Friday, 06 May 2011 - 20:00
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Charts
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.
RAND GAINS ON RISK ON
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 |
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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 storyAl 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 storyAl 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 |
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Markets | 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 |
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| 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 |
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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 |
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| 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 |
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| 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 |
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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 |
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| 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 |
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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 | | |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 31878.83 | 296.69 | 0.94% | JSE Top 40 | 17:00 | 28626.86 | 302.40 | 1.07% | JSE Gold | 17:00 | 2584.76 | 3.26 | 0.13% | JSE Financial | 17:00 | 21473.21 | 215.21 | 1.01% | JSE Industrial | 17:00 | 32596.07 | 168.29 | 0.52% | JSE Indust 25 | 17:00 | 27340.21 | 177.18 | 0.65% | JSE Resource | 17:00 | 54804.63 | 736.79 | 1.36% | DJ Futures | 19:10 | 12620.00 | 46.00 | 0.37% | DJ Ind | 19:45 | 12650.13 | 65.96 | 0.52% | SP 500 | 17:26 | 1353.85 | 18.75 | 1.40% | Nasdaq | 17:26 | 2855.60 | 40.88 | 1.45% | FTSE 100 | 17:35 | 5976.77 | 56.79 | 0.96% | DAX | 18:10 | 7492.25 | 115.29 | 1.56% | CAC40 | 17:56 | 4058.01 | 53.14 | 1.33% | Nikkei | 08:32 | 9859.20 | -145.00 | -1.45% | Shanghai | 09:26 | 2864.15 | -9.23 | -0.32% | Hang-Seng | 10:36 | 23159.14 | -100.27 | -0.43% | All Ords | 08:35 | 4816.10 | -12.80 | -0.27% | NZSE 50 | 07:36 | 3506.35 | 4.96 | 0.14% |
| | Name | Time | RP | Move | % Move | Gold | 19:59 | 1494.34 | 18.85 | 1.28% | Gold/Rand | 20:00 | 9997.28 | 87.11 | 0.88% | Gold/R kg | 20:00 | 321413 | -4939 | -1.51% | Silver | 19:59 | 35.2350 | .4600 | 1.32% | Platinum | 19:56 | 1780.00 | 16.50 | 0.94% | Palladium | 19:58 | 714.25 | 7.50 | 1.06% | R157 | 17:06 | 7.58 | -.08 | -1.04% | R204 | 17:06 | 8.32 | -.08 | -0.95% | Brent Crude | 19:56 | 110.96 | -2.30 | -2.03% | Rand / Dollar | 19:58 | 6.6901 | -0.0257 | -0.38% | Rand / Pound | 19:55 | 10.9383 | -0.0362 | -0.33% | Rand / Euro | 19:55 | 9.6186 | -0.1481 | -1.52% | Rand / NZD | 19:58 | 5.2889 | 0.0193 | 0.36% | Rand / AUD | 19:55 | 7.1738 | 0.0500 | 0.70% | Yen / Dollar | 19:55 | 80.3300 | 0.0100 | 0.01% | Euro / Dollar | 19:55 | 0.6953 | 0.0079 | 1.15% | Dollar / Euro | 19:59 | 1.4376 | -0.0167 | -1.15% | Pound / Dollar | 19:55 | 0.6096 | -0.0002 | -0.03% |
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The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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06/05/2011 | 200 | 122 | 82 | 404 | 290,202,791 | R13,147,874,941 | 98047 | 2592891 | 05/05/2011 | 101 | 213 | 87 | 401 | 295,115,753 | R12,787,598,135 | 94510 | 2574216 | 04/05/2011 | 95 | 240 | 75 | 410 | 268,867,587 | R13,667,771,530 | 100927 | 2202187 | 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 |
Index Summary Index Name | RP | Move | % Move | Top 40 | 28,626.86 | 302.40 | 1.07% | Industrial | 32,596.07 | 168.29 | 0.52% | Mid Cap | 41,602.01 | 115.11 | 0.28% | Small Cap | 32,164.30 | 3.97 | 0.01% | Resource 20 | 54,804.63 | 736.79 | 1.36% | Industrial 25 | 27,340.21 | 177.18 | 0.65% | Financial 15 | 8,119.93 | 90.80 | 1.13% | Financial & Ind. 30 | 30,542.97 | 249.62 | 0.82% | All Share | 31,878.83 | 296.69 | 0.94% | Oil & Gas | 27,360.94 | 490.72 | 1.83% | Mining | 36,011.48 | 455.82 | 1.28% | Gold Mining | 2,584.76 | 3.26 | 0.13% | Platinum Mining | 72.14 | 1.87 | 2.66% | Oil & Gas Producers | 14,711.47 | 263.85 | 1.83% | Basic Materials | 30,443.95 | 387.17 | 1.29% | Chemicals | 13,522.82 | 83.77 | 0.62% | Forestry & Paper | 14,408.46 | 103.58 | 0.72% | Industrial Metals | 29,435.57 | 570.52 | 1.98% | Industrials | 27,455.31 | 9.45 | 0.03% | General Industrials | 75,377.43 | -209.09 | -0.28% | Consumer Goods | 26,954.04 | 149.68 | 0.56% | Automobiles & Parts | 3,186.09 | -6.80 | -0.21% | Household Goods | 152.84 | 1 | 0.63% | Health Care | 31,747.42 | -52.73 | -0.17% | Beverages | 83.99 | .43 | 0.51% | Food Producers | 47,730.79 | 367.68 | 0.78% |
| | Index Name | RP | Move | % Move | Personal Goods | 418.68 | 2.20 | 0.53% | Consumer Services | 53,663.04 | 873.22 | 1.65% | General Retailers | 41,618.50 | 279.85 | 0.68% | Travel & Leisure | 3,718.16 | -6.83 | -0.18% | Media | 84.58 | 2.61 | 3.18% | Support Services | 2,355.53 | -14.73 | -0.62% | Telecommunications | 68,731.17 | -536.46 | -0.77% | Financials | 21,473.21 | 215.21 | 1.01% | Banks | 40,309.57 | 710.34 | 1.79% | Non-life Insurance | 31,763.89 | 196.42 | 0.62% | Life Insurance | 15,961.43 | 70.21 | 0.44% | General Financial | 2,244.72 | 20.33 | 0.91% | Technology | 20,393.87 | -119.07 | -0.58% | SHARIAH TOP40 | 3,186.04 | 31 | 0.99% | FTSE/JSE SHARIAH ALL | 3,245.47 | 28 | 0.88% | COAL MINING | 22,436.23 | 387 | 1.75% | FTSE JSE Fledgling | 4,524.77 | 20 | 0.44% | FTSE/JSE Alt X | 1,014.67 | -2 | -0.20% | SA LISTED PROPERTY | 371.88 | | 0.45% | CAPPED PROPERTY | 311.41 | | 0.39% | RESOURCE | 30,275.24 | 404 | 1.35% | DIVIDEND PLUS | 168.41 | 1 | 0.57% | FTSE/JSE RAFI 40 | 6,658.16 | 61 | 0.93% | Capped Top 40 | 14,926.70 | 156 | 1.05% | Capped All Share | 16,049.60 | 148 | 0.93% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | FSR | FIRSTRAND LIMITED | BUY | 04 May | NED | NEDBANK GROUP LTD | SELL | 04 May | SBK | STANDARD BANK GROUP LIMIT... | SELL | 04 May | AIP | ADCOCK INGRAM HLGS LD | HOLD | 04 May | LHC | LIFE HEALTHCARE GRP HLDG ... | BUY | 04 May |
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Results Expected** Expected | Company Name | Fin. Date | 09 May 2011 | ASTRAPAK | February 2011 (Final) | 09 May 2011 | ASTRAPAKP | February 2011 (Final) | 09 May 2011 | CHROMETCO | February 2011 (Final) | 10 May 2011 | BARWORLD | March 2011 (Interim) | 10 May 2011 | BARWORLD6 | March 2011 (Interim) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | SBR003 | 11-05-05 | 11-07-22 | 11-08-05 | R 1.4900 | REDEFINE | 11-05-04 | 11-05-20 | 11-05-30 | R 0.1600 | ALTRON | 11-05-04 | 11-06-24 | 11-07-04 | R 1.0800 | ALTRON PP | 11-05-04 | 11-06-24 | 11-07-04 | R 1.0800 | REDEFINTL | 11-05-03 | 11-05-09 | 11-05-26 | R 0.0203 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | PSG | 11-04-18 | 11-05-06 | 11-05-16 | R 0.4700 | BRIMSTON | 11-02-22 | 11-05-06 | 11-05-16 | R 0.1500 | BRIMST-N | 11-02-22 | 11-05-06 | 11-05-16 | R 0.1500 | CBH | 11-01-27 | 11-05-06 | 11-05-16 | R 0.1110 | CIPLAMED | 11-03-17 | 11-05-06 | 11-05-16 | R 0.0600 |
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Upcoming AGMs** Code | Company Name | Date | Status | NED | Nedbank Group Ltd | 06/05/2011 | Confirmed | KIO | Kumba Iron Ore Ltd | 06/05/2011 | Confirmed | ABSP | Absa Bank Ltd | 09/05/2011 | Unconfirmed | ANDP | Andulela Investment Holdings Ltd | 10/05/2011 | Confirmed | AND | Andulela Investment Holdings Ltd | 10/05/2011 | Confirmed |
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