Friday, 28 October 2011 - 20:00
Charts
S.Africa's rand gains vs dollar, eyes on credit, PMI data
By Phumza Macanda
JOHANNESBURG (Reuters) - South Africa's rand firmed on Friday and was on course to record its best week in two years, still benefiting from news of a deal towards resolving the euro zone debt crisis.
Government bonds retreated a bit, taking a breather after this week's gains that saw yields -- which move inversely -- fall to multi-week lows.
Focus next week turns to a slew of data, including credit and money supply numbers on Monday, which will give a clue about whether monetary conditions are improving enough to point to a sustained recovery in Africa's largest economy.
The rand was trading at 7.7031 to the dollar at 1525 GMT, 0.4 percent stronger than Thursday's New York close of 7.7340.
The rand has come back from 28-month lows of 8.4950 hit in September but remains vulnerable to developments in the euro zone, a region that is a major trading partner of South Africa.
"If everything in Europe is sorted out, then the rand should strengthen. It's dependent on the euro really," said Jim Bryson, chief dealer at Rand Merchant Bank.
The rand has gained 3.8 percent this week, hitting its 50-day moving average for the first time since early September.
The firming trend is not convincing just yet and it will have to close below 7.75 to the dollar and break 7.70 to signal a potential move towards 7.50, Bryson said.
After strong gains this week, government bonds retreated a bit as market players took some profit. The yield on the 2015 bond went up two basis points to 6.56 percent and that on the 2026 yield up 1.5 basis points to 8.245 percent.
On Monday, data is expected to show growth in credit demand slowed to 5.77 percent year-on-year in September. A lower than expected figure could boost bonds as it would support the case for another interest rate cut to boost the recovery.
Purchasing Managers' Index numbers on Tuesday could prove to be another boon for bonds, especially if forward-looking components of the index such as new sales order point to further weakness in the key manufacturing sector.
"If it continues to weaken, chances are better than even that the manufacturing sector will be the next supply sector to fall into recession, blighting prospects of an economic recovery, and adding pressure on the Reserve Bank to ease monetary policy," said Colen Garrow, economist at Brait.
Fri, 28 Oct 2011
Top News
South African stocks closed at their highest point in six months on Friday, as global markets breathe a collective sigh of relief following Europe's agreement on a plan to deal with the region's debt crisis. Full story
Revenue more than tripled to R20.5 million (R6.2 million) and operating profit jumped hugely to R26.7 million (R2.3 million). Total profit for the period grew remarkably to R19.4 million (R871 000), while headline earnings per share improved to 0.53cps (0.40cps).
Dividend
No dividends we Full story |
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Smoke billowed from a wrecked police station in Tunisia's Sidi Bouzid Friday after protesters angry that their election candidates were disqualified rampaged through the town that was the cradle of the "Arab Spring" revolt. Full storyFrom deep in the Sahara, fearing that he will share his father's bloody fate at the hands of vengeful Libyans and calling in old favours bought with oil from desert tribes and African strongmen, Saif al-Islam Gaddafi may be bartering a future. Full storyRescue workers pulled a 13-year-old boy alive out of the rubble of an apartment block on Friday, five days after a powerful earthquake that killed at least 570 people in eastern Turkey. Full story |
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Markets | European shares slipped on Friday
after the previous session's rally on the European Union's debt
deal, as a disappointing Italian bond auction fuelled. . . Full story | | U.S. stocks edged lower on
Friday as investors paused after a rally that lifted the S&P
500 index almost 20 percent from near. . . Full story | | U.S. and European shares took
a breather after a strong rally built on a long-awaited euro
zone rescue deal, but a weak sale. . . Full story | | Britain's FTSE 100 share
index closed down on Friday, as investors gave pause to the
sharp gains made on the outline deal announced. . . Full story |
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| European shares slipped on Friday
after the previous session's rally, while Italian stocks
underperformed after yields at a bond auction.. . . Full story | | U.S. stocks pared losses by
midmorning on Friday, with all three major indexes turning
positive.. . . Full story | | Gold eased on Friday but was still on course for
its biggest weekly rise in two months after the euro zone's last-minute. . . Full story | | U.S. stocks opened lower on
Friday as investors booked profits a day after a powerful rally
that propelled the S&P to close above. . . Full story |
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SA Business | Namibia's debut $500 million, 10-year Eurobond rose on its first day of trading on Friday as appetite surged for frontier market. . . Full story | | South Africa's petrol pump prices in the main inland commercial region Gauteng will increase by 23 cents or 2.2 percent on. . . Full story | | South Africa's rand held firm against the dollar on Friday after rallying to a 5-1/2 week high the day before, lifted. . . Full story | | For an hour each morning, Malawi's sleepy stock exchange shows signs of life, when an official takes to the trading room. . . Full story |
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| The Nigerian unit of South Africa's Standard Bank on Friday reported a 9 percent rise in pre-tax profit to 10.97 billion. . . Full story | | South Africa sold 800 million rand worth of paper at a weekly auction of its 2017, 2028 and 2033 inflation-linked bonds. . . Full story | | The World Bank on Thursday approved $250 million in funding for South African power utility Eskom to develop a wind and. . . Full story | | Japanese factory output fell in
September for the first time since the devastating March
earthquake, a sign the economy's recovery from the disaster. . . Full story |
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Company News | Shareholders are referred to the previous cautionary announcements dated 04 January 2011, 20 January 2011, 15 February 2011, 25 March 2011,. . . Full story | | The board of directors of Blue informed shareholders that, with immediate effect, the designation of Mr. Timothy L. Till has changed. . . Full story | | Shareholders were advised that the audited annual financial statements for the 12 months ended 31 July 2011 as contained in the. . . Full story | | Shareholders are referred to the announcement published on SENS on 12 October 2011 and in the press on 13 October 2011,. . . Full story |
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| Implats announced the resignation of Ms MV Mennell as an independent non- executive director of the board of directors of Implats. . . Full story | | The board of directors of Ideco informed shareholders that Mr Rainer Troester has resigned as director of the company with effect. . . Full story | | Shareholders were advised that Adcock's basic earnings per share ("EPS") for the financial year ended 30 September 2011 from continuing operations. . . Full story | | Trustco is pleased to announce that it has entered into an agreement with Renaissance Africa Master Fund ("the Fund") ("the agreement"),. . . Full story |
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Company Results | Revenue increased to R50.5 million (August 2010: R48.5million) and gross profit rose to R19.5 million (August 2010: R17.9 million). Net attributable. . . Full story | | Revenue for the period decreased to USD144.6 million (2010: USD149.1 million). Gross loss was recorded at USD1.6 million (2010: profit of. . . Full story | | Gold and silver revenue increased to R806.2 million (September 2010: R623.6 million). Operating profit more than doubled to R202.5 million (September. . . Full story | | Revenue for the year ended 31 August 2011 increased to R1.4 billion (2010: R1.2 billion). Gross profit rose to R409.5 million. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 32894.11 | 441.56 | 1.36% | JSE Top 40 | 17:00 | 29566.80 | 407.33 | 1.40% | JSE Gold | 17:00 | 3057.89 | 61.44 | 2.05% | JSE Financial | 17:00 | 21930.55 | 152.03 | 0.70% | JSE Industrial | 17:00 | 34982.62 | 694.23 | 2.02% | JSE Indust 25 | 17:00 | 29679.94 | 627.22 | 2.16% | JSE Resource | 17:00 | 54478.95 | 503.08 | 0.93% | DJ Futures | 19:46 | 12170.00 | 2.00 | 0.02% | DJ Ind | 19:45 | 12212.45 | 3.90 | 0.03% | SP 500 | 20:00 | 1282.68 | -1.91 | -0.15% | Nasdaq | 20:00 | 2732.02 | -6.61 | -0.24% | FTSE 100 | 17:35 | 5702.24 | -11.58 | -0.20% | DAX | 18:06 | 6346.19 | 8.35 | 0.13% | CAC40 | 18:06 | 3348.63 | -19.99 | -0.59% | Nikkei | 08:26 | 9050.47 | 123.93 | 1.39% | Shanghai | 09:46 | 2473.41 | 37.80 | 1.55% | Hang-Seng | 10:26 | 20019.24 | 330.54 | 1.68% | All Ords | 07:36 | 4411.40 | 7.50 | 0.17% | NZSE 50 | 06:46 | 3325.60 | 22.13 | 0.67% |
| | Name | Time | RP | Move | % Move | Gold | 19:59 | 1743.23 | -.96 | -0.06% | Gold/Rand | 20:00 | 13458.61 | -18.27 | -0.14% | Gold/R kg | 20:00 | 432694 | 5970 | 1.40% | Silver | 19:58 | 35.2180 | .1530 | 0.44% | Platinum | 19:58 | 1641.25 | 10.55 | 0.65% | Palladium | 19:58 | 665.25 | 2.10 | 0.32% | R157 | 17:02 | 6.55 | .02 | 0.31% | R204 | 15:06 | 7.58 | .02 | 0.26% | Brent Crude | 19:46 | 110.50 | -2.34 | -2.07% | Rand / Dollar | 19:58 | 7.7205 | -0.0045 | -0.06% | Rand / Pound | 19:55 | 12.4014 | -0.0048 | -0.04% | Rand / Euro | 19:55 | 10.9330 | -0.0252 | -0.23% | Rand / NZD | 19:57 | 6.3554 | 0.0026 | 0.04% | Rand / AUD | 19:55 | 8.2760 | -0.0033 | -0.04% | Yen / Dollar | 19:57 | 75.6940 | -0.2380 | -0.31% | Euro / Dollar | 19:55 | 0.7060 | 0.0012 | 0.17% | Dollar / Euro | 19:58 | 1.4165 | -0.0016 | -0.11% | Pound / Dollar | 19:55 | 0.6207 | -0.0001 | -0.02% |
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The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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28/10/2011 | 226 | 127 | 88 | 441 | 360,787,495 | R16,414,212,157 | 120979 | 2537424 | 27/10/2011 | 276 | 102 | 77 | 455 | 349,734,097 | R17,962,346,304 | 125835 | 2424035 | 26/10/2011 | 171 | 147 | 90 | 408 | 287,903,124 | R12,747,403,174 | 86206 | 2115920 | 25/10/2011 | 222 | 153 | 84 | 459 | 294,009,374 | R14,997,571,591 | 122393 | 2584048 | 24/10/2011 | 202 | 153 | 78 | 433 | 232,839,226 | R11,475,126,036 | 94041 | 2536503 |
Index Summary Index Name | RP | Move | % Move | Top 40 | 29,566.80 | 407.33 | 1.40% | Industrial | 34,982.62 | 694.23 | 2.02% | Mid Cap | 42,990.39 | 577.31 | 1.36% | Small Cap | 31,852.51 | -6.26 | -0.02% | Resource 20 | 54,478.95 | 503.08 | 0.93% | Industrial 25 | 29,679.94 | 627.22 | 2.16% | Financial 15 | 8,221.01 | 68.43 | 0.84% | Financial & Ind. 30 | 32,482.62 | 562.74 | 1.76% | All Share | 32,894.11 | 441.56 | 1.36% | Oil & Gas | 28,151.14 | -37.49 | -0.13% | Mining | 35,582.12 | 391.88 | 1.11% | Gold Mining | 3,057.89 | 61.44 | 2.05% | Platinum Mining | 66.99 | 1.51 | 2.31% | GENERAL MINING | 8,694.00 | 49.64 | 0.57% | Oil & Gas Producers | 15,136.35 | -20.16 | -0.13% | Basic Materials | 29,922.11 | 346.76 | 1.17% | Chemicals | 12,855.19 | -30.30 | -0.24% | Forestry & Paper | 12,223.59 | 153.62 | 1.27% | Industrial Metals | 28,681.45 | 758.77 | 2.72% | Industrials | 28,340.73 | 373.62 | 1.34% | General Industrials | 80,271.46 | 940.47 | 1.19% | Consumer Goods | 30,922.16 | 593.54 | 1.96% | Automobiles & Parts | 3,847.32 | 2.27 | 0.06% | Household Goods | 155.58 | 2 | 1.62% | Health Care | 35,304.42 | 571.40 | 1.65% | Beverages | 100.34 | 1.93 | 1.96% |
| | Index Name | RP | Move | % Move | Food Producers | 52,200.50 | 538.71 | 1.04% | Personal Goods | 469.52 | 10.69 | 2.33% | Consumer Services | 58,414.65 | 1354.78 | 2.37% | General Retailers | 48,474.24 | 1528.22 | 3.26% | Travel & Leisure | 3,545.30 | 36.48 | 1.04% | Media | 86.92 | 1.54 | 1.80% | Support Services | 2,244.91 | 10.73 | 0.48% | Telecommunications | 68,159.48 | 1637.59 | 2.46% | Financials | 21,930.55 | 152.03 | 0.70% | Banks | 40,593.60 | 321.27 | 0.80% | Non-life Insurance | 34,780.47 | 346.76 | 1.01% | Life Insurance | 16,588.36 | 182.45 | 1.11% | General Financial | 2,218.90 | 14.16 | 0.64% | Technology | 23,752.00 | 351.46 | 1.50% | SHARIAH TOP40 | 3,204.29 | 44 | 1.39% | FTSE/JSE SHARIAH ALL | 3,254.67 | 43 | 1.33% | COAL MINING | 24,953.19 | 977 | 4.08% | FTSE JSE Fledgling | 4,525.32 | -22 | -0.49% | FTSE/JSE Alt X | 1,173.21 | -16 | -1.32% | SA LISTED PROPERTY | 388.01 | | -0.13% | CAPPED PROPERTY | 320.96 | | -0.01% | RESOURCE | 30,077.23 | 280 | 0.94% | DIVIDEND PLUS | 174.70 | 3 | 1.49% | FTSE/JSE RAFI 40 | 6,790.58 | 83 | 1.23% | Capped Top 40 | 15,534.66 | 225 | 1.47% | Capped All Share | 16,610.66 | 228 | 1.39% |
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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 | 26 Oct | SBK | STANDARD BANK GROUP LIMIT... | HOLD | 26 Oct | AIP | ADCOCK INGRAM HLGS LD | HOLD | 26 Oct | IPF | INVESTEC PROPERTY FUND LT... | HOLD | 26 Oct | LHC | LIFE HEALTHCARE GRP HLDG ... | HOLD | 26 Oct |
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Results Expected** Expected | Company Name | Fin. Date | 31 Oct 2011 | CHEMSPEC | September 2011 (Interim) | 31 Oct 2011 | HARMONY | September 2011 (Q) | 31 Oct 2011 | HARMONY-P | September 2011 (Q) | 31 Oct 2011 | INGENUITY | August 2011 (Final) | 31 Oct 2011 | SACOIL | August 2011 (Interim) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | BARWORLD6 | 11-10-27 | 11-11-11 | 11-11-21 | R 0.0600 | NUWORLD | 11-10-27 | 11-12-02 | 11-12-12 | R 0.2950 | SPANJAARD | 11-10-27 | 11-11-11 | 11-11-21 | R 0.1000 | PREMIUM | 11-10-21 | 11-11-11 | 11-11-21 | R 0.5580 | OCTODEC | 11-10-21 | 11-11-11 | 11-11-21 | R 0.6430 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | NTC PREF | 11-10-03 | 11-10-21 | 11-10-31 | R 3.3842 | SHFINV-PREF | 11-09-06 | 11-10-21 | 11-10-31 | R 3.3500 | SBR003 | 11-08-05 | 11-10-28 | 11-11-07 | R 1.5200 | EOH | 11-09-12 | 11-10-21 | 11-10-31 | R 0.4800 | ELBGROUP | 11-09-21 | 11-10-21 | 11-10-31 | R 0.4000 |
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Upcoming AGMs** Code | Company Name | Date | Status | HUG | Huge Group Ltd | 28/10/2011 | Confirmed | AHL | AH-Vest Ltd | 28/10/2011 | Confirmed | TCSP | Total Client Services Ltd | 28/10/2011 | Confirmed | TCS | Total Client Services Ltd | 28/10/2011 | Confirmed | RLF | Rolfes Technology Holdings Ltd | 28/10/2011 | Confirmed |
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