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The Sharenet Daily 
Thursday, 22 September 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
 
S.Africa rand hits 26-month low after dovish c.bank comments

By Stella Mapenzauswa

JOHANNESBURG (Reuters) - South Africa's rand briefly hit a new 26-month low against the dollar on Thursday, and bonds trimmed losses, after a central bank statement was largely viewed as dovish but the currency stabilised in late trade after two days of hefty losses.

The South African Reserve Bank left the repo rate unchanged at 5.5 percent as expected, but highlighted the fragility of the economy's recovery and risks from the global financial crisis.

The rand hit a low of 8.34 after the bank's statement. It later steadied and was trading at 8.2650 by 1543 GMT, 0.24 percent firmer than Tuesday's New York close of 8.30, after sliding 7 percent on Wednesday as investors dumped riskier assets on doubts the U.S. Federal Reserve's latest moves would shore up the U.S. economy.

The rand has plunged nearly 20 percent in the past three weeks, hurt by unfavourable risk sentiment in global markets.

"Wall Street is still down substantially, European equities are taking a big hit, and U.S. Treasuries are still rallying very hard. That's keeping the rand under pressure at this stage," said Chris Becker, analyst at ETM.

Central bank Governor Gill Marcus said the sharply weaker rand was an "upside risk" to inflation but it was difficult to say how long the current bout of weakness would last.

Anisha Arora, emerging market analyst at 4CAST said there was scope for further losses.

"At this stage, fresh negative news could indeed spark another round of rand selloff and when the rand moves, it moves far and fast," she said, adding there could be a bit of short-term relief.

BONDS TRIM LOSSES

Bonds were weaker on the day, but trimmed losses after the central bank statement, bringing yields down from multi-week highs.

The yield on the 2015 bond was up 16 basis points at 7.03 percent, off six-week highs of 7.07 seen earlier.

The 2026 yield went up 12.5 basis points to 8.54 percent, also off two-month highs of 8.575 percent.

"The market is leaning towards the side of a greater chance that there will be a rate cut rather than a rate hike," Becker said. "But certainly the market ... isn't quite as convinced of a rate cut (as before)."

Thu, 22 Sep 2011
Top News
[IMAGE]
South Africa's Reserve Bank left its repo rate unchanged on Thursday and struck a dovish note as it balanced its concerns for domestic economic growth with an expected increase in inflation stemming from a sharply weaker rand.  Full story
[IMAGE]
South African stocks fell sharply on Thursday, booking their biggest one-day decline in six weeks, as investors worldwide dumped risky assets on worries the global economy could slip back into recession.  Full story
The state of Georgia executed convicted murderer Troy Davis on Wednesday in a case that drew international attention because of claims by his advocates that he may have been innocent.  Full story
U.S. President Barack Obama's opposition to the Palestinians' bid for membership of the United Nations is turning their deep disappointment with his Middle East policy to outright anger.  Full story
The Haqqani militant network is a "veritable arm" of Pakistan's powerful ISI intelligence service, which supported the group as it launched a startling attack last week on the U.S. Embassy in Kabul, the top U.S. military officer said on Thursday.  Full story
 
SA Business
South Africa's rand hit a new 26-month low against the dollar on Thursday, after the central bank left rates unchanged at. . .  Full story
South Africa's rand bounced from two year lows against the dollar on Thursday but remained vulnerable as investors dumped high risk. . .  Full story
South African stocks extended losses on Thursday, tumbling more than 3 percent, as investors sold everything from luxury goods maker Richemont. . .  Full story
A meeting of emerging economies on Thursday will consider a Brazilian proposal to buy European bonds to help crisis-hit euro zone. . .  Full story
South Africa's Naspers sold its 30 percent stake in Africa's largest mobile instant messenger, MXit, to technology investment firm World of Avatar for an undisclosed amount, two of the companies said. . .  Full story
Most offshore funds stepped up the pace of reducing exposure to emerging Asian currencies on spot and non-deliverable forward (NDF) markets on Thursday, pushing the South Korean won to a one-year low and giving. . .  Full story
Brazil's proposal that large emerging economies jointly provide new funds to help ease the euro zone crisis is not feasible, Wei Jianguo, a former Chinese vice commerce minister, told Reuters on Thursday.. . .  Full story
Company News
Shareholders of the company are advised that at the board meeting held today, Mr. Leon Campher resigned as independent non-executive director. . .  Full story
Shareholders are advised that Nu-World, for its year ended 31 August 2011, is expecting a decline in earnings per share ("EPS"). . .  Full story
Further to the announcement released on SENS on 31 August 2011 wherein shareholders were advised that Mr Riaan Verster had resigned. . .  Full story
Further to the cautionary announcement dated 11 August 2011 shareholders are advised that Kagiso Media has accepted an offer to sell. . .  Full story
Ideco announce that it has signed a sale of shares and claims agreement ("the sale agreement"), dated 21 September 2011, with. . .  Full story
The company advised that its annual report, incorporating the audited financial statements for the year ended 30 June 2011, is available. . .  Full story
Business Report noted that the Department of Mineral Resources will decide in a few weeks whether it will withdraw the new. . .  Full story
According to Business Report, legal action has been initiated against Anglo subsidiary, Anglo American South Africa, in the UK's high court. . .  Full story
Company Results
These are AdaptIT's first 12 months results following a year-end change, the prior year's results are for 16 months and are. . .  Full story
The loss from operations widened to USD70.6 million (loss of USD1.6 million). The net attributable loss grew to USD46.7 million (loss. . .  Full story
Sales for the year ended 30 June 2011 increased to R1.3 billion (2010: R1.2 billion). Profit from operations grew to R98.4. . .  Full story
The company reported an operating loss of GBP1.2 million (2010: loss of GBP1.3 million). Loss attributable to ordinary equity holders of. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0030323.04-988.13-3.16%
JSE Top 4017:0027050.66-945.57-3.38%
JSE Gold17:003124.00-41.71-1.32%
JSE Financial17:0020746.22-559.54-2.63%
JSE Industrial17:0031959.97-1066.90-3.23%
JSE Indust 2517:0026866.92-956.96-3.44%
JSE Resource17:0049805.34-1772.15-3.44%
DJ Futures20:0010600.00-422.00-3.83%
DJ Ind19:4510681.98-442.86-3.98%
SP 50020:001123.00-43.76-3.75%
Nasdaq20:002442.86-95.33-3.76%
FTSE 10017:355041.61-246.80-4.67%
DAX18:065164.21-269.59-4.96%
CAC4018:062781.68-154.14-5.25%
Nikkei08:268560.26-160.98-1.85%
Shanghai09:262443.06-69.90-2.78%
Hang-Seng09:4617956.48-1058.32-5.57%
All Ords08:364044.70-108.90-2.62%
NZSE 5007:463312.2821.660.66%
NameTimeRPMove% Move
Gold19:591735.18-42.95-2.41%
Gold/Rand20:0014371.98-372.31-2.53%
Gold/R kg20:00462059-14117-2.96%
Silver19:5936.2780-3.2270-8.17%
Platinum19:591692.50-63.95-3.64%
Palladium19:59649.55-37.35-5.44%
R15716:067.02.182.63%
R20416:068.01.172.17%
Brent Crude19:56107.79-6.11-5.36%
Rand / Dollar19:598.2827-0.0034-0.04%
Rand / Pound19:5512.6715-0.1367-1.07%
Rand / Euro19:5511.1305-0.1168-1.04%
Rand / NZD19:586.4342-0.2250-3.38%
Rand / AUD19:558.0698-0.2602-3.12%
Yen / Dollar19:5476.4200-0.0100-0.01%
Euro / Dollar19:550.74290.00720.98%
Dollar / Euro19:581.3454-0.0133-0.98%
Pound / Dollar19:550.65090.00661.02%

Click here for the Sharenet Spot Price page
The JSE Today
 Trading Statistics
DateAdv.Decl.Unch.ActivesVolumeValueTradesOrders
22/09/20118429576455343,357,592R16,082,172,2401450263013650
21/09/201124617286504300,562,590R15,640,701,9531265282524242
20/09/201123712487448233,481,242R12,127,472,792876452517231
19/09/201115120679436453,259,208R12,611,007,0701015162456355
16/09/201118615386425298,294,485R11,990,751,285955652438342
Major Moves Up
SharenameSaleMove% MoveVolume
1 AFOVR-N  16001006.67.%6000
2 AFRO-C  20094.71.%28050
3 PHUMELELA  1150504.55.%3700
4 CALGRO  14564.32.%685
5 NEPI  34751153.42.%12955
6 TREMATON  15553.33.%5000
7 DIGICOR  30093.09.%432060
8 BRIMST-N  690202.99.%16900
9 NICTUS  18052.86.%2000
10 AMECOR  18942.16.%59100
11 GOLDONE  42992.14.%1884874
12 S-OCEAN  14832.07.%5200
13 REDEFINTL  610101.67.%15600
14 TRNSHEX  33051.54.%39795
15 ARGENT  700101.45.%640419
16 FREEWORLD  890101.14.%
17 ILLOVO  2440251.04.%136899
18 CAT  1469100.69.%336421
19 HCI  8190500.61.%128950
20 HULAMIN  71940.56.%30199

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Major Moves Down
SharenameSaleMove% MoveVolume
1 RANGOLD  230-30-11.54.%1500
2 NUWORLD  1800-180-9.09.%94
3 EASTPLATS  528-42-7.37.%73798
4 JUBILEE  177-12-6.35.%9744
5 RICHEMONT  4056-258-5.98.%11467207
6 MAZOR  127-8-5.93.%200
7 MONDILTDP  6084-355-5.51.%245586
8 GBGOLD  1655-95-5.43.%2049
9 MRPRICE  6900-385-5.28.%1800973
10 TFG  8790-488-5.26.%1737923
11 BIDVEST  14592-805-5.23.%731429
12 BILLITON  22065-1215-5.22.%5699040
13 AQUARIUS  2590-140-5.13.%43661
14 DELTA  750-40-5.06.%200
15 KUMBAIO  44275-2352-5.04.%764203
16 OANDO  170-9-5.03.%11667
17 LONMIN  13782-697-4.81.%593130
18 EXXARO  18300-920-4.79.%2964540
19 GRANPRADE  300-15-4.76.%225000
20 WOOLIES  3512-175-4.75.%7877688

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New Highs
SharenameSaleHighMove% MoveVolume
1 AFOVR-N  160016001006.67.%6000
2 NEPI  347537001153.42.%12955
3 AMECOR  18918942.16.%59100
4 GOLDONE  42942992.14.%1884874
5 HARMONY  1050010830-100-0.94.%3089154
6 GFIELDS  1393214543-169-1.20.%3175573
7 VUKILE  14001581-20-1.41.%264636
8 ANGGOLD  3715038250-564-1.50.%2396673

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New Lows
SharenameSaleLowMove% MoveVolume
1 OANDO  170155-9-5.03.%11667
2 TELKOM  32673267-124-3.66.%372303
3 PIKWIK  15431522-28-1.78.%231819
4 PICKNPAY  37033620-67-1.78.%505146

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Index Summary
Index NameRPMove% Move
Top 4027,050.66-945.57-3.38%
Industrial31,959.97-1066.90-3.23%
Mid Cap41,093.88-891.07-2.12%
Small Cap31,163.51-389.69-1.24%
Resource 2049,805.34-1772.15-3.44%
Industrial 2526,866.92-956.96-3.44%
Financial 157,737.88-234.56-2.94%
Financial & Ind. 3029,686.11-1026.46-3.34%
All Share30,323.04-988.13-3.16%
Oil & Gas 25,699.86-530.08-2.02%
Mining 32,739.02-1205.26-3.55%
Gold Mining3,124.00-41.71-1.32%
Platinum Mining64.99-.51-0.78%
GENERAL MINING7,654.58-383.85-4.78%
Oil & Gas Producers 13,818.34-285.02-2.02%
Basic Materials 27,627.14-1023.28-3.57%
Chemicals 12,301.93-185.72-1.49%
Forestry & Paper 12,555.69-496.69-3.81%
Industrial Metals 26,377.16-1204.02-4.37%
Industrials 26,472.96-806.32-2.96%
General Industrials 73,745.56-2545.88-3.34%
Consumer Goods 27,332.47-946.07-3.35%
Automobiles & Parts 3,620.87-2.26-0.06%
Household Goods145.72-5-3.29%
Health Care 33,583.35-349.67-1.03%
Beverages 88.69-1.87-2.06%
Index NameRPMove% Move
Food Producers 48,051.79-552.29-1.14%
Personal Goods 405.10-25.77-5.98%
Consumer Services 52,460.15-1681.47-3.11%
General Retailers 42,867.53-1842.42-4.12%
Travel & Leisure 3,534.06-40.08-1.12%
Media 76.65-2.47-3.12%
Support Services 2,182.62-12.61-0.57%
Telecommunications 65,032.00-2581.84-3.82%
Financials 20,746.22-559.54-2.63%
Banks 38,750.68-1183.21-2.96%
Non-life Insurance 33,221.26-317.66-0.95%
Life Insurance 15,179.28-486.42-3.11%
General Financial 2,090.09-60.45-2.81%
Technology 23,193.97-257.39-1.10%
SHARIAH TOP40 2,936.86-113-3.72%
FTSE/JSE SHARIAH ALL3,002.00-110-3.55%
COAL MINING24,998.32-1105-4.23%
FTSE JSE Fledgling 4,464.12-69-1.53%
FTSE/JSE Alt X 1,115.86-11-0.99%
SA LISTED PROPERTY 379.84-1.08%
CAPPED PROPERTY 310.52-1.30%
RESOURCE 27,644.27-957-3.34%
DIVIDEND PLUS163.70-5-2.76%
FTSE/JSE RAFI 406,253.05-212-3.28%
Capped Top 4014,262.17-483-3.28%
Capped All Share15,335.13-494-3.12%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
NEDNEDBANK GROUP LTDHOLD20 Sep
SBKSTANDARD BANK GROUP LIMIT...SELL20 Sep
AIPADCOCK INGRAM HLGS LDHOLD20 Sep
LHCLIFE HEALTHCARE GRP HLDG ...BUY20 Sep
SABSABMILLER PLCHOLD20 Sep
Results Expected**
ExpectedCompany NameFin. Date
23 Sep 2011AFEAGLEJune 2011 (Interim)
23 Sep 2011BOWCALFJune 2011 (Final)
26 Sep 2011AMAPSJune 2011 (Final)
27 Sep 2011AFRO-CJune 2011 (Final)
27 Sep 2011AFROC-PJune 2011 (Final)
Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
KGMEDIA11-09-2211-10-0711-10-17R 0.3800
ELBGROUP11-09-2111-10-2111-10-31R 0.4000
ELBGROUP611-09-2111-10-2111-10-31R 0.0600
ADAPTIT11-09-2111-10-1411-10-24R 0.0284
CASHBIL11-09-2011-10-0711-10-17R 1.3900
Ex Div**
Share NameDec-DateLDTPay-DateAmount
MWNT11-09-0911-09-1611-09-30R 55.0000
MWNT11-09-0911-09-1611-09-30R 55.0000
ARM11-08-3111-09-1611-09-26R 4.5000
CAPITEC-P11-08-3111-09-1611-09-26R 3.4027
PSGFIN PREF11-09-0111-09-1611-09-26R 3.4024
Upcoming AGMs**
CodeCompany NameDateStatus
RACCRECM - Calibre Ltd22/09/2011Confirmed
COLPColliers South Africa Holdings Ltd22/09/2011Confirmed
RACPRECM - Calibre Ltd22/09/2011Confirmed
COLColliers South Africa Holdings Ltd22/09/2011Confirmed
BSSBSI Steel Ltd23/09/2011Confirmed
Stock Exchange News Service
DateTimeHeadline
22/09/201117:42 Nampak Limited - Exercise of share options and sale of shares by a
22/09/201117:24 Real Africa Holdings Limited - No change statement and notice of Annual
22/09/201117:23 Amalgamated Appliance Holdings Limited - Change to the board of directors,
22/09/201117:19GEN - FTSE/JSE Africa Index Series - Hyprop Investments Ltd (South Africa):
22/09/201117:18GEN - FTSE/JSE Africa Index Series - Sallies Ltd (South Africa): Shares in Issue
22/09/201117:00 NU-World Holdings Limited - Trading Statement
22/09/201116:55 Village Main Reef Limited - Dealing in Securities
22/09/201116:47EQS04 - Eqstra Corporation (Proprietary) Limited - Interest Rate Reset
22/09/201116:44 Bell Equipment Limited - Appointment of interim company secretary
22/09/201116:43 Stellavista Technologies Limited - Appointment of auditors and company
22/09/201116:42 Kagiso Media Limited - Audited results and dividend declaration for the
22/09/201116:40 Sable Holdings Limited - Trading Statement
22/09/201116:40 Kagiso Media Limited - Further cautionary announcement
22/09/201116:26RACP - RECM and Calibre Limited - Results of the Annual General Meeting
22/09/201116:26OML - Old Mutual plc - Form 8.3
22/09/201116:25OML - Old Mutual Plc - Form 8.3
22/09/201116:00 Pan African Resources plc - TR-1: Notification of major interest in shares
22/09/201116:00 Ideco Group Limited - Disposal of Ideco Biometric Security Solutions
22/09/201115:57 The Bidvest Group Limited - Directors` dealings in securities
22/09/201115:47 Pan African Resources PLC - Nominated Adviser Change of Registered Name
22/09/201115:12 Metorex Limited - Announcement regarding the disposal by Metorex of
22/09/201114:35DMTN - Eskom Holdings Soc Limited - DMTN increase
22/09/201114:00 BioScience Brands Limited - Management agreement containing an Issue of
22/09/201113:59BIFR1 - FirstRand Bank Limited - Interest Rate Reset Announcement
22/09/201113:37 UCS Group Limited - Results of general meeting and remaining conditions
22/09/201113:21 Growthpoint Properties Limited - Dealing in securities by director
22/09/201112:59 Alert Steel Holdings Limited - Notice regarding the release of
22/09/201112:47BIIK - iKhaya RMBS 2 Limited - Interest rate reset announcement
22/09/201112:25 Nutritional Holdings Limited - Trading update
22/09/201112:21INL/INP - Investec Limited/Investec plc - Form 8 (DD)
22/09/201112:20INL/INP - Investec - FORM 8 (DD)
22/09/201111:40 Resource Generation Limited - No change statement and notice of
22/09/201111:25 Village Main Reef Limited - Reviewed results for the year ended 30
22/09/201111:22 Exxaro Resources Limited - Trading of Exxaro ordinary shares on
22/09/201111:19PSG/PLD - PSG Group Limited/Paladin Capital Limited - Results of Scheme
22/09/201111:00 Country Bird Holdings Limited - Dealings in securities
22/09/201110:20 Lonrho Plc - Change of accounting reference date
22/09/201110:11BISTDB - The Standard Bank of South Africa Limited - New Financial
22/09/201109:50INL/INP - Investec Limited/Investec Plc - Disclosure in accordance with Rule
22/09/201109:45 Resource Generation Limited - Investor Presentation Update
22/09/201109:40 Gold One - Notice of Initial Substantial Holder
22/09/201109:23 Hardware Warehouse Limited - Change to the board of directors
22/09/201109:00 Simmer & Jack Mines Limited - Reviewed condensed provisional
22/09/201108:58 Sallies Limited - Changes to the board of directors
22/09/201108:56BIIVU - iVuzi Investments Limited - Full Capital Redemption
22/09/201108:55 Kumba - Terms announcement
22/09/201108:15 Eqstra Holdings Limited - Change to the board of directors
22/09/201108:09BIFR1 - FirstRand Bank Limited - Interest Rate Reset Announcement
22/09/201108:00 DiamondCorp plc - Interim Results (unaudited) for the six month period
22/09/201107:54 Village Main Reef Limited - Production disruption at Consolidated
22/09/201107:10 Anglo American plc - Treasury Shares - Transfers
22/09/201107:10 British American Tobacco p.l.c - Transaction in own shares
22/09/201107:10SYN865 - Synthesis Funding Limited - New Financial Instrument Listing

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