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The Sharenet Daily 
Wednesday, 24 August 2011 - 20:00
 
Charts
News
Top News
Markets
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)


Charts
 
SAfrica bonds fall in thin trade; shares rise

By Xola Potelwa and Tiisetso Motsoeneng

JOHANNESBURG (Reuters) - Yields on South African bonds rallied in afternoon trade on Wednesday, moving 20 basis points in an illiquid, jittery market that remains vulnerable to global developments, but prices ended virtually unchanged as the market stabilised at the close.

The rand extended losses but stayed in a familiar range and technical analysts expect the currency to remain stuck in that band as long as the euro/dollar pair holds its range.

South African stocks ended more than 1 percent higher.

Data showed South African inflation in July edged up to 5.3 percent, slightly higher than expectations of 5.2 percent, and left the market divided on whether the central bank will cut interest rates next month.

Bonds were firm early in the session but yields -- which move inversely to the price -- rose sharply in the afternoon, with the 2015 bond yield jumping 20 basis points as offshore accounts unpacking some stock caused a flurry of selling in thin trade.

The yield on the 2015 bond then bounced back to end 1 basis point higher at 6.68 percent on the JSE.

"It's all over the show at the moment. It seems this afternoon selling was pre-empted by some offshore selling into the local market and with liquidity being the way it is at the moment, it just forced a lot of guys to reduce exposure which caused yields to kick up," said Richard Farber of WWC Securities.

"The lack of liquidity saw the pick up to be quite aggressive," he added of the late afternoon activity which saw a lot of South Africa's tightly knit traders busy.

The 2026 bond yield ended at 8.115 percent, 1.5 basis points lower than Tuesday's close.

Strong U.S. durable goods data boosted global risk appetite, reducing demand for fixed income and supporting equities, including South Africa's share market.

"U.S. durable goods are saying that there is life in that economy despite all indications to the contrary so their bonds have gone south as well," said Ashley Dickinson, a bond trader for Renaissance BJM.

The rand extended losses to 7.2325 against the dollar by 1543 GMT, 0.85 percent weaker than its previous New York close at 7.1715.

STOCKS HIGHER

Stocks gained but the market's gains were capped by a drop in gold mining shares as the price of bullion tumbled more than 3 percent.

The JSE Top-40 blue-chip index closed up 1.36 percent at 26,281.14, after rising to a high of 26,558.57. The broader All-share index rose 1.18 percent to 29,604.59.

"The market had been kind of jittery ahead of Bernanke's speech until we saw some encouraging data about the U.S. economy," a Johannesburg-based trader said.

Financial markets are awaiting a speech from U.S. Federal Reserve chief Ben Bernanke on Friday for any signs the Fed might be ready to further stimulate the U.S. economy. Emerging markets have benefited from excess liquidity in the United States, which has boosted fund flows to higher-yielding emerging market assets.

Shares of Growthpoint gained 1.09 percent to 18.60 rand after the property group said full-year profit rose 10 percent.

Allied Technologies jumped 3.51 percent to 59 rand after the technology group said it would buy Eyenza Mobile Money for an undisclosed amount.

Gold miner Gold Fields skidded 4.55 percent to 113.82 rand and rival Harmony fell 4.06 percent to 312.01 rand.

Wed, 24 Aug 2011
Top News
[IMAGE]
Revenue from continuing operations was up at AUD1.2 million (June 2010: AUD982 thousand). Loss attributable to owners of Resource Generation Ltd worsened to AUD5.1 million (June 2010: Loss of AUD3.3 million), while headline loss per share was recorded at AUD2.3cps (June 2010:Loss per share o  Full story
[IMAGE]
Monetary policy is not the ultimate answer to South Africa's economic problems and reforms are needed to increase its growth potential, Reserve Bank Governor Gill Marcus said in an article published on Wednesday.  Full story
Powerful Hurricane Irene could pose a "big threat" to the densely populated northeast United States, including New York, as it swings up the eastern seaboard from Saturday on its current forecast track, the top U.S. government hurricane forecaster said on Wednesday.  Full story
Libya's new masters offered a million-dollar bounty for the fugitive Muammar Gaddafi on Wednesday, after he urged his men to carry on a battle that kept the capital in a state of fear.  Full story
Cleared of sex assault charges, Dominique Strauss-Kahn could be back in France within days but may not get a hero's welcome, if sober newspaper editorials and cautious statements by his Socialist allies are anything to go by.  Full story
 
SA Business
South African prices rose at their fastest pace in 17 months in July, driven by higher food costs, but markets mindful. . .  Full story
South Africa's Chamber of Mines said black ownership among its members averages 28 percent and already exceeds state-mandated targets -- politically. . .  Full story
South Africa's Harmony Gold Mining Co, the world's fifth-largest gold producer, said on Wednesday output for its 2012 financial year should. . .  Full story
South Africa's National Union on Mineworkers (NUM) said on Wednesday it was preparing for a strike against Roshcon, a unit of. . .  Full story
Zambia's Copperbelt Energy Corporation (CEC), the main supplier of power to mines, expects the cost of electricity to nearly double by. . .  Full story
South Africa's biggest wireless phone operator Vodacom has slashed data prices for its prepaid and top-up users by 42 percent, it. . .  Full story
South African benchmark stocks rose more than 2 percent in late trade on Wednesday, in line with global equities on optimism. . .  Full story
Maize deliveries to South African silos rose to 8.188 million tonnes in the week to August 19, up from a revised. . .  Full story
Australia's Intra Energy Corporation (IEC) plans to invest $236 million in Tanzania's first privately funded coal mine and a coal-fired power. . .  Full story
South Africa's state-run power utility Eskom said on Wednesday that its upcoming summer season would be challenging as it ramped up. . .  Full story
The rail operations of South Africa's state-owned freight logistics group Transnet. . .  Full story
South African government bonds weakened before the release of inflation data on Wednesday, with yields rising further from Tuesday's record lows. . .  Full story
Company News
Shareholders are advised that, at the General Meeting of Sentula held on Wednesday, 24 August 2011, convened in terms of the. . .  Full story
Shareholders are advised that at annual general meeting, all the resolutions set out in the notice and proposed at the meeting. . .  Full story
A review of the financial results for the year ended 31 July 2011 by management has indicated that earnings per share. . .  Full story
Business Report highlighted that Shoprite is fending off increasing competition from rival food retailers with an aggressive roll out of new. . .  Full story
Sephaku announced the following two significant developments for its wholly-owned subsidiary, Sephaku Fluoride Ltd ("Sephaku Fluoride") - the appointment of mining veteran Mr Alan Smith as chief executive officer ("CEO") of this entity and the granting of a new order mining. . .  Full story
Discovery is currently finalising its results for the year ended 30 June 2011, which will be released on 1 September 2011. Normalised headline earnings per share is expected to be between 25% and 35% higher than the corresponding reporting period of. . .  Full story
Company Results
Revenue increased by 9.3% to R7 586 million (R6 939 million) primarily as a result of increased revenue in CMED and. . .  Full story
Revenue decreased to R2.6 billion (R2.9 billion). EBITDA amounted to a loss of R211.8 million (earnings of R285.7 million) and an. . .  Full story
Revenue for the interim period ended 30 June 2011 decreased to R874.3 million (2010: R891.9 million). Operating profit plummeted to R43.5. . .  Full story
Sale of merchandise for the period increased by 7.3% to R72.3 billion (2010: R67.4 billion). Gross profit rose by 10.7% to. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0029604.59344.731.18%
JSE Top 4017:0026381.14354.421.36%
JSE Gold17:002607.81-109.43-4.03%
JSE Financial17:0020752.43234.091.14%
JSE Industrial17:0031491.16453.831.46%
JSE Indust 2517:0026440.07452.461.74%
JSE Resource17:0047628.51457.100.97%
DJ Futures19:5611190.0040.000.36%
DJ Ind19:4511210.2133.450.30%
SP 50020:001165.453.100.27%
Nasdaq20:002441.61-4.45-0.18%
FTSE 10017:355205.8576.431.49%
DAX18:065681.08207.303.79%
CAC4018:063139.5555.181.79%
Nikkei08:528639.6111.480.13%
Shanghai09:282541.09-12.93-0.51%
Hang-Seng09:4619595.66108.790.56%
All Ords08:414235.70-4.10-0.10%
NZSE 5007:463287.5213.080.40%
NameTimeRPMove% Move
Gold19:591754.80-75.01-4.10%
Gold/Rand20:0012718.61-411.50-3.13%
Gold/R kg20:00408903-25964-5.97%
Silver19:5939.3750-2.5000-5.97%
Platinum19:591809.25-47.55-2.56%
Palladium19:59745.25-12.20-1.61%
R15717:066.68.182.77%
R20417:067.61.222.91%
Brent Crude19:56111.191.291.17%
Rand / Dollar19:597.24790.07181.00%
Rand / Pound19:5511.83290.01020.09%
Rand / Euro19:5510.45180.07940.77%
Rand / NZD19:585.99760.00350.06%
Rand / AUD19:557.58550.01860.25%
Yen / Dollar19:5877.04000.36000.47%
Euro / Dollar19:550.69320.00070.10%
Dollar / Euro19:591.4423-0.0010-0.07%
Pound / Dollar19:550.61060.00460.76%

Click here for the Sharenet Spot Price page
The JSE Today
 Trading Statistics
DateAdv.Decl.Unch.ActivesVolumeValueTradesOrders
24/08/201121311988420251,148,622R12,593,383,527993212275615
23/08/201112720786420226,233,219R13,353,228,524991411999056
22/08/201119315692441230,665,936R12,488,221,3721014312236024
19/08/201115020883441267,309,109R16,095,829,9001107972703587
18/08/201110825275435300,331,433R15,618,400,7001203202700764
Major Moves Up
SharenameSaleMove% MoveVolume
1 OANDO  2444422.00.%4
2 REXTRU-N  130015013.04.%36
3 ROLFES  2292512.25.%35900
4 AMECOR  1791911.88.%147839
5 IQUAD  2232210.95.%6790
6 ROCKWELL  5505010.00.%1000
7 DAWN  549499.80.%15066
8 COAL  751517.29.%25700
9 OPTIMUM  29501997.23.%53119
10 EOH  22001457.06.%204423
11 AFRO-C  185105.71.%12737
12 KGMEDIA  1720704.24.%2481
13 BRIMST-N  700253.70.%1000
14 CML  1971703.68.%302279
15 ALTECH  59002003.51.%4222
16 ABIL  33301083.35.%974180
17 REMGRO  108503373.21.%1023464
18 RICHEMONT  38831193.16.%12206202
19 ARB  340103.03.%20000
20 A-V-I  3149832.71.%148759

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Major Moves Down
SharenameSaleMove% MoveVolume
1 NUWORLD  1900-300-13.64.%22691
2 RANGOLD  237-37-13.50.%200
3 FREEWORLD  869-83-8.72.%3417
4 PUTPROP  562-38-6.33.%400
5 VILLAGE  142-8-5.33.%229056
6 AVUSA  2250-109-4.62.%1161
7 GFIELDS  11382-543-4.55.%2351044
8 BLACKSTAR  1050-50-4.55.%5484
9 GBGOLD  1434-66-4.40.%3270
10 ANGGOLD  31201-1320-4.06.%1510592
11 SOVFOOD  500-20-3.85.%8960
12 DELTA  730-27-3.57.%1080
13 PAN-AF  152-5-3.18.%2498377
14 KELLY  360-11-2.96.%3800
15 HARMONY  9018-270-2.91.%3274180
16 STEFSTOCK  1045-30-2.79.%507050
17 ADCOCK  5958-152-2.49.%75990
18 SANTAM  12686-314-2.42.%3499
19 HOSP-B  610-15-2.40.%50000
20 CIL  830-20-2.35.%10700

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New Highs
SharenameSaleHighMove% MoveVolume
1 AMECOR  1791841911.88.%147839
2 GOLDONE  39739720.51.%139696

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New Lows
SharenameSaleLowMove% MoveVolume
1 FREEWORLD  869721-83-8.72.%3417
2 PALLINGHT  310305-5-1.59.%675306
3 WBHO  94519264-145-1.51.%125920
4 AVENG  32513171642.01.%1449760
5 DAWN  549475499.80.%15066

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Index Summary
Index NameRPMove% Move
Top 4026,381.14354.421.36%
Industrial31,491.16453.831.46%
Mid Cap40,299.97107.780.27%
Small Cap30,814.1346.620.15%
Resource 2047,628.51457.100.97%
Industrial 2526,440.07452.461.74%
Financial 157,759.57104.681.37%
Financial & Ind. 3029,418.91492.301.70%
All Share29,604.59344.731.18%
Oil & Gas 23,468.72266.641.15%
Mining 31,428.90256.850.82%
Gold Mining2,607.81-109.43-4.03%
Platinum Mining63.45.871.39%
GENERAL MINING7,653.12157.822.11%
Oil & Gas Producers 12,618.70143.371.15%
Basic Materials 26,607.03235.410.89%
Chemicals 12,556.46-60.25-0.48%
Forestry & Paper 12,237.50191.671.59%
Industrial Metals 26,521.90569.942.20%
Industrials 26,235.80258.621.00%
General Industrials 73,204.551490.772.08%
Consumer Goods 26,439.28606.982.35%
Automobiles & Parts 3,555.2022.640.64%
Household Goods135.1100.00%
Health Care 32,049.6862.150.19%
Beverages 86.412.032.41%
Index NameRPMove% Move
Food Producers 47,325.61469.591.00%
Personal Goods 387.8211.893.16%
Consumer Services 51,458.85407.730.80%
General Retailers 43,087.79525.651.24%
Travel & Leisure 3,572.2713.520.38%
Media 74.72.390.52%
Support Services 2,246.43-9.88-0.44%
Telecommunications 67,012.41784.071.18%
Financials 20,752.43234.091.14%
Banks 38,858.81550.181.44%
Non-life Insurance 30,762.40-761.42-2.42%
Life Insurance 15,062.11143.170.96%
General Financial 2,101.5233.941.64%
Technology 21,829.57231.911.07%
SHARIAH TOP40 2,840.46280.99%
FTSE/JSE SHARIAH ALL2,909.94270.92%
COAL MINING22,207.653111.42%
FTSE JSE Fledgling 4,451.25160.36%
FTSE/JSE Alt X 1,113.0090.83%
SA LISTED PROPERTY 383.190.29%
CAPPED PROPERTY 311.690.43%
RESOURCE 26,361.622260.87%
DIVIDEND PLUS161.6810.91%
FTSE/JSE RAFI 406,143.72861.42%
Capped Top 4013,875.251761.29%
Capped All Share14,953.831691.14%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
SAPSAPPI LIMITEDBUY22 Aug
MURMURRAY AND ROBERTS HOLDIN...BUY22 Aug
LBHLIBERTY HOLDINGS LTD ORDHOLD22 Aug
TRUTRUWORTHS INTERNATIONAL L...SELL22 Aug
SACSA CORPORATE REAL ESATE F...HOLD22 Aug
Results Expected**
ExpectedCompany NameFin. Date
25 Aug 2011BASREADJune 2011 (Interim)
25 Aug 2011CIPLAMEDJune 2011 (Interim)
25 Aug 2011HOWDENJune 2011 (Interim)
25 Aug 2011IMPLATSJune 2011 (Final)
25 Aug 2011MASSMARTJune 2011 (Final)
Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
SHOPRIT11-08-2311-09-0911-09-19R 1.6500
EQSTRA11-08-2311-09-1611-09-26R 0.2500
CBH11-08-2311-11-1111-11-21R 0.1084
ONELOGIX11-08-2311-09-0911-09-19R 0.0400
ADVTECH11-08-2211-09-0911-09-19R 0.0950
Ex Div**
Share NameDec-DateLDTPay-DateAmount
ABSABANK-P11-08-0211-08-1911-08-29R 28.5830
FIRSTRANDB-P11-08-0411-08-1911-08-29R 3.0516
ABSA11-08-0211-08-1911-08-29R 2.9200
NEDBANK-P11-08-0111-08-1911-08-29R 0.3347
CAPITAL11-08-0211-08-1911-08-29R 0.3136
Upcoming AGMs**
CodeCompany NameDateStatus
CDZCadiz Holdings Ltd24/08/2011Confirmed
ANSAnsys Ltd24/08/2011Confirmed
MRPPMr Price Group Ltd25/08/2011Confirmed
MPCBMr Price Group Ltd25/08/2011Confirmed
MPCMr Price Group Ltd25/08/2011Confirmed
Stock Exchange News Service
DateTimeHeadline
24/08/201117:08 ADvTECH Limited - Director`s Dealings
24/08/201117:04 Sentula Mining Limited - Results of General Meeting
24/08/201117:01 RGT Smart Market Intelligence Limited - Results of the AGM
24/08/201116:45 Cadiz Holdings Limited - Results of Annual General Meeting
24/08/201116:36 Transpaco Limited - Directors dealing in securities
24/08/201116:30OML - Old Mutual plc - Form 8.3
24/08/201116:29OML - Old Mutual Plc - Form 8.3
24/08/201116:20 Resource Generation Limited - Consolidated financial statements for the
24/08/201116:09SCIB/SBTPV8 - The Standard Bank of South Africa Limited - Reset of variable
24/08/201116:03FFA/FFB - Fortress Income Fund Limited - Dealing in securities
24/08/201116:00INL/INP - Investec Limited/ Investec plc - Annual information update for the
24/08/201115:38HPA/HPB - Hospitality Property Fund Limited - Dealing in securities by a
24/08/201115:03 Convergenet Holdings Limited - Director`s dealings in securities
24/08/201115:02 M Cubed Holdings Limited - Change in transfer secretaries
24/08/201114:47TSP125 - Transnet SOC Limited - New Financial Instrument Listing
24/08/201114:12BILIDI - Investec Warrants - Declared dividend announcement on Bhp Billiton
24/08/201114:11BILIHI - Investec Warrants - Declared dividend announcement on BHP Billiton Plc
24/08/201114:02 Nutritional Holdings Limited - Change in company secretary
24/08/201113:55 Marshall Monteagle Plc - Dealing in securities by directors
24/08/201113:36HYPIVC - Investec Warrants - Declared interest announcement on Hyprop
24/08/201113:29HYPIVB - Investec Warrants - Declared interest announcement on Hyprop
24/08/201113:28IPLIDG - Investec warrants - Declared dividend announcement on Imperial
24/08/201112:51 The Spar Group Limited - Exercise of options and sale of shares
24/08/201112:35INL/INP - Investec Limited/ Investec plc - Form 8 (DD)
24/08/201112:30 Distell Group Limited - Audited results of the group for the year ended
24/08/201112:10INL/INP - Investec Limited/Investec plc - Form 8 (DD)
24/08/201111:55 Argent Industrial Limited - Dealing in securities by director
24/08/201111:25 Growthpoint Properties Limited - Audited results for the year ended 30
24/08/201111:17 Zeder Investments Limited - Notice to all shareholders of Capespan
24/08/201111:06TRA - Transnet SOC Limited - Tap Issue Listing
24/08/201111:04SCIB/SBTPV6 - The Standard Bank of South Africa Limited - Reset of variable
24/08/201111:03 The Don Group Limited - Renewal of cautionary announcement
24/08/201110:59TRA - Transnet SOC Limited - Tap Issue Listing
24/08/201110:35 Village Main Reef Limited - Accident at the Tau Lekoa Gold Mine claims
24/08/201110:34 EOH Holdings Limited - Trading statement
24/08/201110:07 Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of
24/08/201109:59 Sephaku Holdings - Appointment of CEO and the Granting of a New Order
24/08/201109:50 O-line Holdings Limited - Resignation of a director
24/08/201109:50INL/INP - Investec Limited/Investec plc - Disclosure in accordance with Rule
24/08/201109:49CLN000123 - The Standard Bank Of South Africa Limited - Interest Rate
24/08/201109:30 Great Basin Gold Limited - Directors dealing in securities
24/08/201109:01SCIB/SOLSTG - The Standard Bank of South Africa Limited - Issue of Share
24/08/201109:00SCIB - The Standard Bank of South Africa Limited - Issue of Stock Warrants
24/08/201108:52 BSI Steel Limited - Dealing in securities by directors
24/08/201108:35 BHP Billiton plc - BHP Billiton results for the year ended 30 June 2011
24/08/201108:34 BHP Billiton plc - Report for the year ended 30 June 2011
24/08/201108:10 Kairos - Changes to the Board of Directors
24/08/201108:00PSG/PLD - PSG Group Limited/Paladin Capital Limited - Confirmation of firm
24/08/201107:30 Blue Label Telecoms Limited - Audited results for the year ended 31 May
24/08/201107:30 Harmony Gold Mining Company Limited - Harmony updates investors
24/08/201107:15 Anglo American plc - Treasury Shares - Transfers
24/08/201107:10BIIIPL - iNguza Investments (Proprietary) Limited - Interest Rate Reset
24/08/201107:10 British American Tobacco p.l.c - Transaction in own shares
24/08/201107:09BIIIPL - iNguza Investments (Proprietary) Limited - Full Capital Redemption
24/08/201107:08BIIVU - iVuzi Investments Limited - Full Capital Redemption
24/08/201107:07BIIVU - iVuzi Investments Limited - Full Capital Redemption
24/08/201107:07BIIND - iNdwa Investments Limited - Full Capital Redemption
24/08/201107:07 Discovery Holdings Limited - Trading Statement
24/08/201107:07BIIND - iNdwa Investments Limited - Full Capital Redemption
24/08/201107:07AGLIDK - Investec Bank Limited - Notice of barrier for enhanced dividend
24/08/201107:06IPL/IPLP - Imperial Holdings Limited - Audited Preliminary results for the year
24/08/201107:05 Hyprop Investments Limited - Unaudited results for the six months ended 30
24/08/201107:05CLN192 - The Standard Bank of South Africa Limited - New Financial Instrument
24/08/201107:05 Transpaco Limited - Reviewed condensed consolidated results for the
24/08/201107:05 Allied Technologies Limited - Altech acquires Eyenza Mobile Money

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