 |
Thursday, 28 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
Strikes weigh on S.Africa's shares; bonds, rand weaken
By Mmathabo Tladi and Phumza Macanda
JOHANNESBURG (Reuters) - South Africa's rand slipped on Thursday after posting strong gains this week, while bond prices fell on concerns over the U.S. debt standoff and stocks fell for the fourth straight day.
Mining stocks fell as unions went on strike, helping drag down the resource-heavy Top-40 index of blue chips by 0.52 percent to 28,099.81. The All-Share index fell 0.47 percent to 31,446.39.
Investors were loathe to hang on to long high-risk assets before U.S. lawmakers vote on a deficit-reduction plan aimed at averting the threat of a default, which has unsettled markets.
Local data showing unemployment rose in the third quarter added to the negative sentiment, highlighting a challenge that could stoke social instability in future.
The rand was trading at 6.7030 to the dollar at 1525 GMT, 0.3 percent weaker than Wednesday's New York close of 6.6820. It hit a fresh two-moth high of 6.6250 earlier.
"We have that U.S. vote tonight so the market is a little gun-shy," said Warrick Butler, dealer at Standard Bank.
"We've seen a lot of local demand for dollars as well as real money selling off bonds, so we had another move up to 6.7150. The market is nervous so there's a lot of off-loading because we've had a good run for some time."
Offshore investment into local bonds has helped to support the rand and it is one of the top three performers so far this year amongst emerging market currencies tracked by Reuters.
Bonds weakened slightly on Thursday, with the yield on the 2015 bond up a basis point to 7.37 and that on the 2026 paper ticking up by the same margin to 8.515 percent.
The break of 7.36 percent on the 2015 bond opens up for 7.20 percent in the weeks to come, said market researchers Tradition Analytics in a note.
"Momentum on the monthly R157 yield chart remains bullish and a test of 7.05 is possible in H2 2011, particularly as the domestic economy continues to under perform peers and price inflation doesn't gain meaningful traction."
Monetary policy is expected to remain accommodative for the rest of this year and interest rates are seen starting to rise from 30-year lows early next year.
On the bourse, falling gold prices hammered listed producers such as AngloGold Ashanti.
"The gold price pulled back quite a bit, the rand is stronger, strikes are having negative factor," said Mitchell Gannaway, a trader at Thebe Securities.
"Mining companies haven't been benefiting as they should from the record gold price."
Global bullion prices have fallen to just above $1,600 an ounce, after hitting a record $1,628 on Wednesday.
Some 100,000 workers at AngloGold, Gold Fields, Harmony Gold and another smaller mining group plan to walk off the job. The work stoppage could cost the sector some $25 million a day in lost output.
AngloGold and Harmony Gold slid 3 percent each to 281.11 and 91.19 rand respectively.
Gannaway said the prolonged debt stalemate in the United States was also weighing on sentiment.
"The longer it goes on before the deadline, (the more) markets will be nervous," he said.
Thu, 28 Jul 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-07-28T093355Z_01_AJOE76R0QKM00_RTROPTP_3_OZABS-SAFRICA-STRIKES-20110728.JPG "Mine workers emerge from the pithead at the Harmony Gold mine in Carletonville") Some 100,000 South African gold miners went on strike on Thursday, but fuel workers ended a stoppage that had slowed commerce and caused panic buying. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-07-28T063826Z_01_AJOE76R0IG500_RTROPTP_3_OZABS-SAFRICA-WALMART-20110728.JPG "A shopper leaves the Game store in South Gate mall south of Johannesburg") South Africa's government wants Wal-Mart Stores to boost a fund for local suppliers to $75 million from a planned $15 million, Business Report newspaper said on Thursday, citing an unnamed government source. Full story |
 Rebels in Libya's Western Mountains launched an offensive against Muammar Gaddafi's troops on Thursday and the opposition won diplomatic recognition from Portugal, which joined some 30 states to have made such a move. Full story  Chinese Premier Wen Jiabao Thursday vowed a thorough and transparent probe into last week's train crash that killed at least 39 people, visiting the crash site in a bid to calm public outrage at the government's handling of the disaster. Full story  Norwegian police on Thursday ended a six-day search for bodies on the island where Anders Behring Breivik shot dead 68 people, and said they were increasingly certain he acted alone. Full story |
|
Markets |
Wall Street gained momentum
on Thursday, with the Nasdaq up about 1 percent before a key
vote in Congress on a plan to. . . Full story |
U.S. stocks gained and the
dollar rose on Thursday after better-than-expected housing and
jobs data overshadowed concern over the U.S. debt debacle.. . . Full story |
Heavyweight commodity stocks led
Britain's top share index lower on Thursday as investors shifted
out of cyclical plays and put their money into. . . Full story |
European shares fell for a
fourth straight session to hit a one-week low on Thursday as
disappointing earnings and cautious comments from major. . . Full story | |||
U.S. stock index futures rose
on Thursday after Wall Street suffered its worst day in eight
weeks, but the session was predicted to. . . Full story |
- Mounting concerns about a U.S.
debt default dragged global stocks down to their lowest in more
than a week and drove the. . . Full story |
European stocks retreated in
early trade on Thursday, falling for the fourth straight session
as a raft of disappointing earnings and downbeat comments
sparked. . . Full story |
Australian stocks fell 1.6
percent on Thursday as growing fears about a U.S. debt default
drove investors out of blue chips with investment. . . Full story | ||||
SA Business |
South Africa's official jobless rate rose further in the second quarter of this year as the mining and manufacturing sectors shed. . . Full story |
South Africa's maize futures closed higher on Thursday and are seen making more gains after the government cut the crop forecast. . . Full story |
Shares of Investec fell more than 2 percent on Thursday after the asset manager and investment bank said first-quarter conditions had. . . Full story |
Shares of Canada's Forbes Coal first traded at 25.01 rand in their debut on the South African stock exchange on Thursday.. . . Full story | |||
Paper maker Mondi's near 60-percent surge in first-half profit on Thursday disappointed investors expecting more from the company's restructuring drive and. . . Full story | Gold edged down further on
Thursday from the previous session's record high as investors
hoped for passage of a bill to cut the. . . Full story | South Africa's National Union of Mineworkers (NUM) said on Thursday it would consider an offer by miner Anglo American Platinum and. . . Full story | Brazil's competitive advantage
as a sugar producer is eroding due partly to a strong currency,
but the global market will continue to depend. . . Full story |
A 2-1/2 week strike by South African fuel workers that had been threatening the continent's biggest economy ended on Thursday, Talk Radio 702 reported.. . . Full story | Escalating costs for
everything from worker salaries to diesel fuel and a sliding
U.S. dollar may spoil the party for the world's top miners that
are set to report record half-year profits thanks to. . . Full story | South African investment bank and asset manager Investec said first-quarter profit was marginally higher, as it battled tougher-than-expected economic conditions and weak debt and equity markets.. . . Full story |
Company News |
Shareholders are referred to the announcement dated 7 July 2011 that Wescoal launched an urgent application with the High Court during. . . Full story |
Optimum informed shareholders and update the market on its operational performance at Optimum Collieries and Koornfontein Mines for the year ended. . . Full story |
This Interim Management Statement is issued by Investec in accordance with the UK Listing Authority's Disclosure and Transparency Rules. Unless stated. . . Full story |
The company expects an improvement of more than 250% in the headline earnings per share ("HEPS") for the six months ending. . . Full story | |||
Shareholders were advised that a general meeting of Eqstra will be held on Wednesday, 31 August 2011 at 09:00 at the. . . Full story |
The Financial Mail reported that HCI has tow main objectives for KWV. The first is to improve its performance and value,. . . Full story |
Shareholders are advised that at the twenty-eight Annual General Meeting of Mediclinic held on 27 July 2011, all the ordinary and. . . Full story |
Shareholders are referred to the announcement released by Adcock Ingram on 29th March 2011 relating to the acquisition of the business. . . Full story | ||||
Company Results | Revenue increased by 12.5% to R618.6 million (R549.7 million). Gross profit declined by 10.4% to R106.3 million (R118.6 million). Net attributable. . . Full story | Revenue increased to R16.6 billion (June 2010: R16.2 billion). Operating profit declined to R929 million (June 2010: R2.3 billion) while net. . . Full story | Revenue for the interim period ended 30 June 2011 increased by 2% to GBP7 438 million (2010: GBP7 298 million). Profit. . . Full story | Group revenue for the interim period ended 30 June 2011 increased to EUR2.942 billion (2010: EUR2.752 billion). Gross profit rose to. . . Full story |
World Markets (Spot Prices)
|
|
Click here for the Sharenet Spot Price page
The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 28/07/2011 | 129 | 219 | 72 | 420 | 293,174,500 | R12,327,099,537 | 91747 | 1986393 |
| 27/07/2011 | 128 | 217 | 72 | 417 | 283,292,705 | R12,089,668,529 | 87196 | 1688708 |
| 26/07/2011 | 128 | 208 | 88 | 424 | 240,936,796 | R11,392,258,353 | 76522 | 1794137 |
| 25/07/2011 | 166 | 185 | 80 | 431 | 221,211,090 | R10,193,198,580 | 80476 | 1694154 |
| 22/07/2011 | 137 | 177 | 99 | 413 | 300,400,983 | R11,190,659,344 | 85818 | 1826340 |
Major Moves Up
Click here for more Major Moves... |
Major Moves Down
Click here for more Major Moves... |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
New Highs
Click here for more Major Moves... |
New Lows
Click here for more Major Moves... |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Index Summary
|
|
Click here for the Sharenet Index Summary page
Latest Consensus Changes**
|
Results Expected**
|
Recent Dividends**
|
Ex Div**
|
Upcoming AGMs**
|
Stock Exchange News Service
| Date | Time | Headline |
| 28/07/2011 | 17:22 | Mpact Limited - Further information in respect of MPACT`S interim |
| 28/07/2011 | 17:17 | FFA/FFB - Fortress Income Fund Limited - Acquisition of linked units in Vukile |
| 28/07/2011 | 17:13 | EOH Holdings Limited - Dealings in securities by a director |
| 28/07/2011 | 17:05 | Remgro Limited - Trading statement |
| 28/07/2011 | 17:04 | Oando Plc - Unaudited results for the period ended 30 June, 2011 |
| 28/07/2011 | 17:00 | BRAIT S.A.,Societe Anonyme - Results of Annual General Meeting ("AGM") |
| 28/07/2011 | 16:51 | Gold Fields Limited - Fatalities at KDC Mine |
| 28/07/2011 | 16:37 | Nutritional Holdings Limited - Dealing in securities by a director |
| 28/07/2011 | 16:30 | Dorbyl Limited - Change to the board of directors |
| 28/07/2011 | 16:25 | EOH Holdings Limited - Dealings in securities by directors |
| 28/07/2011 | 16:08 | Wescoal Holdings Limited - Interdict granted in favour of Wescoal |
| 28/07/2011 | 15:55 | PSG Group Limited - Dealing in PSG Group Limited shares by an associate of |
| 28/07/2011 | 15:53 | Optimum Coal Holdings Limited - Operational update for the financial year |
| 28/07/2011 | 15:38 | BIDEN - Denel SOC Limited - Listing of New Financial Instrument |
| 28/07/2011 | 15:30 | Telkom SA Limited - No change statement and notice of annual general |
| 28/07/2011 | 15:27 | MNDNIF - Nedbank Limited - Adjustment to the terms and conditions of Nedbank |
| 28/07/2011 | 15:14 | Omnia Holdings Limited - Dealing in securities |
| 28/07/2011 | 15:10 | Anglo American plc - Treasury Shares - Transfers |
| 28/07/2011 | 15:00 | MND/MNP - Mondi Limited/Mondi plc - Mondi Group - 2011 Interim dividend |
| 28/07/2011 | 15:00 | BITOY - Toyota Financial Services (South Africa) (Proprietary) Limited - New |
| 28/07/2011 | 14:56 | Ingenuity Property Investments Limited - Disclosure of acquisition of |
| 28/07/2011 | 12:39 | Mercantile Bank Holdings Limited - Condensed Unaudited Interim results for |
| 28/07/2011 | 12:35 | SBV/SVN - Sabvest Limited - Unaudited interim results for the six months ended |
| 28/07/2011 | 12:22 | Indequity Group Limited - Resignation of Director |
| 28/07/2011 | 12:22 | BIIIPL - iNguza Investments (Proprietary) Limited - Full Capital Redemption |
| 28/07/2011 | 12:21 | SCIB/ACLSTE - The Standard Bank of South Africa Limited - Dividend |
| 28/07/2011 | 12:20 | SCIB/ACLSTF - The Standard Bank Of South Africa Limited - Dividend announcement |
| 28/07/2011 | 12:17 | Gooderson Leisure Corporation - Results of the Annual General Meeting |
| 28/07/2011 | 12:14 | BIFR1 - FirstRand Bank Limited - Partial Capital Redemption |
| 28/07/2011 | 10:46 | GPT09 - Growthpoint Properties Limited - New Financial Instrument Listing |
| 28/07/2011 | 10:31 | Calgro M3 Holdings Limited - Trading update |
| 28/07/2011 | 10:30 | Spanjaard Limited - Dealings in Securities by a Director |
| 28/07/2011 | 10:30 | INL/INP - Investec - Interim Management Statement released on 28 July 2011 |
| 28/07/2011 | 10:13 | Eqstra Holdings Limited - Posting of notice of General Meeting |
| 28/07/2011 | 10:00 | Oando PLC - Resignation of Non-Executive Directors and company |
| 28/07/2011 | 09:00 | Mpact Limited - Trading statement |
| 28/07/2011 | 08:57 | Medi-Clinic Corporation Limited - Results of Annual General Meeting |
| 28/07/2011 | 08:40 | Adcock Ingram Holdings Limited - Acquisition of nutrilida - fulfilment |
| 28/07/2011 | 08:21 | DIA/DIB - Dipula Income Fund Limited - Abridged Prospectus - listing of Dipula |
| 28/07/2011 | 08:00 | MND/MNP - Mondi Limited/Mondi plc - Half-yearly results for the six months |
| 28/07/2011 | 08:00 | Gold Reef Resorts Limited - Change of Company Name - Finalisation date |
| 28/07/2011 | 07:10 | British American Tobacco p.l.c.- Transaction in own shares |
Click here for more SENS news