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Monday, 30 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
South African rand, stocks steady in thin trade
JOHANNESBURG (Reuters) - The South African rand was little changed against the dollar in lacklustre trade on Monday due to a dearth of domestic economic news and market holidays in London and New York.
Stocks were mainly weak for most of the day but later recouped losses to close flat, helped by a rally in gold mining shares as they caught up with recent gains in gold prices.
The rand was trapped in a narrow 6.89-95 range for much of the session and traded at 6.9416 by 1602 GMT, just 0.02 percent softer than Friday's close at 6.94.
"It's been a dead quiet day; nothing to drive it on the local front, and New York and London out of the picture," a Johannesburg foreign currency dealer said.
Government bonds were also quiet, with the yield on the benchmark four-year bond dipping just half a basis point to 7.475 percent while that on the longer-dated 2026 note was unchanged from Friday's close of 8.475 percent.
Johannesburg's benchmark Top-40 index of blue-chip stocks dipped 0.05 percent to 29,127.06, while the broader All-share index gained 0.02 percent to 32,389.91.
Shares of gold miners bucked the bearish trend, with the gold index adding 1.4 percent to 2,636.37. Gold Fields led the pack, gaining over 2 percent to 112.50 rand.
"Gold shares were pretty strong because they have generally been lagging gold prices," one trader said.
Shares of Capital Shopping Centers fell 2.5 percent to 44.55 rand as the British mall owner's stock went ex-dividend, or traded without the right to its latest dividend.
Illovo Sugar lost 1.2 percent to 25.60 rand after full-year earnings shrunk by a third.
Eqstra Holdings' shares rose 3 percent to 6.27 rand after the construction and mining equipment leasing company said it expected to return to profit in the year to end-June.
Traders expected the rand to consolidate in the mid-6.90s ahead of first-quarter GDP and April credit extension data on Tuesday, which should give further pointers on the interest rate outlook.
Analysts polled by Reuters last week saw GDP growth slowing slightly to 4.2 percent on an annualised and seasonally adjusted basis from 4.4 percent in Q4 2010. Money supply and credit demand are seen nudging higher.
A weaker-than-expected economic growth number could further dent prospects of the Reserve Bank raising interest rates later this year, after loosening policy between December 2008 and December 2010.
Mon, 30 May 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-05-30T172849Z_01_AJOE74T1CK300_RTROPTP_3_OZABS-ARCELORMITTALSAFRICA-20110530.JPG "Smoke billows from a chimney at an ArcelorMittal steel plant in Liege") ArcelorMittal South Africa has decided to join Kumba Iron Ore in its legal case against Imperial Crown Trading, which was granted a prospecting right over an area already mined by Kumba. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-05-30T112638Z_01_AJOE74T0VSH00_RTROPTP_3_OZABS-ESKOM-LOAN-20110530.JPG "Electricity pylons carry power from Cape Town's Koeberg nuclear power plant") South Africa's power utility Eskom said on Monday it had secured a $805.6 million loan from the Export-Import Bank of the United States to help fund its planned Kusile plant. Full story |
 Germany plans to shut all nuclear reactors by 2022, Chancellor Angela Merkel's ruling coalition announced on Monday, in a policy reversal drawn up in a rush after the Fukushima disaster in Japan. Full story  The Yemeni air force bombed an al Qaeda-held southern city on Monday while residents in another city said soldiers had opened fire on a demonstration and run protesters over with bulldozers, killing at least 15. Full story  Humanitarian agencies active in Pakistan's northwest have been quietly told to prepare for up to 365,000 displaced people in advance of a military offensive against North Waziristan, a senior official with an international humanitarian agency said Monday. Full story |
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Markets |
Gold held steady at an over
three-week high and silver edged up in anemic trade on Monday,
buoyed by expectations of further debt. . . Full story |
European shares closed lower on
Monday and are on track to end the month down as concerns over
the euro zone debt situation. . . Full story |
The euro slipped and world stocks
were stuck on Monday with fears of a Greek debt default undimmed
and U.S. and UK market. . . Full story |
Hong Kong shares held onto
gains on Monday, helped by banking shares as sluggish mainland
markets and holidays in the United States and. . . Full story | |||
The Nikkei average edged down in
the lowest volume of the year on Monday with a stronger yen
countering bargain hunting, and market. . . Full story |
Australian stocks retreated
0.4 percent on Monday, dragged down by sliding bank shares as
investors remain nervous about weak growth across the economy.. . . 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 commodities. . . Full story |
Gold prices stayed near
three-week highs late into Friday's session, as worries about
Greece's debt crisis encouraged buying by investors looking for
relative safety. . . Full story | ||||
SA Business |
South Africa's competition regulator will announce its decision on Wal-Mart's $2.4 billion offer for local retailer Massmart at 1200 GMT on. . . Full story |
The move by rich nations to back France's Christine Lagarde as the next IMF chief breaches a decision by the wider. . . Full story |
South Africa's rand and government bonds were steady in early Monday trade, with dealers expecting the currency to consolidate in the. . . Full story |
Tongaat Hulett, a producer of sugar and starch, on Monday reported a 4 percent drop in full-year profit, hit by a. . . Full story | |||
South Africa's power utility Eskom , which is struggling to keep the lights on, has been interrupting supplies to BHP Billiton's aluminium smelters to help manage its tight supplies.. . . Full story | South African group Illovo Sugar posted a 34 percent drop in full-year earnings, hit by drought and exchange rates.. . . Full story | Consumer goods firm Tiger Brands posted a rise in first-half earnings on Monday and said it would further increase its footprint outside South Africa after it finalised acquisitions in Nigeria and. . . Full story |
Company News |
Further to the cautionary announcement dated 12 April 2011, shareholders are advised that negotiations are still in progress with Pride Milling Company (Pty) Ltd, which, if successfully concluded may have a material effect on the price of the company's securities. Accordingly,. . . Full story |
The board is satisfied that Eqstra is trading profitably and anticipates its headline earnings per share and earnings per share, for the year ended 30 June 2011, to be at least 60 cents per share, compared to the reported loss per. . . Full story | |||||
Company Results | Revenue for the year ended 28 February 2011 increased to R1.070 billion (2010: R748.8 million). Earnings before interest, taxation, depreciation and. . . Full story | Revenue increased by 1% to R10.5 billion (R10.3 billion). Operating income after abnormal items increased by 10% to R1.6 billion (R1.4. . . Full story | Gross operating revenue decreased to R326.1 million (R390.7 million) and operating profit declined to R68.7 million (R117.3 million). Net attributable income. . . Full story | Revenue declined to R9.7 billion (R11.1 billion). Operating profit decreased to R1.6 billion (R3.7 billion). Net attributable profit slumped to R833. . . Full story |
World Markets (Spot Prices)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 30/05/2011 | 170 | 121 | 105 | 396 | 155,601,505 | R4,458,300,212 | 52198 | 970938 |
| 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 |
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Index Summary
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Stock Exchange News Service
| Date | Time | Headline |
| 30/05/2011 | 17:45 | Insimbi - Reviewed consolidated condensed financial results for the twelve |
| 30/05/2011 | 17:37 | ABSP - Absa Bank Limited - New financial instrument listing |
| 30/05/2011 | 17:36 | Buildmax Limited - Audited consolidated financial results for the year |
| 30/05/2011 | 16:59 | Convergenet Holdings Limited - Director`s dealings in securities |
| 30/05/2011 | 16:21 | Trans Hex Group Limited - Trading statement |
| 30/05/2011 | 16:17 | Shoprite Holdings Limited - Dealing in securities by a non-executive |
| 30/05/2011 | 16:06 | Standard Bank Group Limited - Director`s dealings in securities |
| 30/05/2011 | 16:00 | Wits Gold - Reviewed condensed results for the year ended 28 February 2011 |
| 30/05/2011 | 15:36 | Excellerate Holdings Limited - Cautionary announcement |
| 30/05/2011 | 15:35 | Labat Africa Limited - Trading statement for the year ended 28 February |
| 30/05/2011 | 15:28 | Capitec Bank Holdings Limited - Dealing in securities by a director |
| 30/05/2011 | 15:24 | Value Group Limited - Directors dealing in securities |
| 30/05/2011 | 15:20 | RBA Holdings Limited - Resignation of non-executive director |
| 30/05/2011 | 14:54 | AFGRI Limited - Renewal of cautionary announcement |
| 30/05/2011 | 14:54 | Update on the acquisition by Andulela of Pro Roof Steel Merchants |
| 30/05/2011 | 14:50 | Cashbuild Limited - Dealing in securities by directors |
| 30/05/2011 | 14:50 | TONIDH - Investec Bank Limited - Declared final dividend announcement on Tongaat |
| 30/05/2011 | 14:12 | Platfields Limited - Audited condensed group results for the year ended |
| 30/05/2011 | 14:07 | WG Wearne Limited - Changes to the board |
| 30/05/2011 | 13:45 | Premium Properties Limited - Dealing in securities by directors |
| 30/05/2011 | 13:04 | Tawana Resources NL - Appointment of Director |
| 30/05/2011 | 13:00 | Sanyati Holdings Limited - Posting of integrated report, No Change |
| 30/05/2011 | 12:38 | Total Client Services Limited - Trading statement |
| 30/05/2011 | 11:45 | Vukile - Dealing in securities by a director |
| 30/05/2011 | 11:36 | Anglo American Platinum - Dealings in securities by directors |
| 30/05/2011 | 11:20 | Skinwell Holdings Limited - Audited Condensed Group Financial Results for |
| 30/05/2011 | 11:18 | FFA - Fortress Income Fund Limited - Dealing in securities |
| 30/05/2011 | 11:00 | Mustek Limited - Further cautionary announcement |
| 30/05/2011 | 10:32 | THEE - General - Notice Of Wal-Mart / Massmart decision date |
| 30/05/2011 | 10:32 | TOY - Toyota Financial Services - New financial instrument listing |
| 30/05/2011 | 10:23 | Illovo Sugar Limited - Appointment of Financial Director |
| 30/05/2011 | 10:00 | BIUNL - Unilever South Africa (Pty) Ltd - New Financial Instrument Listing |
| 30/05/2011 | 09:55 | Aveng Limited - Dealing in securities by a director of a major subsidiary |
| 30/05/2011 | 09:51 | UCS Group Limited - Proposed delisting of UCS, possible ancillary |
| 30/05/2011 | 09:50 | UCS Group Limited - Reviewed results for the six month period ended 31 |
| 30/05/2011 | 09:48 | IFA Hotels & Resorts Limited - IFA change in year end to December |
| 30/05/2011 | 09:44 | Eqstra Holdings Limited - Trading statement |
| 30/05/2011 | 09:30 | Tiger Brands Limited - Investor Presentation |
| 30/05/2011 | 08:46 | Kairos Industrial Holdings Limited - Renewal of cautionary announcement |
| 30/05/2011 | 08:39 | Goliath Gold Mining Limited - Cautionary announcement |
| 30/05/2011 | 08:38 | BRC Diamondcore Ltd - BRC Diamondcore closes financing |
| 30/05/2011 | 08:24 | Firestone Energy Limited - Investor update |
| 30/05/2011 | 08:00 | Cadiz Holdings Limited - Reviewed preliminary results for the year ended |
| 30/05/2011 | 07:10 | British American Tobacco p.l.c. - Transaction in own shares |
| 30/05/2011 | 07:05 | BHP Billiton Plc - Transaction in shares |
| 30/05/2011 | 07:05 | Illovo Sugar Limited - Audited group results for the year ended 31 |
| 30/05/2011 | 07:05 | Tongaat Hulett Limited - Audited Results for the year ended 31 March 2011 |
| 30/05/2011 | 07:05 | Tiger Brands Limited - Group results and dividend declaration for the |
| 30/05/2011 | 07:05 | Protech Khuthele Holdings Limited - Audited provisional report for the |
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