Tuesday, 01 November 2011 - 20:00
Charts
S.Africa's rand sees biggest daily loss since Sept
JOHANNESBURG (Reuters) - South Africa's rand weakened against the dollar on Tuesday as a Greek plan for a referendum on a bailout package raised worries that the euro zone debt crisis is far from over.
The rand had trimmed its losses though after Germany and France leaders said they were determined to see through a three-point plan agreed last week to contain the debt crisis, which had calmed markets.
Most emerging market currencies were in the red and the rand -- a very sensitive barometer of global risk sentiment -- was the fifth worst performer of 20 units tracked by Reuters.
It tumbled as much as 3.43 percent, its heaviest single-day decline since September 21. It hit 8.2096, its weakest since October 21.
By 1525 GMT, it had come back to 8.09 to the dollar, 1.93 percent weaker than Monday's New York close of 7.9370.
"This referendum threatens everything they've been working on," said George Glynos, managing director at ETM.
Greek Prime Minister George Papandreou called a referendum on Monday on the EU bailout deal for his debt-ridden country. If Greeks reject the bailout, it could set the stage for a disorderly default, causing ructions across Europe's financial system.
Data that showed China's factory activity in October was its slowest since February 2009 also weighed on the currency of South Africa, a major exporter of raw materials to China.
"If there is a no vote out of the referendum it spells a lot of bad news for risk assets and the rand and unfortunately this has the potential, I think, to become something a lot more serious," Glynos said.
The rand is a heavily traded currency at the mercy of global investor sentiment. The impact of local data, including PMI and unemployment numbers on Tuesday, has been muted.
After hitting a 28-month low of 8.4950 in September, the rand seemed to be on a tentative recovery path but failed several times to break resistance at 7.70 to the dollar.
Government bonds followed suit, with yields hitting one week highs.
The yield on the 2015 bond up 10 basis points to 6.695 percent and that on the 2026 issue climbing 15 basis points to 8.46 percent.
"Bonds are likely to remain soft until there is some stabilisation within the global backdrop," said Anisha Arora, emerging market analyst at 4CAST.
Tue, 01 Nov 2011
Top News
Congolese state mining firm Gecamines has refused a request from the mines ministry to publish all revised contracts, saying it cannot do so without the permission of firms involved, according to a letter from Gecamines published on the ministry website. Full story
South Africa's Allied Technologies Ltd is in talks to pay up to $60 million for unlisted Kenyan IT firm Symphony, according to a person familiar with the matter, to help revive its struggling business in fast-growing east Africa. Full story |
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Thai authorities tried to stem growing anger among flood victims on Tuesday as water swamped new neighbourhoods and the government began mapping out a plan costing billions of dollars to prevent a repeat disaster and secure investor confidence. Full storyPrime Minister Silvio Berlusconi repeated promises of economic reform on Tuesday as Italian bonds came under renewed attack in the euro zone crisis and the centre-left opposition asked the president to name a new government. Full storyNo one was hurt when a Boeing 767 flying from New York with some 230 people on board made an emergency landing at Warsaw's airport Tuesday after trouble with landing gear. Full story |
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Markets | European shares gave back a hefty
slice of October's gain and recorded their biggest one day loss
in over a month on Tuesday. . . Full story | | Financial stocks led Britain's
FTSE 100 sharply lower on Tuesday, after the Greek Prime
Minister's call for a referendum on the bailout package. . . Full story | | Stocks and the euro took a
beating on Tuesday after Greece's surprise call for a
referendum on the latest euro zone bailout deal. . . Full story | | U.S. stocks tumbled more than 2
percent on Tuesday after a proposed Greek referendum threatened
to upend a European bailout plan to contain. . . Full story |
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| Gold traded lower on Tuesday,
under pressure from a stronger dollar, but a surprisingly weak
read of U.S. factory activity enabled the euro. . . Full story | | U.S. stocks tumbled 3 percent
on Tuesday after the euro zone agreement to rescue Greece and
keep the sovereign debt crisis from spreading. . . Full story | | French banks and lenders
exposed to Greece and other weak euro zone countries slumped on
Tuesday after Greece's leader said he would put. . . Full story | | U.S. stocks cut losses on
Tuesday as German and French leaders said they are committed to
implementing the decisions of an EU summit. . . Full story |
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SA Business | South African stocks ended sharply lower on Tuesday, extending the decline to two days as investors worldwide offloaded risky assets after. . . Full story | | South Africa's rand extended its losses against the dollar on Tuesday after a Greek plan for a referendum on a bailout. . . Full story | | South Africa's Sasol, the world's top maker of motor fuel from coal, signed a joint venture agreement on Tuesday with Australia's. . . Full story | | South African blue chip stocks fell more than 2 percent on Tuesday as resource firms such as Lonmin and other miners. . . Full story |
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| South African petrochemicals group Sasol will open its expanded Pande/Temane processing plant in Mozambique next week and is confident of lifting. . . Full story | | Global beer brewer SABMiller launched its first ever cassava-based beer on Tuesday, an affordable beer category aimed at cracking the untapped. . . Full story | | South Africa's official jobless rate eased to 25.0 percent of the labour force in the third quarter as the trade and. . . Full story | | South Africa exported 101,446 tonnes of white maize last week compared with 13,098 tonnes the previous week, the South African Grain. . . Full story |
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| South Africa's Purchasing Managers' Index edged up to 50.5 in October from a downwardly revised 50.2 in September, barely in expansion territory for the second month in a row, data showed on Tuesday.. . . Full story | | South Africa's rand traded softer against the dollar on Tuesday, breaching the 8.00 level once more with traders pointing to signs of economic stress in China and other Asian markets that import large quantities of African raw materials.. . . Full story |
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Company News | Shareholders were advised that the company's 2011 integrated annual report, containing the annual financial statements for the year ended 30 June. . . Full story | | At the 16th annual general meeting of Mvela Group shareholders held at 11:00 on Tuesday 1 November 2011, the requisite majority. . . Full story | | Core Group, the Value Added Distributor (VAD) for Apple in Southern Africa, announced on 31 October 2011, that Gijima has been. . . Full story | | KAP shareholders were advised that the 2011 annual report, containing the audited annual financial statements of KAP for the year ended. . . Full story |
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| Shareholders of Imperial were advised that the ordinary and special resolutions proposed at the annual general meeting held on Tuesday, 1. . . Full story | | With regard to the audited results for the year ended 31 July 2011, shareholders were advised that the annual financial statements. . . Full story | | According to Business Report, London-based brokerage Merchant Securities Group has agreed to be bought by Sanlam for GBP12.2 million (R151 million).. . . Full story | | Business Day reported that Gijima plans to assist local forms to integrate Apple products such as the iPad into their corporate. . . Full story |
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Company Results | Revenue for the interim period ended 30 September 2011 increased to R186.6 million (2010: R151.4 million). Gross profit rose to R73.1. . . Full story | | Revenue improved to R3.9 billion (R3.1 billion) and gross profit rose remarkably to R737 million (R88 million). The company recorded an. . . Full story | | Net interest income increased to R177.1 million (August 2010: R78.8 million) and operating income grew to R215.7 million (August 2010: R170.4. . . Full story | | Total revenue for RedefIntl's first full year results as a listed company amounted to GBP32.3 million. Net operating income was GBP24.3. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 31724.22 | -624.32 | -1.93% | JSE Top 40 | 17:00 | 28372.84 | -646.22 | -2.23% | JSE Gold | 17:00 | 3064.60 | 9.44 | 0.31% | JSE Financial | 17:00 | 21445.66 | -294.56 | -1.35% | JSE Industrial | 17:00 | 33885.42 | -635.47 | -1.84% | JSE Indust 25 | 17:00 | 28605.51 | -640.20 | -2.19% | JSE Resource | 17:00 | 51826.32 | -1241.84 | -2.34% | DJ Futures | 20:00 | 11685.00 | -185.00 | -1.56% | DJ Ind | 19:45 | 11716.31 | -238.70 | -2.00% | SP 500 | 20:00 | 1223.95 | -29.35 | -2.34% | Nasdaq | 20:00 | 2617.63 | -66.78 | -2.49% | FTSE 100 | 18:35 | 5421.57 | -122.65 | -2.21% | DAX | 18:46 | 5827.76 | -313.58 | -5.11% | CAC40 | 18:46 | 3072.76 | -170.08 | -5.24% | Nikkei | 08:26 | 8835.52 | -152.87 | -1.70% | Shanghai | 09:26 | 2470.02 | 1.77 | 0.07% | Hang-Seng | 10:26 | 19369.96 | -494.91 | -2.49% | All Ords | 07:36 | 4297.20 | -63.30 | -1.45% | NZSE 50 | 06:46 | 3332.77 | .21 | 0.01% |
| | Name | Time | RP | Move | % Move | Gold | 19:59 | 1714.27 | -.26 | -0.02% | Gold/Rand | 20:00 | 13803.99 | 171.31 | 1.26% | Gold/R kg | 20:00 | 443798 | 3707 | 0.84% | Silver | 19:59 | 33.1380 | -1.0170 | -2.98% | Platinum | 19:59 | 1579.75 | -13.35 | -0.84% | Palladium | 19:58 | 632.50 | -9.08 | -1.42% | R157 | 17:06 | 6.64 | .05 | 0.76% | R204 | 17:06 | 7.70 | .08 | 1.05% | Brent Crude | 19:56 | 107.32 | -1.72 | -1.58% | Rand / Dollar | 19:59 | 8.0524 | 0.1010 | 1.27% | Rand / Pound | 19:55 | 12.8309 | 0.0664 | 0.52% | Rand / Euro | 19:55 | 11.0652 | 0.0405 | 0.37% | Rand / NZD | 19:58 | 6.4160 | -0.0047 | -0.07% | Rand / AUD | 19:55 | 8.3458 | -0.0417 | -0.50% | Yen / Dollar | 19:59 | 78.2500 | 0.1000 | 0.13% | Euro / Dollar | 19:55 | 0.7273 | 0.0060 | 0.83% | Dollar / Euro | 19:58 | 1.3735 | -0.0125 | -0.90% | Pound / Dollar | 19:55 | 0.6255 | 0.0040 | 0.64% |
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The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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01/11/2011 | 155 | 239 | 75 | 469 | 352,017,022 | R18,805,528,888 | 136484 | 2516409 | 31/10/2011 | 141 | 235 | 77 | 453 | 307,350,569 | R14,047,499,056 | 119343 | 1922822 | 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 |
Index Summary Index Name | RP | Move | % Move | Top 40 | 28,372.84 | -646.22 | -2.23% | Industrial | 33,885.42 | -635.47 | -1.84% | Mid Cap | 42,496.55 | -227.08 | -0.53% | Small Cap | 31,894.33 | 231.37 | 0.73% | Resource 20 | 51,826.32 | -1241.84 | -2.34% | Industrial 25 | 28,605.51 | -640.20 | -2.19% | Financial 15 | 7,994.55 | -137.84 | -1.69% | Financial & Ind. 30 | 31,363.10 | -678.11 | -2.12% | All Share | 31,724.22 | -624.32 | -1.93% | Oil & Gas | 26,259.96 | -829.49 | -3.06% | Mining | 34,015.78 | -770.26 | -2.21% | Gold Mining | 3,064.60 | 9.44 | 0.31% | Platinum Mining | 63.82 | -2.68 | -4.03% | GENERAL MINING | 8,202.98 | -218.79 | -2.60% | Oil & Gas Producers | 14,119.50 | -446.00 | -3.06% | Basic Materials | 28,643.67 | -632.56 | -2.16% | Chemicals | 12,766.01 | 39.15 | 0.31% | Forestry & Paper | 11,767.30 | -265.95 | -2.21% | Industrial Metals | 27,888.61 | -461.15 | -1.63% | Industrials | 27,825.63 | -260.10 | -0.93% | General Industrials | 78,350.16 | -942.71 | -1.19% | Consumer Goods | 29,593.92 | -966.10 | -3.16% | Automobiles & Parts | 3,847.32 | 22.65 | 0.59% | Household Goods | 149.79 | -1 | -0.97% | Health Care | 35,089.36 | -284.71 | -0.80% | Beverages | 97.29 | -3.00 | -2.99% |
| | Index Name | RP | Move | % Move | Food Producers | 52,130.67 | 194.11 | 0.37% | Personal Goods | 433.66 | -22.77 | -4.99% | Consumer Services | 56,524.07 | -366.97 | -0.65% | General Retailers | 47,474.12 | -289.33 | -0.61% | Travel & Leisure | 3,538.74 | 10.84 | 0.31% | Media | 82.64 | -1.10 | -1.31% | Support Services | 2,196.88 | -53.89 | -2.39% | Telecommunications | 66,514.87 | -1133.28 | -1.68% | Financials | 21,445.66 | -294.56 | -1.35% | Banks | 39,594.99 | -649.58 | -1.61% | Non-life Insurance | 34,676.20 | 43.65 | 0.13% | Life Insurance | 16,000.29 | -271.30 | -1.67% | General Financial | 2,162.90 | -40.41 | -1.83% | Technology | 23,871.61 | 12.39 | 0.05% | SHARIAH TOP40 | 3,057.75 | -76 | -2.44% | FTSE/JSE SHARIAH ALL | 3,119.40 | -70 | -2.19% | COAL MINING | 23,850.76 | -710 | -2.89% | FTSE JSE Fledgling | 4,545.69 | 3 | 0.06% | FTSE/JSE Alt X | 1,188.59 | -15 | -1.27% | SA LISTED PROPERTY | 391.14 | | 0.21% | CAPPED PROPERTY | 320.86 | | -0.26% | RESOURCE | 28,657.30 | -683 | -2.33% | DIVIDEND PLUS | 171.46 | -2 | -1.03% | FTSE/JSE RAFI 40 | 6,529.54 | -143 | -2.15% | Capped Top 40 | 14,921.10 | -337 | -2.21% | Capped All Share | 16,024.67 | -314 | -1.92% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | PIK | PICK N PAY STORES LIMITED | HOLD | 28 Oct | HAR | HARMONY GOLD MINING COMPA... | BUY | 28 Oct | MUR | MURRAY AND ROBERTS HOLDIN... | HOLD | 28 Oct | NED | NEDBANK GROUP LTD | HOLD | 26 Oct | SBK | STANDARD BANK GROUP LIMIT... | HOLD | 26 Oct |
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Results Expected** Expected | Company Name | Fin. Date | 02 Nov 2011 | REBOSIS | August 2011 (Final) | 02 Nov 2011 | SANTOVA | August 2011 (Interim) | 02 Nov 2011 | WILDRNESS | August 2011 (Interim) | 03 Nov 2011 | AFRIMAT | August 2011 (Interim) | 03 Nov 2011 | MONEYWB | September 2011 (Interim) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | BLACKSTAR | 11-10-28 | 11-11-04 | 11-12-02 | R 0.0650 | 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 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | SBR003 | 11-08-05 | 11-10-28 | 11-11-07 | R 1.5200 | PSG | 11-10-14 | 11-10-28 | 11-11-07 | R 0.2600 | EXCELL | 11-09-28 | 11-10-28 | 11-11-07 | R 0.0400 | LONFIN | 11-10-14 | 11-10-28 | 11-11-25 | R 0.0030 |
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Upcoming AGMs** Code | Company Name | Date | Status | AVIP | AVI Ltd | 01/11/2011 | Confirmed | MVGP | Mvelaphanda Group Ltd | 01/11/2011 | Confirmed | MVG | Mvelaphanda Group Ltd | 01/11/2011 | Confirmed | AVI | AVI Ltd | 01/11/2011 | Confirmed | IPL | Imperial Holdings Ltd | 01/11/2011 | Confirmed |
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