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Friday, 27 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 rand firms vs dollar; stocks up for 4th day
By Phumza Macanda and Tiisetso Motsoeneng
JOHANNESBURG (Reuters) - South Africa's rand firmed against the dollar on Friday and bonds gained as foreigners snapped up local debt after a central banker said inflation pressures may have abated to some extent.
Foreign investors have been buying bonds in the past week in the wake of softer-than-expected CPI and PPI data that suggested the beginning of monetary tightening may be pushed back into 2012.
Bonds extended their gains on Friday after deputy central bank governor Daniel Mminele said the recent decline in oil prices had alleviated prices pressures to some extent.
The focus early next week will be on the competition authorities' ruling on Walmart's $2.4 billion bid for local retail Massmart.
Should the deal be approved, it's likely to lend support to the currency and the local bourse, dealers said.
Stocks gained for a fourth straight day on Friday, with luxury goods maker Richemont the top gainer on the blue chip index on news that Swiss watch exports jumped 32 percent while higher metal prices lifted miners.
The rand was trading at 6.8950 against the dollar at 1521 GMT, 0.82 percent stronger than Thursday's New York close of 6.9520.
"We've seen demand from offshore for bonds and for equities, so that's helped the rand," said Ian Scott, dealer at Stanlib, adding that the dollar was also faltering.
The rand hit a near 10-week low of 7.0748 on Wednesday but got strong support at levels above 7.05 as exporters came in to sell dollars.
"We will be looking for bottoming signals next week in dollar/rand. In our view, the risk into next month is for a break above the range to the 7.10-7.20 zone," said Absa Capital in a note.
On fixed income, the yield on the 2015 bond fell three basis points to 7.48 percent after dipping to a four-month low of 7.435. The 2026 yield fell by the same margin to 8.475 percent.
The JSE Top-40 index of blue chips gained 1.38 percent to 29,141.21 and the All-share index, the broadest measure of the South African stock market, was up 1.26 percent at 32,384.41.
"Global markets are having a decent day, commodity prices are advancing ... the sentiment is positive," one Johannesburg-based trader said.
Watch maker Richemont, which also trades in Geneva, was among the biggest gainers on the blue-chip index, rising 3.82 percent to 44.02 rand.
Swiss government data showed on Thursday that watch exports jumped 32 percent in April, increasing investor demand for the maker of Mont Blanc and Cartier watches.
Miners also gained as the weaker dollar boosted commodity prices. Exxaro added 3.81 percent to 161.95 rand and Lonmin improved 2.86 percent to 180.77.
Elsewhere, Massmart was 0.41 percent higher at 140.45 ahead of the upcoming antitrust decision on its deal with Wal-Mart.
Fri, 27 May 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-05-27T130854Z_01_AJOE74Q10IX00_RTROPTP_3_OZABS-SAFRICA-FUEL-20110527.JPG "A customer waits to be attended to at a petrol station in Soweto") South African petrol pump prices in the main inland commercial region will edge lower by 2 cents a litre, or 0.2 percent, from June 1, the government said on Friday. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=http%253A%252F%252Fwww.sharenet.co.za%252Fimages%252Fprofile%252Fstratcorp.gif) Revenue increased to R81.3 million (R60.8 million) for the year-ended 28 February 2011. Gross profit increased to R49.8 million (R23.5 million) and an operating profit of R654 000 (loss of R12.3 million) was made. A net attributable loss of R1.5million (loss of R7.7 million) was recorded. In Full story |
 U.S. Secretary of State Hillary Clinton said on Friday Pakistan needed to take decisive steps against Islamist militancy and that relations between the two allies, tense since the killing of Osama bin Laden, had reached a turning point. Full story  Ratko Mladic is fit enough to face genocide charges in The Hague, a Belgrade court ruled on Friday after the Bosnian Serb wartime general's son said he appeared too frail after more than 15 years on the run. Full story  More than 40 Yemenis were killed in pitched street battles in the capital on Thursday as fighting aimed at ending President Ali Abdullah Saleh's three-decade-long rule threatened to ignite civil war. Full story |
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Markets |
European shares rose on Friday,
led by banks on a report that Basel III capital requirements
would not be as stringent as previously. . . Full story |
The U.S. dollar fell broadly
on Friday after weaker-than-expected U.S. consumer spending and
housing data stoked worries the recovery is losing momentum,
while gold. . . Full story |
Wall Street rose on Friday,
led by energy and materials stocks as commodity prices firmed
in light trading before the long Memorial Day. . . Full story |
Miners and banks led a
broad-based FTSE rally into the long holiday weekend, although
short-term index moves are seen rangebound with a technical. . . Full story | |||
Gold hit its highest in more than
three weeks on Friday as worries about Greece's debt crisis
triggered buying by investors looking for. . . Full story |
The dollar pared losses and world
stocks and crude prices gave up some of their gains on Friday
after a ratings blow. . . Full story |
Hong Kong shares jumped on
Friday, recovering the bulk of the week's losses and shrugging
off a weak Shanghai market that posted its. . . Full story |
The Nikkei stock average fell on
Friday for its third straight week of losses, pulled lower by a
drop in Sony Corp shares. . . Full story | ||||
SA Business |
Impala Platinum, the world's second largest platinum producer, said on Friday it aimed to cut staff at its Marula subsidiary in South Africa because of a persistent failure to meet production. . . Full story |
The South African Reserve Bank will not hesitate to take timely action to ensure "second round" inflation does not bed down in the economy, Deputy Governor Daniel Mminele said on Friday.. . . Full story |
South Africa's rand firmed to a week high against a broadly weaker dollar on Friday, although importer demand for dollars looked likely to cap gains at around 6.9 to the dollar,. . . Full story | ||||
AngloGold Ashanti, Africa's biggest gold producer, said on Friday that a worker was killed at its Mponeng mine in South Africa,. . . Full story | AngloGold Ashanti, Africa's biggest gold producer, said on Friday that mining operations had stopped at its Mponeng mine in South Africa. . . Full story | Energy trader
Gunvor is interested in acquiring Russian coal activities
including coking coal miner Raspadskaya and steam coal player
SDS, three sources in the. . . Full story | Bereft of China's
riches, India is banking on diplomacy, development and its
entrepreneurial private sector to woo African nations to open
markets and natural. . . Full story |
Company News |
Anglo announced that 27 100 ordinary shares were transferred from treasury shares on 27 May 2011, in respect of the grant. . . Full story |
Shareholders were referred to the SENS announcement dated 20 May 2011 and advise that the company has not yet received approval. . . Full story |
Shareholders are advised that in order to comply with the provisions of the newly enacted Companies Act, 2008:. . . Full story |
In terms of paragraph 3.4(b)(i) of the Listings Requirements of the JSE Limited, listed companies are required to publish a trading. . . Full story | |||
Marula Platinum (Pty) Ltd ("Marula"), a subsidiary company in which Implats has a 73% interest, has continued to underperform against the operational targets that management has set. Recent underperformance is due to logistical constraints as a result of the conversion from mechanised to conventional mining at Clapham shaft. Driekop shaft continues to perform well. As a consequence, the company is undertaking a full strategic review of this business. Initial indications are that Marula s. . . Full story | |||||||
Company Results | Revenue decreased to R1.4 billion (R1.9 billion). Gross profit declined to R161.4 million (R496.8 million) and results from operating activities showed. . . Full story | Despite Southern Africa's slow emergence from the global recession, historical low interest rates and severe flooding in northern Namibia, Trustco was. . . Full story | Revenue increased by 13% to R11 billion (R9.7 billion). Profit from operating activities was up 45% to R1.4 billion (R991.5 million).. . . Full story | Revenue increased to R12.4 billion (R10.8 billion) and gross profit rose to R4.2 billion (R3.6 billion). Operating profit before finance charges. . . Full story |
World Markets (Spot Prices)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 27/05/2011 | 233 | 108 | 93 | 434 | 253,129,406 | R10,705,830,537 | 90949 | 1458401 |
| 26/05/2011 | 219 | 118 | 73 | 410 | 262,504,205 | R12,609,292,032 | 97810 | 1852531 |
| 25/05/2011 | 185 | 140 | 88 | 413 | 288,586,537 | R11,269,385,465 | 89020 | 1728594 |
| 24/05/2011 | 238 | 99 | 70 | 407 | 337,727,147 | R11,162,806,819 | 90213 | 1735391 |
| 23/05/2011 | 93 | 264 | 68 | 425 | 319,312,210 | R12,244,638,663 | 98127 | 1770518 |
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Index Summary
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Stock Exchange News Service
| Date | Time | Headline |
| 27/05/2011 | 17:13 | Value Group Limited - Directors dealing in securities |
| 27/05/2011 | 17:07 | Famous Brands Limited - No change statement and notice of annual general |
| 27/05/2011 | 16:41 | Hyprop Investments Limited - No change statement, notice of annual |
| 27/05/2011 | 16:34 | Premium Properties Limited - Dealing in securities by associate of |
| 27/05/2011 | 16:30 | Anglo American plc - Treasury Shares - Transfers |
| 27/05/2011 | 16:16 | MTN Group Limited - No change statement and Notice Of Annual General |
| 27/05/2011 | 16:06 | Hulamin Limited - Acceptance of rights to participate in share incentive |
| 27/05/2011 | 15:45 | Lonrho Plc - Total Voting Rights |
| 27/05/2011 | 15:39 | African Brick - Trading Update |
| 27/05/2011 | 15:36 | The Don Group Limited - Renewal of cautionary announcement |
| 27/05/2011 | 15:30 | ES23 - Eskom Holdings Soc Limited - Tap Issue |
| 27/05/2011 | 15:08 | Pinnacle Point Group Limited - Postponement of salient dates on claw back |
| 27/05/2011 | 15:04 | PSG Group Limited - Dealing in PSG Group Limited shares by an associate of |
| 27/05/2011 | 15:00 | Wilderness Holdings Limited - Reviewed abridged group financial results |
| 27/05/2011 | 14:59 | MiX Telematics Limited - Changes to the board of directors |
| 27/05/2011 | 14:46 | ArcelorMittal South Africa Limited - Changes to the board of directors |
| 27/05/2011 | 14:33 | Imuniti Holdings Limited - Audited consolidated condensed financial |
| 27/05/2011 | 13:53 | Lonmin Plc - Notification of major interest in shares |
| 27/05/2011 | 13:43 | PSG - PSG Group/PSG Financial Services - No change statement and notice of |
| 27/05/2011 | 13:39 | Bonatla Property Holdings Limited - Trading update |
| 27/05/2011 | 13:20 | Gooderson Leisure Corporation Limited - Condensed consolidated reviewed |
| 27/05/2011 | 13:12 | W G Wearne Limited - Trading statement update |
| 27/05/2011 | 13:02 | Spanjaard Limited - Dealings in securities by a director |
| 27/05/2011 | 13:00 | Universal Industries Corporation Limited - Cautionary announcement - |
| 27/05/2011 | 13:00 | Spanjaard Limited - Dealings in securities by a director |
| 27/05/2011 | 13:00 | MAS PLC - Notice of shareholders` meeting and change to abridged audited |
| 27/05/2011 | 12:58 | Spanjaard Limited - Dealings in securities by a director |
| 27/05/2011 | 12:56 | Brikor Limited - Trading statement |
| 27/05/2011 | 12:35 | StratCorp Limited - Audited abridged financial results for the year ended |
| 27/05/2011 | 12:20 | Medi-Clinic Corporation Limited - Dealings in securities |
| 27/05/2011 | 12:00 | MAS Plc - Update on final dividend |
| 27/05/2011 | 12:00 | British American Tobacco p.l.c - Transaction in own shares - Correction |
| 27/05/2011 | 11:51 | Zeder Investments Limited - No change statement and notice of Annual |
| 27/05/2011 | 11:47 | SCIB - The Standard Bank of South Africa Limited - Notice of rollover |
| 27/05/2011 | 11:41 | Vunani Limited - Renewal of Cautionary Announcement |
| 27/05/2011 | 11:28 | Quantum Property Group Limited - Trading statement |
| 27/05/2011 | 11:13 | ABLSTG - The Standard Bank Of South Africa Limited - Dividend announcement in |
| 27/05/2011 | 11:08 | Shoprite Holdings Limited - Dealing in securities by a non-executive |
| 27/05/2011 | 11:05 | William Tell Holdings Limited - Trading statement |
| 27/05/2011 | 11:02 | Paladin Capital Limited - No change statement and notice of Annual General |
| 27/05/2011 | 11:00 | RTOP - Rex Trueform Clothing Company Limited - Declaration of dividend number |
| 27/05/2011 | 11:00 | AOVP - African & Overseas Enterprises Limited - Declaration of Dividend Number |
| 27/05/2011 | 10:59 | Adcorp Holdings Limited - Notice of Annual General Meeting |
| 27/05/2011 | 10:00 | Impala Platinum Holdings Limited - Strategic Repositioning of Marula |
| 27/05/2011 | 09:50 | SCIB - The Standard Bank Of South Africa Limited - Issue of share instalments |
| 27/05/2011 | 09:23 | Tawana Resources NL - Results of Annual General Meeting |
| 27/05/2011 | 09:11 | GEN - GENERAL - BCH - Best Cut Limited - Termination of Listing on the JSE |
| 27/05/2011 | 09:10 | GEN - GENERAL - BEE - Beget Holdings Limited - Termination of Listing on the JSE |
| 27/05/2011 | 09:04 | Tawana Resources NL - Change to the Board |
| 27/05/2011 | 09:00 | New Corpcapital Limited - Unaudited condensed consolidated interim |
| 27/05/2011 | 08:00 | Rolfes - Renewal of Cautionary announcement |
| 27/05/2011 | 07:30 | Reinet Investments S.C.A. Depositary Receipts - Consolidated audited |
| 27/05/2011 | 07:27 | Stella Vista Technologies Limited -Interim results for the period ending |
| 27/05/2011 | 07:24 | ABLNIE - Nedbank Limited - Dividend distribution announcement in relation to The |
| 27/05/2011 | 07:11 | BHP Billiton Plc - Transaction in shares |
| 27/05/2011 | 07:10 | British American Tobacco p.l.c.- Transaction in own shares |
| 27/05/2011 | 07:05 | KBO - Kibo Mining Plc - Abridged Pre-listing Statement |
Click here for more SENS news