Tuesday, 14 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
Rand firms within well-worn range; stocks edge higher
JOHANNESBURG (Reuters) - South Africa's rand was firmer against the dollar on Tuesday but failed to take a clear direction, while government bonds ended weaker in holiday-affected trade.
Stocks edged higher for the second straight day on Tuesday, as a surge in resource companies such as Exxaro, was partially offset by a sharp decline in Internet and media firm Naspers.
The central bank released its financial statement that showed an after-tax loss of 1.2 billion rand in the 2010/11 financial year, from a 1.05 billion rand loss in the previous year.
The bank said sterilising the impact of reserves accumulation resulted in the second consecutive loss. Traders said while the annual report showed further losses, policy was the same and there were no clues on when rates would rise.
The rand was trading 0.4 percent firmer at 6.7556 the dollar by 1520 GMT, compared to Monday's New York close of 6.7826. It hit a high of 6.74 early in the session and failed to make further gains after that.
Higher commodity prices and a firmer euro/dollar kept the rand slightly firmer during the session, while the central bank's annual report prompted no reaction from the rand.
"Dollar/rand in a very tight range today as we expected, with no major impulse to push it out of the 6.7300-6.7800 corridor, this is what we saw for most of last week," said Christopher Shiells of Informa Global Markets.
Government bonds were slightly weaker with dealers saying an upcoming national holiday on Thursday is keeping trading volumes light.
The yield on the 2015 bond closed at 7.5 percent and that on the 2026 issue at 8.54 percent.
An earlier auction came out mixed, but better than last week, where the R186 was over three times subscribed and the R209 only 1.8 times subscribed.
STOCKS INCH UP
On the bourse, miners and other resource-related firms jumped after data showed China's high-flying economy may avoid a hard landing, reassuring investors who have worried about the outlook for growth in the resource-hungry economy.
"The resources stocks are still leading the charge," said Mark Maseko, an equities trader at Thebe Securities, adding that copper and other commodity prices reacted positively to the Chinese data.
The Top-40 index of blue-chip stocks rose 0.2 percent to 27,897.92. The broader All-share index rose 0.2 percent to 31,229.36.
Shares of Exxaro, which mines for coal, zinc and mineral sands, surged 3.7 percent to 166.60 rand. China is the world's largest coal consumer and its net coal imports are expected to jump 63 percent this year.
Kumba Iron Ore rose 1.8 percent to 473.50 rand.
Naspers was the biggest percentage decliner among the Top-40, dropping 2.1 percent to 379 rand.
The Internet and media firm Naspers said it expects full-year earnings to rise by as much as 20 percent, disappointing investors who were betting on a bigger surge in growth.
A poll of 9 analysts by Thomson Reuters showed an average estimate for 35 percent profit growth on a fully diluted basis.
Tue, 14 Jun 2011
Top News
South Africa's central bank will continue to accumulate foreign reserves to tame the strength of the rand despite running up a financial loss over the last year, Governor Gill Marcus said on Tuesday. Full story
South Africa's intervention in Wal-Mart's bid for control of Massmart was "aggressive" and could have been handled better, Massmart's chief executive told Business Report newspaper on Tuesday. Full story |
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Syrian troops using tanks and helicopters pushed towards a northern town on Tuesday after arresting hundreds of people in villages near Jisr al-Shughour, residents said, as more refugees fled to Turkey. Full storyA bomb killed a military officer loyal to Yemeni President Ali Abdullah Saleh, an official said on Tuesday, as Yemen's rich Gulf neighbours sought to avert civil war on their doorstep over the wounded leader's fate. Full storyChinese riot police brought a semblance of calm to the riot-torn southern Chinese city of Zengcheng on Tuesday, but the anger of migrant workers at being discriminated against by the authorities remained palpable in this key export hub. Full story |
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Markets | Gold rose on Tuesday after a
flurry of inflation data signalled a continued increase in price
pressures, while this week's near-1 percent decline. . . Full story | | European shares rose sharply on
Tuesday, as data suggested the Chinese economy may avoid a hard
landing, helping to ease global growth concerns.. . . Full story | | Britain's top share index rose
on Tuesday, with oil majors and banks gaining as above-forecast
data from the United States and signs that. . . Full story | | U.S. stocks jumped more than
1 percent on Tuesday as investors were drawn by oversold
conditions on a technical basis and retail sales. . . Full story |
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| Encouraging Chinese and U.S.
economic data lifted stocks, oil and other growth-oriented
markets on Tuesday, while Greece managed to raise cash in a
debt. . . Full story | | Gold rallied on Tuesday as the
jewellery sector came looking for bargains, the dollar slipped
and investors fretted about the Greek debt crisis.. . . Full story | | Hong Kong shares gave up
earlier gains to end slightly lower on Tuesday as market players
pared long positions after China announced a. . . Full story | | Australian stocks rebounded
from a three-month low to finish up 0.5 percent on Tuesday after
strong Chinese industrial production data outweighed fears about
slightly. . . Full story |
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SA Business | The Johannesburg Stock Exchange on Tuesday said it has launched exotic currency options contracts to give investors greater flexibility in their currency bets.. . . Full story | | South Africa's rand edged firmer against the dollar on Tuesday, in line with gains in other commodity-linked currencies which were supported by favourable industrial data out of China.. . . Full story |
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| Kenya's Devki Group plans to start producing clinker from locally mined limestone in the next six months and mine copper in. . . Full story | | South Africa exported 35,865 tonnes of white maize last week compared with 35,881 tonnes in the previous week, the South African. . . Full story | | South Africa's Treasury sold 600 million rand worth of the 2026 government bond and 1.5 billion rand of the 2036 note. . . Full story | | Commodities trader Glencore saw operating profit jump 45 percent in the first quarter as market volatility boosted its marketing arm and. . . Full story |
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| Commodities trader Glencore
International will report its first quarterly results on
Tuesday, with investors hoping market volatility boosted
trading profit and helped offset the impact of bad weather on
output.. . . Full story |
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Company News | Shareholders of Afdawn ("Afdawn shareholders") are advised that the company entered into a settlement agreement with The National Housing Finance Corporation Limited ("NHFC")on 30 May 2011 in respect of outstanding loans. . . Full story | | In terms of the requirements of the Banks Act, and the banking legislation under Basel II, all registered banks and bank controlling companies are obliged to report certain qualitative and quantitative. . . Full story | | On 13 June 2011, a wholly-owned subsidiary of AMAPS, Tedelex Trading (Pty) Ltd ("Tedelex" or "the purchaser") entered into a sale of business agreement ("the sale agreement") with Sammeg Satellite (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. . . 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. . . 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. . . Full story | | Investment income grew to R311 million (2010: R206 million). Loss attributable to preference shareholders narrowed to R8 million(2010:Loss attributable to preference. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 31229.36 | 52.78 | 0.17% | JSE Top 40 | 17:00 | 27897.92 | 57.54 | 0.21% | JSE Gold | 17:00 | 2390.96 | 1.66 | 0.07% | JSE Financial | 17:00 | 21195.89 | -76.51 | -0.36% | JSE Industrial | 17:00 | 32343.73 | -107.17 | -0.33% | JSE Indust 25 | 17:00 | 27106.75 | -103.43 | -0.38% | JSE Resource | 17:00 | 52803.79 | 543.24 | 1.04% | DJ Futures | 20:00 | 12045.00 | 150.00 | 1.26% | DJ Ind | 19:41 | 12100.97 | 148.00 | 1.24% | SP 500 | 18:50 | 1289.38 | 17.55 | 1.38% | Nasdaq | 18:50 | 2680.49 | 40.80 | 1.55% | FTSE 100 | 17:35 | 5803.13 | 29.67 | 0.51% | DAX | 18:00 | 7204.79 | 119.65 | 1.69% | CAC40 | 17:46 | 3864.58 | 56.97 | 1.50% | Nikkei | 08:26 | 9547.79 | 99.58 | 1.05% | Shanghai | 09:22 | 2730.05 | 29.35 | 1.09% | Hang-Seng | 10:22 | 22496.00 | -12.08 | -0.05% | All Ords | 08:38 | 4651.10 | 16.20 | 0.35% | NZSE 50 | 07:26 | 3488.85 | 12.17 | 0.35% |
| | Name | Time | RP | Move | % Move | Gold | 19:58 | 1523.50 | 8.75 | 0.58% | Gold/Rand | 20:00 | 10283.63 | 9.42 | 0.09% | Gold/R kg | 20:00 | 330619 | -2172 | -0.65% | Silver | 19:58 | 35.3660 | .5860 | 1.68% | Platinum | 19:57 | 1792.00 | -2.50 | -0.14% | Palladium | 19:56 | 793.25 | 3.75 | 0.47% | R157 | 16:02 | 7.50 | .01 | 0.13% | R204 | 16:02 | 8.24 | .02 | 0.24% | Brent Crude | 19:56 | 119.50 | 2.34 | 2.00% | Rand / Dollar | 19:58 | 6.7500 | -0.0321 | -0.47% | Rand / Pound | 19:55 | 11.0323 | -0.0422 | -0.38% | Rand / Euro | 19:55 | 9.7741 | -0.0040 | -0.04% | Rand / NZD | 19:57 | 5.5302 | -0.0080 | -0.14% | Rand / AUD | 19:55 | 7.2268 | 0.0273 | 0.38% | Yen / Dollar | 19:58 | 80.5100 | 0.3000 | 0.37% | Euro / Dollar | 19:55 | 0.6902 | -0.0032 | -0.46% | Dollar / Euro | 19:57 | 1.4481 | 0.0065 | 0.45% | Pound / Dollar | 19:55 | 0.6097 | -0.0007 | -0.11% |
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The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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14/06/2011 | 152 | 165 | 82 | 399 | 298,943,098 | R16,131,791,189 | 103549 | 1534012 | 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 |
Index Summary Index Name | RP | Move | % Move | Top 40 | 27,897.92 | 57.54 | 0.21% | Industrial | 32,343.73 | -107.17 | -0.33% | Mid Cap | 41,964.02 | -15.99 | -0.04% | Small Cap | 32,134.10 | 14.70 | 0.05% | Resource 20 | 52,803.79 | 543.24 | 1.04% | Industrial 25 | 27,106.75 | -103.43 | -0.38% | Financial 15 | 7,952.33 | -34.12 | -0.43% | Financial & Ind. 30 | 30,086.86 | -133.79 | -0.44% | All Share | 31,229.36 | 52.78 | 0.17% | Oil & Gas | 26,610.59 | 340.25 | 1.30% | Mining | 34,612.86 | 304.96 | 0.89% | Gold Mining | 2,390.96 | 1.66 | 0.07% | Platinum Mining | 69.64 | -.51 | -0.73% | Oil & Gas Producers | 14,308.02 | 222.79 | 1.58% | Basic Materials | 29,390.53 | 250.45 | 0.86% | Chemicals | 13,726.04 | -10.17 | -0.07% | Forestry & Paper | 14,788.43 | 64.41 | 0.44% | Industrial Metals | 29,343.39 | 239.05 | 0.82% | Industrials | 27,610.20 | -110.55 | -0.40% | General Industrials | 74,771.60 | -631.22 | -0.84% | Consumer Goods | 26,720.56 | -93.14 | -0.35% | Automobiles & Parts | 3,396.69 | 163.04 | 5.04% | Household Goods | 149.35 | -1 | -0.88% | Health Care | 33,492.76 | 117.47 | 0.35% | Beverages | 82.73 | -.48 | -0.58% | Food Producers | 47,646.46 | 38.81 | 0.08% |
| | Index Name | RP | Move | % Move | Personal Goods | 418.58 | -.50 | -0.12% | Consumer Services | 52,232.79 | -372.23 | -0.71% | General Retailers | 40,521.21 | 222.07 | 0.55% | Travel & Leisure | 3,685.21 | -4.67 | -0.13% | Media | 83.63 | -1.65 | -1.93% | Support Services | 2,407.39 | 11.98 | 0.50% | Telecommunications | 67,483.36 | -263.59 | -0.39% | Financials | 21,195.89 | -76.51 | -0.36% | Banks | 39,164.50 | -237.20 | -0.60% | Non-life Insurance | 31,451.07 | 826.89 | 2.70% | Life Insurance | 15,597.34 | -41.18 | -0.26% | General Financial | 2,240.62 | .99 | 0.04% | Technology | 21,655.17 | 22.06 | 0.10% | SHARIAH TOP40 | 3,087.19 | 22 | 0.72% | FTSE/JSE SHARIAH ALL | 3,154.96 | 20 | 0.63% | COAL MINING | 22,351.03 | 688 | 3.18% | FTSE JSE Fledgling | 4,564.07 | 7 | 0.16% | FTSE/JSE Alt X | 1,027.66 | 16 | 1.56% | SA LISTED PROPERTY | 382.35 | | -0.51% | CAPPED PROPERTY | 316.99 | | -0.42% | RESOURCE | 29,144.74 | 283 | 0.98% | DIVIDEND PLUS | 167.74 | 0 | 0.13% | FTSE/JSE RAFI 40 | 6,507.21 | 2 | 0.03% | Capped Top 40 | 14,559.82 | 8 | 0.06% | Capped All Share | 15,734.09 | 14 | 0.09% |
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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 | 10 Jun | SBK | STANDARD BANK GROUP LIMIT... | SELL | 10 Jun | AIP | ADCOCK INGRAM HLGS LD | HOLD | 10 Jun | LHC | LIFE HEALTHCARE GRP HLDG ... | BUY | 10 Jun | EQS | EQSTRA HOLDINGS LTD | HOLD | 10 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 | TELKOM | 11-06-13 | 11-07-01 | 11-07-11 | R 1.4500 | MIXTEL | 11-06-13 | 11-07-22 | 11-08-01 | R 0.0600 | ACUCAP | 11-06-09 | 11-06-24 | 11-07-04 | R 1.3888 | SYCOM | 11-06-09 | 11-06-24 | 11-07-04 | R 0.7949 | CLOVERPREF | 11-06-02 | 11-06-17 | 11-06-27 | R 0.0586 |
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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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