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Monday, 04 July 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.African assets edge higher in thin trading
By Stella Mapenzauswa and Mmathabo Tladi
JOHANNESBURG (Reuters) - South Africa's rand edged up against the broadly struggling dollar on Monday and bonds edged up slightly with latest data showing continued foreign demand for high yielding local debt in the last 10 days.
Stocks ended a muted session higher, notching up their sixth straight day of gains led by Gold Fields and Steinhoff, tracking global equities on optimism about the global economy.
Traders said volumes were thin all round, with the United States out of the market for Independence Day, meaning some of the moves on the day might have been somewhat exaggerated.
The yield on the benchmark 2015 bond fell by four basis points to 7.49 percent while that on the longer-dated 2036 gave up three basis points to 8.575 percent.
"It's been dead quiet today, being a U.S. holiday; nothing much happened. You can't read too much into the bond yield moves because we did not see any decent flow, it was very thin trade," a bond trader in Johannesburg said.
"It was mostly locals in the market today. We'll see tomorrow what happens. We've got the auction and should get some direction from that."
The National Treasury will issue 1.3 billion rand worth of the 2017 bond and 800 million rand of the 2041 issue at its weekly debt auction on Tuesday.
Foreign demand for local bonds has risen steadily in recent months after a heavy sell-off at the start of the year.
Latest data from the JSE securities exchange showed non-residents were net sellers of South African debt on Friday, but have purchased over 4.3 billion rand of bonds in the past 10 days, attracted by relatively higher yields.
At 1558 GMT the rand traded at 6.7170 to the dollar, up 0.25 percent from Friday's close at 6.7335, as weekend news of a debt plan for Greece lifted risk appetite.
"I think the rand is mainly led by the external situation at the moment. Eyes are still on Greece, and it seems dollar appetite isn't there at this time, hence appetite for risky assets, particularly the rand is in focus." Anisha Arora, an emerging markets analyst at 4CAST said.
"In the coming week we may need some sort of trigger to break 6.70," she added.
On the bourse, the JSE Top-40 index of blue chips picked up 0.55 percent to 28,736.97 and the broader All-share index added 0.48 percent to 32,077.79.
"The volume has been low ... on balance some of our global stocks appear to be trending higher and driving the market up," said Paul Theron , chief executive officer of fund manager Vestact.
Gold Fields topped the gainers' list on the blue chip index, helped by a higher bullion price and a spate of broker upgrades in recent weeks.
Shares in the company rallied 3.07 percent to 97.34 rand.
Furniture maker and retailer Steinhoff climbed 2.31 percent to 23.47 rand, after the company said late on Friday it raised 1.2 billion euro loan refinancing deal that extend its debt maturities.
On the flipside, fixed phone operator Telkom dropped 2.61 percent to 36.52 rand as the deadline passed for investors to receive its next dividend payout.
Mon, 04 Jul 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-07-04T104141Z_01_AJOE7630TPI00_RTROPTP_3_OZABS-KENYA-MAIZE-GM-20110704.JPG "Women prepare corn for sale outside a shop in downtown Nairobi") Kenya has become the fourth country in Africa to open up to genetically modified (GM) crops after approving laws to allow their production and importation. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-07-04T104232Z_01_AJOE7630TQX00_RTROPTP_3_OZABS-SAFRICA-AUTO-20110704.JPG "People walk between used cars by different car makers at a car dealer in Munich") Growth in South Africa's new vehicle sales quickened to 12.6 percent year-on-year in June at 44,880 units, the National Association of Automobile Manufacturers (NAAMSA) said on Monday. Full story |
  Venezuela's ever-theatrical President Hugo Chavez made a surprise homecoming on Monday after cancer surgery in Cuba and declared himself "fine" despite speculation he may still require lengthy treatment. Full story  Ratko Mladic was ejected from the courtroom at the U.N. war crimes tribunal on Monday after the former Bosnian Serb commander heckled the judge when he read out a charge of genocide and entered a not guilty plea on his behalf. Full story |
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Markets |
LONDON, July 4 (Reuters) -
European shares extended a winning run to six sessions on
Monday, as worries about Greece receded further, though
strategists. . . Full story |
Integrated oil stocks helped
Britain's top shares end higher on Monday, when gains were
limited by weaker banks after Standard & Poor's warned. . . Full story |
Gold prices rose 0.6 percent on
Monday as investors took advantage of the metal's dip to
six-week lows last week to buy into. . . Full story |
Hong Kong began the third
quarter on a strong footing led by a bounce in China-related
plays on optimism over a possible slowdown. . . Full story | |||
The Nikkei stock average climbed
above 10,000 for the first time in two months on Monday, boosted
by buying from Asian investors, but. . . Full story |
Australian stocks gained 0.4
percent on Monday to hold above the 4,600 mark, helped by
stronger metals prices and stronger U.S. factory data. . . Full story |
World stocks rose on Friday on
news that U.S. factory activity expanded more than expected in
June, but weakening industrial production in Asia. . . Full story |
Gold fell around 1 percent on
Friday to record its second straight weekly loss, dragged down
by fund selling amid commodity weakness and. . . Full story | ||||
SA Business |
South Africa's rand steadied against the dollar on Monday, with potential for gains this week as investors could turn towards high-risk assets after Greece secured emergency loans at the weekend.. . . Full story | ||||||
Matilda Mnwana, a
72-year-old pensioner in the Johannesburg township of Soweto,
built a house and put her six children through school, all
without the help of a bank.. . . Full story | South African miner Metorex said on Monday that it had still received no firm offer from any party other than Brazil's Vale, which has made a $1.1 billion offer for it.. . . Full story | South Africa's National Union of Mineworkers (NUM) said on Monday it will resume wage talks on Tuesday with the Chamber of Mines, which represents major gold miners such as Gold Fields,. . . Full story |
Company News |
Shareholders are advised that GROCAP, a wholly owned subsidiary of AFGRI OPERATIONS LTD, who in turn is a wholly owned subsidiary. . . Full story |
Dawn advised of the following change regarding executive responsibilities. During the past 24 months, Mr Lou Alberts has expressed the desire. . . Full story |
Shareholders are advised that the Annual Report of the company for the year ended 31 March 2011 was posted on Monday,. . . Full story |
Rockwell announced progress with the diamond value management programmes which it recently initiated to enhance diamond recoveries as well as changes. . . Full story | |||
Ceramic shareholders are referred to the announcement published by the company on SENS on Wednesday, 1 June 2011 regarding the notice. . . Full story |
The Sunday Times Business Times reported that Investec plc was considering disposing of its Swiss wealth management unit. This is in. . . Full story |
According to Business Day, Santam said it had last received 418 tip-offs and reported 58 incidents of insurance related fraud, worth. . . Full story |
According to Business Day, Nedbank has been the best performing share of the big four banks in the first six months. . . Full story | ||||
World Markets (Spot Prices)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 04/07/2011 | 192 | 132 | 75 | 399 | 184,268,903 | R7,359,421,889 | 65021 | 1105529 |
| 01/07/2011 | 194 | 127 | 73 | 394 | 250,806,973 | R10,279,147,226 | 89688 | 1841376 |
| 30/06/2011 | 236 | 116 | 73 | 425 | 370,600,712 | R13,768,593,101 | 104596 | 1645309 |
| 29/06/2011 | 235 | 102 | 78 | 415 | 275,539,044 | R12,480,755,484 | 97455 | 1675558 |
| 28/06/2011 | 234 | 86 | 74 | 394 | 268,579,526 | R11,882,121,405 | 96798 | 1757624 |
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Index Summary
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Stock Exchange News Service
| Date | Time | Headline |
| 04/07/2011 | 17:35 | Pinnacle Technology Holdings Limited - Acquisition by Pinnacle of an |
| 04/07/2011 | 17:30 | AFGRI Limited - Cautionary announcement relating to the potential disposal |
| 04/07/2011 | 17:13 | Lonmin Plc - Total Voting Rights and Capital as at 30 June 2011 |
| 04/07/2011 | 17:11 | Mercantile Bank Holdings Limited - Company Announcement |
| 04/07/2011 | 17:05 | Beige Holdings Limited - Dealings in securities by Directors |
| 04/07/2011 | 16:59 | Mvelaserve Limited - Director`s dealings in Mvelaserve securities |
| 04/07/2011 | 16:39 | Grand Parade Investments Limited - Dealing in securities by an associate |
| 04/07/2011 | 16:33 | PGFP - PSG Financial Services Limited - Dealing in PSG Financial Services |
| 04/07/2011 | 16:29 | Distribution and Warehousing Network Limited - Change in chairman |
| 04/07/2011 | 16:28 | Basil Read Holdings - Dealings in securities by non-executive directors of |
| 04/07/2011 | 16:19 | Metrofile Holdings Limited - Notice of general meeting |
| 04/07/2011 | 16:00 | ABCD02 - Absa Bank Limited - Notice of Expiry and maturity |
| 04/07/2011 | 15:45 | Telkom SA Limited - Appointment of independent non executive director |
| 04/07/2011 | 15:45 | British American Tobacco p.l.c. - Notification of transactions by |
| 04/07/2011 | 15:44 | SACoil Holdings Limited - Dealings in securities |
| 04/07/2011 | 15:25 | Crookes Brothers Limited - No change statement and notice of Annual |
| 04/07/2011 | 15:20 | BIIVU - iVuzi Investments Limited - Listing of Tap Issue |
| 04/07/2011 | 15:18 | Esorfranki Limited - Director`s Dealings |
| 04/07/2011 | 15:00 | BIIND - iNdwa Investments Limited - Listing of Tap Issues |
| 04/07/2011 | 15:00 | Kelly Group Limited - Director`s dealings in securities |
| 04/07/2011 | 15:00 | Platmin Limited - Update: Disruptions at Pilanesburg Platinum Mine |
| 04/07/2011 | 14:46 | Invicta Holdings Limited - Directors Dealing In Securities |
| 04/07/2011 | 14:44 | Cashbuild Limited - Changes to the board of directors |
| 04/07/2011 | 14:39 | RBA Holdings Limited - Withdrawal of cautionary announcement Re - |
| 04/07/2011 | 14:32 | Rockwell Diamonds Incorporated - Rockwell provides a diamond value |
| 04/07/2011 | 14:18 | Oceana Group Limited - Resignation of company secretary and appointment of |
| 04/07/2011 | 14:05 | BIEDC1 - Edcon (Proprietary) Limited - Interest Rate Reset |
| 04/07/2011 | 13:30 | Anglo American plc - Directors` Interests |
| 04/07/2011 | 13:29 | Imuniti Holdings Limited - Dealing in securities by director |
| 04/07/2011 | 13:23 | Ceramic Industries Limited - Results of general meeting |
| 04/07/2011 | 13:11 | Tradehold Limited - Dealing in securities by a director |
| 04/07/2011 | 13:00 | AVI Limited - Voluntary announcement of repurchase of own shares |
| 04/07/2011 | 12:52 | Imuniti Holdings Limited - Change in designated advisor |
| 04/07/2011 | 12:17 | Hardware Warehouse Limited - Dealings in securities by a director |
| 04/07/2011 | 11:25 | ABCD02 - Absa Bank Ltd - The instrument economics have expired as outlined in |
| 04/07/2011 | 11:20 | Adcorp Holdings Limited - Retirement and appointment of a new Company |
| 04/07/2011 | 11:18 | ABTP05 - Absa Bank Ltd - Absa Bank Ltd hereby gives notice of the expiry and |
| 04/07/2011 | 10:44 | DEUT - Deutsche Bank AG - Amendment: Issue of new index equity waves |
| 04/07/2011 | 09:58 | Insimbi - Dealings in securities by directors |
| 04/07/2011 | 09:28 | SA French Limited - Results of Rights Offer |
| 04/07/2011 | 08:39 | First Uranium Corporation - Director Dealing in securities |
| 04/07/2011 | 08:16 | Simmer & Jack Mines, Limited - Change to the board of directors |
| 04/07/2011 | 08:15 | Datatec Limited - Logicalis acquires Detroit IT Service Business Netarx |
| 04/07/2011 | 08:01 | RAFFIN - Newfunds eRAFI(TM) SA Financial 15 Index ETF - De-Listing of 900,000 |
| 04/07/2011 | 08:00 | RAFIND - Newfunds Erafi(Tm) SA Industrial 25 Index ETF - De-Listing of 900,000 |
| 04/07/2011 | 07:10 | British American Tobacco p.l.c.- Transaction in own shares |
| 04/07/2011 | 07:10 | SYN839 - Synthesis Funding Limited - New Financial Instrument Listing |
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