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Wednesday, 01 June 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
Offshore demand boosts bonds; rand hits new 3-week high
By Phumza Macanda and Tiisetso Motsoeneng
JOHANNESBURG (Reuters) - South African bonds firmed on Wednesday and the rand hit fresh three-week highs to the dollar as foreigners bought local debt.
Yields fell to multi-month lows across the curve after Purchasing Managers' Index data showed the manufacturing sector was enduring a bumpy recovery from a 2009 recession.
Buyers came in after bonds weakened in the previous session following strong economic growth numbers.
"I think the fund buying caught a lot of traders short, so there was a lot of short-covering today," said a bond dealer.
The 2026 yield hit near five-month lows at 8.355 percent before coming back to 8.39 percent. The yield on the 2015 issue fell 10.5 basis points to 7.435 percent.
Stocks ended lower, in line with global equities, with Capital Shopping Centres topping the losers' list as a deadline passed for investors to receive its latest dividend payout.
The rand extended the previous session's gains, which were prompted by stronger first quarter GDP data. It was trading at 6.7780 to the dollar at 1546 GMT, 0.55 percent firmer than Tuesday's New York close of 6.7720.
"There's still positive sentiment from yesterday and the rand is looking quite strong even on the crosses," said a local dealer. "There should be a bit of a struggle in the 6.77 area and I'd say the euro would have to break higher for the rand to firm further."
IFR Markets, a Thomson Reuters news and market analysis service, said the rand could target the May 5 low of 6.6450.
The rand also hit a three-week high of 9.6905 against the euro but was later trading at 9.79.
On the bourse, the JSE Top-40 index of blue chip shares fell 0.82 percent to 29,033.83 and the broader All-share index lost 0.75 percent to 32,322.10.
"For most of the day the whole market was flat. The ADP (U.S.) employment figures were more negative than expected .... All the international markets were down," said Hembas Rademeyer, equities trader at Thebe Securities.
Mall owner Capital Shopping Centres led losses, falling 2.43 percent to 44.63 rand, on the ex-dividend effect.
Elsewhere, Santam lost 1.19 percent to trade at 124.50 rand after the insurer said interest rate returns were lower in the first half.
On the flipside, Massmart climbed 1.02 percent to 144.01 rand, extending the previous session's gains after the antitrust body gave the nod to its deal with Wal-Mart.
Wed, 01 Jun 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-06-01T135631Z_01_AJOE7500Z6200_RTROPTP_3_OZABS-SAFRICA-MINING-20110601.JPG "A mine worker is seen underground in South Deep mine outside Johannesburg") South Africa is looking at revised safety regulations to help tackle rising mine deaths in the world's top platinum and a major gold producer, Mineral Resources Minister Susan Shabangu said on Wednesday. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-06-01T101357Z_01_AJOE7500SFA00_RTROPTP_3_OZABS-MAIZE-SAFRICA-DELIVERIES-20110601.JPG "-PHOTO TAKEN 23FEB06- Black South African commercial farmer Motsepe Matlala inspects the maize growi..") Maize deliveries to South African silos rose to 334,000 tonnes in the week to May 27, up from a revised 136,000 tonnes in the week before, data showed on Wednesday. Full story |
 U.N. atomic safety experts said Japan underestimated the threat from a killer wave to its crippled Fukushima power plant and urged sweeping changes to prevent a repeat of the crisis that triggered the world's worst nuclear disaster since Chernobyl. Full story  Former Bosnian Serb military commander Ratko Mladic used his power to commit atrocities that tore a nation apart and destroyed communities, and must be held to account, a U.N. war crimes prosecutor said Wednesday. Full story  Germany's disease control centre reported 365 new E. coli cases on Wednesday as the government scrambled to trace the source of the deadly outbreak. Full story |
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Markets |
Investors fled U.S. stock
markets on Wednesday and poured into Treasuries after dismal
economic data, driving benchmark yields to below 3.0 percent
for the. . . Full story |
European shares ended sharply
lower on Wednesday as risk appetite waned after data showed a
slowdown in U.S. manufacturing activity in May and. . . Full story |
Gold rebounded from
early losses on Wednesday to a one-month high on safe-haven
buying after U.S. manufacturing data for May came in well. . . Full story |
Britain's top share index dropped
back on Wednesday as below-par U.S. economic pointers and weak
UK manufacturing and housing data intensified investor concerns
about. . . Full story | |||
U.S. stocks fell on Wednesday
as another round of weak economic data cast doubts on the
strength of an economic recovery.. . . Full story |
European shares slipped on
Wednesday ahead of employment figures and factory data that
might give clues about the health of the U.S. economy.. . . Full story |
Hong Kong shares slipped on
Wednesday, getting off to a weak start in June as investors took
a more defensive stance, although a. . . Full story |
The euro traded at a four-week
high versus the dollar on Wednesday, buoyed by hopes for a fresh
bailout package for debt-laden Greece,. . . Full story | ||||
SA Business |
South Africa's Purchasing Managers' Index (PMI) fell slightly to 55.1 in May from 56.4 in April, sponsor Kagiso said on Wednesday.. . . Full story |
South Africa faces a 1.5 trillion rand infastructure backlog, and will approach miners and other companies for funding, the public enterprises minister said on Wednesday.. . . Full story |
South Africa's rand extended recent gains to a three-week high against the dollar on Wednesday as investors savoured the approval of Wal-Mart's $2.4 billion take-over of local retailer Massmart.. . . Full story | ||||
Rich OECD countries and South Africa are setting up a training centre for African treasury officials to improve debt management on. . . Full story | South Africa's labour union Solidarity said on Wednesday it had declared a wage dispute in the country's petroleum sector after negotiations. . . Full story | South Africa's President
Jacob Zuma will face pressure from his ruling ANC party after it
slightly stumbled in municipal races and from union. . . Full story | South Africa's National Roads Agency raised 300 million rand in its third bond auction of the year on Wednesday to help. . . Full story |
Ghana joined the club of
oil-producing nations in December and is getting used to its new
status as a low-middle-income country coveted by. . . Full story | South African government bonds firmed on Wednesday, taking yields on the longer-dated bonds to multi-month lows due to hefty offshore demand.. . . Full story | Tension between the ruling MPLA
party and the main opposition UNITA party and questions over
policy-making are worrying investors in the major African
oil-producing. . . Full story | A stretch of West Africa's coast
spanning more than a dozen countries, the Gulf of Guinea is a
growing source of oil, cocoa. . . Full story |
Company News |
Shareholders were advised that all of the resolutions proposed in the notice to members incorporated in the notice to members, dated. . . Full story |
The following documents have been approved by the UK Listing Authority and are available for viewing: Prospectus dated 1 June 2011. . . Full story |
Overall underwriting conditions remain very satisfactory following the good margins and excellent results reported in 2010. The crop business achieved positive. . . Full story |
The CEO of Ciplamed, Mr Jerome Smith, announced the following developments at Cipla Medpro:
IMS
Based on IMS data, Cipla Medpro. . . Full story | |||
Ceramic shareholders ("shareholders") are referred to the announcement published by Ceramic on SENS and in the press on 17 May 2011 and 18 May 2011 respectively, regarding the declaration of a. . . Full story |
Optimum Coal announced the appointment of Riaan du Plooy as its new chief operating officer with effect from 1 July 2011.. . . Full story |
Aquarius announced that:
*Its wholly-owned subsidiary Aquarius Platinum (SA) (Pty) Ltd ("AQPSA") has completed an initial assessment of the costs and benefits of the expansion potential at the Everest. . . Full story | |||||
Company Results | Revenue for the year ended 28 February 2011 increased to R27.7 million (2010: R25.6 million). Gross profit decreased to R20.5 million. . . Full story | Revenue decreased to R298.3 million (R305.9 million), while operating profit declined to R25.8 million (R36.4 million). Net attributable profit increased to. . . Full story | Revenue increased to CAD42.5 million (CAD29.8 million). The net attributable loss for the year narrowed to CAD5.1million (loss of CAD7 million).. . . Full story | Revenue for the year ended 28 February 2011 fell to R384.5 million (2010: R534.9 million). Gross profit decreased to R119.6 million. . . Full story |
World Markets (Spot Prices)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 01/06/2011 | 121 | 215 | 74 | 410 | 225,795,481 | R9,863,692,055 | 87696 | 1709465 |
| 31/05/2011 | 232 | 145 | 60 | 437 | 616,515,278 | R25,230,651,310 | 128797 | 1542631 |
| 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 |
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Index Summary
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Stock Exchange News Service
| Date | Time | Headline |
| 01/06/2011 | 17:41 | Santam Limited - Results of Annual General Meeting |
| 01/06/2011 | 17:24 | Erbacon Investment Holdings Limited - Dealing in securities by directors |
| 01/06/2011 | 17:24 | Old Mutual Plc - Euro Note Programme - Publication of Prospectus and Final |
| 01/06/2011 | 17:23 | IVU - iVuzi Investments Limited - New Financial Instrument and Tap Issue Listing |
| 01/06/2011 | 17:22 | Famous Brands Limited - Acceptance of share options by Famous Brands |
| 01/06/2011 | 17:03 | JSE Limited - Grant and acceptance of shares (ALLOCATION 2) under Long |
| 01/06/2011 | 17:00 | African Brick Centre Limited - Changes to the Board |
| 01/06/2011 | 16:59 | Famous Brands Limited - Dealings in Securities |
| 01/06/2011 | 16:38 | Woolworths Holdings Limited - Dealing in securities by a director |
| 01/06/2011 | 16:37 | Peregrine Holdings - Reviewed results for the year ended 31 march 2011 |
| 01/06/2011 | 16:20 | Distell Group Limited - Dealings in securities by a director |
| 01/06/2011 | 16:00 | Anglo American plc - Total voting rights |
| 01/06/2011 | 16:00 | The Foschini Group Ltd - Director Dealing in Securities: Acceptance of |
| 01/06/2011 | 15:45 | Santam Limited - Annual General Meeting - Operational update to |
| 01/06/2011 | 15:09 | CLN182 - The Standard Bank of South Africa Limited - New Financial Instrument |
| 01/06/2011 | 14:58 | STDB - The Standard Bank of South Africa Limited - New financial instrument |
| 01/06/2011 | 14:56 | Alert Steel Holdings Limited - Appointment of non executive director |
| 01/06/2011 | 14:46 | Dialogue Group Holdings Limited - Disclosure of acquisition of securities |
| 01/06/2011 | 14:31 | Labat - Reviewed results for the year ended 28 February 2011 and |
| 01/06/2011 | 14:20 | Convergenet Holdings Limited - Director`s dealings in securities |
| 01/06/2011 | 14:11 | Mercantile Bank Holdings Limited - Results of annual general meeting |
| 01/06/2011 | 14:00 | Cipla Medpro South Africa - Results of RT12-2011 tender and IMS update |
| 01/06/2011 | 13:55 | Allied Technologies Limited - Notice of share dealings |
| 01/06/2011 | 13:54 | Lonmin Plc - Total Voting Rights and Capital as at 31 May 2011 |
| 01/06/2011 | 13:50 | Lonrho Plc - Notification of major interest in shares |
| 01/06/2011 | 13:49 | Gold Fields Limited - Dealing in securities |
| 01/06/2011 | 13:46 | Huge Group Limited - Publication of results for the year ended |
| 01/06/2011 | 13:00 | African Eagle Resources plc - Shareholding update - Secure Nominees |
| 01/06/2011 | 12:52 | Bonatla Property Holdings - Dealing in unlisted preference shares by an |
| 01/06/2011 | 12:15 | British American Tobacco p.l.c. - Voting Rights and Capital |
| 01/06/2011 | 12:02 | ABSP - Absa Bank Limited - New financial instrument listing |
| 01/06/2011 | 11:59 | Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of |
| 01/06/2011 | 11:58 | Labat Africa Limited - Trading statement for the year ended 28 February |
| 01/06/2011 | 11:57 | GRA284 - Grayston Conduit 1 (Proprietary) Limited - New Financial Instrument |
| 01/06/2011 | 11:50 | MND/MNP - Mondi - Dealings by directors |
| 01/06/2011 | 11:34 | Ceramic Industries Limited - Posting of circular and notice of General |
| 01/06/2011 | 11:19 | NAI/NAN - New Africa Investments Limited - Change in directorate |
| 01/06/2011 | 11:14 | Spanjaard Limited - Dealings in securities by a director |
| 01/06/2011 | 10:43 | GEN - General - WEA - Emphasis of matter |
| 01/06/2011 | 10:25 | Clicks Group Limited - Results of the general meeting |
| 01/06/2011 | 10:21 | Spanjaard Limited - Dealings in securities by a director |
| 01/06/2011 | 10:10 | Huge Group Limited - Changes to the board of directors |
| 01/06/2011 | 09:53 | Optimum Coal Holdings Limited - Appointment of Riaan Du Plooy as chief |
| 01/06/2011 | 09:20 | BHP Billiton Plc - Total Voting Rights and Capital |
| 01/06/2011 | 09:07 | Lonrho Plc - Notification of major interest in shares |
| 01/06/2011 | 09:01 | PTXSPY - PROPTRAX SAPY - Distribution announcement - Salient dates |
| 01/06/2011 | 09:00 | PTXTEN - Proptrax Ten - Distribution announcement - Salient dates |
| 01/06/2011 | 08:17 | m Cubed Holdings Limited - Abridged report for the year ended 28 |
| 01/06/2011 | 08:00 | Eqstra Holdings Limited - Directors` dealings |
| 01/06/2011 | 08:00 | Invicta - Audited group results for the year ended 31 March 2011 and |
| 01/06/2011 | 08:00 | Aquarius Platinum Limited - Update on South African Assets |
| 01/06/2011 | 07:31 | Massmart Holdings Limited - Competition Tribunal ruling and finalisation |
| 01/06/2011 | 07:19 | Blue Financial Services Limited - Audited abridged consolidated financial |
| 01/06/2011 | 07:10 | British American Tobacco p.l.c - Transaction in own shares |
| 01/06/2011 | 07:06 | BHP Billiton Plc - BHP Billiton successful in High Court on Australian |
| 01/06/2011 | 07:05 | BHP Billiton Plc - Transaction in shares |
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