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Monday, 09 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
Euro debt worries weigh on S.Africa's rand,stocks
By Phumza Macanda and Gugulakhe Lourie
JOHANNESBURG (Reuters) - The South African rand weakened against the dollar on Monday, giving up its earlier gains partly on Reserve Bank and importers' demand for dollar.
Also weighing on the rand was a weak euro -- the currency of South Africa's largest trading partner -- which was battered by sovereign debt concerns after Standard and Poor's cut Greece's credit rating.
Government bonds firmed as they continued to attract foreign buyers and yields were at their lowest since January.
Domestic stocks ended on a negative note, tracking European stocks that were hit by concerns over European debt.
The rand hit a session high of 6.66 earlier, gains that attracted dollar buyers.
"There's still importers and the central bank looking for these sort of level to come in," said Ion de Vleeschauwer, chief dealer at Bidvest Bank.
Data earlier showed the central bank's reserves accumulation continued in April, with gross reserves rising to $50.6 billion.
By 1530 GMT, the rand had given up its earlier gains to trade at 6.7565 to the dollar, 0.78 percent weaker than Friday's New York close of 6.7045.
"The euro is getting hammered as the Greece problem is dominating news. If the dollar keeps on strengthening the rand is just going to burst and we could see 6.85," de Vleeschauwer said.
Foreigne buying boosted local bonds, dealers said, taking yields to their lowest since January.
The yield on the 2015 bond was down 2 basis points to 7.565 percent and that on the 2026 issue fell 4.5 basis points to 8.56 percent.
The main event this week is the Reserve Bank's interest rate decision on Thursday, at which the bank is expected to leave the repo rate steady at 5.5 percent.
After cutting rates by 650 basis points in the two years to December 2008, the bank ended its loosening cycle in January and the market will be looking to its statement for clues on when it will start tightening policy.
For now, the money market is pricing in a 50 basis point cut in November.
On the bourse, the JSE Top-40 index of blue chips closed 0.9 percent lower at 28,369.46 and the broader All-share index fell 0.84 percent to 31,609.78.
Steel producer AccelorMittal South Africa dropped 4.54 percent to 81 rand and petrochemicals producer Sasol fell 2.77 percent to 351 rand.
Impala Platinum lost 2.32 percent to 185.60 rand and Anglo American Platinum shed 2.02 percent to 620 rand.
Sappi was down 2.89 percent to 33.65 rand after the paper maker said it had trimmed its headline loss in the second quarter and expect the third quarter to be flat due to seasonal factors.
Platinum producer Lonmin, bucked the trend after doubling operating profit to $144 million in the first half, to close 1.7 percent firmer to 173 rand. .
Mon, 09 May 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=http%253A%252F%252Fwww.sharenet.co.za%252Fimages%252Fprofile%252Fastrapak.gif) Revenue increased from R2.6 billion to R2.7 billion in 2011.Gross profit decreased to R575.5 million (2010:R653.5 million) and operating profit decreased to R190.3 million (2010:R267.8 million).Headline earnings per share from continued operations decreased to 73.5cps (2010:116.9cps).
Di Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-05-09T103211Z_01_AJOE7480T9P00_RTROPTP_3_OZABS-SAFRICA-EXPORTS-COAL-20110509.JPG "Labourer searches for usable coal at a cinder dumpsite in Changzhi") South Africa exported 1.2 million tonnes of thermal coal to India in April, a fall from 1.5 million shipped in March, exporter sources said. Full story |
 Pakistan Prime Minister Yusuf Raza Gilani Monday rejected allegations that the killing of Osama bin Laden by U.S. troops in the country showed Pakistani incompetence or complicity in hiding the al Qaeda leader. Full story  NATO planes pounded Libyan government weapons depots southeast of the town of Zintan on Monday, in a sign of widening conflict in the Western Mountains region as rebels battle to unseat Muammar Gaddafi. Full story  Yemeni forces fired at protesters blockading a government building Monday, killing a shopkeeper and two protesters in a city that has seen some of the largest demonstrations against President Ali Abdullah, witnesses said. Full story |
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Markets |
New-found worries that Greece
may be forced to restructure its debt dragged the euro lower on
Monday and took a toll on European. . . Full story |
Gold gained 1 percent on Monday
and silver surged 5 percent, bouncing up on bargain hunting
after last week's sharp sell-offs and boosted. . . Full story |
European shares fell on Monday
after banks were hit by a Greek credit rating downgrade, with
further weakness seen for financials as investors. . . Full story |
U.S. stocks moved higher on
Monday as a bounce back in commodities lifted energy and
materials shares, offsetting concerns about European debt.. . . Full story | |||
Weak banks weighed on Britain's
leading share index on Monday, with the sector hit by their
capitulation in a fight over loan insurance. . . Full story |
Tokyo stocks fell for a second
straight session on Monday, dragged down by a plunge in Chubu
Electric after Prime Minister Naoto Kan. . . Full story |
Australian stocks rose 0.3
percent on Monday, finishing off session highs as banks gave up
early gains in low volume trade ahead of. . . Full story |
Silver rose 2 percent on
Friday, snapping a five-day losing streak that cut prices by
almost a third, while gold rose after encouraging. . . Full story | ||||
SA Business |
South African government bonds and the rand currency started the week on a firmer footing on Monday as dealers looked favourably to risky assets and also supported by a rebound in. . . Full story |
Harmony Gold said on Monday that it had suspended tramming operations at its Kusasalethu mine in South Africa after a worker died there on Saturday in a locomotive accident.. . . Full story |
South Africa's net gold and foreign exchange reserves rose to 46.039 billion at the end of April from $44.725 billion in March, data from the Reserve Bank showed on Monday.. . . Full story | ||||
Great Western Minerals said on Monday it had received full approval from the South African nuclear regulator to begin refurbishing the. . . Full story | South Africa's Industrial Development Group said on Monday it was studying financing for the construction of a 1,200 megawatt hydroelectric dam. . . Full story | Trimble Navigation Ltd agreed to
buy Finnish software company Tekla Oyj for 337 million euros
($485 million) to expand its construction and infrastructure
operations.. . . Full story | The long-term viability of
South Africa's economy is being eroded by a steady flow of
above-inflation wage deals that have been making the. . . Full story |
Platinum producer Lonmin said operating profit more than doubled in the first half and reaffirmed its closely watched 2011 sales guidance, provided it can avoid safety stoppages that have hampered production.. . . Full story |
Company News |
Shareholders were advised that the company's annual financial statements for the year ended 31 December 2010 were posted to shareholders on. . . Full story |
Further to the cautionary announcement dated 11 February 2011 and subsequent renewal of cautionary announcement dated 24 March 2011, shareholders were. . . Full story |
Further to the announcement on 19 May 2010, Bakar Jakoet succeeded Dennis Cope as chief finance officer, and was appointed as. . . Full story |
At the fifth (5th) annual general meeting of the shareholders of Kumba held on Friday, 6 May 2011 all the ordinary. . . Full story | |||
Taste is currently finalising its results for the year ended 28 February 2011 and shareholders are advised that the directors anticipate. . . Full story |
Shareholders are referred to the previous cautionary announcements, the last of which was dated 18 March 2011, and are advised that. . . Full story |
A review of the financial results for the six month period ended 31 March 2011 by management has indicated that the. . . Full story |
According to Business Report, Nedbank would focus on growing its non-interest business in the current financial year after seeing a 16.4. . . Full story | ||||
Company Results | Turnover rose to R102.1 million (R90.9 million). Gross profit increased to R40.5 million (R31.8 million) and profit from operations more than doubled to R9.1 million (R3.4 million). Net attributable profit also. . . Full story | Revenue for the interim period ended March 2011 improved to USD938 million (USD661 million) and operating profit rose significantly to USD144 million (USD65 million). Profit attributable to ordinary equity holders jumped. . . Full story | Sales revenue for the interim period ended 31 March 2011 increased to USD3.697 billion (2010: USD3.196 billion). Gross profit more than doubled to USD464 million (2010: USD222 million), and operating profit. . . Full story |
World Markets (Spot Prices)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 09/05/2011 | 101 | 215 | 83 | 399 | 259,926,692 | R11,583,856,625 | 86689 | 2411707 |
| 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 |
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Stock Exchange News Service
| Date | Time | Headline |
| 09/05/2011 | 17:39 | Miranda Mineral Holdings Limited - Results of Extraordinary General |
| 09/05/2011 | 17:34 | Lonrho - Notification of Major Interest in Shares |
| 09/05/2011 | 17:30 | MND/MNP - Mondi - Employee share |
| 09/05/2011 | 17:01 | Command Holdings Limited - Further update announcement |
| 09/05/2011 | 17:00 | Command Holdings Limited - Postponement of general meeting |
| 09/05/2011 | 16:33 | Sanyati Holdings Limited - Trading statement for the year ended |
| 09/05/2011 | 16:25 | Sanyati Holdings Limited - Change to the board of directors |
| 09/05/2011 | 16:20 | Indequity - Trading Statement |
| 09/05/2011 | 16:20 | Verimark Holdings Limited - Trading Update |
| 09/05/2011 | 16:00 | Santam Limited - No change statement and notice of annual general meeting |
| 09/05/2011 | 15:13 | Poynting Holdings Limited - Renewal of cautionary announcement |
| 09/05/2011 | 15:00 | AECI Limited - Change in date of Annual General Meeting ("AGM") and |
| 09/05/2011 | 14:41 | APK - Astrapak - Reviewed results for the financial year ended 28 February 2011 |
| 09/05/2011 | 14:23 | Retirement of Dennis Cope, and appointment of Aboubakar Jakoet, as |
| 09/05/2011 | 14:22 | Kumba Iron Ore Limited - Report on proceedings at The Annual General |
| 09/05/2011 | 14:20 | Taste Holdings Limited - Voluntary Trading Update |
| 09/05/2011 | 14:20 | Beige Holdings Limited - Listing of preference shares |
| 09/05/2011 | 14:17 | Metorex Limited - Metorex Carbon Footprint Report |
| 09/05/2011 | 14:16 | IPSA Group Plc - Change in Repayment Date of Loan Notes and adjustment of |
| 09/05/2011 | 11:33 | TDH - Tradehold Limited - Results of the rights offer |
| 09/05/2011 | 11:13 | PSV Holdings Limited - Further cautionary announcement |
| 09/05/2011 | 11:10 | RACEC Group Limited - Trading Statement |
| 09/05/2011 | 10:53 | NED/NBKP - Nedbank Group/Nedbank Limited - Quarterly report on Basel II |
| 09/05/2011 | 10:10 | SCIB/RDFSTA - The Standard Bank of South Africa Limited - Interest Distribution |
| 09/05/2011 | 10:09 | SCIB/RDFSIF - The Standard Bank Of South Africa Limited - Interest Distribution |
| 09/05/2011 | 10:07 | Trematon Capital Investments Limited - Dealing in Securities by Director |
| 09/05/2011 | 09:54 | Gold One International Limited - Appendix 3B New Issue Announcement, |
| 09/05/2011 | 09:30 | Winhold Limited - Trading Statement |
| 09/05/2011 | 09:00 | Datatec Limited - Final Year End earnings update |
| 09/05/2011 | 08:58 | Sappi Limited - 2nd Quarter results for the period ended March 2011 |
| 09/05/2011 | 08:30 | Harmony Gold Mining Company Limited - Fatality at Harmony`s Kusasalethu |
| 09/05/2011 | 08:00 | Lonmin Plc - 2011 Interim Results Announcement |
| 09/05/2011 | 08:00 | Lonmin Plc - Second Quarter 2011 Production Report |
| 09/05/2011 | 07:15 | Spanjaard Limited - Condensed group audited results for the year ended |
| 09/05/2011 | 07:05 | BHP Billiton Plc - Transaction in shares |
| 09/05/2011 | 07:05 | Famous Brands - Trading statement in respect of the year ended 28 February |
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