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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 support@sharenet.co.za
Charts
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.
BOURSE SLIPS
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 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-05-20T100827Z_01_AJOE74J0S6500_RTROPTP_3_OZABS-MAIZE-SAFRICA-POLL-20110520.JPG "-PHOTO TAKEN 23FEB06- Black South African commercial farmer Motsepe Matlala inspects the maize growi..") 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 ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnews_images_sn%252F1297171471.jpg "South African Rands") 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 |
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Markets |
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)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 20/05/2011 | 142 | 181 | 76 | 399 | 303,323,807 | R12,622,485,079 | 103784 | 1955353 |
| 19/05/2011 | 193 | 127 | 90 | 410 | 262,007,068 | R11,069,387,714 | 87617 | 1985181 |
| 17/05/2011 | 127 | 213 | 75 | 415 | 313,772,839 | R13,420,246,840 | 104943 | 2189249 |
| 16/05/2011 | 154 | 162 | 83 | 399 | 240,222,858 | R10,809,816,699 | 88615 | 2006548 |
| 13/05/2011 | 233 | 109 | 82 | 424 | 272,874,593 | R11,830,088,101 | 91675 | 1964298 |
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Index Summary
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Stock Exchange News Service
| Date | Time | Headline |
| 20/05/2011 | 17:48 | Pinnacle Point Group Limited - Claw back offer declaration announcement |
| 20/05/2011 | 17:46 | GEN - FTSE/JSE Africa Index Series - Northam Platinum (South Africa): Scheme of |
| 20/05/2011 | 17:21 | Rebosis Property Fund Limited - Dealing In Securities |
| 20/05/2011 | 17:01 | FFA/FFB - Fortress Income Fund Limited - Changes to the board of directors and |
| 20/05/2011 | 17:00 | Oando PLC - Notice of Annual General Meeting |
| 20/05/2011 | 17:00 | SAB Millier Plc - EBT Release |
| 20/05/2011 | 17:00 | Austro Group Limited - Unaudited condensed consolidated interim financial |
| 20/05/2011 | 16:49 | EXT - Extract Resources Limited - Husab Uranium Project - National |
| 20/05/2011 | 16:35 | NQA - Nqaba Finance 1 (Proprietary) Limited - New Financial Instrument Listing |
| 20/05/2011 | 16:24 | HPA / HPB - Hospitality Property Fund Limited - Acquisition of the Westing Grand |
| 20/05/2011 | 15:27 | Mvelaphanda Resources Limited - Declaration of special cash dividend |
| 20/05/2011 | 15:23 | Resilient Property Income Fund Limited - Dealing In Securities |
| 20/05/2011 | 15:10 | Buildmax Limited - Trading Statement |
| 20/05/2011 | 15:00 | British American Tobacco P.L.C - Notification of transactions by |
| 20/05/2011 | 15:00 | Datatec Limited - Settlement of awards under share schemes using treasury |
| 20/05/2011 | 14:49 | RBA Holdings Limited - Acquisition of properties for investment purposes |
| 20/05/2011 | 14:47 | Queensgate Hotels and Leisure Limited - Renewal of cautionary announcement |
| 20/05/2011 | 14:42 | Imuniti - Further Trading Statement |
| 20/05/2011 | 14:00 | London Finance & Investment Group P.L.C.- Dealing in securities by |
| 20/05/2011 | 13:35 | Anglo American plc - Blocklisting of ordinary shares |
| 20/05/2011 | 13:10 | IQuad Group Limited - Dealing in securities |
| 20/05/2011 | 13:00 | AngloGold Ashanti Limited - Anglogold Ashanti announces granting of |
| 20/05/2011 | 12:33 | SBR002 - The Standard Bank Of South Africa Limited - Interest Rate |
| 20/05/2011 | 12:05 | Primeserv Group Limited - Cautionary Announcement |
| 20/05/2011 | 12:01 | Shoprite Holdings Limited - Dealing in securities by a non-executive |
| 20/05/2011 | 12:00 | Jubilee Platinum PLC - Jubilee in preliminary discussions and cautionary |
| 20/05/2011 | 11:59 | Oasis Crescent Property Fund - Finalisation announcement in respect of |
| 20/05/2011 | 11:55 | Tradehold Limited - Reviewed results for the 12 months to 28 February 2011 |
| 20/05/2011 | 11:30 | CCO - Capital & Counties Properties PLC - Notification of major interests in |
| 20/05/2011 | 11:23 | Stratcorp Limited - Trading Update |
| 20/05/2011 | 11:00 | Capital Shopping Centres Group PLC - Exchange rate for 2010 final |
| 20/05/2011 | 10:50 | Kairos Industrial Holdings Limited - Trading Statement |
| 20/05/2011 | 10:34 | BRT/BRN - Brimstone Investment Corporation Limited - Results of annual |
| 20/05/2011 | 10:21 | John Daniel Holdings Limited - Renewal of cautionary announcement |
| 20/05/2011 | 10:00 | AFEP - AECI LIMITED - Notice to preference shareholders dividend No. 146 |
| 20/05/2011 | 09:57 | Massmart Holdings Limited - Trading of Massmart ordinary shares on |
| 20/05/2011 | 09:31 | Exxaro - Results of Annual General Meeting |
| 20/05/2011 | 08:34 | Gold One - Amended Constitution |
| 20/05/2011 | 08:00 | Africa Cellular Towers Limited - Audited Condensed Financial Results for the |
| 20/05/2011 | 08:00 | Gijima Group Limited - Further cautionary announcement |
| 20/05/2011 | 07:55 | SER/SRN - Seardel Investment Corporation - Reviewed consolidated condensed |
| 20/05/2011 | 07:24 | British American Tobacco P.L.C - Transaction In Own Shares |
| 20/05/2011 | 07:16 | BHP Billiton Plc - Transaction in shares |
| 20/05/2011 | 07:05 | Cargo Carriers Limited - Audited results for the year ended 28 February |
| 20/05/2011 | 07:05 | 1time holdings Limited - No change statement and Notice of Annual General |
| 20/05/2011 | 07:05 | Wilderness Holdings Limited - Trading Statement |
| 20/05/2011 | 07:05 | DLVP/DLP1 - Dorbyl Limited - Declaration of Preference Dividends |
Click here for more SENS news