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Wednesday, 03 August 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 bonds up sharply, stocks at 5-week lows
By Stella Mapenzauswa and Tiisetso Motsoeneng
JOHANNESBURG (Reuters) - South African government bonds rallied sharply on Wednesday and the yield on the benchmark note fell to 9-month lows as a gloomy global economic climate cast a shadow on the domestic outlook.
Stocks fell to their lowest level in more than five weeks with Kumba Iron Ore leading the pack, while the rand came off earlier lows against the dollar but remained vulnerable to uncertainty over debt developments in Europe and the U.S.
Analysts said news that Africa's biggest economy has agreed to a 2.5 billion rand bailout for neighbouring Swaziland to help it through a budget crunch had little impact on financial markets.
The yield on the four-year bond fell as much as nine basis points to 7.12 percent, its lowest level since late November 2010, while that for the 2026 paper dropped 8.5 basis points to 8.225 percent as markets saw fewer chances of interest rates going higher this year.
"We have broken quite a few big technical levels recently with the benchmark; starting with 7.22 percent, then 7.18 percent and 7.14 percent," a Johannesburg debt trader said.
"There's a lot of short-covering in the market. Foreigners are still all over our South African bonds and if demand continues to come through we look to test 7.08 percent soon."
The market is increasingly betting that the Reserve Bank will keep interest rates at 30-year lows for the rest of the year as growth remains hesitant after a recession in 2009. Prospects of a downturn in Europe, a key market for South Africa, will add pressure.
The benchmark JSE Top-40 index of blue-chip stocks ended down 1.21 percent at 27,189.81, a level last seen on June 24, 2010. The broader All-share index came off 1.14 percent to 30,520.43.
"Investors are now worried about economic growth. We saw the ISM data which was not very good for sentiment," Ferdi Heyneke, a portfolio manager at Afrifocus Securities said.
The data showed the U.S. services sector falling in July to its lowest level since February 2010, while new U.S. factory orders fell in June, pulled down by weak demand for transportation equipment.
On the bourse, Kumba Iron Ore topped the decliners' list as demand worries for industrial metals such as copper hit prices.
Kumba, a unit of global mining giant Anglo American, shed 3.95 percent to 483.52 rand and BHP Billiton lost 2.85 percent to 236.08 rand.
Platinum miners such as Anglo American Platinum and Impala Platinum fell between 1 percent and 1.2 percent as their managers begin fresh wage talks to head off a strike.
Sappi was 1.9 percent lower at 28.85 rand after the paper maker said it would finalise the closure of its Port Elizabeth mill to rein in costs.
Gold miners bucked the weaker trend as the price of the metal set a record high, boosting AngloGold Ashanti by 3.69 percent to 300.71 rand and Harmony by 3.02 percent to 99.41 rand.
The rand hit a session low of 6.8440 against the dollar earlier on Wednesday before recovering to 6.7485 by 1614 GMT, up 0.76 percent on the day. But traders said global uncertainly should cap its gains.
"Equities are heading south, so all in all I think it's a fairly bleak outlook on rand in the short term. The 6.72/73 area will be base for now and we could easily have another look up into 6.85," said Duncan Howes, a trader at Absa Capital.
Wed, 03 Aug 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-08-03T164428Z_01_AJOE7721AI600_RTROPTP_3_OZABS-COAL-PHYSICAL-20110803.JPG "A coal merchant shovels coal at a coal yard in Melmerby, northern England") Prompt physical FOB Richards Bay prices fell in line with oil's sharp drop in early trading but DES ARA European prices had recovered most of the day's earlier losses by the afternoon. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-08-03T141711Z_01_AJOE77213OO00_RTROPTP_3_OZABS-SAFRICA-STRIKES-CITIES-20110803.JPG "State workers seeking higher wages take part in a strike in Johannesburg") A South African mine workers union started a new round of talks on Wednesday with negotiators at Impala Platinum to head off a strike over wages that could impact global prices of the precious metal. Full story |
 Egypt's Hosni Mubarak, accused of corruption and involvement in killing protesters, went on trial on Wednesday, delighting those who overthrew him and ringing an alarm bell for other autocrats around the Arab world. Full story  Syrian tanks occupied the main square in central Hama on Wednesday after heavy shelling of the city, residents said, taking control of the site of some of the largest protests against President Bashar al-Assad. Full story  A young Australian woman was freed from a suspected bomb collared around her neck early on Thursday after 10 hours of drama that lasted past midnight and captivated the nation with police saying they were still investigating the incident. Full story |
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Markets |
Gold rallied to a record on
Wednesday for the second straight session, as investors sought
refuge from slumping stock markets, volatile currencies, a
slowing. . . Full story |
European shares fell on Wednesday
for a fourth consecutive session, to a fresh 11-month closing
low, on global growth concerns after U.S. service. . . Full story |
Britain's top share index fell
more than two percent on Wednesday, driven lower by uncertainty
over global growth, with commodity stocks heading the. . . Full story |
U.S. stocks fell on Wednesday,
and the S&P 500 hit a new low for the year as the latest data
triggered more pessimism. . . Full story | |||
European shares extended losses
on Wednesday, led by France's Societe Generale which
fell more than 7 percent after the bank warned it might. . . Full story |
Australian shares fell 2.3
percent to an 11-month low on Wednesday, with top miners BHP
Billiton and Rio Tinto losing more than 3
percent. . . Full story |
The Nikkei average hit a five-week
trough on Wednesday as more disappointing U.S. data fuelled
concerns about the health of the global economy,. . . Full story |
The S&P 500 turned negative for
the year on Tuesday as the wrangling over the U.S. debt ceiling
faded and investors turned their. . . Full story | ||||
SA Business |
A South African mine workers union plans talks on Wednesday with negotiators at Impala Platinum to head off a strike over. . . Full story |
South African paper maker Sappi said on Wednesday it would permanently close its Adamas mill in Port Elizabeth in the country's. . . Full story |
Johannesburg-listed gold mining stocks surged in early tradee on Wednesday as investors took shelter from the deteriorating global economic outlook and. . . Full story |
South African government bonds extended this week's gains on Wednesday, with yields hitting new multi-month lows across the curve supported by. . . Full story | |||
Steep rate rise cycles in Brazil,
India and China are nearing peaks, potentially ending a
year-long run of weakness for their equities by. . . Full story | Indian wind turbine maker Suzlon Energy plans to grow its market share this year, helped by growth in Europe, emerging markets. . . Full story | Indian wind turbine maker Suzlon
Energy plans to grow its market share this year,
helped by growth in Europe, emerging markets such as. . . Full story | Gold miners turned to net hedging for just the second time in five years in the first quarter of 2011 but. . . Full story |
Company News |
Shareholders are referred to the Company`s detailed announcement on 16 May 2011 on SENS and on 17 May 2011 in the. . . Full story |
Gijima is currently finalising its results for the twelve months ended 30 June 2011, which are planned to be released on. . . Full story |
Tongaat Hulett announce the appointment of Mr Brand Pretorius as an independent non-executive director to the board, with effect from 3. . . 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 | |||
At the shareholders' meeting of Datatec, held at 14h00 on 3 August 2011, both the special resolutions and the ordinary resolution,. . . Full story |
Mr Aser Paul Nkuna, a shareholder representative of FirstRand empowerment partner, Mineworkers Investment Company ("MIC"), has indicated his intention to retire. . . Full story |
Further to the cautionary announcement published on SENS on Wednesday, 22 June 2011, shareholders were advised that negotiations were still in. . . Full story |
Shareholders are referred to the announcement dated 20 July 2011 where it was made known that Wescoal filed a notice of. . . Full story | ||||
Company Results | Revenue for the interim period ended 30 June 2011 climbed to R1.3 billion (R1.2 billion) but earnings before interest, tax, depreciation. . . Full story | fg. . . Full story | Net interest income was up 3% to R11.6 billion (R11.3 billion). Operating profit before operating expenditure rose by 12% to R19.4. . . Full story | Revenue increased to GBP256 million (2010: GBP205 million) .Operating profit of GBP298.7 million was reported, decreasing from GBP460.3 million in the. . . Full story |
World Markets (Spot Prices)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 03/08/2011 | 108 | 255 | 68 | 431 | 389,699,684 | R21,947,306,526 | 142168 | 2286336 |
| 02/08/2011 | 105 | 240 | 72 | 417 | 286,345,912 | R14,293,271,164 | 107043 | 2107619 |
| 01/08/2011 | 191 | 136 | 96 | 423 | 185,713,258 | R10,921,912,180 | 91439 | 1732371 |
| 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 |
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Index Summary
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Stock Exchange News Service
| Date | Time | Headline |
| 03/08/2011 | 17:08 | Randgold & Exploration Company Limited - Reviewed results for the six |
| 03/08/2011 | 17:04 | Redefine - Dealing in Securities |
| 03/08/2011 | 16:58 | Grand Parade Investments Limited - Proposed restructure - changes to |
| 03/08/2011 | 16:49 | Gijima Group Limited - Trading Statement |
| 03/08/2011 | 16:30 | Tongaat Hulett - Tongaat Hulett: appointment of an independent non- |
| 03/08/2011 | 16:23 | IFA Hotels & Resorts Limited - Boschendal Sale Update and Further |
| 03/08/2011 | 16:23 | JCD - JCI Limited - Announcement relating to the disposal of |
| 03/08/2011 | 16:06 | Vox Telecom - Acquisition of Ordinary Shares by Investec Bank Limited |
| 03/08/2011 | 16:00 | Datatec Limited - Report on proceedings at shareholders` meeting |
| 03/08/2011 | 15:40 | City Lodge Hotels Limited - Resignation of company secretary |
| 03/08/2011 | 15:26 | Control Instruments Group Limited - Trading statement |
| 03/08/2011 | 15:09 | Capricorn Investment Holdings Limited - Renewal of cautionary |
| 03/08/2011 | 15:03 | Kumba Iron Ore Limited - Sale of shares by a director of a major |
| 03/08/2011 | 14:55 | FirstRand Limited - Change to the board of directors |
| 03/08/2011 | 14:52 | TOPDWL - Deutsche Bank AG - Notice: termination of listing - TOPDWL - |
| 03/08/2011 | 14:00 | Kibo Mining Plc - Change of Adviser |
| 03/08/2011 | 12:58 | ZA027 - BNP Paribas Arbitrage Issuance - New Financial Instrument Listing |
| 03/08/2011 | 12:43 | Avusa Limited - Disclosure of Acquisition of securities |
| 03/08/2011 | 12:02 | Sappi Limited - Sappi announces final closure of Adamas mill |
| 03/08/2011 | 12:00 | MND/MNP - Mondi - Dealings by directors of Mondi Limited and Mondi plc |
| 03/08/2011 | 11:35 | BIFR1 - FirstRand Bank Limited - Listing of New Financial Instrument |
| 03/08/2011 | 11:23 | Peregrine Holdings Limited - Voluntary announcement regarding |
| 03/08/2011 | 11:23 | Vividend Income Fund Limited - Appointment to the board of directors |
| 03/08/2011 | 11:18 | Metmar Limited - Results of annual general meeting |
| 03/08/2011 | 11:05 | Ububele Holdings Limited - Renewal of cautionary announcement |
| 03/08/2011 | 10:57 | ZGOVI - The ZSHARES ETF Scheme - Withdrawal of ZGOVI participatory |
| 03/08/2011 | 10:49 | Gold One International Limited - BCX Gold and Gold One lodge their |
| 03/08/2011 | 10:08 | Goliath Gold Mining Limited - Dealings in securities by company secretary |
| 03/08/2011 | 10:02 | ABN37 - Absa Bank Limited - New Financial Instrument Listing |
| 03/08/2011 | 09:40 | Omnia Holdings Limited - Dealing in securities |
| 03/08/2011 | 09:30 | Firestone Energy Limited - Appendix 3B |
| 03/08/2011 | 09:04 | Firestone Energy Limited - Mining right approval for Firestone/Sekoko/IDC |
| 03/08/2011 | 09:00 | Tiger Brands Limited - Dealing in securities |
| 03/08/2011 | 08:23 | MWNT - Mine Waste Solutions (Pty) Limited - Operations resume at Mine Waste |
| 03/08/2011 | 08:12 | Decillion Limited - Detailed cautionary announcement regarding the |
| 03/08/2011 | 08:01 | Wescoal Holdings Limited - Liquidation application set aside with costs |
| 03/08/2011 | 08:00 | CCO - Capital & Counties Properties PLC - Interim report for the half year ended |
| 03/08/2011 | 07:36 | First Uranium Corporation - News Release - Operations resume at mine waste |
| 03/08/2011 | 07:33 | Group Five Limited - Changes to the board of directors |
| 03/08/2011 | 07:31 | Net 1 UEPS Technologies, Inc. - Net 1 UEPS Technologies, Inc. to host |
| 03/08/2011 | 07:24 | Miranda Mineral Holdings Limited - Update of business rescue application |
| 03/08/2011 | 07:10 | British American Tobacco p.l.c. - Transaction in own shares |
Click here for more SENS news