Monday, 13 June 2011 - 20:00
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Charts
S.Africa's rand stuck in ranges; stocks inch up
By Phumza Macanda and David Dolan
JOHANNESBURG (Reuters) - South Africa's rand firmed slightly against the dollar on Monday but was generally looking vulnerable as worries about the global economy re-emerged.
Local stocks overcame choppy trade to inch higher, with some miners such as Impala Platinum recovering from a sharp sell-off in the previous session.
Shares of Telkom declined 0.7 percent. Africa's largest fixed-line operator reported a 35 percent decline in full-year profit and said it abandoned plans to sell its money-losing Nigerian unit after losing a legal dispute.
The rand was trading at 6.7920 at 1532 GMT, 0.24 percent firmer than Friday's New York close of 6.81 in a relatively quiet session in which it constrained in narrow ranges.
It has retreated from one-month highs of 6.6750 seen last week. Charts suggest further losses are possible after it closed weaker than its 50 percent Fibonacci retracement of its May fall to 7.0748.
The rand was weaker against the sterling and at one-week lows against the euro. With the domestic scene light on market-moving data this week, the rand will look abroad for direction.
"The direction from hereon is dependent on the announcement out of ECB (Eueopean Central Bank) around Greece as well as data being released this week globally," said Brigid Taylor, a dealer at Nedbank.
Investors want clarity on how the Greek debt crisis will be resolved and uncertainty over the issue has weighed on the euro, the currency of South Africa's largest trading partner.
In the fixed-income market, bonds weakened. The yield on the 2015 bond went up two basis points to 7.50 percent and that on the 2026 issue was up 2.5 basis points to 8.535 percent.
CHOPPY TRADE
Market participants said equity trade was hampered by thin volume and a lack of clear direction, reflecting the uncertainty about the outlook for a global recovery.
"It's a very choppy market. It does look like investors are looking toward the resources for a turn in this market, should we get it," said Devin Schutte, equities and derivatives trader at Newstrading in Johannesburg.
"There's no interest in the financials at the moment. It's a market that's hard to get your teeth into."
Johannesburg's Top-40 index of blue chips rose 0.11 percent or 30.48 points to 27,840.38. The index dropped 1.8 percent in the previous session.
The broader All-share index inched up 0.04 percent to 31,176.58.
Impala Platinum, or Implats, rose 1.9 perent to 182.85 rand, recovering from a 2.7 percent battering in the previous session.
Implats is the world's second-largest producer of the precious metal, which is also used in catalytic converters in automobiles.
Coal and zinc miner Exxaro rose 1.4 percent to 160.70 rand. The miner is still down nearly 3 percent since the start of this month.
Mix Telematics rose 4.2 percent to 1.25 rand after the vehicle tracking and recovery company said earnings for the year to end-March rose by 10 percent, helped an uptick in sales.
Mon, 13 Jun 2011
Top News
Indian telecoms firm Tata Communications said on Monday it has increased its effective holding in South Africa's second-biggest fixed-line phone operator Neotel to 61.5 percent from 49 percent. Full story
South African fixed-line operator Telkom has abandoned plans to sell its money-losing Nigerian unit and will cut off funding to the business after losing a legal dispute. Full story |
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A series of powerful tremors rattled the quake-prone New Zealand city of Christchurch on Monday, destroying buildings and sending boulders tumbling down hillsides nearly four months after a quake killed 181 people. Full storyGermany recognized Libya's rebel council as the legitimate representative of the Libyan people Monday, giving heavyweight support to the leaders poised to run the country if Muammar Gaddafi falls. Full storyRiot police poured into a southern Chinese factory town crowded with migrant workers Monday, a day after militia fired tear gas to quell rioting over the abuse of a pregnant street hawker who became a symbol of simmering grassroots discontent. Full story |
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Markets | The Nasdaq and S&P 500 fell
on Monday, resuming a recent downward trend, with semiconductor
shares leading declines on the Nasdaq and oil. . . Full story | | Wall Street stocks and the
euro fell on Monday as a rating agency downgrade of Greece
compounded worries over a possible Greek default. . . Full story | | European shares closed higher on
Monday, bouncing from hefty falls in the previous week, with
telecommunication stocks buoyed by gains in index heavyweight
Vodafone. . . Full story | | Miners dug deep to help lift
Britain's FTSE 100 share index marginally on Monday, as bid talk
swirled around Kazakh miner ENRC.. . . Full story |
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| Gold fell to its lowest in more
than a week on Monday as the euro eased against the dollar, but
concerns about the. . . Full story | | European shares stabilised on
Monday after the previous session's sharp sell-off, as analysts
said global growth worries and the Greek debt crisis would
continue. . . Full story | | Hong Kong shares snapped a
seven-day losing streak on Monday as beaten-down banking shares
posted gains, setting up the market for a possible. . . Full story | | The Nikkei stock average lost
ground in thin trade on Monday, hurt by a surprise fall in
Japanese machinery orders, further signs of. . . Full story |
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SA Business | South Africa's Telkom expects its new mobile business to turn positive on an EBITDA basis by 2014 and positive on a cash basis a year later, its chief financial officer said on Monday.. . . Full story | | South Africa's rand was little changed from its previous closing levels against the dollar early on Monday but should trend weaker during the day, taking its lead mainly from struggling global equity markets.. . . Full story |
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| A surge in interest in
Indonesian sub-bituminous coal swaps beginning in April has
convinced some major coal players that the swaps could become
the world's biggest coal derivatives market.. . . Full story | | Tanzania plans to spend
42.9 trillion shillings ($27.41 billion) over the next five
years to finance development projects aimed at boosting economic
growth in the country, a government minister said on Monday.. . . Full story | | South African sporting goods retailer Holdsport plans to list on the Johannesburg bourse as private equity firm Ethos Private Equity exits its investment.. . . Full story |
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Company News | Fiuranium advised that their registered address has change to 141 Adelaide St. West, Suite 1210, Toronto, Ontario, Canada M5H 3L5, with. . . Full story | | The directors of Morvest advised shareholders that the JSE has approved an application for the transfer of Morvest's listing from the. . . Full story | | Shareholders were advised that, at the annual general meeting of the company held in Cape Town on Friday, 10 June 2011,. . . Full story | | Shareholders were advised that, at the annual general meeting of the company held in Cape Town on Friday, 10 June 2011,. . . Full story |
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| The board of directors of Santam Ltd ("the board") hereby notifies its shareholders that Mr Jan Gysbert le Roux has resigned. . . Full story | | Business Day reported that Pick n Pay announced that it is confident of a positive outcome when the Australian Federal Court. . . Full story | | Business Day reported that Pick n Pay announced that it is confident of a positive outcome when the Australian Federal Court. . . Full story | | Bluetel has an effective 36.72% stake in Africa Prepaid Services Nigeria Ltd through its 72% shareholding in Africa Prepaid Services (Pty). . . Full story |
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Company Results | Revenue increased from R840.5 million to R886.6 million in 2011.Gross profit grew to R546.4 million (2010:R502.9 million) and operating profit rose to R117.2 million (2010:R109.9 million). Profit attributable to ordinary shareholders. . . Full story | | Total revenue dropped to R34 billion (R36.5 billion) and results from operating activities decreased to R4.1 billion (R19.8 billion). Net profit attributable to owners of Telkom plummeted to R1.2 billion (R37.5. . . Full story | | Revenue for the three month period ending 31 December increased to R86.2 million (2009: R62.9 million). Gross profit rose to R13.3 million (2009: R10.1 million), while operating profit improved to R5.1. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 31176.58 | 12.23 | 0.04% | JSE Top 40 | 17:00 | 27840.38 | 30.48 | 0.11% | JSE Gold | 17:00 | 2389.30 | -4.09 | -0.17% | JSE Financial | 17:00 | 21272.40 | 7.29 | 0.03% | JSE Industrial | 17:00 | 32450.90 | -52.20 | -0.16% | JSE Indust 25 | 17:00 | 27210.18 | -30.67 | -0.11% | JSE Resource | 17:00 | 52260.55 | 156.52 | 0.30% | DJ Futures | 19:50 | 11885.00 | 12.00 | 0.10% | DJ Ind | 19:01 | 11931.59 | -20.32 | -0.17% | SP 500 | 20:00 | 1273.41 | 2.43 | 0.19% | Nasdaq | 20:00 | 2645.82 | 2.09 | 0.08% | FTSE 100 | 17:35 | 5773.46 | 7.66 | 0.13% | DAX | 18:02 | 7085.14 | 15.24 | 0.22% | CAC40 | 17:50 | 3807.61 | 2.52 | 0.07% | Nikkei | 08:26 | 9448.21 | -66.23 | -0.70% | Shanghai | 09:22 | 2700.70 | -5.49 | -0.20% | Hang-Seng | 10:22 | 22508.08 | 87.71 | 0.39% | All Ords | 10/06 | 4634.90 | 13.20 | 0.29% | NZSE 50 | 07:36 | 3476.68 | -13.94 | -0.40% |
| | Name | Time | RP | Move | % Move | Gold | 19:58 | 1515.14 | -14.51 | -0.95% | Gold/Rand | 20:00 | 10297.95 | -95.88 | -0.92% | Gold/R kg | 20:00 | 331079 | -2941 | -0.88% | Silver | 19:58 | 34.8490 | -1.3260 | -3.67% | Platinum | 19:58 | 1795.25 | -28.50 | -1.56% | Palladium | 19:58 | 793.25 | -17.20 | -2.12% | R157 | 08:06 | 7.49 | .02 | 0.27% | R204 | 12:02 | 8.22 | .03 | 0.37% | Brent Crude | 19:56 | 117.38 | -.78 | -0.66% | Rand / Dollar | 19:58 | 6.7967 | 0.0029 | 0.04% | Rand / Pound | 19:55 | 11.0516 | 0.0556 | 0.51% | Rand / Euro | 19:55 | 9.7749 | 0.0426 | 0.44% | Rand / NZD | 19:57 | 5.5330 | -0.0425 | -0.76% | Rand / AUD | 19:55 | 7.1820 | 0.0290 | 0.41% | Yen / Dollar | 19:58 | 80.2600 | 0.0100 | 0.01% | Euro / Dollar | 19:55 | 0.6947 | -0.0029 | -0.42% | Dollar / Euro | 19:58 | 1.4391 | 0.0061 | 0.43% | Pound / Dollar | 19:55 | 0.6127 | -0.0030 | -0.49% |
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The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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13/06/2011 | 124 | 190 | 95 | 409 | 310,533,996 | R13,598,500,740 | 97413 | 1536572 | 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 |
Index Summary Index Name | RP | Move | % Move | Top 40 | 27,840.38 | 30.48 | 0.11% | Industrial | 32,450.90 | -52.20 | -0.16% | Mid Cap | 41,980.01 | -138.43 | -0.33% | Small Cap | 32,119.40 | -101.86 | -0.32% | Resource 20 | 52,260.55 | 156.52 | 0.30% | Industrial 25 | 27,210.18 | -30.67 | -0.11% | Financial 15 | 7,986.45 | 7.24 | 0.09% | Financial & Ind. 30 | 30,220.65 | -7.27 | -0.02% | All Share | 31,176.58 | 12.23 | 0.04% | Oil & Gas | 26,196.24 | -74.10 | -0.28% | Mining | 34,307.90 | 117.86 | 0.34% | Gold Mining | 2,389.30 | -4.09 | -0.17% | Platinum Mining | 70.15 | .90 | 1.30% | Oil & Gas Producers | 14,085.23 | -39.85 | -0.28% | Basic Materials | 29,140.08 | 89.60 | 0.31% | Chemicals | 13,736.21 | -45.62 | -0.33% | Forestry & Paper | 14,724.02 | -87.64 | -0.59% | Industrial Metals | 29,104.34 | 120.01 | 0.41% | Industrials | 27,720.75 | -44.20 | -0.16% | General Industrials | 75,402.82 | -199.50 | -0.26% | Consumer Goods | 26,813.70 | 90.39 | 0.34% | Automobiles & Parts | 3,233.65 | -4.53 | -0.14% | Household Goods | 150.68 | 0 | 0.04% | Health Care | 33,375.29 | -48.17 | -0.14% | Beverages | 83.21 | .54 | 0.65% | Food Producers | 47,607.65 | -197.72 | -0.41% |
| | Index Name | RP | Move | % Move | Personal Goods | 419.08 | .90 | 0.22% | Consumer Services | 52,605.02 | -441.93 | -0.83% | General Retailers | 40,299.14 | -88.62 | -0.22% | Travel & Leisure | 3,689.88 | 11.85 | 0.32% | Media | 85.28 | -1.43 | -1.65% | Support Services | 2,395.41 | -7.21 | -0.30% | Telecommunications | 67,746.95 | -256.91 | -0.38% | Financials | 21,272.40 | 7.29 | 0.03% | Banks | 39,401.70 | -.19 | -0.00% | Non-life Insurance | 30,624.18 | -414.66 | -1.34% | Life Insurance | 15,638.52 | 4.70 | 0.03% | General Financial | 2,239.63 | -19.73 | -0.87% | Technology | 21,633.11 | 41.75 | 0.19% | SHARIAH TOP40 | 3,065.06 | 5 | 0.16% | FTSE/JSE SHARIAH ALL | 3,135.24 | 3 | 0.11% | COAL MINING | 21,662.73 | 197 | 0.92% | FTSE JSE Fledgling | 4,556.58 | 5 | 0.10% | FTSE/JSE Alt X | 1,011.85 | -19 | -1.81% | SA LISTED PROPERTY | 384.30 | | 0.68% | CAPPED PROPERTY | 318.33 | | 0.77% | RESOURCE | 28,861.84 | 75 | 0.26% | DIVIDEND PLUS | 167.52 | -1 | -0.40% | FTSE/JSE RAFI 40 | 6,505.40 | 7 | 0.11% | Capped Top 40 | 14,551.47 | 13 | 0.09% | Capped All Share | 15,720.26 | 4 | 0.03% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | BAW | BARLOWORLD LIMITED | BUY | 08 Jun | 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 |
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Results Expected** Expected | Company Name | Fin. Date | 15 Jun 2011 | SENTULA | March 2011 (Final) | 17 Jun 2011 | AFPREFINV | March 2011 (Final) | 17 Jun 2011 | BRC DIAM | March 2011 (Q) | 17 Jun 2011 | CAPRICORN | February 2011 (Final) | 17 Jun 2011 | INVPROP | 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 | INVICTA | 11-06-01 | 11-07-01 | 11-07-11 | R 1.2600 | PERGRIN | 11-06-01 | 11-07-15 | 11-07-25 | R 0.3500 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | 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 | ABIL | 11-05-23 | 11-06-09 | 11-06-20 | R 0.8500 |
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Upcoming AGMs** Code | Company Name | Date | Status | PLD | Paladin Capital Ltd | 15/06/2011 | Confirmed | GDF | Gold Reef Resorts Ltd | 15/06/2011 | Confirmed | ZED | Zeder Investments Ltd | 15/06/2011 | Confirmed | ZEDP | Zeder Investments Ltd | 15/06/2011 | Confirmed | MTXN | Metorex Ltd | 15/06/2011 | Confirmed |
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