The Sharenet Daily 
Friday, 20 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
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.African bonds end mixed after rally, stocks slip

By Xola Potelwa and Tiisetso Motsoeneng

JOHANNESBURG (Reuters) - Yields on South African government bonds fell to four-month lows on Friday before the four-year bond gave up its price gains and ended softer while the 15-year paper remained supported to the offical JSE close.

The rand came off earlier highs to end weaker against the dollar and stocks also ended lower, led by African Bank ahead of its first-half results on Monday while euro zone debt worries knocked overall sentiment.

Bonds gained during the session, helped by softer-than- forecast inflation data from earlier in the week, which has the market thinking interest rates will be kept lower for longer, and continued offshore interest in local debt.

Foreign investors are however more prone to buy on the longer end of the curve, which is propping up that area of the curve while the rand drags the front end lower.

The yield on the four year bond ended the week slightly higher, adding 1 basis point to 7.55 percent, while that on the longer-dated 15 year debt fell 3.5 basis points to 8.465 percent, compared to Thursday's closes on the JSE.

The rand gave up earlier gains as a lack of market news saw investors watching euro/dollar for direction. It traded at a session low of 6.94 to the dollar, off a close of 6.8655 on Thursday.

"Rand was doing quite well earlier in the session but we've had a quite a bit of a turn-around now late into the session, said Sean McCalgan, market analyst at ETM.

"This is all a function of global equity markets turning lower through the day and seeing a sharp move lower on the euro against most of its major trading partners," said McCalgan.

He added euro zone events were leading to global uncertainty and people were wary of being caught out with risky assets.


The JSE Top-40 blue-chip index slipped 0.39 percent to 28.552.45 and the broader All-share index fell by the same margin to 31,794.13.

African Bank was the worst performer on the blue chip index, dropping 3.63 percent to 34.20 rand ahead of its first-half results on Monday.

"It's fallen out of favour since its (forecast)," says Darren Schutte, a trader at Newstrading.

The bank -- which also owns furniture retailer Ellerines -- has fallen about 8 percent since last week, when its profit guidance came in short of what analysts had expected.

Other decliners were Absa, which lost 2.34 percent to 133.55 rand Harmony, which gave up 1.45 percent to 91.15 rand.

On the flipside, Mvelaphanda Resources surged 8.35 percent to 467 rand after the mining company said it would pay a special dividend.

Fri, 20 May 2011
Top News
South Africa's fourth maize output forecast by traders for the 2010/11 season is seen at 10.85 million tonnes compared with 10.8 million tonnes in the previous forecast, a Reuters Poll showed on Friday.  Full story

South Africa's rand touched a 1-1/2 week high against the dollar on Friday but further gains look unlikely, with the currency largely tracking global markets due to a lack of market-moving local news.  Full story
European leaders raced on Friday to nominate a successor for fallen IMF chief Dominique Strauss-Kahn before a G8 summit next week, with French Economy Minister Christine Lagarde in pole position.  Full story
Syrian security forces shot dead at least 30 demonstrators on Friday during protests that broke out across the country in defiance of a military crackdown which has killed hundreds of people, a rights activist said.  Full story
North Korea's iron ruler Kim Jong-il made a surprise visit to China on Friday, South Korean media reported, amid a series of confusing reports about who was involved and the purpose of the trip.  Full story
Gold rose more than 1 percent on Friday, heading for its biggest daily gain in two weeks on safe-haven buying as investors fretted. . .  Full story
The euro fell against the U.S. dollar on Friday on fresh fears of a Greek debt default, which sent global stocks lower.. . .  Full story
U.S. stocks fell on Friday, as shares of large multinationals sensitive to the dollar fell in sync with the euro on the euro. . .  Full story
Weak banks pushed Britain's top shares lower on Friday, with the financial sector taking a knock after ratings agency Fitch downgraded Greece's credit. . .  Full story

European shares fell on Friday, with investors reducing their exposure to riskier assets as concerns over the euro zone debt crisis intensified after ratings. . .  Full story
Hong Kong shares inched higher on Friday but was susceptible to declines next week if weakness in large caps and persistently low turnover. . .  Full story
European shares rose in early trade on Friday, with BP leading the energy sector up after a partner agreed to pay it more. . .  Full story
The Nikkei stock average edged lower in thin trade on Friday and many investors moved to the sidelines saying the benchmark may. . .  Full story

Miner Lonmin said on Friday there was unspecified industrial action taking place at its Marikana operations in South Africa by members. . .  Full story
South African miner Exxaro has invited bids for its stake in a zinc and lead mine in Namibia and ownership of. . .  Full story
South Africa auctioned 3.825 billion rand worth of three-month Treasury Bills on Friday at an average yield of 5.51 percent from. . .  Full story
U.S. Treasury Secretary Timothy Geithner on Thursday called for an "open process" to select a new head of the International Monetary. . .  Full story
Company News
Shareholders are referred to the announcements dated 30 December 2010 and 18 April 2011 detailing the announcement by Pinnacle of its. . .  Full story
As set out in the circular to Mvela Resources shareholders, dated 18 February 2011, the Mvela Resources scheme was subject, inter. . .  Full story
Further to the cautionary announcements dated 22 November 2010, 05 January 2011, 17 February 2011 and 1 April 2011 respectively, shareholders. . .  Full story
Unitholders are referred to the SENS announcement of Wednesday, 11 May 2011, relating to inter alia, the income distribution with the. . .  Full story

Shareholders are advised that StratCorp is currently finalising its results for the year ended 28 February 2011 and anticipates that the. . .  Full story
CapShop confirmed that the South African rand exchange rate for the 2010 final dividend of GBP10pps to be paid on 21. . .  Full story
Shareholders are advised that the ordinary and special resolutions proposed at the annual general meeting of Exxaro shareholders held on Thursday,. . .  Full story
Further to the cautionary announcement released on SENS on 1 April 2011 and in the press on 4 April 2011 and. . .  Full story
Company Results
Sales. . .  Full story
Revenue increased to R243.5 million (R211.5 million). Gross profit rose to R70.1 million (R62.3 million). Net attributable profit declined to R29.1. . .  Full story
Revenue increased to USD19.4 billion (USD18 billion) while operating profit rose to USD3.1 billion (USD2.6 billion).Profit attributable to equity shareholders. . .  Full story
k. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0031794.13-124.80-0.39%
JSE Top 4017:0028552.45-111.31-0.39%
JSE Gold17:002556.56-7.61-0.30%
JSE Financial17:0021469.12-76.08-0.35%
JSE Industrial17:0032837.00-40.78-0.12%
JSE Indust 2517:0027657.78-9.13-0.03%
JSE Resource17:0054024.53-381.04-0.70%
DJ Futures20:0012570.00-20.00-0.16%
DJ Ind19:1512579.70-25.62-0.20%
SP 50019:501340.69-2.91-0.22%
FTSE 10017:355948.49-7.50-0.13%
All Ords08:374807.70-20.50-0.42%
NZSE 5007:363577.448.450.24%
NameTimeRPMove% Move
Gold/R kg20:0033564160921.85%
Brent Crude19:56112.63.320.28%
Rand / Dollar19:596.89640.02860.42%
Rand / Pound19:5511.20210.09070.82%
Rand / Euro19:559.8040-0.0245-0.25%
Rand / NZD19:575.51130.07831.44%
Rand / AUD19:557.38080.05300.72%
Yen / Dollar19:5781.5300-0.1300-0.16%
Euro / Dollar19:550.70320.00460.66%
Dollar / Euro19:591.4216-0.0094-0.66%
Pound / Dollar19:550.6136-0.0024-0.39%

Click here for the Sharenet Spot Price page
The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 JUBILEE  3547325.98.%1935717
2 GOLIATH  3905516.42.%21992
3 MVELARES  467368.35.%16467829
4 PARACON  185148.19.%347821
5 ARB  345206.15.%11603
6 KELLY  400194.99.%400
7 COAL  900354.05.%71060
8 AFRIMAT  416164.00.%7202
9 ONELOGIX  12043.45.%153787
10 DIGICOR  29093.20.%5000
11 VERIMARK  17053.03.%4101
12 LITHA  24073.00.%66800
13 CLIENTELE  1000252.56.%200148
14 INVLTD  55251262.33.%1888672
15 SENTULA  26462.33.%119988
16 INVPLC  55501051.93.%4882707
17 ITLTILE  44081.85.%66884
18 PINNACLE  795141.79.%11051
19 RICHEMONT  4388761.76.%10840877
20 ACUCAP  3500601.74.%342336

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Major Moves Down
SharenameSaleMove% MoveVolume
1 CARGO  900-120-11.76.%37681
2 TRNSHEX  256-24-8.57.%1320
3 SACOIL  127-6-4.51.%3146256
4 VIVIDEND  465-19-3.93.%24670
5 UNIVERSAL  175-7-3.85.%5000
6 JASCO  101-4-3.81.%85800
7 ABIL  3420-129-3.63.%9878030
8 NUWORLD  1999-66-3.20.%12614
9 CAPITEC  18915-585-3.00.%284694
10 MERAFE  133-4-2.92.%7363850
11 GROUP-5  2850-85-2.90.%187899
12 BELL  1360-40-2.86.%3596
13 JDGROUP  4285-115-2.61.%823063
14 ABSA  13355-320-2.34.%911572
15 RAUBEX  1865-42-2.20.%45229
16 AVENG  3335-72-2.11.%2250518
17 EHSV  5290-109-2.02.%42854
18 PPC  2520-50-1.95.%460407
19 PALCAP  255-5-1.92.%149315
20 WBHO  10700-200-1.83.%22998

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New Highs
SharenameSaleHighMove% MoveVolume
1 MVELARES  467467368.35.%16467829
2 AFRIMAT  416420164.00.%7202
3 BATS  30695307003451.14.%1966544
4 WILDRNESS  56056050.90.%1000
5 LIFEHC  17291735140.82.%11772550
6 PSG  46504795-3-0.06.%288501
7 SABMILLER  2530625971-53-0.21.%2121921
8 CAPITEC  1891519660-585-3.00.%284694

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New Lows
SharenameSaleLowMove% MoveVolume
1 MASONITE  275024020.424
2 JUBILEE  3542807325.98.%1935717

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Index Summary
Index NameRPMove% Move
Top 4028,552.45-111.31-0.39%
Mid Cap41,480.82-175.12-0.42%
Small Cap32,070.05-102.04-0.32%
Resource 2054,024.53-381.04-0.70%
Industrial 2527,657.78-9.13-0.03%
Financial 158,107.74-32.02-0.39%
Financial & Ind. 3030,774.01-34.86-0.11%
All Share31,794.13-124.80-0.39%
Oil & Gas 26,895.62-189.18-0.70%
Mining 35,503.98-248.87-0.70%
Gold Mining2,556.56-7.61-0.30%
Platinum Mining70.13-.04-0.06%
Oil & Gas Producers 14,461.28-101.72-0.70%
Basic Materials 30,023.17-200.65-0.66%
Chemicals 13,686.34-15.34-0.11%
Forestry & Paper 14,701.79-74.28-0.50%
Industrial Metals 28,302.77-71.02-0.25%
Industrials 27,443.26-93.38-0.34%
General Industrials 75,843.7067.960.09%
Consumer Goods 27,711.42111.220.40%
Automobiles & Parts 3,170.24-11.32-0.36%
Household Goods152.52-2-1.28%
Health Care 32,305.03-117.88-0.36%
Beverages 86.48-.18-0.21%
Food Producers 46,899.11-141.17-0.30%
Index NameRPMove% Move
Personal Goods 438.267.591.76%
Consumer Services 53,487.64-154.97-0.29%
General Retailers 40,761.39-345.63-0.84%
Travel & Leisure 3,659.07-11.52-0.31%
Media 86.66.530.62%
Support Services 2,399.03-.93-0.04%
Telecommunications 68,114.68-443.32-0.65%
Financials 21,469.12-76.08-0.35%
Banks 40,149.68-316.22-0.78%
Non-life Insurance 30,759.97-157.62-0.51%
Life Insurance 15,892.60-20.63-0.13%
General Financial 2,267.96-6.06-0.27%
Technology 21,212.57-81.01-0.38%
SHARIAH TOP40 3,144.26-21-0.67%
FTSE/JSE SHARIAH ALL3,205.79-20-0.63%
COAL MINING21,983.94-106-0.48%
FTSE JSE Fledgling 4,555.28130.28%
FTSE/JSE Alt X 1,046.34222.16%
RESOURCE 29,837.00-209-0.70%
DIVIDEND PLUS167.78-1-0.48%
FTSE/JSE RAFI 406,640.00-26-0.40%
Capped Top 4014,904.85-48-0.32%
Capped All Share16,015.23-58-0.36%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
21 May 2011SACOILFebruary 2011 (Final)
23 May 2011ABILMarch 2011 (Interim)
23 May 2011ABIL PREFMarch 2011 (Interim)
23 May 2011FAMBRANDSFebruary 2011 (Final)
23 May 2011LEWISMarch 2011 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
INVPREF11-05-1911-06-0911-06-30R 0.0748
INVPLC11-05-1911-07-2211-08-08R 0.0900
INVESTEC-P11-05-1911-06-0911-06-30R 3.4161
METMAR11-05-1911-06-1711-06-27R 0.1100
SABMILLER11-05-1911-08-0111-08-05R 0.6150
Ex Div**
Share NameDec-DateLDTPay-DateAmount
ALTECH11-04-2011-05-2011-05-30R 3.5600
JSE11-03-1511-05-2011-05-30R 2.1000
FPT11-05-0611-05-2011-05-30R 0.2771
SPANJAARD11-02-2511-05-2011-05-30R 0.1600
REDEFINE11-05-0411-05-2011-05-30R 0.1600

Upcoming AGMs**
CodeCompany NameDateStatus
GNDGrindrod Ltd25/05/2011Confirmed
GNDPGrindrod Ltd25/05/2011Confirmed
CMHPCombined Motor Holdings Ltd25/05/2011Confirmed
CMHCombined Motor Holdings Ltd25/05/2011Confirmed
CMPCipla Medpro South Africa Ltd25/05/2011Confirmed

Stock Exchange News Service
20/05/201117:48 Pinnacle Point Group Limited - Claw back offer declaration announcement
20/05/201117:46GEN - FTSE/JSE Africa Index Series - Northam Platinum (South Africa): Scheme of
20/05/201117:21 Rebosis Property Fund Limited - Dealing In Securities
20/05/201117:01FFA/FFB - Fortress Income Fund Limited - Changes to the board of directors and
20/05/201117:00 Oando PLC - Notice of Annual General Meeting
20/05/201117:00 SAB Millier Plc - EBT Release
20/05/201117:00 Austro Group Limited - Unaudited condensed consolidated interim financial
20/05/201116:49EXT - Extract Resources Limited - Husab Uranium Project - National
20/05/201116:35NQA - Nqaba Finance 1 (Proprietary) Limited - New Financial Instrument Listing
20/05/201116:24HPA / HPB - Hospitality Property Fund Limited - Acquisition of the Westing Grand
20/05/201115:27 Mvelaphanda Resources Limited - Declaration of special cash dividend
20/05/201115:23 Resilient Property Income Fund Limited - Dealing In Securities
20/05/201115:10 Buildmax Limited - Trading Statement
20/05/201115:00 British American Tobacco P.L.C - Notification of transactions by
20/05/201115:00 Datatec Limited - Settlement of awards under share schemes using treasury
20/05/201114:49 RBA Holdings Limited - Acquisition of properties for investment purposes
20/05/201114:47 Queensgate Hotels and Leisure Limited - Renewal of cautionary announcement
20/05/201114:42 Imuniti - Further Trading Statement
20/05/201114:00 London Finance & Investment Group P.L.C.- Dealing in securities by
20/05/201113:35 Anglo American plc - Blocklisting of ordinary shares
20/05/201113:10 IQuad Group Limited - Dealing in securities
20/05/201113:00 AngloGold Ashanti Limited - Anglogold Ashanti announces granting of
20/05/201112:33SBR002 - The Standard Bank Of South Africa Limited - Interest Rate
20/05/201112:05 Primeserv Group Limited - Cautionary Announcement
20/05/201112:01 Shoprite Holdings Limited - Dealing in securities by a non-executive
20/05/201112:00 Jubilee Platinum PLC - Jubilee in preliminary discussions and cautionary
20/05/201111:59 Oasis Crescent Property Fund - Finalisation announcement in respect of
20/05/201111:55 Tradehold Limited - Reviewed results for the 12 months to 28 February 2011
20/05/201111:30CCO - Capital & Counties Properties PLC - Notification of major interests in
20/05/201111:23 Stratcorp Limited - Trading Update
20/05/201111:00 Capital Shopping Centres Group PLC - Exchange rate for 2010 final
20/05/201110:50 Kairos Industrial Holdings Limited - Trading Statement
20/05/201110:34BRT/BRN - Brimstone Investment Corporation Limited - Results of annual
20/05/201110:21 John Daniel Holdings Limited - Renewal of cautionary announcement
20/05/201110:00AFEP - AECI LIMITED - Notice to preference shareholders dividend No. 146
20/05/201109:57 Massmart Holdings Limited - Trading of Massmart ordinary shares on
20/05/201109:31 Exxaro - Results of Annual General Meeting
20/05/201108:34 Gold One - Amended Constitution
20/05/201108:00Africa Cellular Towers Limited - Audited Condensed Financial Results for the
20/05/201108:00 Gijima Group Limited - Further cautionary announcement
20/05/201107:55SER/SRN - Seardel Investment Corporation - Reviewed consolidated condensed
20/05/201107:24 British American Tobacco P.L.C - Transaction In Own Shares
20/05/201107:16 BHP Billiton Plc - Transaction in shares
20/05/201107:05 Cargo Carriers Limited - Audited results for the year ended 28 February
20/05/201107:05 1time holdings Limited - No change statement and Notice of Annual General
20/05/201107:05 Wilderness Holdings Limited - Trading Statement
20/05/201107:05DLVP/DLP1 - Dorbyl Limited - Declaration of Preference Dividends

Click here for more SENS news