/201116:44 AH-Vest Limited - Renewal of cautionary announcement
06/05/201116:34MVL/NHM - Mvelaphanda Resources Limited/Northam Platinum Limited - SA Tax
06/05/201116:05 Northam Platinum Limited - Further announcement relating to the proposed
06/05/201116:05 Thabex Limited - Update To Shareholders
06/05/201116:00 Intertrading Ltd - Abridged consolidated reviewed results for the year
06/05/201115:55 ConvergeNet Holdings Limited - Unaudited interim results for the six
06/05/201115:47 Platfields Limited - Appointment to the board of directors
06/05/201115:45 Protech Khuthele Holdings Limited - Trading Statement
06/05/201115:30 Gold Fields Limited - Gold Fields to Release Q1c2011 results on 19 May
06/05/201114:40MND/MNP - Mondi Limited/Mondi Plc - AGM Special Business - Re-Purchase of
06/05/201114:30 Consolidated Infrastructure Group Limited - Dealing in securities
06/05/201114:00 British American Tobacco p.l.c - Publication of Supplementary Prospectus
06/05/201113:13 Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of
06/05/201113:12 Exxaro Resources Limited - Acceptance of conditional awards granted in
06/05/201113:11 MTN Group Limited - Release of subscriber numbers for The Quarter Ended 31
06/05/201113:111Tm - 1time holdings Limited - Revised dealings in securities by directors
06/05/201112:58 Sable Holdings Limited - Changes to the board of directors
06/05/201112:52MND/MNP - Mondi Limited/Mondi Plc - Annual General Meetings
06/05/201112:50 PSV Holdings Limited - Results of general meeting
06/05/201112:07NED/NBKP - Nedbank Group/Nedbank Limited - Retirement of Non-Executive Director
06/05/201112:06 Nedbank Group Limited - Results of Annual General Meeting and
06/05/201112:06 Pick n Pay appoints new independent non-executive director
06/05/201112:03 O-line Holdings Limited - Notification of Share Dealing by O-line
06/05/201112:00 Eqstra Holdings Limited - Directors` Dealings
06/05/201111:58 Top Fix Holdings Limited - Resignation of director
06/05/201111:44ABL/ABLP - African Bank Investments Limited - Moody`s Maintains African Bank`s
06/05/201111:43THEE - Outcome of Competition Tribunal Hearings
06/05/201111:34CPI/CPIP - Capitec Bank Holdings Limited - Capitec Bank Limited Issues
06/05/201111:10BEG/BEGP2 - Beige Holdings Limited - Abridged pre-listing statement
06/05/201111:07 Trans Hex Group Limited - Acquisition of Namaqualand Mines and
06/05/201111:00SOL/SOLBE1 - Sasol Limited - Sasol announces appointment of Chief Executive
06/05/201109:27 Net1 - Net 1 UEPS Technologies, Inc. Announces 2011 Third Quarter Results
06/05/201109:00 Fountainhead Property Trust - Unaudited Interim Results for the six months
06/05/201108:59 Decillion Limited - Renewal of cautionary announcement
06/05/201108:51 MMI Holdings Limited - Change Of Registered Office
06/05/201108:05 Old Mutual Plc - Nedbank Group Limited - First Quarter 2011 Trading
06/05/201108:00 Nedbank Group - First Quarter 2011 Trading Update
06/05/201107:05 BHP Billiton Plc - Transaction in shares
06/05/201107:05ESPIBR - Investec Bank Limited - Issue of Equity Structured Products (ESP)
06/05/201107:05 JD Group Limited - Trading Statement

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