Friday, 21 October 2011 - 20:00
Charts
S.Africa's rand off two-week low, bonds gain
By Phumza Macanda
JOHANNESBURG (Reuters) - South Africa's rand ended the week with its biggest loss in a month on Friday but had bounced from two-week lows on hopes that European leaders were close to a deal that will recapitalise banks and stop the debt crisis from spreading.
As a heavily traded currency in global markets the rand has been at the mercy of shifting investor sentiment that has led to wide gyrations on the back of uncertainty about the outcome of the debt situation.
After starting on a weaker note, the rand recovered mid-session, climbing further from a two-week low of 8.27 hit Thursday.
By 1535 GMT, it was trading at 8.06 against the dollar, 1.13 percent firmer that Thursday's New York close of 8.1505.
"The euro had a good day so we are seeing the rand coming back," said Ion de Vleeschauwer, chief dealer at Bidvest.
"There's hope that this weekend's Europe meeting will bear some fruit so people are getting back into risky assets."
A weekly close below 8.00 will be a strong signal that the rand has shrugged off Thursday's weakness and could target 7.90 early next week, especially if the euro maintains its gains.
The rand lost has lost 3.5 percent so far this week, the first weekly loss in three weeks and the worst in a month.
IFR, a Reuters markets analysis service, said the weaker trend was still intact and the rand could break 8.3520 on the upside.
Government bonds ended slightly firmer on the day.
The long end of the curve came under a bit of pressure this week on expectations that Finance Minister Pravin Gordhan will announce wider fiscal deficits next week when he presents his three-year policy plan.
The yield spread between the 2015 and 2026 bonds is trading at record highs this week in anticipation of increased issuance at the longer end of the curve to make up for weak revenue.
The yield on the 2015 bond was down three basis points to 6.7 percent and that on the 2026 note slipped 0.5 basis points to 8.415 percent.
Fri, 21 Oct 2011
Top News
South African stocks ended sharply higher on Friday, booking their third straight day of gains, with miners among the top performers as commodity prices cruised higher. Full story
Revenue for the year decreased to R409 000 (2010: R421 000). Gross profit fell to R76 000 (2010: R128 000), but the operating loss narrowed to R3.6 million (2010: loss of R3.7 million), while loss attributable to equity holders of the parent widened to R3 million (2010: loss of R1.4 million) Full story |
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Muammar Gaddafi's body lay in an old meat store on Friday as arguments over a burial, and his killing after being captured, dogged efforts by Libya's new leaders to make a formal start on a new era of democracy. Full storyU.S. Secretary of State Hillary Clinton said Friday that the United States had held a preliminary meeting with representatives of the Haqqani network, a group of militants Washington has blamed for a series of attacks in Afghanistan. Full storyPresident Barack Obama said on Friday the United States will fulfil its pledge to pull troops out of Iraq by the end of the year. Full story |
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Markets | U.S. stocks rose to their
highest levels in more than two months on Friday in
anticipation of a weekend European Union debt-crisis summit
that. . . Full story | | Global equities surged and the
euro gained on Friday as investors bet that European leaders
over the next few days will move forward. . . Full story | | European stocks rallied on Friday,
ending a roller-coaster week on a positive note as investors bet
that measures to stop contagion from the. . . Full story | | Gold rose 1 percent on
Friday, breaking a four-day losing streak, as bullion moved in
sync once again with riskier assets on optimism. . . Full story |
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| U.S. stocks advanced on
Friday, with the Dow up 2 percent by midday trade, as investors
looked forward to a weekend European Union. . . Full story | | Britain's top share index rose on
Friday, erasing the previous session's losses, as investors took
positions ahead of the European leaders' summit on. . . Full story | | European stocks rallied on Friday,
ending a roller-coaster week on a positive note as investors bet
that swift measures to stop contagion from. . . Full story | | U.S. stocks rose on Friday to
levels unseen since early August on the eve a European Union
debt-crisis summit that could go some. . . Full story |
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SA Business | The rand weakened against the dollar on Friday, hovering around a key support level that, if breached, could see it tumble to 8.27, as happened in its previous session.. . . Full story |
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| Libya's new leaders will have to
dig deep to find billions of dollars in cash and assets that
Muammar Gaddafi and his family. . . Full story | | South Africa's Finance
Minister Pravin Gordhan is fast running out of safe fiscal
options that would not threaten credit ratings as he faces. . . Full story | | South Africa's Royal Bafokeng Platinum said on Friday a wage strike by contract miners at its Bafokeng Rasimone Platinum mine will. . . Full story | | France Telecom has finalised plans to buy Congo Chine Telecome, CCT, a mobile phone operator in Democratic Republic of Congo, the. . . Full story |
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Company News | Shareholders were advised that the company's annual report, incorporating the audited financial statements for the year ended 30 April 2011, was. . . Full story | | Shareholders were advised that Mvela Group has entered into negotiations, which if successfully concluded may have a material effect on the. . . Full story | | At the sixteenth annual general meeting of the shareholders of AFGRI held on 21 October 2011, all the ordinary resolutions, except. . . Full story | | MMI announced the appointment of Mark van der Watt as the new CEO of Momentum Retail, one of the group's six. . . Full story |
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| The board of directors of Bluetel announced the appointment of Mr SJ (Jerry) Vilakazi to the board as a non-executive director with immediate effect.. . . Full story | | In respect of the consolidated financial statements of Resgen for the year ended 30 June 2011 released on 24 August 2011 the following additional information is provided.
30 June 11 &. . . Full story | | RBPlat advised that members of the National Union of Mineworkers ("NUM") employed by JIC Mining Services("JIC")("contract miners"), have embarked on a protected strike action since Monday 17 October 2011, resulting from. . . Full story |
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Company Results | Group revenue increased by 12% to R1 billion (R908.3 million), while operating profit improved 8% to R183.8 million (R170.1 million) reflecting. . . Full story | | Revenue for the year ended 31 August 2011 increased by 6.4% to R14.8 billion (2010: R13.9 billion). Gross profit rose by. . . Full story | | Revenue for the interim period increased to R40.8 million (2010: R38.7 million). Gross profit more than doubled to R40.8 million (2010:. . . Full story | | Revenue rose to R29.5 million (R28 million) but net income from rentals and investments dropped to R17.9 million (R18.4 million). Operating. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 31449.99 | 613.10 | 1.99% | JSE Top 40 | 17:00 | 28165.61 | 619.03 | 2.25% | JSE Gold | 17:00 | 2794.75 | 18.06 | 0.65% | JSE Financial | 17:00 | 21484.80 | 329.92 | 1.56% | JSE Industrial | 17:00 | 33642.70 | 576.57 | 1.74% | JSE Indust 25 | 17:00 | 28466.55 | 550.27 | 1.97% | JSE Resource | 17:00 | 51081.11 | 1260.54 | 2.53% | DJ Futures | 19:50 | 11650.00 | 179.00 | 1.56% | DJ Ind | 19:45 | 11702.23 | 160.45 | 1.39% | SP 500 | 20:00 | 1227.73 | 12.34 | 1.02% | Nasdaq | 20:00 | 2614.73 | 16.11 | 0.62% | FTSE 100 | 17:35 | 5488.65 | 103.97 | 1.93% | DAX | 18:06 | 5970.96 | 204.48 | 3.55% | CAC40 | 18:06 | 3171.34 | 87.27 | 2.83% | Nikkei | 08:26 | 8678.89 | -3.26 | -0.04% | Shanghai | 09:26 | 2317.28 | -14.09 | -0.60% | Hang-Seng | 10:26 | 18025.72 | 42.62 | 0.24% | All Ords | 07:39 | 4203.40 | -3.40 | -0.08% | NZSE 50 | 06:46 | 3281.16 | -8.61 | -0.26% |
| | Name | Time | RP | Move | % Move | Gold | 19:59 | 1635.70 | 16.60 | 1.03% | Gold/Rand | 20:00 | 13192.90 | -1.64 | -0.01% | Gold/R kg | 20:00 | 424152 | -1028 | -0.24% | Silver | 19:59 | 31.1980 | .7080 | 2.32% | Platinum | 19:59 | 1503.00 | 11.35 | 0.76% | Palladium | 19:59 | 614.25 | 30.50 | 5.22% | R157 | 16:06 | 6.69 | .01 | 0.15% | R204 | 17:06 | 7.74 | .02 | 0.19% | Brent Crude | 19:56 | 111.08 | 1.52 | 1.39% | Rand / Dollar | 19:59 | 8.0656 | -0.0827 | -1.01% | Rand / Pound | 19:55 | 12.7911 | -0.0567 | -0.44% | Rand / Euro | 19:55 | 11.1427 | -0.1086 | -0.97% | Rand / NZD | 19:58 | 6.4493 | -0.0145 | -0.22% | Rand / AUD | 19:55 | 8.3045 | -0.0335 | -0.40% | Yen / Dollar | 19:57 | 76.1900 | -0.6230 | -0.81% | Euro / Dollar | 19:55 | 0.7221 | -0.0035 | -0.48% | Dollar / Euro | 19:59 | 1.3833 | 0.0055 | 0.40% | Pound / Dollar | 19:55 | 0.6274 | -0.0058 | -0.92% |
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The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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21/10/2011 | 229 | 115 | 82 | 426 | 271,192,784 | R13,189,349,713 | 86643 | 2328221 | 20/10/2011 | 135 | 221 | 63 | 419 | 294,228,087 | R15,078,423,816 | 109795 | 2678896 | 19/10/2011 | 217 | 130 | 88 | 435 | 322,639,850 | R14,892,217,983 | 109924 | 2334961 | 18/10/2011 | 155 | 172 | 86 | 413 | 271,999,318 | R11,918,290,678 | 101576 | 2533023 | 17/10/2011 | 161 | 162 | 96 | 419 | 207,941,493 | R10,202,340,008 | 103006 | 2279175 |
Index Summary Index Name | RP | Move | % Move | Top 40 | 28,165.61 | 619.03 | 2.25% | Industrial | 33,642.70 | 576.57 | 1.74% | Mid Cap | 41,778.31 | 280.77 | 0.68% | Small Cap | 31,644.94 | 154.98 | 0.49% | Resource 20 | 51,081.11 | 1260.54 | 2.53% | Industrial 25 | 28,466.55 | 550.27 | 1.97% | Financial 15 | 8,039.76 | 151.71 | 1.92% | Financial & Ind. 30 | 31,354.40 | 630.65 | 2.05% | All Share | 31,449.99 | 613.10 | 1.99% | Oil & Gas | 27,092.26 | 794.48 | 3.02% | Mining | 33,226.08 | 786.27 | 2.42% | Gold Mining | 2,794.75 | 18.06 | 0.65% | Platinum Mining | 63.19 | 1.33 | 2.15% | GENERAL MINING | 8,155.46 | 239.18 | 3.02% | Oil & Gas Producers | 14,567.01 | 427.18 | 3.02% | Basic Materials | 28,018.89 | 645.00 | 2.36% | Chemicals | 12,840.83 | 54.44 | 0.43% | Forestry & Paper | 11,679.07 | 7.29 | 0.06% | Industrial Metals | 27,655.13 | 776.58 | 2.89% | Industrials | 27,254.79 | 226.37 | 0.84% | General Industrials | 76,588.87 | 780.06 | 1.03% | Consumer Goods | 30,166.52 | 775.16 | 2.64% | Automobiles & Parts | 3,713.71 | -33.97 | -0.91% | Household Goods | 149.09 | 3 | 1.96% | Health Care | 33,996.15 | 227.26 | 0.67% | Beverages | 100.81 | 2.22 | 2.25% |
| | Index Name | RP | Move | % Move | Food Producers | 51,090.40 | 650.84 | 1.29% | Personal Goods | 438.76 | 16.38 | 3.88% | Consumer Services | 54,961.71 | 851.24 | 1.57% | General Retailers | 45,084.50 | 496.25 | 1.11% | Travel & Leisure | 3,464.69 | -24.02 | -0.69% | Media | 81.41 | 2.37 | 3.00% | Support Services | 2,238.45 | -11.07 | -0.49% | Telecommunications | 65,119.64 | 685.40 | 1.06% | Financials | 21,484.80 | 329.92 | 1.56% | Banks | 39,682.35 | 547.98 | 1.40% | Non-life Insurance | 33,463.75 | -242.49 | -0.72% | Life Insurance | 16,058.67 | 335.66 | 2.13% | General Financial | 2,156.52 | 44.41 | 2.10% | Technology | 23,498.50 | 130.63 | 0.56% | SHARIAH TOP40 | 3,012.72 | 70 | 2.38% | FTSE/JSE SHARIAH ALL | 3,072.40 | 66 | 2.18% | COAL MINING | 22,903.89 | 100 | 0.44% | FTSE JSE Fledgling | 4,501.30 | 22 | 0.50% | FTSE/JSE Alt X | 1,119.67 | -3 | -0.23% | SA LISTED PROPERTY | 387.71 | | 0.31% | CAPPED PROPERTY | 320.76 | | 0.52% | RESOURCE | 28,204.15 | 690 | 2.51% | DIVIDEND PLUS | 168.68 | 2 | 1.33% | FTSE/JSE RAFI 40 | 6,504.33 | 127 | 1.99% | Capped Top 40 | 14,810.89 | 314 | 2.16% | Capped All Share | 15,885.23 | 303 | 1.95% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | NED | NEDBANK GROUP LTD | HOLD | 19 Oct | OCT | OCTODEC INVESTMENTS LIMIT... | SELL | 19 Oct | SBK | STANDARD BANK GROUP LIMIT... | HOLD | 19 Oct | AIP | ADCOCK INGRAM HLGS LD | HOLD | 19 Oct | IPF | INVESTEC PROPERTY FUND LT... | HOLD | 19 Oct |
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Results Expected** Expected | Company Name | Fin. Date | 25 Oct 2011 | SANYATI | August 2011 (Interim) | 26 Oct 2011 | AQUARIUS | September 2011 (Q) | 26 Oct 2011 | AQUARIUSCVT | September 2011 (Q) | 26 Oct 2011 | KAIROS | August 2011 (Interim) | 26 Oct 2011 | PSV | August 2011 (Interim) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | CLICKS | 11-10-20 | 12-01-20 | 12-01-30 | R 0.8800 | OASIS | 11-10-20 | 11-11-04 | 11-11-14 | R 0.4710 | FAMBRANDS | 11-10-20 | 11-12-08 | 11-12-19 | R 0.8000 | PIKWIK | 11-10-19 | 11-12-02 | 11-12-12 | R 0.1091 | PICKNPAY | 11-10-19 | 11-12-02 | 11-12-12 | R 0.2250 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | SHFINV-PREF | 11-09-06 | 11-10-21 | 11-10-31 | R 3.5500 | NTC PREF | 11-10-03 | 11-10-21 | 11-10-31 | R 3.3842 | WBHO | 11-09-05 | 11-10-14 | 11-10-24 | R 2.2000 | EOH | 11-09-12 | 11-10-21 | 11-10-31 | R 0.4800 | PHUMELELA | 11-09-30 | 11-10-14 | 11-10-24 | R 0.4300 |
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Upcoming AGMs** Code | Company Name | Date | Status | ADI | Adapt IT Holdings Ltd | 21/10/2011 | Unconfirmed | IRA | Infrasors Holdings Ltd | 21/10/2011 | Confirmed | AFR | AFGRI Ltd | 21/10/2011 | Confirmed | SRN | Seardel Investment Corporation Ltd | 24/10/2011 | Confirmed | HCI | Hosken Consolidated Investments Ltd | 24/10/2011 | Confirmed |
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