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 The Sharenet Daily 
Friday, 24 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
Top News
SA Business
Company News
Company Results
World Markets (Spot Prices)
JSE Today
JSE Trading Statistics
Major Moves
Index Summary
Latest Consensus Changes / Results Expected
Recent Dividends / Ex Div
Upcoming AGMs
Stock Exchange News Service (SENS)

S.Africa's bonds up on foreign buying, rand weak

By Phumza Macanda and Helen Nyambura-Mwaura

JOHANNESBURG (Reuters) - South Africa's stocks were up more that one percent while bonds gained as foreigners bought local debt, attracted by higher yields.

Despite offshore interest in bonds, the rand recorded its biggest weekly loss in six weeks. It was on the back foot partly due to Reserve Bank buying of foreign exchange.

It will likely keep its weaker tone as worries that Greece might not pass austerity measures needed for the country to secure loans kept investors hesitant to pile on risky assets.

A heavy sell-off in the previous session attracted bargain hunters, with the blue-chip Top-40 index up 1.4 percent to 27,391.89 -- its highest daily gain in almost a month.

Yields on local bonds fell to multi-week lows on the short end. The yield on the 2015 bond hit two week lows at 7.425 percent and was last at 7.43 percent. The 2026 yield fell 7.5 basis points to 8.545 percent.

Undeterred by a generally negative sentiment towards risky assets, foreigners had bought 1.7 billion rand worth of local bonds by end Thursday.

"I think the buying has a lot to do with our debt metrics, which are better than Europe's. They are happy about our economy and our deficit," said a bond dealer.

"There's also a good spread over the U.S. tenure," he added.

South Africa's budget deficit widened to 5.0 percent of GDP in 2010/11 with plans to trim it to around 4.0 percent in the next three years. Moody's said on June 9 there was little to put downward pressure on sovereign ratings right now.

The spread between the 10 year benchmark and its U.S. equivalent has widened by 29 basis points since the beginning of June to 5.161 percent. Just on Friday, it narrowed by four basis points as foreigner bought local debt.


The risk aversion prevailing in global markets added to the rand woes, as the currency was already under pressure from central bank buying since it hit two-week highs at 6.70 earlier this week.

By 1556 GMT, the rand was trading at 6.89 to the dollar, 0.7 percent weaker than Thursday's New York close of 6.8425.

It was in the bottom three of the worst performers among emerging market currencies and there might be no respite next week.

"The rand has underperformed for the last two sessions, with central bank pressures," said Christopher Shiells, emerging market analyst at IGM.

"Next week, the rand's direction will depend on Greek sentiment and at the moment there is a cloud of uncertainty hanging over the austerity vote."

The rand has struggled to break the 6.92 level after two attempts this week and should it pierce it, it will aim for 6.96, which is its 200-day moving average.

On the bourse, the All-Share Index was up 1.2 percent to 30,680.23.

"There was obviously a huge recovery after a bad few days. The story at the moment is all about Greece and positive comments last night boosted the international markets and we followed suit," said Michael Carlsson, a trader at Consilium Capital.

"The resources performed very well after being punished perhaps too much the past few days."

Mining heavyweight BHP Billiton gained but gold miners extended losses as the price of bullion dropped to one-month lows.

The index of gold miners eased 0.5 percent after falling to its lowest level in nearly a year during the previous session.

Value investors snapped up shares of firms such as Internet and media giant Naspers, which went up 1.99 percent to 368.30 rand.

Fri, 24 Jun 2011
Top News
Growth in Rwandan mobile phone subscriptions slowed to 2.9 percent in the first five months of 2011, the country's regulator said on Friday.  Full story

South Africa's closing maize stocks for the 2010/11 season were at 2.336 million tonnes, compared with 2.131 million tonnes for the previous season, data showed on Friday.  Full story
AMMAN, June 24 (Reuters) - Syrian security forces shot dead 15 protesters on Friday when they used live ammunition in several cities to disperse protests demanding the ouster of President Bashar al-Assad, activists and residents said.  Full story
No talking, no tweeting and no travel for a year -- these are some of the conditions of Chinese dissident artist Ai Weiwei's release from more than two months in detention, underscoring Beijing's efforts to muzzle dissent.  Full story
Tens of thousands of Yemenis protested in Sanaa in a "Friday of the Revolutionary Will" to underline their drive to oust their wounded president.  Full story
Gold fell sharply for a second straight session on Friday, hitting its lowest in a month, as Greece's debt worries boosted the dollar. . .  Full story
U.S. stocks dropped on Friday as worries about the Italian banking sector added to anxiety emanating from Europe about passage of a Greek. . .  Full story
Strong miners propped up Britain's top shares on Friday, but overall sentiment was downbeat on concerns over the Italian banking sector and the passage. . .  Full story
The euro fell and global stocks slipped on Friday as concerns the Greek parliament may fail to pass new austerity measures next week. . .  Full story

U.S. stock index futures pared losses and were nearly flat on Friday after trading in some Italian banks was briefly suspended, raising new. . .  Full story
. . .  Full story
European shares bounced back on Friday from three-month closing lows, with investor risk appetite rising on expectations Greece could avoid a default after international. . .  Full story
The Nikkei average rose to a three-week closing high on Friday, helped by news that Greece has agreed to a five-year austerity plan. . .  Full story
SA Business
South Africa's rand regained some of its footing against the dollar on Friday after falling to one week lows the day before, while government bonds climbed higher due to foreigners seeking high returns.. . .  Full story
Civil engineering firm Unity Infraprojects Ltd is scouting for infrastructure building contracts in the Middle East, South Africa and Libya, while foraying into power and railways back home, a top official said on Friday.. . .  Full story

Wage negotiations between South African fixed-line operator Telkom and labour union Solidarity reached a deadlock, Solidarity said on Friday.. . .  Full story
South Africa's National Treasury on Friday said Thuto Shomang has been appointed new head of assets and liabilities, effective immediately.. . .  Full story
Canada's Platmin Ltd said it suspended mining operations at its Pilanesburg platinum mine in South Africa after some employees of a. . .  Full story
South Africa's Freeworld Coatings Ltd, a unit of Japan's Kansai Paint, said on Friday that first half earnings had fallen by. . .  Full story

South Africa auctioned 3.825 billion rand worth of three-month Treasury Bills on Friday at an average yield of 5.55 percent, unchanged from last week.. . .  Full story
Company News
Shareholders are advised that the company expects earnings per share for the year ended 31 March 2011 to decrease from 4.57. . .  Full story
DAWN announce the appointment of Mr JA Beukes as company secretary, effective 22 June 2011. Mr JA Beukes assumes the responsibilities. . .  Full story
DAWN announce the appointment of Mr VJ Mokoena as an independent non-executive member of the board, effective 22 June 2011, and. . .  Full story
MCC Contracts (Pty) Ltd, a subsidiary of Eqstra Holdings Ltd, advises that on Thursday, 23 June 2011 certain employees at their. . .  Full story

The board of directors of B&W ("the board") notified its shareholders that Mr Stephen Pinkney has been appointed as an executive. . .  Full story
Cadiz advised shareholders of the following appointments which are effective from 24 June 2011: * Abigail Brooks, the chief financial officer. . .  Full story
Investec plc announced that it has issued: * 4 699 150 new ordinary shares of GBP0.0002 each in the capital of. . .  Full story
Discovery's strong performance during the interim financial reporting period to 31 December 2010 continued over the first quarter of the 2011. . .  Full story
Company Results
Revenue for the interim period ended 31 March 2011 increased to R158 million (2010: R117.5 million). Gross profit rose to R26.3. . .  Full story
Revenue for the year ended 31 March 2011 increased to R1.8 billion (R1.5 billion) and operating profit before finance costs improved. . .  Full story
Revenue declined to R318.5 million (R394.3 million) and gross profit fell to R99 million (R170.8 million). The operating loss for the. . .  Full story
The group achieved another year of strong revenue growth of 30% (2010: 29%). This was achieved by solid growth across our. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0030680.23353.691.17%
JSE Top 4017:0027391.89364.971.35%
JSE Gold17:002298.74-10.40-0.45%
JSE Financial17:0021018.90166.910.80%
JSE Industrial17:0031850.77317.321.01%
JSE Indust 2517:0026682.52300.211.14%
JSE Resource17:0051517.61794.001.57%
DJ Futures19:5011890.00-105.00-0.88%
DJ Ind19:4511981.62-68.38-0.57%
SP 50018:201272.96-10.54-0.82%
FTSE 10017:355697.7223.340.41%
All Ords08:374565.003.600.08%
NZSE 5007:323455.60-6.21-0.18%
NameTimeRPMove% Move
Gold/R kg20:00332733-1571-0.47%
Brent Crude19:56105.73-3.35-3.07%
Rand / Dollar19:596.89340.07231.06%
Rand / Pound19:5510.98800.08900.82%
Rand / Euro19:559.78470.04920.51%
Rand / NZD19:595.59670.03980.72%
Rand / AUD19:557.25380.06430.89%
Yen / Dollar19:5980.3400-0.0500-0.06%
Euro / Dollar19:590.70480.70480.00%
Dollar / Euro19:591.4188-0.0073-0.51%
Pound / Dollar19:550.62530.00120.19%

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The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 PUTPROP  550489.56.%4500
2 KAP  260156.12.%1760499
3 ROLFES  195105.41.%29643
4 PALLINGHT  398205.29.%140514
5 VILLAGE  14775.00.%206309
6 PALCAP  280134.87.%162921
7 HCI  81503504.49.%53539
8 BRIMST-N  725304.32.%97356
9 BASREAD  1330534.15.%249589
10 CML  1895754.12.%668557
11 KELLY  400153.90.%500
12 AFRIMAT  400153.90.%9553
13 JUBILEE  24993.75.%122743
14 PAN-AF  11743.54.%603478
15 PETMIN  29493.16.%123215
16 BLUETEL  495153.13.%2707310
17 BILLITON  253006542.65.%4004247
18 EXXARO  168864362.65.%2254174
19 MASSMART  132393392.63.%569973
20 AFRO-C  20052.56.%5000

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Major Moves Down
SharenameSaleMove% MoveVolume
1 REX-TRUE  1250-125-9.09.%100
2 PLATMIN  445-35-7.29.%17010
3 NEPI  3050-150-4.69.%284432
4 IQUAD  240-10-4.00.%52000
5 GOLDREEF  1615-65-3.87.%1251
6 ONELOGIX  107-4-3.60.%126718
7 OCEANA  3700-100-2.63.%8791
8 DRDGOLD  299-8-2.61.%1155618
9 ALTRON-P  2587-63-2.38.%381674
10 DISCOVERY  3769-86-2.23.%1660509
11 RMIH  1216-24-1.94.%3376265
12 STEFSTOCK  1240-24-1.90.%498084
13 LITHA  260-5-1.89.%52550
14 INVICTA  4225-75-1.74.%13400
15 CAT  1510-25-1.63.%1250
16 SANTAM  12800-200-1.54.%298998
17 STEINHOFF  2190-30-1.35.%8696773
18 COMAIR  222-3-1.33.%4000
19 MEDCLIN  3060-40-1.29.%851292
20 ANGGOLD  27849-364-1.29.%1475331

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New Highs
SharenameSaleHighMove% MoveVolume

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New Lows
SharenameSaleLowMove% MoveVolume
1 ANGGOLD  2784927700-364-1.29.%1475331
2 PIKWIK  16901686-15-0.88.%1438088
3 RANGOLD  2402350.69600
4 GOLIATH  3002600.1650
5 JUBILEE  24923593.75.%122743

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Index Summary
Index NameRPMove% Move
Top 4027,391.89364.971.35%
Mid Cap41,298.8988.200.21%
Small Cap31,913.0090.020.28%
Resource 2051,517.61794.001.57%
Industrial 2526,682.52300.211.14%
Financial 157,881.1875.790.97%
Financial & Ind. 3029,700.23339.521.16%
All Share30,680.23353.691.17%
Oil & Gas 25,892.26226.910.88%
Mining 33,773.56542.121.63%
Gold Mining2,298.74-10.40-0.45%
Platinum Mining67.57.310.46%
Oil & Gas Producers 13,921.79122.000.88%
Basic Materials 28,679.82416.421.47%
Chemicals 13,590.4133.140.24%
Forestry & Paper 14,222.6910.450.07%
Industrial Metals 28,864.55-79.16-0.27%
Industrials 27,299.25223.010.82%
General Industrials 74,265.55934.671.27%
Consumer Goods 26,227.46305.671.18%
Automobiles & Parts 3,371.7833.971.02%
Household Goods139.18-2-1.35%
Health Care 32,852.0362.260.19%
Beverages 78.79.540.69%
Food Producers 46,836.7170.150.15%
Index NameRPMove% Move
Personal Goods 430.6710.692.55%
Consumer Services 51,453.13675.771.33%
General Retailers 39,813.66650.931.66%
Travel & Leisure 3,718.2013.850.37%
Media 81.351.581.98%
Support Services 2,401.8210.980.46%
Telecommunications 66,937.66746.781.13%
Financials 21,018.90166.910.80%
Banks 39,035.93486.281.26%
Non-life Insurance 31,038.84-484.98-1.54%
Life Insurance 15,388.04100.050.65%
General Financial 2,203.6616.100.74%
Technology 21,632.39213.080.99%
SHARIAH TOP40 3,018.58411.38%
FTSE/JSE SHARIAH ALL3,085.86381.26%
COAL MINING22,434.055382.46%
FTSE JSE Fledgling 4,543.50160.35%
FTSE/JSE Alt X 1,069.8870.70%
RESOURCE 28,426.904291.53%
DIVIDEND PLUS163.0810.68%
FTSE/JSE RAFI 406,387.74771.22%
Capped Top 4014,300.591761.25%
Capped All Share15,462.081711.12%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
27 Jun 2011NASPERSMarch 2011 (Final)
27 Jun 2011NASPERS-NMarch 2011 (Final)
28 Jun 2011OMNIAMarch 2011 (Final)
28 Jun 2011OMNIACPMarch 2011 (Final)
29 Jun 2011WESCOALMarch 2011 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
ARGENT11-06-2311-09-0211-09-12R 0.0300
AVUSA11-06-2311-07-2211-08-01R 0.8500
NAMPAK 6%P11-06-2311-07-2211-08-01R 0.0600
TELEMASTR11-06-2311-07-0811-07-18R 0.0500
NAMPAK 6.511-06-2311-07-2211-08-01R 0.0650
Ex Div**
Share NameDec-DateLDTPay-DateAmount
TIGBRANDS11-05-3011-06-2411-07-04R 2.8100
VODACOM11-05-1611-06-2411-07-04R 2.8000
CAPITEC11-03-3011-06-1711-06-27R 2.0500
MRPRICE11-05-2611-06-1711-06-27R 1.7530
ACUCAP11-06-0911-06-2411-07-04R 1.3888

Upcoming AGMs**
CodeCompany NameDateStatus
IMUImuniti Holdings Ltd24/06/2011Confirmed
ESREsorfranki Ltd24/06/2011Confirmed
IMUPImuniti Holdings Ltd24/06/2011Confirmed
ADRAdcorp Holdings Ltd24/06/2011Confirmed
PNCPinnacle Technology Holdings Ltd24/06/2011Confirmed

Stock Exchange News Service
24/06/201117:15 Wescoal Holdings Limited - Trading Update
24/06/201117:13 Metmar - Announcement regarding the acquisition by Metmar of a further 60
24/06/201116:19 Harmony Gold Mining Company Ltd - Appointment of independent non-executive
24/06/201116:12COH - Curro - Dealing in Curro Holdings Limited shares by an Associate
24/06/201116:03ES23 - Eskom Holdings Soc Limited - Tap issue
24/06/201116:00 SABMiller Plc - Notification of transactions of directors, persons
24/06/201115:41 Cargo Carriers Limited - Press release regarding the change of date of the
24/06/201115:32 Basil Read Holdings Limited - Basil Read Investors presentation
24/06/201115:31 DigiCore - Changes in function of Directors
24/06/201115:25 Distribution and Warehousing Network Limited - Changes to the company
24/06/201115:24 DAWN - Changes to the board of Directors
24/06/201115:21 Distribution and Warehousing Network Limited - Director`s dealings in
24/06/201114:38 Moneyweb - Reviewed provisional condensed financial results for the
24/06/201114:22BIFR1 - FirstRand Bank Limited - Listing of Tap Issues
24/06/201114:08 Freeworld Coatings Limited - Unaudited interim results for the six
24/06/201114:06 Cadiz Holdings Limited -Directors` interests
24/06/201113:52 Adcorp Holdings Limited - Results of the annual general meeting
24/06/201113:41 Eqstra Holdings Limited - Illegal industrial action - Pilansburg Platinum
24/06/201113:30 Platmin Limited - Disruptions to operations at Pilanesburg Platinum Mine
24/06/201113:09 Esorfranki Limited - Results of the Annual General Meeting
24/06/201113:07 Imuniti Holdings Limited - Results of general meeting and results of
24/06/201112:50 B & W Instrumentation and Electrical Limited - Change to the board of
24/06/201112:47 Kairos Industrial Holdings Limited - Results Of Annual General Meeting
24/06/201112:15 Pinnacle Technology Holdings Limited - Results of general meeting
24/06/201112:04 Cadiz Holdings Limited - Appointment of alternate director and company
24/06/201111:44 Country Bird Holdings Limited - Dealings in securities
24/06/201111:34 BioScience Brands Limited - Further cautionary announcement
24/06/201111:29INL/INP - Investec - Additional Listings - Investec Plc and Investec Limited
24/06/201111:15 Remgro Limited - Dealing in securities by a director
24/06/201111:15 Capital Shopping Centres Group Plc - Notification of major interests in
24/06/201110:50 MiX Telematics Limited - Dealing in securities
24/06/201110:30 Discovery Holdings Limited - Trading statement for the nine months ended
24/06/201109:19 Discovery Holdings Limited - Notification of distribution of circular and
24/06/201108:00 ZCI Limited - Prospecting Rights Renewal
24/06/201108:00 Jubilee Platinum PLC - Voluntary announcement: Appointment of UK joint
24/06/201107:30 Compagnie Financiere Richemont SA Depositary Receipts - Richemont annual
24/06/201107:10 British American Tobacco p.l. - Transaction in own shares
24/06/201107:05 BHP Billiton Plc - Transaction in shares

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