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Monday, 20 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
S.Africa's rand and stocks weaker on risk aversion
By Phumza Macanda and Mmathabo Tladi
JOHANNESBURG (Reuters) - South Africa's rand weakened slightly against the dollar on Monday and local stocks edged lower taking their cue from negative sentiment in global markets on the back of Greece.
The local scene has been largely quiet and the Greece debt crisis has dominated markets, leading investors to trim exposure to risky assets after euro zone finance ministers postponed giving that country emergency loans.
Government bonds bucked the trend after a heavy sell-off last week attracted some bargain hunters. Foreign investors sold off local debt last week for the first time in three-months, pushing yields to three-week highs.
The yield on the 2015 bond fell four basis points to 7.52 percent and that on the 2026 note was unchanged from the previous close at 8.615 percent.
Reaction to the weekend's ANC Youth League conference at which re-elected leader Julius Malema re-iterated his calls for mines nationalisation was muted in the local market.
The ruling ANC distanced itself from the Youth League's rhetoric but nationalisation talk is likely to worry investors.
The rand was trading at 6.7772 against the dollar at 1600 GMT, 0.3 percent softer than Friday's New York close of 6.76. It was off session low of 6.8350 seen earlier.
"With the rand tracking the euro very closely, the fortunes of the rand are tied to the Greek situation," said IFR, a Thomson Reuters markets and news service.
The rand has strong support in the 6.83 area -- also its 50 day moving average -- which it has failed to break convincingly after three attempts.
Markets will watch current account data out at 0800 GMT Wednesday, which could weigh on the rand if the deficit is wider than the 3.0 percent to GDP shortfall the market expects.
On the bourse, the JSE Top-40 index of blue chips shed 0.01 percent to 27,321.43 points with the rise in gold stocks lifting the index from session lows.
The gold index gained nearly 1 percent on Monday -- outperforming the All-Share index that which lost 0.14 percent at 30,627.67 -- as spot gold hit a high of $1,546.76 an ounce.
"When you look at commodity prices they are on the back foot with the exception of gold and silver," said a Cape Town-based trader that did not want to be named.
"We are looking for a rebound in that sector (gold). We might see the gains follow through during the month."
Junior miner Simmer & Jack bucked the trend in gold miners and plunged 95 percent to end at 3 rand after announcing it would cut 1,200 jobs.
Stocks that started to trade without the right to the latest dividend on Monday, such as retailer Mr. Price and Adcock also fell deeply.
Copper producer Palabora Mining fell nearly 7 percent on news that it faces unexpected tax consequences as its BEE transaction had not been implemented yet.
Mon, 20 Jun 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-06-20T163535Z_01_AJOE75J1A3E00_RTROPTP_3_OZABS-RIVERSDALE-20110620.JPG "Labourer searches for usable coal at a cinder dumpsite in Changzhi") Riversdale Mining expects to export the first coking coal from its Benga project in Mozambique by early 2012, with a major ramp-up of the mine due in 2013, the company's managing director said on Monday. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=http%253A%252F%252Fwww.sharenet.co.za%252Fimages%252Fprofile%252Fmerchant_industrial.gif) Revenue for the interim period ended 31 March 2011 increased to R11.8 million (2010: R11.2 million). Operating profit rose to R4.8 million (2010: R4.7 million), while profit for the period strengthened to R2.5 million (2010: R2.3 million). Furthermore, headline earnings per share improved to Full story |
 Syrian President Bashar al-Assad pledged on Monday reforms within months to address a wave of protests against his rule, but blamed saboteurs for the unrest and warned that no deal could be reached with gunmen. Full story  The NATO military alliance has endangered its credibility with a bomb that destroyed a house in the Libyan capital, killing several residents, Italy's foreign minister said on Monday. Full story  Egypt's former President Hosni Mubarak is suffering from cancer, his defence lawyer said on Monday, citing a medical report to assess whether the former leader is fit enough to face trial. Full story |
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Markets |
European shares fell to a
three-month closing low on Monday on growing unease about the
euro zone debt crisis, after a delay in. . . Full story |
U.S. stocks climbed on
Monday, as the S&P 500 bounced off a key support level and
Greece got an ultimatum from euro-zone ministers. . . Full story |
Oil slid and the euro wavered
on Monday as risk aversion rose after European finance
ministers postponed doling out emergency loans to. . . Full story |
Banks and commodity stocks
dragged Britain's top index lower on Monday, as Greece's
lingering debt crisis looks likely to stall the FTSE's progress
near-term,. . . Full story | |||
Gold gained on Monday as the
euro strengthened and the precious metal remained supported by
euro zone debt woes after ministers delayed a. . . Full story |
U.S. stock index futures fell
on Monday after euro zone finance ministers postponed a final
decision on extending emergency loans to debt-stricken Greece.. . . Full story |
World stocks, the euro and crude
prices fell on Monday and bond yields in heavily indebted euro
zone countries jumped after the region's. . . Full story |
Hong Kong shares fell to a
nine-month low on Monday as the property sector slid on fears of
more government tightening measures, pushing. . . Full story | ||||
SA Business |
South Africa's Standard Bank said it was on track to lift its domestic lending to more than 50 billion rand this year, helped by slowly improving credit demand from individuals and businesses.. . . Full story |
South Africa's rand retreated slightly from Friday's 3-day highs as Greece's debt woes came back into focus on Monday, dampening the slight uptick in risk appetite that had boosted the currency last week.. . . Full story | |||||
South Africa's Simmer & Jack Mines Ltd said on Monday it might cut almost a third of the workers at one of its underperforming mines, to put pressure on costs at the mine, which has producing less gold than planned.. . . Full story |
Company News |
Shareholders were advised of the appointment of Dr. Ayanda Ntsaluba as an executive director of Discovery Holdings, as well as a. . . Full story |
Shareholders were advised that, with immediate effect, non-executive director Andrew Brooking has resigned from and independent non-executive director Malcolm Goodford has. . . Full story |
Further to the report for three and twelve months ended 31 March 2011 released at 07h05 on SENS this morning, shareholders. . . Full story |
The board of directors of Putprop ("the board") informed shareholders that Putprop has entered into an agreement of sale dated 20. . . Full story | |||
Further to the cautionary announcement dated 14 March 2011 and the renewal of cautionary announcement dated 3 May 2011 Mvela Group. . . Full story |
The Johannesburg Stock Exchange ("JSE") wishes to advise that Pinnacle Point Group Ltd have failed to submit provisional reports within the. . . Full story |
GEN - General - CPN PNG & HUG - Late submission o 20 Jun 2011
JSE HUG. . . Full story |
Shareholders were advised that the company's annual report, incorporating the annual financial statements for the year ended 31 December 2010, was. . . Full story | ||||
World Markets (Spot Prices)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 20/06/2011 | 108 | 198 | 91 | 397 | 273,846,093 | R11,522,259,799 | 98253 | 1527867 |
| 17/06/2011 | 111 | 228 | 87 | 426 | 425,394,346 | R19,574,229,411 | 120388 | 1764295 |
| 15/06/2011 | 126 | 190 | 71 | 387 | 349,715,410 | R19,994,598,260 | 146531 | 1612249 |
| 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 |
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Index Summary
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Stock Exchange News Service
| Date | Time | Headline |
| 20/06/2011 | 17:37 | GEN - FTSE/JSE Africa Index Series - Morvest Business Group (South Africa): |
| 20/06/2011 | 17:33 | Aspen Pharmacare Holdings Limited - Dealing in securities by director of |
| 20/06/2011 | 17:30 | Labat Africa Limited - Change to board of directors |
| 20/06/2011 | 17:23 | Cashbuild Limited - Cautionary Announcement |
| 20/06/2011 | 17:07 | Datacentrix Holdings Limited - Dividend declaration and further cautionary |
| 20/06/2011 | 16:39 | IND - Indwa Investments Limited - Listing of Financial Instruments |
| 20/06/2011 | 16:19 | Famous Brands Limited - Dealings in securities |
| 20/06/2011 | 16:18 | TOPDWK - Deutsche Bank AG - Notice : Termination Of Listing - TOPDWK - Index |
| 20/06/2011 | 15:57 | Resilient - Voluntary Announcement in respect of the Acquisition of the |
| 20/06/2011 | 15:56 | Pinnacle Technology Holdings Limited - Dealing in securities by director |
| 20/06/2011 | 15:10 | Discovery Holdings Limited - Change to the board of directors of Discovery |
| 20/06/2011 | 15:05 | Ellies Holdings Limited - Changes to the audit committee |
| 20/06/2011 | 15:04 | Simmer and Jack Mines, Limited - Correction announcement- Report for three |
| 20/06/2011 | 14:48 | Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of |
| 20/06/2011 | 14:46 | Massmart - Shareholders` Potential Capital gains Tax Considerations |
| 20/06/2011 | 14:45 | Massmart Holdings Limited - Changes to Massmart`s board |
| 20/06/2011 | 14:30 | CCO - Capital & Counties Properties PLC - PDMR`s acquisition of shares |
| 20/06/2011 | 14:25 | Merchant - Unaudited Interim Report for the six months ended 31 March |
| 20/06/2011 | 14:15 | Eqstra Holdings Limited - Dealing in Securities by an Executive Committee |
| 20/06/2011 | 13:43 | Putprop Limited - Acquisition of Detpak Kya Sands |
| 20/06/2011 | 13:35 | BIABL - African Bank Limited - Interest Rate Reset Announcement |
| 20/06/2011 | 12:52 | PC2 - Private Commercial Mortgages (PTY) LIMITED - Interest rate reset |
| 20/06/2011 | 12:36 | Compu-Clearing Outsourcing Limited - Director`s dealing in securities |
| 20/06/2011 | 12:05 | GRT/BIGRO - Growthpoint Properties Limited - Announcement of credit ratings |
| 20/06/2011 | 12:00 | Redefine Properties International Limited - Director Shareholding |
| 20/06/2011 | 11:44 | Gold Fields Limited - Acquisition of IAMGOLD`S minority interests in |
| 20/06/2011 | 11:39 | Country Bird Holdings Limited - Dealings in securities |
| 20/06/2011 | 11:00 | Jubilee - Voluntary Announcement: Company Update |
| 20/06/2011 | 11:00 | Miranda Mineral Holdings Limited - Clarification of appointment of the |
| 20/06/2011 | 11:00 | Hulamin Limited - Notice of Annual General Meeting |
| 20/06/2011 | 10:56 | MVG/MVGP - Mvelaphanda Group Limited - Renewal of Cautionary Announcement |
| 20/06/2011 | 10:12 | ASA / ABSP - ABSA Group Limited / ABSA Bank Limited - Appointment of Chairman |
| 20/06/2011 | 10:10 | MICROmega Holdings Limited - No change statement and Notice of Annual |
| 20/06/2011 | 09:59 | GEN - General - CPN, PNG & HUG - Late submission of (reviewed) provisional |
| 20/06/2011 | 09:54 | GRA286 - Grayston Conduit 1 (Proprietary) Limited - New Financial Instrument |
| 20/06/2011 | 09:51 | Bell Equipment Limited - Notice of General Meeting |
| 20/06/2011 | 09:49 | Adcorp Holdings Limited - Resignation of non-executive director |
| 20/06/2011 | 09:45 | Old Mutual Plc - Tender Offer |
| 20/06/2011 | 08:43 | Imuniti Holdings Limited - Date Amendment - Resignation of Company |
| 20/06/2011 | 08:30 | Palabora Mining Company - Broad-Based Black Economic Empowerment |
| 20/06/2011 | 08:00 | New Europe Property Investments Plc - Issue of Equity and Total Voting |
| 20/06/2011 | 07:14 | Stefanutti Stocks Holdings Limited - Acquisition by Stefanutti Stocks |
| 20/06/2011 | 07:11 | BHP Billiton Plc - Transaction in shares |
| 20/06/2011 | 07:10 | British American Tobacco p.l.c.- Transaction in own shares |
| 20/06/2011 | 07:05 | Simmer and Jack Mines, Limited - Report for three and twelve months ended |
| 20/06/2011 | 07:05 | GDO/GGM - Gold One/Goliath Gold - Update on the acquisition by Goliath Gold of |
Click here for more SENS news