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 The Sharenet Daily 
Monday, 29 August 2011 - 20:00
Top News
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)

Sentiment boosts S.African assets in thin trade

By Xola Potelwa

JOHANNESBURG (Reuters) - South African stocks went into orbit on Monday, tracking stronger global equity and commodity prices, and rising over 3 percent, the highest intra-day rise in nearly three weeks.

The rand also advanced to a three-week high, gaining on a defensive dollar as risky assets enjoyed positive investor sentiment after the Federal Reserve left open the possibility of further monetary stimulus in the United States.

Market moves were exaggerated by thin trading conditions while the British market was closed for a national holiday.

Volume in the currency market was at its lowest in a week according to Reuters data, and dealers said volume was half of what it normally is on an average day.

Government bonds were supported by the firmer rand but had an uneventful session with the UK market out of play. Dealers are waiting for domestic second quarter gross domestic product data on Tuesday to give pointers on likely issuance changes.

The JSE's blue-chip Top-40 index powered 3.24 percent to 27,049.24 in thin trade and the broader All-Share index climbed 2.95 percent to 30,292.76, led by banks and resource firms.

"The volumes are thin due to the FTSE bank holiday but leading on the back of the strong Dow on Friday and the strong Futures, we are seeing our market being very strong today," said Desmond Reilly, a trader at PSG Securities.

The banks' index gained more than 4 percent, with Standard Bank, Africa's biggest lender by assets, climbing 4.6 percent to 98.83 rand.

One trader said South African stocks, including banks, were a tad overpriced compared with other emerging markets.

"Our banking stocks do not look attractive compared to other banks. The valuations still look expensive, somebody could get better exposure in terms of returns in other emerging markets," said Phinda Mangolothi, an equity trader at Legae Securities.

Platinum producers were the biggest gainers of all miners, with firms such as Impala Platinum climbing to 177.45 rand, 5.3 percent higher than the previous close.


The rand gained 1.8 percent on the dollar to a 7.0230 session high. The currency broke out of last week's range to levels last seen August 8 as thin liquidity met with exporters selling the dollar, pushed moves stronger.

"I think risky assets have taken the cue from the equity markets and that's why we've seen overall a stronger currency on the day," said Warrick Butler, a currency trader with Standard Bank.

The local unit firmed along with other riskier assets but was the biggest gainer in a basket of emerging market currencies tracked by Reuters.

"The rand has outperformed. I think its a combination of positive vibes, very low liquidity and month end exporters getting involved on a day when there's not a huge amount going through the market. Our daily turnover is literally half of what it is on a normal day," Standard Bank's Butler added.

Yields on benchmark government bonds gave up 3.5 basis points on the 2015 note to 6.56 percent and 4.5 basis points on the 2026 bond to 7.945 percent. Dealers had a slow day and were waiting for the week's data and events starting on Tuesday.

"Locally, eyes are on preliminary Q2 GDP figure on Tuesday, expected to slow further and offers bonds support today as investors take the view that further evidence of a slowdown may warrant rates on hold for an extended period," 4Cast said in an afternoon note.

"It (GDP) should give us some guidance from a bond side as to what anticipated change of issuance could potentially take place, if tax receipts are going to be lower that originally anticipated," said Steve Arnold, a bond trader at Investec.

Finance minister Pravin Gordhan said earlier in the session the government was confident of its growth forecasts and fiscal polity outlined in the February budget, while central bank governor Gill Marcus last week said economic growth would have slowed in the second quarter.

Mon, 29 Aug 2011
Top News
Diamond producer De Beers expects its South African unit to produce 6.5 million carats in 2011, a million less than last year as the effects of mine disposals filter down, the unit's chief executive said on Monday.  Full story

South Africa's Optimum Coal said on Monday that a unit of Glencore, the world's largest commodity trader, had bought a 14.1 percent stake in it.  Full story
Vermont struggled with its worst flooding in 80 years and reconnaissance teams scoured Massachusetts to assess the devastation on Monday after a weakened Hurricane Irene slammed an already soaked New England with torrential rain.  Full story
Japanese Finance Minister Yoshihiko Noda was chosen on Monday to become the sixth prime minister in five years, but he needs to overcome a divided parliament and deep rifts in the ruling party if he is to make more of a mark than his recent predecessors.  Full story
Libyan forces converged on Muammar Gaddafi's hometown of Sirte on Monday, hoping to seal their revolution by seizing the last bastions of a fallen but perhaps still dangerous strongman.  Full story
SA Business
South Africa's National Union of Mineworkers (NUM) said on Monday that 2,000 of its members had downed tools, as expected, at. . .  Full story
The National Union of Metalworkers of South Africa (NUMSA) said on Monday it had refused to sign a wage deal with. . .  Full story
South African direct marketer HomeChoice Holdings said on Monday it was planning to list on the Johannesburg Stock Exchange (JSE) in. . .  Full story
. . .  Full story

South Africa's Optimum Coal said on Monday that a unit of Glencore , the world's largest commodity trader, had bought a 14.1. . .  Full story
. . .  Full story
Gold prices dropped sharply in holiday-thinned trade on Monday, falling as much as 2.7 percent after Wall Street stocks opened higher, deflecting interest. . .  Full story
South Africa's rand extended its gains against a wobbly dollar on Monday, climbing to a near two-week high and topping the. . .  Full story

South Africa is confident of its growth forecasts and the fiscal policies outlined in its February budget and can use foreign exchange reserves in the case of an "extreme crisis", Finance Minister Pravin Gordhan said on Monday.. . .  Full story
Company News
Fiuranium announced that it has entered into an agreement with Vulisango Holdings (Pty) Ltd ("Vulisango"), a black economic empowerment ("BEE") company,. . .  Full story
Shareholders were referred to the announcement released on SENS on Friday, 22 July 2011, relating to the claw back offer of. . .  Full story
Shareholders were referred to the update announcement dated 22 August 2011 and advise that the business rescue applications for one of. . .  Full story
Shareholders were advised that a consortium comprising Piruto B.V., a wholly-owned subsidiary of Glencore International AG, had as at the close. . .  Full story

Shareholders were advised that the group's operating profit will be between 20% and 25% lower than the prior comparable reporting period.. . .  Full story
The Sunday Times Business Times reported that Implats' Zimbabwean unit, Zimplats, was in talks with that country's government after authorities rejected. . .  Full story
Ordinary shareholders of BCX ("Ordinary Shareholders") and "A" ordinary shareholders of BCX (""A" Shareholders") (collectively referring to Ordinary Shareholders and "A". . .  Full story
In compliance with section 3.4(b) of the JSE Listings Requirements, companies are required to publish a trading statement as soon as. . .  Full story
Company Results
Revenue rose by 7.9% to R118.5 billion (R109.8 billion). Gross income increased by 6.7% to R24.6 billion (R23 billion). Operating profit was up by 7% to R5.8 billion (R5.5 billion). Net. . .  Full story
Revenue improved to R2.6 billion (R2 billion) and net operating profit also rose to R292.7 million (R148.7 million). However, a loss for the period attributable to ordinary shareholders amounted to R287.9. . .  Full story
Revenue increased to R8 651 million (2010: R7 797 million), while operating profit declined slightly to R1 610 million (2010: R1 629 million). Profit attributable to ordinary shareholders decreased to R433. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0030292.76867.712.95%
JSE Top 4017:0027049.24848.513.24%
JSE Gold17:002628.67-.55-0.02%
JSE Financial17:0021283.18744.333.62%
JSE Industrial17:0031906.96708.412.27%
JSE Indust 2517:0026824.83649.642.48%
JSE Resource17:0049258.471635.383.43%
DJ Futures20:0011470.00191.001.69%
DJ Ind19:4511490.21205.671.82%
SP 50020:001203.3526.552.26%
FTSE 10026/085129.92-1.18-0.02%
All Ords08:424333.7062.701.47%
NZSE 5007:463306.004.420.13%
NameTimeRPMove% Move
Gold/R kg20:00405278-5798-1.41%
Brent Crude19:56112.771.561.40%
Rand / Dollar19:587.0534-0.0977-1.37%
Rand / Pound19:5511.5264-0.1301-1.12%
Rand / Euro19:5510.2185-0.1460-1.41%
Rand / NZD19:575.9462-0.0636-1.06%
Rand / AUD19:557.4903-0.0768-1.01%
Yen / Dollar19:5676.91000.24000.31%
Euro / Dollar19:550.6896-0.0002-0.03%
Dollar / Euro19:581.44960.00030.02%
Pound / Dollar19:550.6097-0.0024-0.39%

Click here for the Sharenet Spot Price page
The JSE Today
Trading Statistics

Major Moves Up
SharenameSaleMove% MoveVolume
1 NUWORLD  201021011.67.%100
2 KEATON   2842911.37.%74750
3 BCX  522357.19.%547383
4 CADIZ  290186.62.%25000
5 MONDIPLCP  62733836.50.%419654
6 CALGRO  10666.00.%1000
7 MONDILTDP  62203495.94.%190178
8 IMPLATS  177458955.31.%1831856
9 VERIMARK  16085.26.%12698
10 FIRSTRAND  2029995.13.%7087568
11 AFRO-C  18595.11.%5510
12 TASTE  10555.00.%195300
13 ASSORE  2180010004.81.%50146
14 ITLTILE  440204.76.%40098
15 SANLAM  26651204.72.%3600412
16 BIDVEST  150206714.68.%627302
17 STANBANK  98834344.59.%2977441
18 DATATEC  37951654.55.%103108
19 LONMIN  143006154.49.%122923
20 OLDMUTUAL  1379594.47.%10225063

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Major Moves Down
SharenameSaleMove% MoveVolume
1 COMAIR  220-35-13.73.%3342
2 VALUE  371-19-4.87.%5000
3 GBGOLD  1401-71-4.82.%10205
4 SPANJRD  401-19-4.52.%4000
5 ARB  330-10-2.94.%13000
6 PALCAP  175-5-2.78.%46037
7 OANDO  195-5-2.50.%39008
8 BAUBA  215-5-2.27.%5550
9 PUTPROP  550-12-2.14.%1000
10 EASTPLATS  563-10-1.75.%56334
11 RESILIENT  3245-55-1.67.%262624
12 AME  4425-73-1.62.%17000
13 GOLIATH  325-5-1.52.%36000
14 BRIMST-N  690-10-1.43.%1082
15 RA-HOLD  375-5-1.32.%1150
16 AQUARIUS  2750-35-1.26.%3817
17 SPURCORP  1335-15-1.11.%3100
18 PALLINGHT  307-3-0.97.%91868
19 SUNINT  8601-81-0.93.%187744
20 ANGGOLD  31400-250-0.79.%932281

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New Highs
SharenameSaleHighMove% MoveVolume
1 WOOLIES  341934641193.61.%2791248
2 MAS  10351035100.98.%4000
3 GOLDONE  39839930.76.%16934

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New Lows
SharenameSaleLowMove% MoveVolume
1 OANDO  195190-5-2.50.%39008

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Index Summary
Index NameRPMove% Move
Top 4027,049.24848.513.24%
Mid Cap40,855.86633.411.57%
Small Cap30,983.04270.670.88%
Resource 2049,258.471635.383.43%
Industrial 2526,824.83649.642.48%
Financial 157,976.42318.164.15%
Financial & Ind. 3029,965.34898.893.09%
All Share30,292.76867.712.95%
Oil & Gas 24,224.96843.553.61%
Mining 32,498.381051.283.34%
Gold Mining2,628.67-.55-0.02%
Platinum Mining65.532.814.48%
GENERAL MINING7,960.95309.214.04%
Oil & Gas Producers 13,025.31453.563.61%
Basic Materials 27,504.60881.853.31%
Chemicals 12,625.1651.930.41%
Forestry & Paper 12,713.09641.565.31%
Industrial Metals 27,365.11582.252.17%
Industrials 26,566.20639.562.47%
General Industrials 74,140.582623.293.67%
Consumer Goods 26,553.73467.101.79%
Automobiles & Parts 3,611.81-11.32-0.31%
Household Goods140.2654.06%
Health Care 32,421.12491.821.54%
Beverages 86.471.962.32%
Index NameRPMove% Move
Food Producers 47,863.22779.201.65%
Personal Goods 388.522.700.70%
Consumer Services 52,459.171350.572.64%
General Retailers 43,859.621297.343.05%
Travel & Leisure 3,528.40-19.89-0.56%
Media 76.872.263.03%
Support Services 2,212.2216.480.75%
Telecommunications 68,122.811626.382.45%
Financials 21,283.18744.333.62%
Banks 40,161.071712.094.45%
Non-life Insurance 31,283.75468.001.52%
Life Insurance 15,338.84582.603.95%
General Financial 2,151.7168.693.30%
Technology 22,377.36845.633.93%
SHARIAH TOP40 2,928.48953.33%
FTSE/JSE SHARIAH ALL2,994.01903.10%
COAL MINING24,083.288713.75%
FTSE JSE Fledgling 4,447.43240.55%
FTSE/JSE Alt X 1,092.31-13-1.20%
RESOURCE 27,252.458903.38%
DIVIDEND PLUS164.8042.31%
FTSE/JSE RAFI 406,303.552123.49%
Capped Top 4014,210.644373.17%
Capped All Share15,296.024342.92%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
Results Expected**
ExpectedCompany NameFin. Date
30 Aug 20111TIMEJune 2011 (Interim)
30 Aug 2011BIDVESTJune 2011 (Final)
30 Aug 2011ITLTILEJune 2011 (Final)
30 Aug 2011LDONEJune 2011 (Interim)
31 Aug 2011ARMJune 2011 (Final)

Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
MUSTEK11-08-2611-09-2311-10-03R 0.1700
HOWDEN11-08-2611-09-0911-09-19R 0.2000
ASSORE11-08-2511-09-0911-09-19R 2.5000
IMPLATS11-08-2511-09-0911-09-19R 4.2000
OPTIMUM11-08-2511-10-2111-10-31R 0.3000
Ex Div**
Share NameDec-DateLDTPay-DateAmount
PALAMIN11-08-0111-08-2611-09-05R 9.3100
STANBANK-P11-08-1111-08-2611-09-05R 3.1241
LIB-HOLD11-08-0411-08-2611-09-05R 1.8200
RESILIENT11-08-1011-08-2611-09-05R 1.0936
GFIELDS11-08-1111-08-2611-09-05R 1.0000

Upcoming AGMs**
CodeCompany NameDateStatus
TKGBTelkom SA Ltd30/08/2011Confirmed
TKGATelkom SA Ltd30/08/2011Confirmed
TKGTelkom SA Ltd30/08/2011Confirmed
ERBPErbacon Investment Holdings Ltd31/08/2011Confirmed
RGTRGT Smart Market Intelligence Ltd31/08/2011Unconfirmed

Stock Exchange News Service
29/08/201117:47 First Uranium Corporation - First Uranium enters Management Agreement with
29/08/201117:40 Massmart - Notification of Director`s dealing in Massmart Holdings Limited
29/08/201117:37 Pinnacle Point Group Limited - Update announcement
29/08/201117:36 Pinnacle Point Group Limited - Results of the claw back offer
29/08/201117:29 Nictus Limited - Election of independent non executive chairman of
29/08/201117:08BIRDF - Redefine Properties Limited - Domestic Medium Term Note Programme
29/08/201116:48 African Brick Centre - No change statement and Notice of Annual
29/08/201116:02 Vunani Limited - Trading Statement
29/08/201115:30 MAS plc - Results of the private placement
29/08/201114:59 PBT Group Limited - Cautionary announcement
29/08/201114:38Invs - Investec Bank Limited - Announcement To Warrant Holders Of Their New
29/08/201114:37INVS - Investec Bank Limited - Announcement to warrant holders of their new
29/08/201114:05 Alert Steel Holdings Limited - Posting of circular and Notice of
29/08/201114:00 Alert Steel Holdings Limited - Further details and update on the
29/08/201113:13 Country Bird Holdings Limited - Dealings in securities
29/08/201113:06 Optimum Coal Holdings Limited - Disclosure of significant holding of
29/08/201112:30 Super Group Limited - Dealing in securities by Super Group Share
29/08/201112:15 Ceramic Industries Limited - Trading statement for the financial year
29/08/201112:13CLN000181 - The Standard Bank of South Africa Limited - Interest Rate
29/08/201112:12CLN000180 - The Standard Bank Of South Africa Limited - Interest Rate
29/08/201111:39 Gold One International Limited - Form 604 - notice of change of
29/08/201111:24SCIB/IMPSID - The Standard Bank of South Africa Limited - Dividend announcement
29/08/201111:23SCIB/IMPSTE - The Standard Bank of South Africa Limited - Dividend
29/08/201110:54 Eqstra Holdings Limited - Dealing in securities by a director
29/08/201109:50INL/INP - Investec Limited/Investec plc - Disclosure in accordance with Rule
29/08/201109:45CLN193 - The Standard Bank of South Africa Limited - New Financial Instrument
29/08/201109:28 Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of
29/08/201109:27 Sun International Limited - Profit and Dividend Announcement for the year
29/08/201109:18 Sun International Limited - Results of General Meeting
29/08/201108:18BCX - Business Connexion Group Limited - Discontinuation of the proposed scheme
29/08/201108:00 Distribution and Warehousing Network Limited - Trading Statement
29/08/201108:00 DRDGOLD Limited - Report to shareholders for the quarter and year ended 30
29/08/201107:26 Gold One International Limited - Form 604 - Notice of change of interests
29/08/201107:25 Gold One International Limited - Gold One Signs Financing Agreement for
29/08/201107:10 British American Tobacco p.l.c. - Transaction in own shares
29/08/201107:05 The Bidvest Group Limited - Audited results for the year ended June 30

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