Friday, 15 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.Africa's rand ends weaker, bond market cautious for next week
By Xola Potelwa and Mmathabo Tladi
JOHANNESBURG (Reuters) - The rand fell one percent against the dollar and ended the week at its lowest in two months as investors booked out of risky positions going into the weekend, while bonds were nearly unchanged as dealers tried to neutralise positions for next week's key inflation data and a repo rate decision.
Stocks ended a see-saw session slightly higher, led by Harmony and Truworths after the two companies issued upbeat trading updates while BHP Billiton dropped after unveiling a Petrohawk deal.
The rand gave up 1.2 percent to 6.92 on the day, off a New York close of 6.8380.
"We remain in a risk-off environment. There is a fairly negative undertone, the market doesn't want to go in the weekend holding any risk and hence we've seen a bit of a sell-off in the local currency," said Duncan Howes, a forex trader at Absa Capital.
The currency is likely to try a retest of support at 6.95 against the dollar but until that is breached it should stay below the big 7.0 level.
"For us 6.95 remains key, a break above there could trigger a move up into the 7.05/7.10 area," Duncan Howes added.
The debt market saw thin trade as dealers squared their books for the weekend and wanted neutral positions going into next week's key data.
Yields on the benchmark 2015 government bond ended just one basis point higher at 7.48 percent on Friday.
The market has priced in a no change in the repo rate on Thursday while inflation for June is expected to have quickened.
"Very thin, very quiet on the bond market today with no events. I think all the positioning now is that guys squared their books up so they can go into the data more neutral next week," said a local bond dealer.
HARMONY LED STOCKS HIGHER
The JSE Top-40 blue chip index was 0.24 percent firmer at 28,915.93 and the broader All-share index was up 0.26 at 32,288.43
Traders said next week's reporting season would shed light on the market's medium-term direction.
"Reporting season starts properly next week, people will watch what is going on," said Malcom Moller a trader at Vunani Ltd.
Among equity movers, Harmony was 3.18 percent higher at 98.68 rand after the gold miner said quarterly production likely rose 3 percent.
Truworths added 2.21 percent to 74.10 rand after the clothing retailer said full-year profit likely increased as much as 22 percent.
On the flipside, BHP Billiton gave up 1.24 percent to 260.20 rand on concerns that it may be paying too much for shale gas producer Petrohawk.
Mondi was down 3 percent at 55.62 rand on worries about its growth prospects after the paper maker spun off and separately listed its packaging business.
Fri, 15 Jul 2011
Top News
The National Union of Metalworkers of South Africa denied industry assertions on Friday it had reached a wage deal with steel and engineering firms and said it had not called off its strike. Full story
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Rebel leaders won recognition as the legitimate government of Libya from the United States and other world powers on Friday in a major boost to the rebels' faltering campaign to oust Muammar Gaddafi. Full storyFive million people are at risk of cholera in drought-hit Ethiopia, where acute watery diarrhoea has broken out in crowded, unsanitary conditions, the World Health Organisation (WHO) said on Friday. Full storyThousands of Egyptians packed Cairo's Tahrir Square on Friday, keeping up pressure on the ruling generals to implement reforms more swiftly and to try ousted President Hosni Mubarak and his aides. Full story |
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Markets | U.S. stocks advanced
slightly in volatile trading on Friday after results from the
European banks' stress tests came out slightly better than
expected.. . . Full story | | The euro edged up against the
dollar on Friday after results of European bank stress tests
eased some worries about the outlook for. . . Full story | | Gold rose for a tenth
straight session on Friday, matching a record winning streak
set four decades ago, as fears over debt talks. . . Full story | | European stocks slid on Friday
and posted their biggest weekly loss in four months, with
peripheral European shares knocked lower ahead of the. . . Full story |
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| Britain's top shares edged
lower on Friday, having posted their biggest weekly decline in
four months, as worries about bank stress test results. . . Full story | | European shares drifted lower on
Friday, as investors awaited the results of EU-wide banking
stress tests that may show some smaller players needing. . . Full story | | The Nikkei share average rose on
Friday, buoyed by European investors scooping up cyclical
shares, but was capped by the top of the. . . Full story | | Australian stocks closed 0.4
percent lower on Friday as euro zone debt fears continued to
weigh on the local market and miner BHP. . . Full story |
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SA Business | Employers in South Africa's petroleum sector said on Friday they were ready to resume talks with unions to end a week-long strike that threatened fuel supplied in Africa's biggest economy.. . . Full story | | Harmony Gold said on Friday that its Tshepong mine in South Africa remained shut and that lost production was expected to be 20 to 25 kgs of gold per day.. . . Full story | | South Africa's rand weakened against the dollar on Friday as investors shied away from risky assets ahead of stress tests on European banks, while worries about U.S. credit ratings also cast. . . Full story |
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| Harmony Gold, South Africa's third largest gold miner, said on Friday output for the April-June quarter would likely be three percent higher than the 317,000 ounces produced in the previous one despite days lost to public holidays.. . . Full story | | Some 2,000 workers at Pioneer Food Group's Sasko Grain unit downed tools on this week, the Food and Allied Workers Union said on Friday, escalating nation-wide strikes in Africa's biggest economy.. . . Full story |
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Company News | Notice is hereby given that the Annual General Meeting of ACTOWERS' shareholders will be held on Wednesday 17 August 2011 at. . . Full story | | Shareholders of Absa Group and Absa Bank are advised that the financial results for the six months ended 30 June 2011. . . Full story | | Shareholders are advised that at the annual general meeting of MICROmega held at 10:00 on Friday, 15 July 2011, all the. . . Full story | | Altron shareholders were advised that the results of the business conducted at the annual general meeting held on Friday, 15 July. . . Full story |
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| Shareholders are advised that DRDGOLD expects its group gold production for the year ended 30 June 2011 (FY2011) to be about 10% higher than in the previous year, at around 265. . . Full story | | Further to the SENS announcement dated 25 March 2011, the board of directors of Trustco informed shareholders that Mrs. J Bazuin has been appointed as company secretary effective from 14 July. . . Full story | | Business Day reported that Wesizwe has embarked on an early-stage study with its neighbour, Canada's Platinum Group Metals ("PTM") about building a concentrator to serve both of their projects. Projects executive,. . . Full story |
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Company Results | Rental income for the quarter amounted to EUR439 969 (May 2010: EUR407 743) and results from operating activities showed a profit of EUR211 386 (May 2010: Loss of EUR236 473). A net attributable profit of EUR45 512 (May 2010: Loss of EUR432 823) was made and the earnings per share was EUR0.2cps (May 2010: Loss per share of EUR2.8cps)
Dividend
Dividend of EUR2.14cps was declared.The establishment of a regular dividend payment cycle is evidence of the company's solid progress. The decl. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 32288.43 | 84.49 | 0.26% | JSE Top 40 | 17:00 | 28915.93 | 68.46 | 0.24% | JSE Gold | 17:00 | 2570.20 | 50.93 | 2.02% | JSE Financial | 17:00 | 21785.23 | 23.92 | 0.11% | JSE Industrial | 17:00 | 33947.45 | 226.17 | 0.67% | JSE Indust 25 | 17:00 | 28557.21 | 200.46 | 0.71% | JSE Resource | 17:00 | 53774.88 | -112.33 | -0.21% | DJ Futures | 20:00 | 12390.00 | 3.00 | 0.02% | DJ Ind | 19:35 | 12438.40 | 1.28 | 0.01% | SP 500 | 19:56 | 1310.84 | 1.97 | 0.15% | Nasdaq | 19:56 | 2779.92 | 17.25 | 0.62% | FTSE 100 | 17:35 | 5843.66 | -3.29 | -0.06% | DAX | 17:56 | 7220.12 | 5.38 | 0.07% | CAC40 | 17:40 | 3726.59 | -24.64 | -0.66% | Nikkei | 08:32 | 9974.47 | 38.35 | 0.39% | Shanghai | 09:26 | 2820.17 | 9.73 | 0.35% | Hang-Seng | 10:22 | 21875.38 | -64.82 | -0.30% | All Ords | 08:38 | 4542.70 | -18.60 | -0.41% | NZSE 50 | 07:26 | 3406.38 | -3.17 | -0.09% |
| | Name | Time | RP | Move | % Move | Gold | 19:59 | 1590.78 | 3.60 | 0.23% | Gold/Rand | 20:00 | 10981.63 | 133.83 | 1.23% | Gold/R kg | 20:00 | 353059 | 3662 | 1.05% | Silver | 19:59 | 39.0410 | .9210 | 2.42% | Platinum | 19:59 | 1749.00 | -11.80 | -0.67% | Palladium | 19:59 | 779.00 | 2.50 | 0.32% | R157 | 16:06 | 7.48 | .01 | 0.13% | R204 | 16:06 | 8.26 | .01 | 0.12% | Brent Crude | 19:56 | 117.17 | .72 | 0.62% | Rand / Dollar | 19:59 | 6.9033 | 0.0681 | 1.00% | Rand / Pound | 19:59 | 11.1076 | 0.1060 | 0.96% | Rand / Euro | 19:59 | 9.7653 | 0.0957 | 0.99% | Rand / NZD | 19:59 | 5.8330 | 0.0751 | 1.30% | Rand / AUD | 19:59 | 7.3498 | 0.0183 | 0.25% | Yen / Dollar | 19:59 | 78.9800 | -0.1400 | -0.18% | Euro / Dollar | 19:59 | 0.7068 | -0.0001 | -0.01% | Dollar / Euro | 19:59 | 1.4145 | 0.0001 | 0.01% | Pound / Dollar | 19:59 | 0.6195 | 0.0003 | 0.05% |
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The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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15/07/2011 | 196 | 131 | 78 | 405 | 286,101,528 | R11,859,925,617 | 80609 | 1783025 | 14/07/2011 | 158 | 166 | 91 | 415 | 283,008,846 | R11,604,389,400 | 84511 | 1838582 | 13/07/2011 | 237 | 110 | 72 | 419 | 269,408,818 | R12,555,946,028 | 92043 | 1973809 | 12/07/2011 | 172 | 161 | 74 | 407 | 338,158,919 | R13,691,989,541 | 96990 | 2027828 | 11/07/2011 | 128 | 193 | 84 | 405 | 235,575,632 | R10,118,600,011 | 84227 | 1673883 |
Index Summary Index Name | RP | Move | % Move | Top 40 | 28,915.93 | 68.46 | 0.24% | Industrial | 33,947.45 | 226.17 | 0.67% | Mid Cap | 42,868.21 | 173.24 | 0.41% | Small Cap | 32,611.00 | 105.11 | 0.32% | Resource 20 | 53,774.88 | -112.33 | -0.21% | Industrial 25 | 28,557.21 | 200.46 | 0.71% | Financial 15 | 8,191.04 | 9.70 | 0.12% | Financial & Ind. 30 | 31,564.68 | 167.46 | 0.53% | All Share | 32,288.43 | 84.49 | 0.26% | Oil & Gas | 27,231.18 | 248.20 | 0.92% | Mining | 35,287.49 | -97.39 | -0.28% | Gold Mining | 2,570.20 | 50.93 | 2.02% | Platinum Mining | 67.22 | -.06 | -0.09% | Oil & Gas Producers | 14,641.70 | 133.45 | 0.92% | Basic Materials | 29,997.35 | -83.31 | -0.28% | Chemicals | 14,208.89 | 31.14 | 0.22% | Forestry & Paper | 14,766.12 | -345.89 | -2.29% | Industrial Metals | 30,980.12 | 295.32 | 0.96% | Industrials | 28,917.89 | 109.99 | 0.38% | General Industrials | 79,633.27 | 343.58 | 0.43% | Consumer Goods | 28,475.63 | 86.15 | 0.30% | Automobiles & Parts | 3,759.00 | 133.60 | 3.69% | Household Goods | 148.08 | -1 | -0.85% | Health Care | 33,410.45 | 349.35 | 1.06% | Beverages | 88.30 | .79 | 0.90% | Food Producers | 49,808.29 | 481.80 | 0.98% |
| | Index Name | RP | Move | % Move | Personal Goods | 452.94 | -2.50 | -0.55% | Consumer Services | 54,357.93 | 876.26 | 1.64% | General Retailers | 42,724.30 | 429.29 | 1.01% | Travel & Leisure | 3,775.95 | 10.29 | 0.27% | Media | 85.10 | 2.34 | 2.83% | Support Services | 2,404.68 | 14.64 | 0.61% | Telecommunications | 70,955.75 | 580.01 | 0.82% | Financials | 21,785.23 | 23.92 | 0.11% | Banks | 40,482.68 | -74.24 | -0.18% | Non-life Insurance | 31,766.31 | .00 | 0.00% | Life Insurance | 16,103.91 | 92.42 | 0.58% | General Financial | 2,326.71 | 7.33 | 0.32% | Technology | 23,226.48 | 24.76 | 0.11% | SHARIAH TOP40 | 3,175.40 | 1 | 0.03% | FTSE/JSE SHARIAH ALL | 3,239.71 | 2 | 0.06% | COAL MINING | 24,010.32 | 476 | 2.02% | FTSE JSE Fledgling | 4,599.56 | -7 | -0.16% | FTSE/JSE Alt X | 1,153.26 | 0 | 0.02% | SA LISTED PROPERTY | 386.33 | | 0.17% | CAPPED PROPERTY | 318.22 | | 0.08% | RESOURCE | 29,727.30 | -35 | -0.12% | DIVIDEND PLUS | 172.10 | 1 | 0.54% | FTSE/JSE RAFI 40 | 6,709.64 | 5 | 0.07% | Capped Top 40 | 15,125.02 | 54 | 0.36% | Capped All Share | 16,284.42 | 51 | 0.31% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | NED | NEDBANK GROUP LTD | SELL | 13 Jul | SBK | STANDARD BANK GROUP LIMIT... | SELL | 13 Jul | AIP | ADCOCK INGRAM HLGS LD | HOLD | 13 Jul | LHC | LIFE HEALTHCARE GRP HLDG ... | BUY | 13 Jul | EQS | EQSTRA HOLDINGS LTD | HOLD | 13 Jul |
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Results Expected** Expected | Company Name | Fin. Date | 19 Jul 2011 | FOORD | June 2011 (Interim) | 19 Jul 2011 | FOORDCMPS | June 2011 (Interim) | 19 Jul 2011 | FOORDDP | June 2011 (Interim) | 19 Jul 2011 | FOORDPP | June 2011 (Interim) | 20 Jul 2011 | ELLIES | April 2011 (Final) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | REUNERT5.5 | 11-07-11 | 11-07-22 | 11-08-01 | R 0.0550 | HUDACO | 11-06-29 | 11-08-12 | 11-08-22 | R 1.3000 | NASPERS-N | 11-06-27 | 11-09-16 | 11-09-26 | R 2.7000 | NAMPAK 6.5 | 11-06-23 | 11-07-22 | 11-08-01 | R 0.0650 | AVUSA | 11-06-23 | 11-07-22 | 11-08-01 | R 0.8500 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | LEWIS | 11-05-23 | 11-07-15 | 11-07-25 | R 2.0700 | TONGAAT | 11-05-30 | 11-07-08 | 11-07-21 | R 1.4000 | ADCORP | 11-05-25 | 11-07-08 | 11-07-18 | R 1.2100 | PERGRIN | 11-06-01 | 11-07-15 | 11-07-25 | R 0.3500 | NETCARE | 11-05-16 | 11-07-15 | 11-07-25 | R 0.2200 |
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Upcoming AGMs** Code | Company Name | Date | Status | MMG | MICROmega Holdings Ltd | 15/07/2011 | Confirmed | ATN | Allied Electronics Corporation Ltd | 15/07/2011 | Confirmed | ATNP | Allied Electronics Corporation Ltd | 15/07/2011 | Confirmed | ILV | Illovo Sugar Ltd | 19/07/2011 | Confirmed | BEL | Bell Equipment Ltd | 19/07/2011 | Confirmed |
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