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 firstname.lastname@example.org
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 2011
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.
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
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.
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.
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.
World Markets (Spot Prices)
|JSE Top 40||17:00||27321.43||-2.91||-0.01%|
|JSE Indust 25||17:00||26717.80||169.60||0.64%|
|Rand / Dollar||19:59||6.7853||0.0207||0.31%|
|Rand / Pound||19:55||10.9571||0.0566||0.52%|
|Rand / Euro||19:55||9.7077||0.0510||0.53%|
|Rand / NZD||19:57||5.4932||0.0074||0.13%|
|Rand / AUD||19:55||7.1798||0.0060||0.08%|
|Yen / Dollar||19:59||80.2300||0.1200||0.15%|
|Euro / Dollar||19:55||0.6987||-0.0015||-0.21%|
|Dollar / Euro||19:53||1.4307||0.0032||0.22%|
|Pound / Dollar||19:55||0.6172||-0.0013||-0.21%|
Click here for the Sharenet Spot Price page
The JSE Today
|Index Name||RP||Move||% Move|
|Financial & Ind. 30||29,725.61||124.31||0.42%|
|Oil & Gas ||26,116.62||-66.14||-0.25%|
|Oil & Gas Producers ||14,042.43||-35.56||-0.25%|
|Basic Materials ||28,449.73||-182.34||-0.64%|
|Forestry & Paper ||14,258.93||-120.97||-0.84%|
|Industrial Metals ||28,784.85||-298.93||-1.03%|
|General Industrials ||73,655.60||-171.44||-0.23%|
|Consumer Goods ||26,365.21||282.44||1.08%|
|Automobiles & Parts ||3,374.04||-9.06||-0.27%|
|Health Care ||33,150.59||135.09||0.41%|
|Food Producers ||47,345.86||418.09||0.89%|
|Index Name||RP||Move||% Move|
|Personal Goods ||410.39||2.89||0.71%|
|Consumer Services ||51,710.32||353.70||0.69%|
|General Retailers ||39,937.33||-447.76||-1.11%|
|Travel & Leisure ||3,736.05||-41.23||-1.09%|
|Support Services ||2,429.52||-13.03||-0.53%|
|Non-life Insurance ||31,523.82||.00||0.00%|
|Life Insurance ||15,472.61||4.21||0.03%|
|General Financial ||2,208.99||-27.71||-1.24%|
|SHARIAH TOP40 ||3,001.35||-14||-0.47%|
|FTSE/JSE SHARIAH ALL||3,070.16||-15||-0.49%|
|FTSE JSE Fledgling ||4,468.60||-41||-0.90%|
|FTSE/JSE Alt X ||1,076.29||6||0.52%|
|SA LISTED PROPERTY ||379.00||-1.52%|
|CAPPED PROPERTY ||313.51||-1.26%|
|FTSE/JSE RAFI 40||6,380.75||-9||-0.15%|
|Capped Top 40||14,291.97||14||0.10%|
|Capped All Share||15,446.95||-16||-0.10%|
Click here for the Sharenet Index Summary page
Latest Consensus Changes**
|NED||NEDBANK GROUP LTD||SELL||15 Jun|
|SBK||STANDARD BANK GROUP LIMIT...||SELL||15 Jun|
|AIP||ADCOCK INGRAM HLGS LD||HOLD||15 Jun|
|LHC||LIFE HEALTHCARE GRP HLDG ...||BUY||15 Jun|
|EQS||EQSTRA HOLDINGS LTD||HOLD||15 Jun||
|Expected||Company Name||Fin. Date|
|21 Jun 2011||FIURANIUM||March 2011 (Q)|
|24 Jun 2011||AVUSA||March 2011 (Final)|
|24 Jun 2011||DIAMONDCP||December 2010 (Final)|
|24 Jun 2011||FREEWORLD||March 2011 (Interim)|
|24 Jun 2011||TELEMASTR||March 2011 (Interim)|
|MTN||MTN Group Ltd||22/06/2011||Confirmed|
|ISA||ISA Holdings Ltd||22/06/2011||Confirmed|
|SOH||South Ocean Holdings Ltd||22/06/2011||Confirmed|
|CRG||Cargo Carriers Ltd||23/06/2011||Confirmed|
|KIR||Kairos Industrial Holdings Ltd||24/06/2011||Confirmed||
Stock Exchange News Service
Click here for more SENS news