Monday, 07 November 2011 - 20:00
Charts
SAfrica's assets weaker; R186/R157 spread at peak
JOHANNESBURG (Reuters) - The rand weakened for the second consecutive session on Monday, trading around the big 8 figure for most of the day, but came back in the last hour of trade as the euro firmed and the rand in turn showed some recovery but with little impetus in a thin market.
The local unit traded 0.65 percent weaker against the dollar to 7.9564 by 1550 GMT, recovering from 7.99 levels seen most of the session but still fluctuating within its recent range as it moves on investor sentiment dictated by euro zone developments.
Trading volumes were at their lowest in over two months on Monday as investors mostly stayed away and importers were only seen in earnest at the 7.80 levels, dealers said.
"It's probably the levels not enticing importers, and the market is also unsure. We had an interesting weekend (with euro zone developments) and people are still nervous so it may be a case of wait and see," Ion de Vleeschauwer, dealer at Bidvest Bank said about the thin conditions.
The local market has experienced liquidity problems linked to the European crisis and the slowing global economy, seeing a significant amount of investors wait it out on the sidelines until a clear picture emerges.
"Volumes are very thin, liquidity is a major problem. There is no interest so whatever trades we get we clear immediately, we don't try to hold onto them," said a currency trader at a local bank.
Government bond yields had nudged 1.5 basis points higher at the official close to 6.45 percent on the 2015 note and 8.29 percent on the 2026 issue.
The yield differential between the 2026 and 2015 benchmark bonds was trading at Friday's record 184 basis points, pushed higher by the market pricing in a slight chance that the South African Reserve Bank might follow the ECB in reducing the policy rate.
Economists polled by Reuters mostly think the central bank will keep it repo rate steady at 5.5 percent on Thursday, but the bond and futures markets have nevertheless priced in the possibility of a cut.
"The ECB rates last week is seen reflected in the front end of our curve which increased the chances for a rate cut," said Daniel Sabiston, a bond trader at Absa Capital.
"If the market is pricing in an increased chance for a rate cut then the front end outperforms and the (yield) curve steepens, the R186/R157 is a function of that steepening."
Mon, 07 Nov 2011
Top News
South Africa's Richards Bay Coal Terminal (RBCT) exported 7.4 million tonnes of coal in October compared with 4.96 million tonnes the previous month, RBCT data showed on Monday. Full story
ArcelorMittal South Africa, a unit of the world's top steelmaker, has increased steel prices effective November 1, the company said on Monday. Full story |
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A retired right-wing general promising a crackdown on violent crime won Guatemala's presidential election on Sunday and will be the first military man to take power since democracy was restored in 1986. Full storyLucas Papademos, a former deputy head of the European Central Bank, was on Monday tipped to emerge as Greek prime minister as political leaders bargained over who will lead a new coalition to push through a bailout before the country runs out of money in mid-December. Full storyNicaraguan President Daniel Ortega, a socialist former guerrilla leader, marched towards a landslide re-election victory on Monday after drawing broad support for his anti-poverty programs. Full story |
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Markets | U.S. stocks fell on Monday as
investors stayed focused on Europe, this time on the political
turmoil in debt-burdened Italy, as a reason. . . Full story | | Global equities and the euro
fell on Monday as uncertainty in Italy fueled concern the euro
zone's third-biggest economy would be sucked deeper. . . Full story | | European stocks fell on
Monday in choppy trading driven by political turmoil in
debt-laden Italy, where bond yields hit euro era highs, though
equities. . . Full story | | U.S. stocks fell in choppy
trade on Monday, with the Nasdaq down 1 percent, as political
uncertainty in Italy fueled investor concern the. . . Full story |
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| Gold rose to the highest in about
six weeks on Monday as investors piled into the traditional safe
haven asset as Europe's debt. . . Full story | | European shares briefly turned
positive on Monday, led by Italian stocks on talk, subsequently
denied, that the country's prime minister would resign, and
after. . . Full story | | U.S. stocks turned positive in
early trading on Monday, led by energy and material stocks as
crude oil prices rose more than 1. . . Full story | | U.S. stocks were little changed
at the open on Monday as political turmoil in Italy sparked
worry the euro zone debt crisis could. . . Full story |
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SA Business | South Africa's national oil company PetroSA has restarted its 45,000 bpd gas-to-liquids Mossel Bay refinery, its spokesman said on Monday, which. . . Full story | | South Africa's Anglo American Platinum (Amplats), the world's largest platinum producer, said on Monday it would implement a 3.5 billion rand. . . Full story | | Vodacom Group, the South African unit of Britain's Vodafone Plc, warned it expected leaner growth in the second-half, hit by tougher. . . Full story | | Zambia Sugar, the country's largest sugar producer, said on Monday sugar output in the current financial year would be below last. . . Full story |
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| South African stocks surged more than 2 percent on Monday, buoyed by a last-minute short covering on mixed news out of. . . Full story | | South African financial services firm Cadiz Holdings said on Monday the 60 percent sale of its stock broking arm to BNP. . . Full story | | South Africa's third-largest gold miner Harmony suspended operations at its Kusasalethu mine on Monday after an employee was killed in an. . . Full story | | South Africa's rand was steady against the dollar but government bonds were softer on Monday as the market looked to this. . . Full story |
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| South Africa's net gold and foreign exchange reserves edged up to $49.221 billion at the end of October from $47.93 billion in September, data from the Reserve Bank showed on Monday.. . . Full story |
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Company News | Cadiz hereby advises shareholders that Ms. NS Mjoli-Mncube has resigned as director with affect from 4 November 2011 in order to. . . Full story | | | | Amplats announced the terms relating to the proposed community development transaction involving certain Amplats' mine host communities. Highlights include
* Development Trusts. . . Full story | | Business Report mentioned that, DRDgold had entered into negotiations that could have an effect on the company's share price. South Africa's. . . Full story |
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| According to Business Day, SA's bellwether cement maker, Pretoria Portland Cement (PPC), said on Friday that the fall in full-year earnings would be smaller than previously thought, as trading conditions were better than expected during September. Domestic cement sales in September rose 12.7% year on year. Sales in the year are up 2.1% although the industry is still reeling from the effects of the global recession and the poor health of building and construction in SA. Recently, PPC CEO. . . Full story |
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Company Results | Revenue increased by 18% to R2.6 billion (R2.2 billion). Operating income was up 22% to R260.9 million (R214.2 million). Net attributable. . . Full story | | Revenue increased to R31.7 billion (R29.5 billion) and operating profit rose to R7.3 billion (R7.1 billion). Net profit attributable to ordinary. . . Full story | | Maiden final results for Rebosis as a listed company showed total revenue of R268.3 million. Net operating profit was R27 million.. . . Full story | | Revenue for the interim period ended 31 August 2011 increased to R2.6 billion (2010: R2.5 billion), but gross profit lowered to. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 32514.38 | 597.36 | 1.87% | JSE Top 40 | 17:00 | 29178.13 | 624.53 | 2.19% | JSE Gold | 17:00 | 3226.39 | 123.22 | 3.97% | JSE Financial | 17:00 | 21637.99 | 442.79 | 2.09% | JSE Industrial | 17:00 | 34240.60 | 405.96 | 1.20% | JSE Indust 25 | 17:00 | 28895.84 | 404.49 | 1.42% | JSE Resource | 17:00 | 54384.12 | 1303.57 | 2.46% | DJ Futures | 19:56 | 11825.00 | -116.00 | -0.97% | DJ Ind | 19:41 | 11900.41 | -82.83 | -0.69% | SP 500 | 19:56 | 1243.63 | -9.60 | -0.77% | Nasdaq | 19:56 | 2656.17 | -29.98 | -1.12% | FTSE 100 | 18:35 | 5510.82 | -16.34 | -0.30% | DAX | 18:46 | 5928.97 | -37.19 | -0.62% | CAC40 | 18:46 | 3103.41 | -20.14 | -0.64% | Nikkei | 08:26 | 8767.09 | -34.31 | -0.39% | Shanghai | 09:26 | 2509.80 | -18.49 | -0.73% | Hang-Seng | 10:26 | 19677.89 | -164.90 | -0.83% | All Ords | 07:45 | 4335.30 | -7.20 | -0.17% | NZSE 50 | 06:46 | 3342.19 | 10.40 | 0.31% |
| | Name | Time | RP | Move | % Move | Gold | 19:58 | 1785.85 | 31.22 | 1.78% | Gold/Rand | 19:56 | 14215.20 | 382.46 | 2.76% | Gold/R kg | 19:56 | 456818 | 13791 | 3.11% | Silver | 19:58 | 34.6800 | .5600 | 1.64% | Platinum | 19:57 | 1650.00 | 22.35 | 1.37% | Palladium | 19:58 | 658.75 | 8.85 | 1.36% | R157 | 17:06 | 6.45 | .01 | 0.16% | R204 | 17:06 | 7.50 | -.01 | -0.13% | Brent Crude | 19:56 | 113.74 | 2.12 | 1.90% | Rand / Dollar | 19:58 | 7.9619 | 0.0773 | 0.98% | Rand / Pound | 19:55 | 12.7284 | 0.0974 | 0.77% | Rand / Euro | 19:55 | 10.9399 | 0.0482 | 0.44% | Rand / NZD | 19:56 | 6.3176 | 0.0381 | 0.61% | Rand / AUD | 19:55 | 8.2368 | 0.0321 | 0.39% | Yen / Dollar | 19:58 | 78.0520 | -0.0850 | -0.11% | Euro / Dollar | 19:55 | 0.7275 | 0.0039 | 0.54% | Dollar / Euro | 19:57 | 1.3744 | -0.0074 | -0.54% | Pound / Dollar | 19:55 | 0.6237 | 0.0013 | 0.21% |
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Click here for the Sharenet Spot Price page
The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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07/11/2011 | 244 | 126 | 62 | 432 | 192,463,753 | R8,664,641,342 | 76201 | 2575331 | 04/11/2011 | 147 | 210 | 79 | 436 | 246,985,385 | R11,596,080,586 | 100931 | 2800537 | 03/11/2011 | 176 | 188 | 92 | 456 | 289,864,602 | R14,513,936,422 | 103478 | 2964307 | 02/11/2011 | 232 | 126 | 78 | 436 | 272,651,139 | R11,985,394,345 | 90493 | 2157273 | 01/11/2011 | 155 | 239 | 75 | 469 | 352,017,022 | R18,805,528,888 | 136484 | 2516409 |
Index Summary Index Name | RP | Move | % Move | Top 40 | 29,178.13 | 624.53 | 2.19% | Industrial | 34,240.60 | 405.96 | 1.20% | Mid Cap | 42,804.75 | 111.62 | 0.26% | Small Cap | 32,035.35 | 14.73 | 0.05% | Resource 20 | 54,384.12 | 1303.57 | 2.46% | Industrial 25 | 28,895.84 | 404.49 | 1.42% | Financial 15 | 8,089.93 | 202.42 | 2.57% | Financial & Ind. 30 | 31,710.13 | 582.93 | 1.87% | All Share | 32,514.38 | 597.36 | 1.87% | Oil & Gas | 28,490.84 | 454.56 | 1.62% | Mining | 35,534.51 | 927.04 | 2.68% | Gold Mining | 3,226.39 | 123.22 | 3.97% | Platinum Mining | 66.79 | 2.11 | 3.26% | GENERAL MINING | 8,543.92 | 181.88 | 2.18% | Oil & Gas Producers | 15,319.00 | 244.41 | 1.62% | Basic Materials | 29,908.70 | 752.25 | 2.58% | Chemicals | 12,886.22 | 102.07 | 0.80% | Forestry & Paper | 11,825.85 | 193.86 | 1.67% | Industrial Metals | 29,735.96 | 453.65 | 1.55% | Industrials | 28,367.47 | 225.35 | 0.80% | General Industrials | 80,131.17 | 1230.60 | 1.56% | Consumer Goods | 29,375.98 | 363.46 | 1.25% | Automobiles & Parts | 3,894.87 | 11.32 | 0.29% | Household Goods | 150.87 | 3 | 2.10% | Health Care | 35,033.16 | 240.78 | 0.69% | Beverages | 96.74 | 1.61 | 1.69% |
| | Index Name | RP | Move | % Move | Food Producers | 51,972.77 | 329.69 | 0.64% | Personal Goods | 427.47 | 2.80 | 0.66% | Consumer Services | 58,027.55 | 392.43 | 0.68% | General Retailers | 48,058.61 | 432.23 | 0.91% | Travel & Leisure | 3,720.84 | 13.30 | 0.36% | Media | 85.88 | .26 | 0.30% | Support Services | 2,212.11 | -17.57 | -0.79% | Telecommunications | 67,383.03 | 1461.65 | 2.22% | Financials | 21,637.99 | 442.79 | 2.09% | Banks | 40,250.13 | 1203.53 | 3.08% | Non-life Insurance | 33,463.75 | -242.49 | -0.72% | Life Insurance | 16,126.78 | 312.57 | 1.98% | General Financial | 2,180.49 | 35.66 | 1.66% | Technology | 24,156.98 | 13.68 | 0.06% | SHARIAH TOP40 | 3,172.82 | 72 | 2.33% | FTSE/JSE SHARIAH ALL | 3,226.65 | 66 | 2.08% | COAL MINING | 25,206.41 | 770 | 3.15% | FTSE JSE Fledgling | 4,577.10 | -4 | -0.10% | FTSE/JSE Alt X | 1,210.48 | 60 | 5.24% | SA LISTED PROPERTY | 388.74 | | 0.38% | CAPPED PROPERTY | 319.39 | | 0.67% | RESOURCE | 30,092.51 | 743 | 2.53% | DIVIDEND PLUS | 173.87 | 2 | 1.31% | FTSE/JSE RAFI 40 | 6,688.59 | 138 | 2.11% | Capped Top 40 | 15,334.72 | 328 | 2.19% | Capped All Share | 16,420.75 | 301 | 1.87% |
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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 | 03 Nov | SBK | STANDARD BANK GROUP LIMIT... | HOLD | 03 Nov | AIP | ADCOCK INGRAM HLGS LD | HOLD | 03 Nov | IPF | INVESTEC PROPERTY FUND LT... | HOLD | 03 Nov | LHC | LIFE HEALTHCARE GRP HLDG ... | HOLD | 03 Nov |
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Results Expected** Expected | Company Name | Fin. Date | 08 Nov 2011 | CORONAT | September 2011 (Final) | 08 Nov 2011 | CORONATP | September 2011 (Final) | 08 Nov 2011 | EFFICIENT | August 2011 (Final) | 08 Nov 2011 | MEDCLIN | September 2011 (Interim) | 08 Nov 2011 | PPC | September 2011 (Final) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | VIVIDEND | 11-11-04 | 11-11-18 | 11-11-25 | R 0.2329 | AFROC-P | 11-11-04 | 11-11-18 | 11-11-28 | R 0.2548 | TFG PREF | 11-11-03 | 12-03-15 | 12-03-26 | R 0.0650 | REDEFINE | 11-11-03 | 11-11-18 | 11-11-28 | R 0.3700 | AFRIMAT | 11-11-03 | 11-11-25 | 11-12-05 | R 0.0600 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | ADCORP | 11-10-12 | 11-11-04 | 11-11-14 | R 0.5700 | OASIS | 11-10-20 | 11-11-04 | 11-11-14 | R 0.4710 | HOLDSPORT | 11-09-27 | 11-11-04 | 11-11-14 | R 0.4700 | BLACKSTAR | 11-10-28 | 11-11-04 | 11-12-02 | R 0.0650 | O-LINE | 11-09-20 | 11-11-04 | 11-11-14 | R 0.0500 |
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Upcoming AGMs** Code | Company Name | Date | Status | GRT | Growthpoint Properties Ltd | 08/11/2011 | Confirmed | GRF | Group Five Ltd | 08/11/2011 | Confirmed | COMN | Comair Ltd | 09/11/2011 | Confirmed | COM | Comair Ltd | 09/11/2011 | Confirmed | MNY | MoneyWeb Holdings Ltd | 09/11/2011 | Confirmed |
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