Having trouble reading this email? View in your web browser
 The Sharenet Daily 
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
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.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 2011
Top News
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

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
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)
NameTimeRPMove% Move
JSE Overall17:0032254.24176.450.55%
JSE Top 4017:0028899.23162.260.56%
JSE Gold17:002321.59-11.62-0.50%
JSE Financial17:0021952.27235.891.09%
JSE Industrial17:0033666.89315.590.95%
JSE Indust 2517:0028298.18291.821.04%
JSE Resource17:0054093.68-77.83-0.14%
DJ Futures19:4012520.00-14.00-0.11%
DJ Ind19:3512581.26-1.51-0.01%
SP 50019:561340.200.530.04%
FTSE 10017:356024.036.490.11%
All Ords08:374656.90-13.50-0.29%
NZSE 5007:263473.59-4.90-0.14%
NameTimeRPMove% Move
Gold/R kg20:0032690539371.22%
Brent Crude19:56114.132.892.60%
Rand / Dollar19:586.72450.01160.17%
Rand / Pound19:5810.78450.00770.07%
Rand / Euro19:589.7404-0.0278-0.28%
Rand / NZD19:585.5713-0.0195-0.35%
Rand / AUD19:587.2065-0.0138-0.19%
Yen / Dollar19:5681.09000.39000.48%
Euro / Dollar19:580.69040.00260.38%
Dollar / Euro19:581.4485-0.0056-0.39%
Pound / Dollar19:580.62150.00030.05%

Click here for the Sharenet Spot Price page
The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 DELRAND  480410585.71.%521
2 PARACON  2052010.81.%96900
3 WINHOLD  180148.43.%223050
4 IQUAD  260208.33.%1000
5 EOH  20651256.44.%81947
6 CBH  485194.08.%2500
7 JUBILEE  23993.91.%91302
8 CAPCO  2200753.53.%504020
9 EHSV  48741493.15.%112671
10 TRENCOR  35511012.93.%72703
11 EQSTRA  715202.88.%253826
12 MMI-HLDGS  1740452.65.%1188854
13 RICHEMONT  45121122.55.%9638400
14 DRDGOLD  33282.47.%146292
15 TRUWTHS  74801702.33.%887592
16 INVLTD  57361272.26.%1189904
17 MASSMART  145503002.11.%358615
18 AVUSA  2450502.08.%64992
19 OCEANA  3624732.06.%552
20 WBHO  112742242.03.%56142

Click here for more Major Moves...
Major Moves Down
SharenameSaleMove% MoveVolume
1 TELEMASTR  140-20-12.50.%4000
2 GOLIATH  270-30-10.00.%6000
3 DIGICOR  321-29-8.29.%130000
4 RAINBOW  1722-77-4.28.%7493
5 ANOORAQ  450-19-4.05.%20917
6 DAWN  625-25-3.85.%300
7 HOWDEN  1350-50-3.57.%34081
8 BELL  1450-50-3.33.%4742
9 ESORFRANK  199-6-2.93.%249051
10 VERIMARK  163-4-2.40.%108532
11 ELBGROUP  2100-50-2.33.%1500
12 IMPERIAL  12251-274-2.19.%666838
13 GOLDREEF  1650-35-2.08.%19509
14 KELLY  401-8-1.96.%16470
15 PUTPROP  510-10-1.92.%54175
16 SOVFOOD  530-10-1.85.%30025
17 GFIELDS  9700-174-1.76.%2509293
18 CAPEVIN  8400-150-1.75.%1319
19 NORTHAM  4100-71-1.70.%1269404
20 CADIZ  320-5-1.54.%77090

Click here for more Major Moves...

New Highs
SharenameSaleHighMove% MoveVolume
1 DELRAND  4802000410585.71.%521
2 PARACON  2052052010.81.%96900
3 EOH  206521511256.44.%81947
4 CAPCO  22002200753.53.%504020
5 LEWIS  880089001671.93.%643019
6 MONDIPLCP  708671231311.88.%636009
7 MTN  14694147362141.48.%5642357
8 MONDILTDP  697969791001.45.%157848
9 TIGBRANDS  20298203352381.19.%271856
10 WOOLIES  30613061311.02.%911952
11 ASSORE  22650228992000.89.%70615
12 ZURICHSA  210052100550.02.%34
13 A-V-I  32193275-6-0.19.%279129

Click here for more Major Moves...
New Lows
SharenameSaleLowMove% MoveVolume

Click here for more Major Moves...

Index Summary
Index NameRPMove% Move
Top 4028,899.23162.260.56%
Mid Cap42,748.72208.580.49%
Small Cap32,318.61116.520.36%
Resource 2054,093.68-77.83-0.14%
Industrial 2528,298.18291.821.04%
Financial 158,284.7797.481.19%
Financial & Ind. 3031,463.82350.291.13%
All Share32,254.24176.450.55%
Oil & Gas 27,257.39-73.59-0.27%
Mining 35,389.90-48.16-0.14%
Gold Mining2,321.59-11.62-0.50%
Platinum Mining68.99-.47-0.68%
Oil & Gas Producers 14,655.80-39.56-0.27%
Basic Materials 30,067.75-15.66-0.05%
Chemicals 14,178.7259.710.42%
Forestry & Paper 15,108.57187.471.26%
Industrial Metals 30,315.35163.660.54%
Industrials 28,465.79100.680.35%
General Industrials 77,792.64639.030.83%
Consumer Goods 28,012.22447.631.62%
Automobiles & Parts 3,453.30-2.26-0.07%
Household Goods150.0510.60%
Health Care 33,669.74152.280.45%
Beverages 85.861.151.36%
Food Producers 49,025.16218.170.45%
Index NameRPMove% Move
Personal Goods 450.6411.182.54%
Consumer Services 54,284.65167.500.31%
General Retailers 42,598.62473.571.12%
Travel & Leisure 3,742.655.120.14%
Media 84.59-.61-0.72%
Support Services 2,426.58-5.50-0.23%
Telecommunications 70,948.41739.741.05%
Financials 21,952.27235.891.09%
Banks 41,077.55492.571.21%
Non-life Insurance 31,766.3124.250.08%
Life Insurance 16,172.58192.691.21%
General Financial 2,308.9823.411.02%
Technology 22,382.92198.540.89%
SHARIAH TOP40 3,175.1130.09%
FTSE/JSE SHARIAH ALL3,239.8240.12%
COAL MINING23,551.333581.54%
FTSE JSE Fledgling 4,677.6140.09%
FTSE/JSE Alt X 1,075.8710.13%
RESOURCE 29,805.83-46-0.15%
DIVIDEND PLUS170.4710.84%
FTSE/JSE RAFI 406,745.96420.62%
Capped Top 4015,081.811761.18%
Capped All Share16,253.691691.05%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
13 Jul 2011AQUARIUSJune 2011 (Q)
13 Jul 2011AQUARIUSCVTJune 2011 (Q)
15 Jul 2011ROCKWELLMay 2011 (Q)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
BEIGE11-06-3011-07-1511-07-25R 0.0015
NICTUS11-06-3011-07-1511-07-25R 0.0950
HUDACO11-06-2911-08-1211-08-22R 1.3000
PRIMESERV11-06-2911-07-1511-07-25R 0.0250
AMECOR11-06-2911-07-1511-07-25R 0.0800
Ex Div**
Share NameDec-DateLDTPay-DateAmount
TFG11-05-2611-07-0111-07-11R 2.1200
TELKOM11-06-1311-07-0111-07-11R 1.4500
INVICTA11-06-0111-07-0111-07-11R 1.2600
CROOKES11-05-3111-07-0111-07-11R 0.6500
ILLOVO11-05-3011-07-0111-07-11R 0.3400

Upcoming AGMs**
CodeCompany NameDateStatus
VMKVerimark Holdings Ltd08/07/2011Unconfirmed
STAStratCorp Ltd08/07/2011Confirmed
SPASpanjaard Ltd08/07/2011Confirmed

Stock Exchange News Service
05/07/201117:26 Bauba Platinum Limited - Bauba Platinum successfully raises R50 million to
05/07/201117:24 Metmar Limited - Dealings in securities by a director
05/07/201117:15 Beige Holdings Limited - Dealings in securities by directors
05/07/201117:15 Invicta Holdings Limited - Announcement regarding granting and acceptance
05/07/201117:00 Basil Read Holdings Limited - Additional information in respect of
05/07/201116:00 Optimum Coal Holdings Limited - Notice of general meeting
05/07/201115:51MNDNIF - Nedbank - Adjustment to the terms and conditions of Nedbank Mondi
05/07/201115:34 Cargo Carriers Limited - Posting of Notice of Annual General Meeting and
05/07/201115:13 IFA Hotels & Resorts Limited - Further cautionary announcement
05/07/201115:09 Metorex Limited - Joint announcement of a firm intention by Jinchuan to
05/07/201114:38 BSI Steel Limited - Dealing in securities by a director
05/07/201114:33 Morvest Business Group Limited - Trading Update
05/07/201114:20 Omnia Holdings Limited - Dealing in securities
05/07/201114:04 Bauba Platinum Limited - Changes to the board of directors
05/07/201113:58 Hwange Colliery Company Limited - Postponment of Annual General Meeting
05/07/201113:48CLN000185 - The Standard Bank of South Africa Limited - New financial instrument
05/07/201113:45 Sea Kay Holdings Limited - Dealing in the company`s shares
05/07/201112:54 Afrimat - No change statement and notice of Annual General Meeting
05/07/201112:51 Group Five Limited - Trading update
05/07/201112:00 IFCA Technologies Limited - Change to the board of directors
05/07/201111:26ABN36 - Absa Bank Limited - New Financial Instrument Listing
05/07/201111:25BAW6 - Barloworld Limited - Interest Rate Reset: BAW6
05/07/201111:24BAW3 - Barloworld Limited - Interest Rate Reset: BAW3
05/07/201110:51 RGT Smart Market Intelligence Limited - Dealings in securities by
05/07/201110:12 Gold Fields Limited - Gold Fields guidance for June 2011 quarter
05/07/201110:07DEUT - Deutsche Bank AG - Issue of new ETN`s
05/07/201109:48GEN - General - PNG - Qualified review opinion and emphasis of matter
05/07/201109:38 Allied Technologies Limited - Notice of share dealing
05/07/201109:19 Pinnacle Point Group Limited - Clarification announcement in relation to
05/07/201108:58GEN - GENERAL - ZCI Limited - Emphasis of matter
05/07/201108:30FSR/FSRP - FirstRand Limited - Early release of Firstrand`s interim results
05/07/201108:30GEN - General - Early release of Firstrand`s Interim Results
05/07/201108:23 EOH Holdings Limited - Acquisition of TSS Managed Services
05/07/201108:00STX40 - SATRIX 40 - Listing of additional Satrix 40 securities
05/07/201107:55BIPS40 - Bips Top 40 - Changes to the board of directors
05/07/201107:54BIPINF - Bips Government Inflation Linked Bond Fund - Changes to the board of
05/07/201107:10 British American Tobacco p.l.c.- Transaction in own shares
05/07/201107:05 Grand Parade Investments Limited - Acceptance of options offered by the
05/07/201107:05ESPIBT - Investec Bank Limited - Issue of Equity Structured Products (ESP)

Click here for more SENS news