Friday, 10 June 2011 - 20:00
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Charts
S.African assets fall on waning risk appetite
By Mmathabo Tladi and Stella Mapenzauswa
JOHANNESBURG (Reuters) - South African stocks slid more than one percent on Friday, dragged down by resource firms such as platinum producer Lonmin, and the rand was also weaker against the dollar mainly on global risk aversion.
The JSE Top-40 index of blue chips fell 1.76 percent to 28,809.90, hovering near the key support level of 28,000 which it has failed to breach three times since mid-March. The All-Share index lost 1.49 percent to 31,164.35.
The rand was down 0.79 percent at 6.7935 to the dollar by 1605 GMT from Thursday's close of 6.74, partly mirroring a retreat in the euro.
"The forex market has been generally soft across the CEEMEA (Central Eastern Europe Middle East & Africa) region and it has been difficult for rallies to gain momentum," said Roderick Ngotho, CEEMEA FX strategist at RBS in London.
"This is because the market is worried about a few things: one; global growth slowdown and two; periphery problems. Rand price action today is not specific to it, but is being driven by wider weak market moves."
In another sign that domestic news and data has taken a back seat in driving the currency this week, the rand barely moved soon after former finance minister Trevor Manuel ruled himself out of the running for the post of IMF chief.
Government bond prices followed the rand weaker. The yield on the 2015 bond added six basis points to 7.48 percent and that for the 2026 issue was up 7.5 basis points at 8.51 percent.
Waning risk appetite also weighed on the bourse, where steel-maker Accelor Mittal shed nearly 3 percent to 78.80 rand while Anglo American declined by a similar margin to 328.15 rand.
"The European Central Bank's bold statement yesterday that despite the Greece problem they will continue their mandate to reduce inflation made the market nervous, especially as escalating problems in the euro zone are affecting our market," said Martin Lentsoane, a trader at Newstrading.
Lonmin fell nearly 5 percent to 163.11 rand after the world's third-largest platinum producer cut its 2011 production target and warned costs would exceed earlier forecasts.
Fri, 10 Jun 2011
Top News
South Africa's Trevor Manuel said on Friday he was not running for the post of managing director of the International Monetary Fund. Full story
Wal-Mart has been given the go-ahead by a Namibian court to implement its $2.4 billion takeover of South African retailer Massmart pending an appeal to have conditions attached to the deal, a newspaper said on Friday. Full story |
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Syrian forces shot dead at least 28 at rallies after Friday prayers, activists said, and refugees described gunbattles between mutinous soldiers and other troops in recent days. Full storyGermany said on Friday that deadly E.coli bacteria that have killed 31 people and hit farmers across Europe almost certainly came from contaminated bean sprouts grown at an organic farm in northern Germany. Full storyTorrential rain in two drought-stricken central China provinces triggered landslides and brought down houses, killing at least 44 people and leaving 33 missing, state media said on Friday. Full story |
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Markets | Wall Street resumed its
slide on Friday, with the Nasdaq turning negative for the
year, after China's weaker trade data and disputes about. . . Full story | | European shares fell to a
three-month closing low on Friday and posted their sixth week of
losses after downbeat Chinese trade data stoked. . . Full story | | Gold fell on Friday and
looked set for its first weekly loss in four weeks as a
combination of dollar strength, sliding crude. . . Full story | | Britain's FTSE 100 closed below
key technical levels on Friday as more downbeat economic data
intensified worries about the health of the global. . . Full story |
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| Major stock markets headed
for their fifth weekly loss in six weeks on Friday on growing
worries about the global economy, while U.S.. . . Full story | | World stocks headed for their
fifth weekly loss out of the past six on Friday, depressed by
concerns about a slowing global economy. . . Full story | | European shares slipped on
Friday as investors worried whether the slew of recent
macroeconomic data was a temporary problem or signalling
something more significant.. . . Full story | | Japan's Nikkei share average rose
on Friday, taking cues from receding worries over the U.S.
economy after a spike in export data, though. . . Full story |
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SA Business | South Africa's rand fell slightly against the dollar on Friday and was seen trapped in narrow ranges in the absence of. . . Full story | | Spot gold ticked lower on Friday under the weight of a slightly higher dollar, but worries about the ongoing debt crisis. . . Full story | | South African regulators could do more to soften the blow of coming harsher bank rules by allowing lenders more leeway on. . . Full story | | South Africa's rand was weaker against the dollar on Thursday, prompting speculation of central bank intervention, while government bonds pared losses. . . Full story |
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| Ivory Coast can double gold output within two years from the current 7 tonnes per year as more miners seek to. . . Full story | | South African petrochemicals group Sasol said on Friday it has completed the C$1.034 billion acquisition of its second shale gas interest. . . Full story | | South Africa auctioned 3.825 billion rand worth of three-month Treasury Bills on Friday at an average yield of 5.54 percent, unchanged. . . Full story | | Former South African finance minister Trevor Manuel, tipped in a press report as a candidate to head the International Monetary Fund,. . . Full story |
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| Standard Bank, Africa's largest lender by assets, plans to commit more than 10 billion rand to green energy projects in South Africa, its head of power finance said on Thursday.. . . Full story | | Global ferrochrome demand is expected to rise by 11 percent to 9.87 million tonnes this year, outstripping expected supply of 9.29 million tonnes, Merafe Resources said, citing a research firm.. . . Full story |
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Company News | Exxaro advised stakeholders that it has been granted a temporary interdict from the Labour Court declaring the strike action against the. . . Full story | | Trencor's Textainer Group Holdings Ltd (NYSE:TGH) ("Textainer"), the world's largest lessor of intermodal containers based on fleet size, announced that the. . . Full story | | Revenue rose to R67 million (R66.4 million). Operating income staged a turnaround to R4.3 million (loss of R8 million) and net. . . Full story | | Omnia shareholders were referred to the trading statement published on 24 February 2011 wherein they were advised that the group's earnings. . . Full story |
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| Shareholders are referred to the cautionary announcements, the last of which was dated 9 May 2011, and were advised that a. . . Full story | | Imperial provided guidance regarding the range of the expected increase in headline earnings per share ("HEPS") and earnings per share ("EPS"). . . Full story | | Rockwell announces a strategic refinancing plan and that it has entered into an agreement with Daboll Consultants Ltd., an affiliate of. . . Full story | | Notice is hereby given that Mr Alan Ber, a non-executive director of Blue, has after due and careful consideration by the. . . Full story |
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Company Results | Rental revenue increased to R493.4 million (R446.7 million). Net profit for the year rose to R629.6 million (R479.5 million) In addition, headline earnings per unit grew to 113.22cpu (98.54cpu).
Distribution
A final ordinary distribution of 79.49cpu has been declared.
Prospects
The weak office cycle. . . Full story | | Revenue increased to R1.9 billion (R1.4 billion).
The results show an increase in headline earnings of 78% from R20 million in 2010 to R36 million and headline earnings per. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 31164.35 | -469.82 | -1.49% | JSE Top 40 | 17:00 | 27809.90 | -497.20 | -1.76% | JSE Gold | 17:00 | 2393.39 | -29.62 | -1.22% | JSE Financial | 17:00 | 21265.11 | -212.38 | -0.99% | JSE Industrial | 17:00 | 32503.10 | -375.89 | -1.14% | JSE Indust 25 | 17:00 | 27240.85 | -387.17 | -1.40% | JSE Resource | 17:00 | 52104.03 | -1160.99 | -2.18% | DJ Futures | 19:56 | 11880.00 | -165.00 | -1.37% | DJ Ind | 19:25 | 11968.56 | -155.80 | -1.29% | SP 500 | 18:26 | 1273.97 | -15.03 | -1.17% | Nasdaq | 18:26 | 2652.83 | -32.04 | -1.19% | FTSE 100 | 17:35 | 5765.80 | -90.54 | -1.55% | DAX | 17:56 | 7069.90 | -89.76 | -1.25% | CAC40 | 17:40 | 3805.09 | -73.56 | -1.90% | Nikkei | 08:26 | 9514.44 | 47.29 | 0.50% | Shanghai | 09:22 | 2706.18 | 2.86 | 0.11% | Hang-Seng | 10:22 | 22420.37 | -189.46 | -0.84% | All Ords | 08:35 | 4634.90 | 13.20 | 0.29% | NZSE 50 | 07:32 | 3490.63 | 1.88 | 0.05% |
| | Name | Time | RP | Move | % Move | Gold | 19:59 | 1530.31 | -13.66 | -0.88% | Gold/Rand | 19:58 | 10399.82 | 3.73 | 0.04% | Gold/R kg | 19:56 | 334379 | 1271 | 0.38% | Silver | 19:59 | 36.2450 | -1.2680 | -3.38% | Platinum | 19:59 | 1822.50 | -14.35 | -0.78% | Palladium | 19:59 | 808.25 | -5.33 | -0.66% | R157 | 16:06 | 7.47 | .06 | 0.81% | R204 | 17:06 | 8.19 | .07 | 0.86% | Brent Crude | 19:56 | 118.11 | -.98 | -0.82% | Rand / Dollar | 19:59 | 6.7961 | 0.0631 | 0.94% | Rand / Pound | 19:55 | 10.9998 | 0.0052 | 0.05% | Rand / Euro | 19:55 | 9.7444 | -0.0306 | -0.31% | Rand / NZD | 19:58 | 5.5921 | 0.0313 | 0.56% | Rand / AUD | 19:55 | 7.1695 | 0.0067 | 0.09% | Yen / Dollar | 19:59 | 80.2900 | -0.0800 | -0.10% | Euro / Dollar | 19:55 | 0.6974 | 0.0086 | 1.25% | Dollar / Euro | 19:59 | 1.4334 | -0.0183 | -1.26% | Pound / Dollar | 19:55 | 0.6161 | 0.0055 | 0.90% |
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The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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10/06/2011 | 106 | 214 | 78 | 398 | 264,611,450 | R12,651,223,217 | 90445 | 1836394 | 09/06/2011 | 167 | 144 | 90 | 401 | 300,166,119 | R12,186,884,209 | 93442 | 1526588 | 08/06/2011 | 102 | 211 | 80 | 393 | 289,977,530 | R14,128,113,613 | 97379 | 1638141 | 07/06/2011 | 215 | 115 | 79 | 409 | 256,815,594 | R13,316,645,845 | 105587 | 1645193 | 06/06/2011 | 154 | 173 | 82 | 409 | 227,940,534 | R10,531,278,670 | 74371 | 1574719 |
Index Summary Index Name | RP | Move | % Move | Top 40 | 27,809.90 | -497.20 | -1.76% | Industrial | 32,503.10 | -375.89 | -1.14% | Mid Cap | 42,118.44 | -17.28 | -0.04% | Small Cap | 32,221.26 | -31.00 | -0.10% | Resource 20 | 52,104.03 | -1160.99 | -2.18% | Industrial 25 | 27,240.85 | -387.17 | -1.40% | Financial 15 | 7,979.21 | -95.33 | -1.18% | Financial & Ind. 30 | 30,227.92 | -440.28 | -1.44% | All Share | 31,164.35 | -469.82 | -1.49% | Oil & Gas | 26,270.34 | -492.24 | -1.84% | Mining | 34,190.04 | -748.72 | -2.14% | Gold Mining | 2,393.39 | -29.62 | -1.22% | Platinum Mining | 69.25 | -1.71 | -2.41% | Oil & Gas Producers | 14,125.08 | -264.67 | -1.84% | Basic Materials | 29,050.48 | -615.20 | -2.07% | Chemicals | 13,781.83 | -19.03 | -0.14% | Forestry & Paper | 14,811.66 | -308.47 | -2.04% | Industrial Metals | 28,984.33 | -355.65 | -1.21% | Industrials | 27,764.95 | -69.47 | -0.25% | General Industrials | 75,602.32 | -433.85 | -0.57% | Consumer Goods | 26,723.31 | -512.59 | -1.88% | Automobiles & Parts | 3,238.18 | .00 | 0.00% | Household Goods | 150.62 | -2 | -1.04% | Health Care | 33,423.46 | -195.88 | -0.58% | Beverages | 82.67 | -1.86 | -2.20% | Food Producers | 47,805.37 | 156.07 | 0.33% |
| | Index Name | RP | Move | % Move | Personal Goods | 418.18 | -9.99 | -2.33% | Consumer Services | 53,046.95 | -362.30 | -0.68% | General Retailers | 40,387.76 | -471.19 | -1.15% | Travel & Leisure | 3,678.03 | 26.72 | 0.73% | Media | 86.71 | -.41 | -0.47% | Support Services | 2,402.62 | 7.22 | 0.30% | Telecommunications | 68,003.86 | -710.42 | -1.03% | Financials | 21,265.11 | -212.38 | -0.99% | Banks | 39,401.89 | -431.77 | -1.08% | Non-life Insurance | 31,038.84 | -189.14 | -0.61% | Life Insurance | 15,633.82 | -108.36 | -0.69% | General Financial | 2,259.36 | -39.15 | -1.70% | Technology | 21,591.36 | 60.13 | 0.28% | SHARIAH TOP40 | 3,060.19 | -60 | -1.92% | FTSE/JSE SHARIAH ALL | 3,131.95 | -55 | -1.73% | COAL MINING | 21,466.13 | -111 | -0.52% | FTSE JSE Fledgling | 4,551.87 | -22 | -0.48% | FTSE/JSE Alt X | 1,030.55 | 2 | 0.15% | SA LISTED PROPERTY | 381.70 | | -0.67% | CAPPED PROPERTY | 315.90 | | -0.82% | RESOURCE | 28,786.51 | -618 | -2.10% | DIVIDEND PLUS | 168.20 | -1 | -0.44% | FTSE/JSE RAFI 40 | 6,498.15 | -109 | -1.65% | Capped Top 40 | 14,538.52 | -251 | -1.70% | Capped All Share | 15,716.11 | -231 | -1.45% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | NED | NEDBANK GROUP LTD | SELL | 07 Jun | SBK | STANDARD BANK GROUP LIMIT... | SELL | 07 Jun | AIP | ADCOCK INGRAM HLGS LD | HOLD | 07 Jun | BTI | BRITISH AM. TOBACCO PLC | BUY | 07 Jun | LHC | LIFE HEALTHCARE GRP HLDG ... | BUY | 07 Jun |
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Results Expected** Expected | Company Name | Fin. Date | 13 Jun 2011 | BSI STEEL | March 2011 (Final) | 13 Jun 2011 | MIXTEL | March 2011 (Final) | 13 Jun 2011 | TELKOM | March 2011 (Final) | 13 Jun 2011 | TELKOMA | March 2011 (Final) | 13 Jun 2011 | TELKOMB | March 2011 (Final) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | SYCOM | 11-06-09 | 11-06-24 | 11-07-04 | R 0.7949 | ACUCAP | 11-06-09 | 11-06-24 | 11-07-04 | R 1.3888 | CLOVERPREF | 11-06-02 | 11-06-17 | 11-06-27 | R 0.0586 | PERGRIN | 11-06-01 | 11-07-15 | 11-07-25 | R 0.3500 | INVICTA | 11-06-01 | 11-07-01 | 11-07-11 | R 1.2600 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | CERAMIC | 11-05-17 | 11-06-03 | 11-06-13 | R 15.0000 | INVESTEC-P | 11-05-19 | 11-06-09 | 11-06-30 | R 3.4161 | INVLTDPREF | 11-05-19 | 11-06-09 | 11-06-30 | R 3.1884 | ABIL PREF | 11-05-23 | 11-06-09 | 11-06-20 | R 3.1000 | ASTRAL | 11-05-16 | 11-06-09 | 11-06-20 | R 3.0500 |
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Upcoming AGMs** Code | Company Name | Date | Status | TLM | TeleMasters Holdings Ltd | 10/06/2011 | Confirmed | PIK | Pick n Pay Stores Ltd | 10/06/2011 | Confirmed | PWK | Pick n Pay Holdings Ltd | 10/06/2011 | Confirmed | DCT | Datacentrix Holdings Ltd | 10/06/2011 | Confirmed | 1TM | 1time Holdings Ltd | 10/06/2011 | Confirmed |
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