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Friday, 29 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, bonds firmer, strikes weigh on stocks
By Helen Nyambura and Phumza Macanda
JOHANNESBURG (Reuters) - South Africa's rand regained some lost ground on Friday as exporters sold dollars, betting the local currency will keep its upward trend intact.
Stocks fell for a fifth straight day as concerns over a strike-induced supply shortfalls at heavyweight miners such as Anglo American weighed.
Government bonds tracked the rand higher, with the yield on the 2015 bond falling to six-month lows.
Short-term debt yields have fallen considerably in the past two weeks as uncertainty in global markets has encouraged investors to look for high-yielding assets.
Local credit data earlier showed monetary conditions locally are still weak, with ETM managing director George Glynos saying the Reserve Bank may have to keep interest rates at 30-year lows into the second half of 2012.
The trade account recorded a surplus of 4.9 billion rand in June but a 2.9 percent decline in imports pointed to weak domestic demand.
The rand was trading at 6.70 to the dollar at 1605 GMT, 0.42 percent firmer than Thursday's New York close.
The rand hit two-month highs of 6.6250 Thursday, and may re-test those levels next week.
"We still like the dollar/rand stronger and as such suggest selling into weakness above 6.75/80 for a move back below 6.60 toward the 6.53 support in the next week," said Brigid Taylor, chef dealer at Nedbank.
Charts also point to the rand maintaining a firmer trend. It is trading stronger than its 50-, 100- and 200-day moving averages and could maintain gains if it does not pierce 6.80.
A rally in the gold price has also supported the rand.
On fixed income, the yield on the 2015 bond was at 7.34 percent after hitting 6-month lows of 7.3150 earlier. The 2026 bond yield was at 8.505 percent after hitting a session low of 8.48 percent.
"Local bonds have been trading in tandem with the rand. It has recovered and that has supported bonds. Next week, it will pretty much be the same story of monitoring developments in the United States," said Alvin Chawasema, bond dealer at Renaissance BJM.
On the bourse, the Top-40 index fell 0.86 percent to 27,857.91 and has shed nearly 3 percent this week. The All-Share index lost 0.76 percent to 31,208.04.
Some 100,000 gold mine workers downed tools on Thursday at the country's top three gold producers, weighing on shares in the sector.
Despite the gold price scaling record highs above $1,630 an ounce Friday, the domestic gold index is down 5.3 percent this week.
Amplats fell 2.3 percent at 573 rand and Impala Platinum lost 2.2 percent to 171.40 rand.
Around four in every five ounces of platinum is mined out of South Africa, so supply disruptions in the republic have a significant effect on metals prices. The ongoing strikes have not spread to the platinum companies yet, but could if wage talks fail.
Fri, 29 Jul 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnews_images_sn%252F1295357288.jpg "A graph with gold bars in the foreground") Gold hit another all-time high on Friday as investors sought a safe haven, after anemic U.S. growth data raised the prospect of recession if a deadlock over Washington's debt fails to be resolved quickly. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-07-29T141708Z_01_AJOE76S13OM00_RTROPTP_3_OZABS-SAFRICA-STRIKES-TALKS-20110729.JPG "Thousands of striking rail and port workers demanding a 15 percent increase in salary march through the Durban city centre") Wage talks with unions to end a strike against the country's main gold miners have brought the sides closer together and negotiations will resume on Monday, South Africa's Chamber of Mines said on Friday. Full story |
 Libya's rebel military commander was shot dead in an incident shrouded in mystery, dealing a blow to the Western-backed forces struggling to topple Muammar Gaddafi. Full story  An explosion at a Ukrainian coal mine killed at least 17 miners on Friday, the Emergencies Ministry said, the latest in a series of accidents that has raised concern over safety standards in the industry. Full story  Norwegians united in mourning on Friday as the first funerals were held a week after anti-Islam extremist Anders Behring Breivik massacred at least 77 people in attacks that traumatised the nation. Full story |
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Markets |
U.S. stocks slid back into
the red on Friday after remarks from a prominent Senate
Democrat gave investors another reason to back away. . . Full story |
Financials were the main drag on
Britain's top share index on Friday, which fell sharply as
concerns grew over the fragile state of. . . Full story |
World stocks headed for their
biggest weekly loss in almost a year on Friday as investors
piled into safe havens on worries about. . . Full story |
- European stocks fell on
Friday, heading for their biggest weekly drop in four months, as
U.S. lawmakers' failure to break the deadlock. . . Full story | |||
U.S. stock index futures fell
on Friday after lawmakers in Washington delayed a vote on a
Republican proposal to raise the U.S. government's. . . Full story |
World stocks hit a 1-1/2 week
low on Friday, on track for their biggest weekly loss since
August 2010, as a Moody's threat. . . Full story |
Hong Kong shares fell on
Friday, ending the week and month little changed, as partisan
gridlock on U.S. debt talks kept markets choppy,. . . Full story |
Australian stocks closed weaker
for the third consecutive session on Friday as fears the United
States will default on its debt and worries. . . Full story | ||||
SA Business |
Big South African banks are expected to show scant underlying growth when they report first-half earnings in coming weeks, as a. . . Full story |
Miner Anglo American forecast a strong end to 2011 as it recovers from a weather-battered start to the year, with production. . . Full story |
South Africa had a 4.9 billion randtrade surplus in June after recording a 1.0 billion rand shortfall in May, the South. . . Full story |
South African petrol pump prices in the main inland commercial region of Gauteng will increase by 17 cents a litre, or. . . Full story | |||
Gold hit another all-time
high on Friday as investors sought a safe haven, after anemic
U.S. growth data raised the prospect of recession. . . Full story | Coal of Africa Ltd (CoAL) said it was forced to suspend some activity at its controversial Vele Colliery in South Africa. . . Full story | Australian wholesale firm Metcash has extended a deadline to conclude a deal with South Africa's Pick n Pay to buy its. . . Full story | The rand pulled back on Friday from a week-long rally that drove it to a near three-month high against the dollar. . . Full story |
Growth in credit demand by South Africa's private sector was little changed at 5.25 percent year-on-year in June from a slightly upwardly revised 5.22 percent in May, central bank data showed on Friday.. . . Full story |
Company News |
Further to the cautionary announcement dated 30 September 2010 and subsequent renewal of cautionary announcements, the last of which was dated. . . Full story |
Cape Point Vineyards (Pty) Ltd have applied through the High Court in Cape Town for an order to place the company. . . Full story |
Trustco has embarked on a policy of issuing quarterly trading updates, this
being the first, in order. . . Full story |
With regard to the audited results for the year ended 31 March 2011, shareholders of Foschini are advised that the annual. . . Full story | |||
In accordance with Regulation 98 of the Companies Act, 71 of 2008 ("the Act"), holders of ordinary shares in the company. . . Full story |
Mr Peet Snyders has resigned as an executive director of the company with effect from 31 July 2011.. . . Full story |
Shareholders are advised that all the resolutions set out in the Notice of Annual General Meeting were passed by the requisite. . . Full story |
DRDGOLD shareholders were advised that at the general meeting of shareholders held on 29 July 2011, all the special resolutions contained. . . Full story | ||||
Company Results | 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 | Gross income from operations and investments for the interim period increased to R32.7 million (2010: R31.2 million), but net income for. . . Full story | Net interest income dropped to R123.6 million (2010: R128.9 million). Operating profit declined to R75.6 million (2010: R78.2million), while profit attributable. . . Full story | Sales revenue for the period ended 30 June 2011 rose to USD1.8 billion (USD1.2 billion) and gross profit jumped to USD219.7. . . Full story |
World Markets (Spot Prices)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 29/07/2011 | 133 | 208 | 82 | 423 | 229,726,809 | R13,008,387,112 | 94592 | 1939938 |
| 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 |
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Index Summary
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Stock Exchange News Service
| Date | Time | Headline |
| 29/07/2011 | 17:41 | UCS Group Limited - Director`s Dealing Announcement |
| 29/07/2011 | 17:25 | Gold One International Limited - Update on A$0.55 per share Cash Offer |
| 29/07/2011 | 17:17 | BHP Billiton Plc - Total voting rights and capital |
| 29/07/2011 | 17:00 | Mr Price Group Limited - Dealings in securities by director |
| 29/07/2011 | 16:55 | Thabex Limited - Renewal of Cautionary Announcement |
| 29/07/2011 | 16:26 | Pinnacle Point Group Limited - Application for business rescue |
| 29/07/2011 | 16:13 | Trustco Group Holdings Limited - Voluntary Announcement: Trading Update |
| 29/07/2011 | 16:04 | Vox Telecom - Share dealings by a director of a major subsidiary |
| 29/07/2011 | 16:00 | Universal Industries Corporation - Announcement of a firm intention to |
| 29/07/2011 | 15:50 | CCO - Capital & Counties Properties PLC - Exclusivity agreement signed with |
| 29/07/2011 | 15:11 | Dorbyl Limited - Dorbyl Judgement Received |
| 29/07/2011 | 14:55 | Witwatersrand Consolidated Gold Resources Limited - Results of |
| 29/07/2011 | 14:48 | William Tell Holdings Limited - Change to the board of directors |
| 29/07/2011 | 14:30 | Invicta Holdings Limited - Results of the Annual General Meeting |
| 29/07/2011 | 14:20 | TFG/TFGP - Foschini Group Ltd - Notice of annual general meeting |
| 29/07/2011 | 14:16 | Vox Telecom - Acquisition of Ordinary Shares by Investec Bank Limited |
| 29/07/2011 | 14:00 | Keaton Energy Holdings Limited - Keaton Energy: changes to the |
| 29/07/2011 | 13:55 | Tongaat Hulett - Results of Annual General Meeting and retirement |
| 29/07/2011 | 13:30 | British American Tobacco p.l.c. - Publication of Supplementary |
| 29/07/2011 | 13:29 | Workforce Holdings Limited - Posting of circular and Notice of General |
| 29/07/2011 | 13:13 | INVS - Investec Bank Limited - Long name change announcement on |
| 29/07/2011 | 13:12 | INVS - Investec Bank Limited - Long name change announcement on equity |
| 29/07/2011 | 13:04 | DRDGOLD Limited - Results of General Meeting |
| 29/07/2011 | 13:00 | B & W Instrumentation and Electrical Limited - Change in |
| 29/07/2011 | 12:45 | JD Group Limited - Appointment of independent non-executive |
| 29/07/2011 | 12:25 | Life Healthcare Group Holdings Limited - Trading update |
| 29/07/2011 | 12:07 | Firestone Energy Limited - Quarterly activities report for the period to |
| 29/07/2011 | 12:06 | Firestone Energy Limited - Appendix 5B |
| 29/07/2011 | 12:05 | DiamondCorp plc - DiamondCorp annoucement |
| 29/07/2011 | 12:00 | INL/INP - Investec Limited/Investec plc - Investec Plc - Voting rights and |
| 29/07/2011 | 10:37 | INVS - Investec Bank Limited - Announcement to warrant holders of their new |
| 29/07/2011 | 10:36 | INVS - Investec Bank Limited - Announcement to warrant holders of their new |
| 29/07/2011 | 10:30 | Exxaro Resources Limited - Exxaro plans to cease production of Zinc, |
| 29/07/2011 | 10:11 | Tawana Resources NL - Mining Exploration entity Quarterly Report |
| 29/07/2011 | 10:10 | Andulela Investment Holdings Limited - Update on the acquisition by |
| 29/07/2011 | 10:07 | Pinnacle - Acquisition by Pinnacle of an additional interest in |
| 29/07/2011 | 10:02 | Fountainhead Property Trust - Proposed acquisition by Fountainhead |
| 29/07/2011 | 10:02 | Hyprop Investments Limited - Disposal of Attfund Retail`s 25% undivided |
| 29/07/2011 | 10:00 | Metorex - Irrevocable Undertakings provided to Jinchuan Group Limited |
| 29/07/2011 | 10:00 | SABMiller plc - Total voting rights and capital |
| 29/07/2011 | 09:22 | Tongaat Hulett - AGM - Update by the CEO of Tongaat Hulett |
| 29/07/2011 | 09:15 | PWK/PIK - Pick n Pay Holdings Limited/ Pick n Pay Stores Limited - Pick n |
| 29/07/2011 | 08:52 | BSI STEEL Limited - Dealing in securities by directors |
| 29/07/2011 | 08:00 | Anglo American plc - Half year financial report for the six months ended |
| 29/07/2011 | 08:00 | SOL/SOLBE1 - Sasol Limited - Trading Statement |
| 29/07/2011 | 07:27 | Coal of Africa Limited - Appendix 5B Mining exploration entity |
| 29/07/2011 | 07:26 | Coal of Africa Limited - Report for the quarter ended 30 June 2011 |
| 29/07/2011 | 07:25 | Coal of Africa Limited - Vele integrated water use licence |
| 29/07/2011 | 07:10 | British American Tobacco p.l.c - Transaction in own shares |
| 29/07/2011 | 07:05 | Gold One International Limited - Appendix 3b new issue |
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