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Tuesday, 05 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 rand recovers, Metorex leads bourse higher
By Tiisetso Motsoeneng and Stella Mapenzauswa
JOHANNESBURG (Reuters) - The South African rand recovered from early losses against the dollar on Tuesday while government bond yields were flat to higher after a weekly auction pointed to better demand at the longer end of the yield curve.
Stocks rose, extending gains to a seventh consecutive day, with Metorex in the spotlight after China's Jinchuan bid $1.3 billion for the copper miner.
The rand initially fell to a session low of 6.7645 against the dollar before coming back to 6.7260 by 1622 GMT, just 0.06 percent softer than Monday's close at 6.7220.
"Euro/rand has been at quite reasonable levels over the last couple of weeks, under 9.75 and with dollar/rand close to the bottom of the range (6.70) we've had good importer demand locally against good offshore demand for rand," said Jim Bryson, a trader at RMB.
The Metorex news would boost sentiment on the rand, although it was not yet clear if foreign exchange would flow directly into the market should the deal succeed, he said.
"We haven't really seen any of these inflows apparently hit the market (from previous deals), so you would expect that to be the case with this as well, although I get the impression the SARB (South African Reserve Bank) takes them on a case-by-case basis," Bryson said.
Metorex topped the gainers' list on the bourse after news of Jinchuan's offer -- which trumps Brazilian giant Vale's offer by 21 percent -- sent shares in the miner surging 7.96 percent to 8.46 rand.
Technology group EOH Holdings jumped 6.44 percent to 20.65 rand after the company said it would buy Internet technology company TSS Managed Services for 130 million rand.
The JSE Top-40 index of blue chips edged up 0.56 percent to 28,899.23 and the broader All-share index added 0.55 percent to 32,254.24.
The stock market's gains extended a rally that began at the start of the month in what traders said was a continued recovery from oversold levels.
"The market was deeply oversold. We needed something last week to kick-start the recovery and it came in the form of Greek austerity measures," one trader said.
The Greek parliament's approval last week of new austerity measures which should help the country tackle its debt crisis have reduced the immediate threat of a Greek debt default and boosted global demand for riskier assets including South African assets, although persistent concerns about the Greek situation still weigh on markets.
Against the trend, Group Five dropped 0.85 percent to 30.20 rand on Tuesday after the construction firm forecast lower full-year profits.
Government bonds closed little changed from previous levels, with the yield on the benchmark 2015 bond flat at 7.49 percent while that on the longer-dated 2036 added 2 basis points to 8.595 percent.
Tue, 05 Jul 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-07-05T132716Z_01_AJOE76411DI00_RTROPTP_3_OZABS-GROUPFIVE-20110705.JPG "Workers are seen at the construction site of the Peter Mokaba stadium in Polokwane") South Africa's Group Five said on Tuesday it expected its full-year earnings to fall sharply as the global construction sector struggles, sending its share price sharply lower. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-07-05T133153Z_01_AJOE76411L700_RTROPTP_3_OZABS-PETROSA-KOREA-20110705.JPG "An attendant holds a petrol nozzle at a petrol pump in Siliguri") South Africa's national oil company PetroSA and its South Korean counterpart will explore investment opportunities in the oil and gas sector across Africa, the two companies said on Tuesday. Full story |
 Venezuela's President Hugo Chavez celebrated his nation's 200th anniversary of independence on Tuesday after a triumphant return from cancer surgery in Cuba that has left him weakened but defiant. Full story  Dominique Strauss-Kahn was hit with a fresh complaint of attempted rape in France on Tuesday, a new hurdle to any political comeback, even though U.S. sex assault charges against him may be lifted this month. Full story  Beleaguered Japanese Prime Minister Naoto Kan took another blow Tuesday when his reconstruction minister resigned after barely a week in the job over criticism for remarks that offended victims of the March earthquake and tsunami. Full story |
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Markets |
World stocks hit a 4-1/2 week
high on Monday as investors grew confident over global economic
prospects after Greece avoided an early debt. . . Full story |
European shares inched higher in
thin volume on Tuesday, rising for the seventh straight session,
with French retailer Carrefour leading the gainers after. . . Full story |
Britain's FTSE 100 rose for an
eighth straight trading day on Tuesday, as earnings hopes lifted
Tullow Oil and bid talk boosted Reckitt. . . Full story |
World stocks fell from
five-week highs on Tuesday, while the euro dropped broadly as
concerns about further monetary tightening in China and soft
euro-zone. . . Full story | |||
Wall Street consolidated on
Tuesday after its best week in two years with choppy,
low-volume trading seen during the rest of the summer.. . . Full story |
Gold prices rose more than 1
percent on Tuesday as risk aversion returned to the financial
markets, stoked by concerns over the outlook. . . Full story |
The Nikkei stock average eked out
a tiny gain on Tuesday, extending its rally to a sixth session
and hitting a fresh two-month. . . Full story |
Spot gold edged down on
Tuesday, under the weight of a stronger dollar as a short
squeeze boosted the greenback, and a weak. . . Full story | ||||
SA Business |
South Africa exported 12,536 tonnes of white maize last week, sharply down from 85,960 tonnes in the previous week, the South. . . Full story |
South Africa's business confidence index rose by one index point to 86.8 points in June from 85.8 in May, the South. . . Full story |
Gold Fields, the world's fourth largest gold producer, said on Tuesday its production in the second quarter would likely rise five. . . Full story |
The rand was slightly weaker against the dollar during early Tuesday trade, undoing six sessions of gains as it failed to. . . Full story | |||
South African miner Metorex said on Tuesday it had received a $1.32 billion offer from China's Jinchuan Group, trumping a bid. . . Full story | South Africa's weekly debt auction drew better demand at the longer end of the yield curve on Tuesday on foreign buying.. . . Full story | Ghana joined the club of
oil-producing nations in December and is getting used to its new
status as a low-middle-income country coveted by. . . Full story | Questions over the transparency
of the government of Angola's entrenched President Jose Eduardo
dos Santos are worrying investors in one of the continent's
largest. . . Full story |
South Africa's President
Jacob Zuma has been battered by leftist allies for what they see
as a pro-business bias, raising risks to his leadership and
signalling possible shifts in economic policies.. . . Full story | A stretch of West Africa's coast
spanning more than a dozen countries, the Gulf of Guinea is a
growing source of oil, cocoa and metals to world markets.. . . Full story |
Company News |
Notice was given that the general meeting of Optimum shareholders will be held at Unit B1003, First Floor, Marlborough Gate, Hyde. . . Full story |
Morvest shareholders are advised that for the 12 month period ended 31 May 2011 the company expects:. . . Full story |
Shareholders are advised that the audited annual financial statements for the year ended 28 February 2011 posted on 5 July 2011. . . Full story |
The JSE advised that the auditor's reviewed report on the above company's provisional results for the year ended 28 February 2011. . . Full story | |||
Shareholders are referred to the reviewed results announcement for the year ended 28 February 2011 dated 30 June 2011, which advised that the reviewed results were qualified by the auditors and details of which were set out in the said announcement.. . . Full story |
FirstRand undertook to investigate and report back to shareholders on the events preceding the early release of the group's interim results on 7th March 2011. In addition to its own internal review process and to ensure absolute rigour and transparency, FirstRand. . . Full story | ||||||
World Markets (Spot Prices)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 05/07/2011 | 212 | 129 | 74 | 415 | 262,304,751 | R10,924,490,943 | 89611 | 1557205 |
| 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 |
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Index Summary
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Stock Exchange News Service
| Date | Time | Headline |
| 05/07/2011 | 17:26 | Bauba Platinum Limited - Bauba Platinum successfully raises R50 million to |
| 05/07/2011 | 17:24 | Metmar Limited - Dealings in securities by a director |
| 05/07/2011 | 17:15 | Beige Holdings Limited - Dealings in securities by directors |
| 05/07/2011 | 17:15 | Invicta Holdings Limited - Announcement regarding granting and acceptance |
| 05/07/2011 | 17:00 | Basil Read Holdings Limited - Additional information in respect of |
| 05/07/2011 | 16:00 | Optimum Coal Holdings Limited - Notice of general meeting |
| 05/07/2011 | 15:51 | MNDNIF - Nedbank - Adjustment to the terms and conditions of Nedbank Mondi |
| 05/07/2011 | 15:34 | Cargo Carriers Limited - Posting of Notice of Annual General Meeting and |
| 05/07/2011 | 15:13 | IFA Hotels & Resorts Limited - Further cautionary announcement |
| 05/07/2011 | 15:09 | Metorex Limited - Joint announcement of a firm intention by Jinchuan to |
| 05/07/2011 | 14:38 | BSI Steel Limited - Dealing in securities by a director |
| 05/07/2011 | 14:33 | Morvest Business Group Limited - Trading Update |
| 05/07/2011 | 14:20 | Omnia Holdings Limited - Dealing in securities |
| 05/07/2011 | 14:04 | Bauba Platinum Limited - Changes to the board of directors |
| 05/07/2011 | 13:58 | Hwange Colliery Company Limited - Postponment of Annual General Meeting |
| 05/07/2011 | 13:48 | CLN000185 - The Standard Bank of South Africa Limited - New financial instrument |
| 05/07/2011 | 13:45 | Sea Kay Holdings Limited - Dealing in the company`s shares |
| 05/07/2011 | 12:54 | Afrimat - No change statement and notice of Annual General Meeting |
| 05/07/2011 | 12:51 | Group Five Limited - Trading update |
| 05/07/2011 | 12:00 | IFCA Technologies Limited - Change to the board of directors |
| 05/07/2011 | 11:26 | ABN36 - Absa Bank Limited - New Financial Instrument Listing |
| 05/07/2011 | 11:25 | BAW6 - Barloworld Limited - Interest Rate Reset: BAW6 |
| 05/07/2011 | 11:24 | BAW3 - Barloworld Limited - Interest Rate Reset: BAW3 |
| 05/07/2011 | 10:51 | RGT Smart Market Intelligence Limited - Dealings in securities by |
| 05/07/2011 | 10:12 | Gold Fields Limited - Gold Fields guidance for June 2011 quarter |
| 05/07/2011 | 10:07 | DEUT - Deutsche Bank AG - Issue of new ETN`s |
| 05/07/2011 | 09:48 | GEN - General - PNG - Qualified review opinion and emphasis of matter |
| 05/07/2011 | 09:38 | Allied Technologies Limited - Notice of share dealing |
| 05/07/2011 | 09:19 | Pinnacle Point Group Limited - Clarification announcement in relation to |
| 05/07/2011 | 08:58 | GEN - GENERAL - ZCI Limited - Emphasis of matter |
| 05/07/2011 | 08:30 | FSR/FSRP - FirstRand Limited - Early release of Firstrand`s interim results |
| 05/07/2011 | 08:30 | GEN - General - Early release of Firstrand`s Interim Results |
| 05/07/2011 | 08:23 | EOH Holdings Limited - Acquisition of TSS Managed Services |
| 05/07/2011 | 08:00 | STX40 - SATRIX 40 - Listing of additional Satrix 40 securities |
| 05/07/2011 | 07:55 | BIPS40 - Bips Top 40 - Changes to the board of directors |
| 05/07/2011 | 07:54 | BIPINF - Bips Government Inflation Linked Bond Fund - Changes to the board of |
| 05/07/2011 | 07:10 | British American Tobacco p.l.c.- Transaction in own shares |
| 05/07/2011 | 07:05 | Grand Parade Investments Limited - Acceptance of options offered by the |
| 05/07/2011 | 07:05 | ESPIBT - Investec Bank Limited - Issue of Equity Structured Products (ESP) |
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