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Wednesday, 11 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.Africa's rand back to 3-week lows vs dlr; stocks slip
By Xola Potelwa and Gugulakhe Lourie
JOHANNESBURG (Reuters) - South Africa's rand fell more than 1.7 percent to a fresh three week low against the dollar on Wednesday as Europe's debt problems kept investors wary of risk and local oil importers bought dollars.
Government bonds also had a tough session, frustrated by the weak rand and local selling at the front end of the curve. Stocks closed slightly lower, tracking U.S. markets weaker after the release of trade deficit figures for the United States.
South African shares took heart from better-than-expected manufacturing numbers earlier in the session but some analysts said the data showed the sector was in a hesitant recovery and the outlook for the rest of the year was uncertain.
The rand currency fell to 6.855 against the dollar, its weakest in three weeks, from Tuesday's New York close of 6.7353.
"We have seen some oil importers today so the rand market was a little bit short of dollars and we're now seeing the results of that," said David Gracey, trader as Investec.
He said the rand was also reacting to a slight sell-off in the gold price, softer U.S. equity markets and the weaker euro.
The volatile rand is retracing a three-year high of 6.5410 touched early last week, giving up 3 percent to current levels.
Government bonds ended weaker, with the short end of the curve under pressure as local accounts liquidated long positions, traders said. The four-year bond yield added five basis points to 7.61 percent while the 2026 note was yielding 2 basis points more at 8.555 percent.
"There has been consistent selling all day. Most of the activity has been on the R157s -- there have been buyers of R186s and R208s, but the front end of the curve has been really well offered," said a local bond trader.
"The guys were looking for liquidity, and the R157s were the most liquid point today".
The dealer said foreign investors were more interested in the longer end of the curve, which had helped prop up the four-year R186 bond.
Foreigners bought 4.8 billion rand of local debt last week, the most buying seen in three weeks, according to data from the Johannesburg Stock Exchange.
Markets are awaiting an interest rate decision from the South African Reserve Bank on Thursday, with policymakers seen keeping the benchmark repo rate unchanged at 5.5 percent.
STOCKS HIT BY U.S.
The JSE Top-40 index of blue chips, which had spent the morning session in positive territory, closed 0.12 percent lower to 28,810.24 and the broader All-share index shed 0.11 percent to 32,051.35.
"We swung from being quite positive into negative trend after the news that the U.S. deficit was worse than expected," said Ferdi Heyneke, a portfolio manager at Afrifocus Securities.
The U.S. trade deficit widened more than forecast in March as rising oil prices helped push imports nearly 5 percent higher, while exports leapt to a new record, a U.S. government report showed.
On the JSE, ArcelorMittal South Africa tumbled 3.03 percent to 79.61 rand after the steelmaker reported a 74 percent drop in first-quarter profit, as higher coal and iron ore prices drove up costs.
Bourse and mining heavyweight BHP Billiton shed 0.52 percent to 269.30 rand and rival Anglo American lost 1.47 percent to 335 rand as copper slipped.
But Richemont's Johannesburg-traded shares jumped 2.97 percent to 43.62 rand on expectations the Swiss luxury goods firm will post strong annual results next week.
Wed, 11 May 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=http%253A%252F%252Fwww.sharenet.co.za%252Fimages%252Fprofile%252Foasis_crescent_pf.gif) Revenue increased from R56.4 million to R57.9 million in 2011.Operating profit decreased to R45.9 million (2010: R55.2 million).Headline earnings on a per share basis decreased to 99.6cps (2010: 110.0cps).
Distribution
Notice is hereby given that a final income distribution, after non- Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-05-11T081222Z_01_AJOE74A0MSR00_RTROPTP_3_OZABS-ANGLOGOLD-20110511.JPG "Refined gold is poured into moulds to be made into gold bars at South Africa's Rand Refinery in Germiston") Africa's biggest gold miner AngloGold Ashanti returned to profit in the first quarter on Wednesday after buying back its hedge book and said it expects slightly higher output in the current three months. Full story |
 Libyan rebels said they took control of Misrata airport in heavy fighting with forces loyal to Muammar Gaddafi on Wednesday and rejected a United Nations call for a cease-fire. Full story  Thirteen people were killed in the southern Syrian town of Harra on Wednesday in tank shelling and gunfire, activist Ammar Qurabi said. Full story  Yemeni forces opened fire on demonstrators in three cities on Wednesday, killing at least four and wounding scores in escalating bloodshed that could ramp up public fury at the president's refusal to step down. Full story |
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Markets |
U.S. stocks faltered on
Wednesday after a three-day rally as a strengthening dollar and
data showing a rise in U.S. fuel supplies sent. . . Full story |
A slide in oil prices on
Wednesday sparked a second big rout across commodities in less
than a week, driving investors away from. . . Full story |
Silver fell more than 7
percent on Wednesday, breaking a three-day rebound from last
week's 25 percent decline and dragging gold as crude. . . Full story |
Commodity and banking stocks
dragged Britain's FTSE 100 below the 6,000 level on Wednesday,
with these sectors pressured by Greece's debt problems and
uncertainty. . . Full story | |||
European shares edged up in early
trade on Wednesday, tracking Wall Street higher, as earnings
reports on both sides of the Atlantic beat. . . Full story |
China shares edged lower on
Wednesday as high inflation and tighter liquidity kept investors
cautious, while a slide in HSBC pulled the Hong. . . Full story |
Australian stocks rose 1.2
percent on Wednesday, powered by a rebound in the resources
sector from last week's pummeling, while Australia's new budget
bill,. . . Full story |
Japan's Nikkei rose on Wednesday
for a second straight day, boosted by gains in companies that
provided positive outlooks for the current business. . . Full story | ||||
SA Business |
Growth in South Africa's manufacturing output slowed to 4.6 percent year-on-year in volume terms in March compared with a downwardly revised. . . Full story |
Harmony Gold said on Wednesday it had restarted tramming operations at its Kusasalethu mine in South Africa which were suspended following. . . Full story |
South Africa's rand recovered from the previous day's three-week lows against the dollar on Wednesday, supported by a return of risk. . . Full story |
ArcelorMittal South Africa, a unit of the world's top steelmaker, on Wednesday reported a sharp drop in first-quarter profit, but said. . . Full story | |||
South African power utility Eskom said on Wednesday it had sold 400 million rand of its ES23 bond due in 2023. . . Full story | Shares in ArcelorMittal South Africa opened more than 2 percent lower on Wednesday after the company reported a sharp drop in. . . Full story | South African grocery chain Spar Group reported flat first-half profit on Wednesday, as higher delivery costs and investments in stores offset. . . Full story | South Africa's rand fell to a three-week low against the dollar on Tuesday as the central bank bought foreign exchange, while. . . Full story |
Company News |
Rockwell Diamonds Inc. announce the appointment of Mr. James Campbell as President and Chief Executive Officer of the company with effect. . . Full story |
Further to the trading update issued on the Securities Exchange News Service ("SENS") of the JSE on 16 February 2011, Calgro. . . Full story |
The board of directors of Vox ("the board") hereby notifies its shareholders that Mr. G. E. Roth ("Ernst"), a non-executive director. . . Full story |
CapShop announces that it intends to release its interim management statement for the period from 1 January 2011 to 17 May. . . Full story | |||
Shareholders of the company are hereby advised that Dr. Mpumela Kayalethu Makaba ("Dr. Makaba") has been appointed as a non-executive director of the company, with effect from 10 May 2011. . . Full story |
Shareholders were referred to various circulars and SENS announcements regarding the acquisition of five identified subsidiary companies from UCS Group Ltd ("the UCS transaction"). In terms of the UCS transaction JD Bright or an alternative person as may be approved by. . . Full story | ||||||
Company Results | LifeHC's maiden interim results showed revenue of R4.7 billion and operating profit of R987 million. Net attributable profit amounted to R552. . . Full story | Revenue for the interim period ended 31 March 2011 rose to R589.3 million (R484.6 million) and earnings before interest, taxation, depreciation. . . Full story | Revenue increased to R1.6 billion (R1.4 billion). Gross profit rose to R696.4 million (R596.8 million) and operating profit increased to R166.4. . . Full story | Group revenue for operations increased by 3.0% to R954.5 million (February 2010: R926.8 million). Net operating income - EBITDA, decreased by. . . Full story |
World Markets (Spot Prices)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 11/05/2011 | 159 | 181 | 85 | 425 | 282,588,135 | R15,255,496,872 | 110989 | 2238489 |
| 10/05/2011 | 242 | 93 | 75 | 410 | 302,922,569 | R13,330,206,641 | 95876 | 2205012 |
| 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 |
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Index Summary
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Latest Consensus Changes**
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Upcoming AGMs**
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Stock Exchange News Service
| Date | Time | Headline |
| 11/05/2011 | 17:53 | Oasis - Final abridged audited results and income distribution |
| 11/05/2011 | 17:36 | Rockwell Diamonds appoints new CEO |
| 11/05/2011 | 17:19 | Dialogue Group Holdings Limited - Results of annual general meeting |
| 11/05/2011 | 17:14 | Anglogold Ashanti - Results of general meeting regarding the proposed |
| 11/05/2011 | 17:12 | AngloGold Ashanti - Results of annual general meeting |
| 11/05/2011 | 17:04 | MTN Group Limited - Dealing in securities by a director of a major |
| 11/05/2011 | 16:47 | Calgro M3 - Trading Statement |
| 11/05/2011 | 16:41 | Consolidated Infrastructure - Dealing in Securities |
| 11/05/2011 | 16:30 | Vox Telecom Limited - Resignation of non-executive director |
| 11/05/2011 | 16:21 | Austro Group Limited - Trading Update |
| 11/05/2011 | 16:01 | EXT - Extract Resources Limited - Update regarding possible offer for Kalahari |
| 11/05/2011 | 16:00 | Massmart Holdings Limited - Trading of Massmart ordinary shares on |
| 11/05/2011 | 16:00 | Oceana - Interim Report and Dividend Declaration for the six months ended |
| 11/05/2011 | 16:00 | Dorbyl Limited - Change in directorate |
| 11/05/2011 | 15:54 | Hulamin Limited - Dealing in securities by directors |
| 11/05/2011 | 15:54 | ZGOVI - The ZSHARES ETF Scheme - Withdrawal of ZGOVI participatory interests |
| 11/05/2011 | 15:22 | Coal of Africa Limited - Vele section 24G application update |
| 11/05/2011 | 15:18 | Sovereign Food Investments Limited - Dealings in Securities by Director |
| 11/05/2011 | 15:15 | CPI/ CPIP - Dispatch of Capitec integrated annual report and no change |
| 11/05/2011 | 15:02 | ARB - Dealing in securities by a director of a major subsidiary |
| 11/05/2011 | 15:00 | Capital Shopping Centres Group Plc - Notification of interim management |
| 11/05/2011 | 15:00 | Sun International Limited - Business Update for the Quarter and Nine |
| 11/05/2011 | 14:54 | Masonite (Africa) Limited - Results of annual general meeting |
| 11/05/2011 | 13:58 | Imuniti Holdings Limited - Resignation of financial director |
| 11/05/2011 | 13:39 | Uranium One Inc - Revised News Release - Uranium One Announces 33% |
| 11/05/2011 | 13:30 | Ububele Holdings Limited - Appointment to the board of directors |
| 11/05/2011 | 13:01 | Uranium One Inc - Uranium One Announces 33% Increase in Q1 2011 |
| 11/05/2011 | 13:00 | Uranium One Inc - Interim Financial Statements for the period ended |
| 11/05/2011 | 12:30 | Lonrho Plc - TR-1: Notification of major interest in shares |
| 11/05/2011 | 12:29 | Finbond Group Limited - Change to board - financial director |
| 11/05/2011 | 12:15 | MND/MNP - Mondi Limited/Mondi Plc - Notification of Major Interests in Shares |
| 11/05/2011 | 11:55 | IQuad Group Limited - Dealing In Securities |
| 11/05/2011 | 11:20 | CCO - Capital & Counties Properties PLC - Notification of major interests in |
| 11/05/2011 | 11:00 | Metorex Limited - No change statement and notice of annual general |
| 11/05/2011 | 10:49 | DTCIDI - Investec Warrants - Declared cash distribution by way of capital |
| 11/05/2011 | 10:05 | BBET40 - The BettaBeta Equally Weighted Top 40 portfolio - Secondary listing |
| 11/05/2011 | 09:25 | SCIB - ACLSTF - The Standard Bank Of South Africa Limited - Issue of Share |
| 11/05/2011 | 09:24 | SCIB - The Standard Bank Of South Africa Limited - Issue of Stock Warrants |
| 11/05/2011 | 08:55 | Sacoil Holdings Limited - Dealing in Securities |
| 11/05/2011 | 08:37 | Firestone Energy Limited - Firestone share purchase plan |
| 11/05/2011 | 08:36 | Firestone Energy - Notification under Asic Class Order (CO 09/425) |
| 11/05/2011 | 08:35 | Firestone Energy Limited - Appendix 3B |
| 11/05/2011 | 08:00 | Datatec Limited - Audited results for the financial year ended 28 February |
| 11/05/2011 | 08:00 | Business Connexion Group Limited - Appointment of non-executive |
| 11/05/2011 | 08:00 | DBXUS - db x-trackers MSCI USA Index EFT - Listing of additional 3 000 000 |
| 11/05/2011 | 07:56 | AngloGold Ashanti Limited - Anglogold Ashanti Posts $203m Earnings; Cuts |
| 11/05/2011 | 07:55 | Anglogold Ashanti Limited - Report to shareholders for the quarter ended |
| 11/05/2011 | 07:10 | British American Tobacco p.l.c.- Transaction in own shares |
| 11/05/2011 | 07:05 | BHP Billiton Plc - Transaction in shares |
| 11/05/2011 | 07:05 | The Spar Group Limited - The Spar Group Limited unaudited interim results |
| 11/05/2011 | 07:05 | ArcelorMittal South Africa Limited - Unaudited group earnings and |
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