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Friday, 13 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.
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Charts
S.Africa's rand falls through 7.00/dollar, stocks rebound
By Stella Mapenzauswa and Helen Nyambura
JOHANNESBURG (Reuters) - South Africa's rand fell nearly two percent to two month lows against the dollar on Friday, hit by weaker commodity prices and central bank forex buying after the domestic currency's recent strong gains.
Government bonds extended Thursday's losses -- with the yield on the benchmark 2015 jumping as much as 12 basis points -- after hawkish central bank comments signalled interest rates might start to rise earlier than initially seen to curb inflation.
Stocks however gained 1 percent, rising for the first time in three days as a rebound in precious metal prices helped miners like Gold Fields and AngloGold Ashanti.
The rand dived to a session low of 7.0390/dollar, its weakest level since March 18, making it the worst performer on Friday among 20 emerging market currencies monitored by Reuters.
By 1645 GMT it traded at 7.0350, down 1.94 percent from Thursday's close at 6.9010.
The rand's fall was partly a factor of risk aversion due to renewed debt worries in the euro zone, Bidvest Bank chief dealer Ion de Vleeschauwer said.
"We must bear in mind that commodities have come off a lot as well (recently), so that will affect the rand on a trade weighted basis. We're still largely driven by commodities, it's understandable for the rand to be looking the worst among emerging markets," he said.
The rand has come off last week's three-year highs and is retracing the retreat seen in February after a sharp rally last December.
"This tells you that probably the rand is struggling to sustain stronger levels in the 6.60's because we've bounced from there twice now. From a broader perspective, we're probably in a 6.60-7.10 type of range," de Vleeschauwer noted.
The central bank had also been constantly in the market since April, taking advantage of recent rand strength to build foreign exchange reserves, market players said.
Government bonds followed the currency down and the four-year bond yield closed 11 basis points higher at 7.73 percent while the 2026 note climbed five basis points to 8.685 percent.
On the bourse, shares of ArcelorMittal South Africa recovered 3.6 percent, having fallen for two straight sessions after the unit of the global steelmaker reported a steep drop in first-quarter profit.
Gold prices were firmer on Friday as buyers sought bargains after the hefty price drop of the previous two days. That helped shares of South African resource firms, said David Shapiro, a fund manager at Sasfin Holdings.
"Generally commodity prices have picked up slighty depending on where you measure them from. We've come back quite strong in resource shares," he said.
Johannesburg's benchmark Top-40 index of blue-chip stocks added 0.99 percent to 28,722.89. The broader All-share index rose 0.88 percent 31,959.93.
Gold Fields, Africa's second-biggest gold producer, gained 2.2 percent to 108.99 rand, while AngloGold, Africa's biggest gold miner, rose 1.9 percent to 310.40. Petrochemical group Sasol gained 1.5 percent to 360.19 rand, helped by stronger crude prices.
Fri, 13 May 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-05-13T174014Z_01_AJOE74C1D3400_RTROPTP_3_OZABS-IMPALAPLATINUM-20110513.JPG "A worker casts an ingot of platinum at the Krastsvetmet nonferrous metals plant in the Siberian city of Krasnoyarsk") Impala Platinum (Implats), the world's second largest producer, said on Friday that output of refined platinum rose 9 percent in the nine months to the end of March. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-05-13T174725Z_01_AJOE74C1DF200_RTROPTP_3_OZABS-AFRICA-MONEY-20110513.JPG "The Wal-Mart logo is seen on a sign in Phoenix, Arizona") |
 Suicide bombers attacked a Pakistani paramilitary academy on Friday, killing 80 people in revenge for the death of Osama bin Laden, as Pakistani anger over the U.S. raid to get the al Qaeda leader showed no sign of abating. Full story  Italy said on Friday Muammar Gaddafi has very likely left the Libyan capital and probably been wounded by NATO air strikes, a report that Tripoli immediately dismissed as "nonsense." Full story  Japan Friday announced a plan to help Tokyo Electric Power compensate victims of the crisis at its tsunami-crippled nuclear plant without going broke while it struggles to resolve the worst nuclear crisis since Chernobyl. Full story |
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Markets |
European shares fell on Friday,
weighed down by hawkish comments from European Central Bank
Governor Jean-Claude Trichet on the peripheral euro zone
sovereign debt. . . Full story |
Gold fell 1 percent on Friday,
reversing early gains, as the dollar surged on investor worries
about euro zone debt ahead of meetings. . . Full story |
U.S. stocks fell about 1
percent on Friday as a strengthening in the dollar due to
global uncertainty caused a drop in commodity-related. . . Full story |
Britain's top share index closed
lower on Friday after a slight recovery in battered metal prices
failed to restore confidence in the sustainability. . . Full story | |||
Major stock markets fell on
Friday after data showed U.S. inflation hit the highest level
in 2-1/2 years, while the euro slipped against. . . Full story |
European shares edged higher on
Friday, as upbeat corporate earnings and strong economic growth
numbers in Germany and France boosted confidence about the
recovery. . . Full story |
Tokyo stocks fell to a two-week
low in heavy volume on Friday as bank shares tumbled after the
government's top spokesman sparked concerns. . . Full story |
Australian stocks ended a choppy
session up 0.3 percent with a late lift from
better-than-expected French and German GDP numbers giving some
relief to. . . Full story | ||||
SA Business |
South Africa's rand steadied against the dollar on Friday but looked vulnerable as investors appeared reluctant to take on risky assets and commodity prices softened.. . . Full story | ||||||
Canadian platinum metals miner Anooraq Resources Corp posted a wider quarterly loss and said it is in talks with Anglo Platinum. . . Full story | . . . Full story | South Africa's rand fell more than 1.6 percent against the dollar on Friday, breaching 7.0 for the first time in nearly. . . Full story | South Africa's Evraz Highveld Steel And Vanadium Ltd posted a return to first quarter profit on Friday and said it expects. . . Full story |
Zambia raised the price of
electricity for mining companies by 30 percent, power suppliers
said on Friday, in a move that will spike costs for the sector
in Africa's leading copper producer.. . . Full story |
Company News |
Group refined platinum production rose by 9% to 1.38 million ounces for the nine month period ending March 2011 compared to. . . Full story |
Evraz announced that Michael Garcia is appointed as director and CEO with effect from 13 May 2011.. . . Full story |
A review of the financial results for the 12 months ended 28 February 2010 by management has indicated that the loss. . . Full story |
No change statement. . . Full story | |||
Shareholders were advised that the Pick n Pay consolidated annual financial statements ("Integrated Annual Report") for the year ended 28 February. . . Full story |
Shareholders were advised that the company is in the process of finalising its results for the year ended 28 February 2011. . . Full story |
Shareholders were advised that Ansys is currently in the process of finalising its results for the year ended 28 February 2011.. . . Full story |
Liberty Holdings announce that all the resolutions set out in the notice of the annual general meeting dated 23 February 2011. . . Full story | ||||
Company Results | Revenue increased by 9.8% to R854.5 million (R778 million). Gross profit rose by 13.1% to R206 million (R182.2 million) and operating. . . Full story | Revenue increased to USD35.7 million (USD34.7 million) and operating loss widened to USD10 million (operating loss of USD1.3 million). Net loss. . . Full story | Revenue rose marginally to R513.5 million (R502.6 million) and operating profit improved to R27.9 million (R25.7 million). Profit for the period. . . Full story | Total revenue rose to R15.7 million (R13.9 million). Net attributable profit soared to R1.7 million (R0.2 million). In addition, headline earnings. . . Full story |
World Markets (Spot Prices)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 13/05/2011 | 233 | 109 | 82 | 424 | 272,874,593 | R11,830,088,101 | 91675 | 1964298 |
| 12/05/2011 | 83 | 236 | 79 | 398 | 264,465,126 | R13,048,737,068 | 96422 | 1997646 |
| 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 |
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Stock Exchange News Service
| Date | Time | Headline |
| 13/05/2011 | 17:37 | BRC Diamondcore Ltd - BRC Diamondcore Announces Financing |
| 13/05/2011 | 17:35 | Cargo Carriers Limited - Trading Statement |
| 13/05/2011 | 17:30 | Anglo American plc - Director`s / PDMR`s interests |
| 13/05/2011 | 17:30 | British American Tobacco p.l.c - Notification of transactions |
| 13/05/2011 | 16:59 | 1time holdings Limited - Dealings in securities by directors |
| 13/05/2011 | 16:48 | UCS Group Limited - Trading statement |
| 13/05/2011 | 16:30 | Sappi Limited - Dealing in securities by directors of listed companies |
| 13/05/2011 | 16:00 | Impala Platinum Holdings Limited - Implats third quarter production report |
| 13/05/2011 | 15:49 | Massmart Holdings Limited - Trading of Massmart ordinary shares on behalf |
| 13/05/2011 | 15:28 | Platfields Limited - Correction Trading Statement |
| 13/05/2011 | 15:24 | Evraz Highveld Steel and Vanadium Limited - Group unaudited results for |
| 13/05/2011 | 15:23 | Evraz Highveld Steel and Vanadium Limited - Michael Dennis Garcia |
| 13/05/2011 | 15:21 | Thabex Limited - Trading Statement |
| 13/05/2011 | 15:16 | Platfields Limited - Amended Trading Statement |
| 13/05/2011 | 15:09 | Workforce Holdings Limited - Dealings in securities |
| 13/05/2011 | 15:02 | Platmin Limited - Platmin declares commercial production |
| 13/05/2011 | 15:01 | Platmin Limited - Management discussion and analysis |
| 13/05/2011 | 15:00 | Gold Fields Limited - Posting of circular |
| 13/05/2011 | 15:00 | Platmin Limited - Condensed Consolidated Interim Financial Statements for |
| 13/05/2011 | 14:41 | Platfields Limited - Trading Statement |
| 13/05/2011 | 14:02 | ANO - Anooraq announces unaudited condensed consolidated interim financial |
| 13/05/2011 | 14:01 | Anooraq Resources Corporation - Anooraq announces results for the |
| 13/05/2011 | 14:00 | Anooraq Resources Corporation - Cautionary announcement relating to |
| 13/05/2011 | 13:56 | Capitec Bank Holdings Limited - Dealing in securities by a director |
| 13/05/2011 | 13:53 | Pick N Pay Stores Limited - No change statement and notice of annual |
| 13/05/2011 | 13:53 | Pick N Pay Holdings Limited - No change statement and notice of annual |
| 13/05/2011 | 13:50 | British American Tobacco p.l.c - Notification of transactions of |
| 13/05/2011 | 13:02 | Sovereign Food Investments - Dealings in securities by a director |
| 13/05/2011 | 13:00 | Africa Cellular Towers Limited - Trading Update |
| 13/05/2011 | 12:58 | O-line Holdings Limited - Notification of Share Dealing by O-line |
| 13/05/2011 | 12:40 | Ansys Limited - Trading Statement |
| 13/05/2011 | 12:21 | Liberty Holdings - Results of Annual General Meeting |
| 13/05/2011 | 12:20 | Ideco Group Limited - Trading update for the six months ended |
| 13/05/2011 | 11:27 | Hyprop Investments Limited - Results of Hyprop general meeting |
| 13/05/2011 | 11:13 | Indequity Group Limited - Unaudited condensed consolidated interim |
| 13/05/2011 | 11:02 | JCD - JCI Limited - Cautionary Announcement |
| 13/05/2011 | 11:01 | Finbond Group Limited - Directors` share dealings |
| 13/05/2011 | 10:49 | Shoprite Holdings Limited - Dealing in securities by a non-executive |
| 13/05/2011 | 10:38 | Capital Property Fund - Dealing in securities |
| 13/05/2011 | 10:38 | FFA/FFB - Fortress Income Fund Limited - Dealing in securities |
| 13/05/2011 | 09:42 | SCIB - The Standard Bank of South Africa Limited - Issue of stock warrants |
| 13/05/2011 | 09:40 | Jasco - Director dealing in securities |
| 13/05/2011 | 07:30 | Liberty Holdings Limited - Overview of trading for the three months |
| 13/05/2011 | 07:27 | Winhold Limited - Unaudited condensed interim consolidated results of the |
| 13/05/2011 | 07:19 | First Uranium Corporation - Business Milestones update |
| 13/05/2011 | 07:10 | British American Tobacco P.L.C - Transaction in own shares |
| 13/05/2011 | 07:05 | BHP Billiton Plc - Transaction in shares |
| 13/05/2011 | 07:05 | Gold One International Limited - Trading halt of Gold One securities |
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