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Monday, 05 December 2011 - 20:00
Charts
S.Africa's rand firm vs dollar, bonds sold as a hedge
JOHANNESBURG (Reuters) - The rand gained for the sixth straight day to a three-week high against the dollar on Monday as optimism about a solution to the European debt crisis boosted risky assets. The winding down of the year was also supportive of rand gains.
Government bonds ignored the positive sentiment as some traders caught long on Friday covered those positions early on Monday, pushing yields to their day's peak, with the market trading sideways for the rest of the session after that.
Dealers were also reportedly hedging positions in the interest rate swap market by selling bonds.
The rand gained one percent on the dollar to 7.9640, from a 8.0450 New York close on Friday.
It has steadily retraced from the year's low of 8.61 and the 7.86 level forms the next barrier to further gains. The local unit bounced twice from 7.86 in mid-November.
Rand bulls look to be on the cards as the year comes to an end. In the past two years the rand has posted its strongest levels in the last quarter partly because of a decreased number of importers in the market towards the end of the year. This might help to offset the risk-averse trading linked to the uncertainty in global markets that has hit emerging markets recently.
Yields on government bonds, which move inversely to the price, added 4.5 basis points to 6.665 percent on the four-year issue and 3.5 basis points to 8.36 percent on the 15-year bond.
"There was a bit of paying in the swap market towards the end of trade on Friday and there looked to be a little bit of hedging taking place in the spot market this morning (selling bonds)," said Richard Farber, a bond trader at WWC Securities.
Liquidity was thin on Monday with investors waiting it out until a clear picture emerges out of Europe.
"You can see it with the trading volumes, I did one or two trades today, it's not like high volumes or big ticket trades," said another bond trader based in Johannesburg, indicating volumes were unlikely to have reached the 20 billion rand average daily turnover on Monday.
Mon, 05 Dec 2011Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnews_images_sn%252F1317717632.jpg "Man walks past the Johannesburg stock exchange offices in Sandton") Optimism that Europe could come up with a concrete plan to stem its sovereign debt crisis buoyed South African stocks on Monday, with firms sensitive to global growth, such as Anglo American Platinum, helping the Top-40 index close 0.75 percent higher. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-12-05T122157Z_1_AJOE7B40YCN00_RTROPTP_3_OZABS-FRONTIER-KORES-20111205.JPG "To match Analysis CHINA-RAREEARTH/") Frontier Rare Earths Ltd said on Monday it signed a definitive agreement to partner with Korea Resources Corp (KORES) to fast-track the development of the Zandkopsdrift rare earth project in South Africa. Full story |
 Vladimir Putin's ruling party clung to a much reduced majority in parliament on Monday after an election that showed growing weariness with the man who has dominated Russia for more than a decade and plans to return to the presidency next year. Full story  The West used an Afghanistan meeting Monday to signal enduring support for Kabul as allied troops go home, but economic turbulence in Europe and crises with Pakistan and Iran could stir doubts about Western resolve. Full story  Egyptians voted on Monday in run-off contests for parliamentary seats, with the Muslim Brotherhood's party trying to extend its lead over hardline Islamists and liberal parties in a political landscape redrawn by the overthrow of Hosni Mubarak. Full story |
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Markets |
Global stocks and the euro
rose on Monday as an agreement between leaders of France and
Germany boosted optimism European leaders will reach. . . Full story |
e. . . Full story |
U.S. stocks jumped at the start
of what could be the most important week of the year for Wall
Street as hopes grew. . . Full story |
European stocks rose to a
five-week closing high on Monday, after French president Nicolas
Sarkozy and German chancellor Angela Merkel agreed on a. . . Full story | |||
Gold prices steadied on
Monday, after posting their sharpest weekly rise in more than a
month, as the dollar weakened and prospects brightened. . . Full story |
European shares briefly
extended gains and bund futures fell on Monday after German
chancellor Angela Merkel and French president Nicolas Sarkozy
said they had. . . Full story |
European stocks rose early on
Monday, adding to last week's 8.5 percent jump on growing hopes
of a comprehensive solution to the euro. . . Full story |
European stocks extended
their gains on Monday as investors bet French President Nicolas
Sarkozy and German Chancellor Angela Merkel will iron out their
differences. . . Full story | ||||
SA Business |
South Africa's power utility Eskom said on Monday it has returned to service the second unit at its Koeberg nuclear power station that was shut for generator repairs.. . . Full story |
South Africa's rand extended its gains against the dollar on Monday as market expected some resolution for the euro zone debt crisis from the European Union's summit later this week.. . . Full story |
South Africa's rand firmed slightly against the dollar on Monday with investors cautiously optimistic about the euro zone after Italy announced new austerity measures over the weekend.. . . Full story | ||||
Africa-focused telecom companies are betting that next generation long-term evolution (LTE) technology will drive broadband penetration in the world's least developed. . . Full story | Tencent Holdings Ltd
, China's biggest Internet company by revenue, is
issuing five-year bonds worth at least $500 million in its first
U.S. dollar-denominated. . . Full story | Nigeria's Ecobank said on Monday it would seek shareholders' approval on December 22 to merge its operations with rival Oceanic Bank,. . . Full story | Lonmin, the world's No. 3 platinum producer, said employees will receive pay rises and benefit improvements of up to 10 percent,. . . Full story |
Company News |
Notice was given that preference dividend number 67 of 5.5 cents per share, in respect of the cumulative preference shares, has. . . Full story |
IQG SFN SFNP
IQG SFN. . . Full story |
Shareholders were referred to the announcements dated 19 September 2011 and 15 November 2011 and to the circular dated 19 October. . . Full story |
Shareholders were referred to the announcements released on SENS on 17 November 2011, and published in the press on 18 November. . . Full story | |||
Rockwell Diamonds Inc. announce the sale of a unique investment diamond recovered from its Saxendrift mine, which formed one of a. . . Full story |
Spur announced that it has concluded agreements in terms of which it will acquire the fast food restaurant chain, DoRego's, for. . . Full story |
Anglo announced that, further to its announcement dated 4 November 2011, a general meeting will be held on Friday, 6 January. . . Full story |
Further to the SENS announcement of 24 October 2011, Afgri confirmed that all the conditions precedent to the transaction have now. . . Full story | ||||
Company Results | Cafca had a change of year end to 30 September to make the reporting period coterminous with that of the parent company. Revenue for the nine months to September 2011 amounted to USD18.6 million, while operating profit was recorded at USD2 million. Profit for the year was at USD1.3 million. Headline earnings per share amounted to US4cps.
Dividend
The directors have again waived the declaration of a dividend as our cash flow priorities are to first eliminate all borrowings and then to. . . Full story |
World Markets (Spot Prices)
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The JSE Today
Trading Statistics| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 05/12/2011 | 216 | 170 | 82 | 468 | 310,635,086 | R14,210,975,815 | 109030 | 2342946 |
| 02/12/2011 | 183 | 158 | 72 | 413 | 294,749,782 | R13,338,615,996 | 98344 | 2401611 |
| 01/12/2011 | 180 | 170 | 84 | 434 | 278,777,564 | R12,062,453,961 | 102464 | 2661837 |
| 30/11/2011 | 297 | 77 | 65 | 439 | 464,212,845 | R22,748,385,768 | 138660 | 2980237 |
| 29/11/2011 | 167 | 173 | 86 | 426 | 500,233,814 | R23,765,989,644 | 87866 | 2282028 |
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Stock Exchange News Service
| Date | Time | Headline |
| 05/12/2011 | 17:43 | Real Africa Holdings Limited - Posting of circular |
| 05/12/2011 | 17:30 | OML - Old Mutual plc - Form 8.3 |
| 05/12/2011 | 17:05 | Super Group Limited - Dealing in securities by director |
| 05/12/2011 | 17:05 | Super Group Limited - Dealing in securities by Super Group Share Incentive |
| 05/12/2011 | 17:03 | Intertrading - Termination of Proposed Acquisition of Connectnet Broadband |
| 05/12/2011 | 17:00 | INL/INP - Investec Limited/Investec plc - Notification of major interest in |
| 05/12/2011 | 17:00 | LBHP - Liberty Holdings Limited - Notice to holders of cumulative |
| 05/12/2011 | 16:58 | Randgold & Exploration Company Limited - Cautionary Announcement |
| 05/12/2011 | 16:56 | Pinnacle - Posting of Circular And Notice of General Meeting |
| 05/12/2011 | 16:53 | SFN/IQG - Sasfin/IQuad - Results of Mandatory Offer to Iquad Shareholders |
| 05/12/2011 | 16:52 | Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of |
| 05/12/2011 | 16:45 | EOH Holdings Limited - Notification in terms of section 122(3) of |
| 05/12/2011 | 16:40 | RCSC04 - RCS Investment Holdings (Proprietary) Limited - Full capital |
| 05/12/2011 | 16:37 | Steinhoff International Holdings Limited - Results of the |
| 05/12/2011 | 16:31 | Basil Read Holdings Limited - Dealings in securities by Director |
| 05/12/2011 | 16:30 | CCO - Capital & Counties Properties PLC - Notification of major |
| 05/12/2011 | 16:30 | Basil Read Holdings Limited - Dealings in securities by Director of a |
| 05/12/2011 | 16:04 | Shoprite Holdings Limited - Dealing in securities by a non-executive |
| 05/12/2011 | 16:00 | Platmin Limited - Platmin announces the results of the special meeting |
| 05/12/2011 | 16:00 | Merafe Resources Limited - Director`s share dealings |
| 05/12/2011 | 15:55 | BIPINF - Bips Government Inflation Linked Bond Fund - Listing of |
| 05/12/2011 | 15:54 | BIIND - iNdwa Investments Limited - Listing of New Financial Instrument |
| 05/12/2011 | 15:47 | RDFC02 - Redefine Properties Limited - New financial instrument listing |
| 05/12/2011 | 15:44 | RDFIVC - Investec Bank Limited - Redefine Properties Limited corporate |
| 05/12/2011 | 15:43 | RDFIVB - Investec Bank Limited - Redefine Properties Limited Corporate Action- |
| 05/12/2011 | 15:42 | RDFIHD - Investec Bank Limited - Redefine Properties Limited corporate action- |
| 05/12/2011 | 15:41 | RDFIDH - Investec Bank Limited - Redefine Properties Limited corporate |
| 05/12/2011 | 15:30 | Rockwell Diamonds Incorporated - Sale of Unique Polished Rockwell Diamond |
| 05/12/2011 | 15:17 | Mediclinic International Limited - Dealings in securities by a director of |
| 05/12/2011 | 15:15 | SGA/SGB - Synergy Income Fund Limited - Abridged pre-listing statement |
| 05/12/2011 | 14:55 | Optimum Coal Holdings Limited - Dealings in securities by directors |
| 05/12/2011 | 14:43 | Omnia Holdings Limited - Dealing in securities |
| 05/12/2011 | 14:20 | Capital Shopping Centres Group Plc - Notification of transactions of |
| 05/12/2011 | 14:05 | New Europe Property Investments plc - Results of the rights offer |
| 05/12/2011 | 14:00 | Keaton Energy Holdings Limited - Award and acceptance of share |
| 05/12/2011 | 13:09 | RESB01 - Resilient Property Income Fund Limited - Interest rate reset |
| 05/12/2011 | 13:06 | BIIND - iNdwa Investments Limited - Full Capital Redemption |
| 05/12/2011 | 12:32 | Lonmin Plc - Notification of major interest in sharesi |
| 05/12/2011 | 12:25 | The Bidvest Group Limited - Dealings in securities by director |
| 05/12/2011 | 12:06 | IPL - Imperial Holdings Limited - Dealing in securities by director of Imperial |
| 05/12/2011 | 12:00 | Cafca Limited - Audited Financial Results: nine months ended 30 |
| 05/12/2011 | 12:00 | Spur Corporation - Acquisition of DoRego`s fast food restaurant chain - |
| 05/12/2011 | 11:49 | FTG1 - First Strut (Proprietary) Limited - Interest rate reset announcement |
| 05/12/2011 | 11:44 | INL/INP - Investec Limited/Investec plc - Form 8 (DD) |
| 05/12/2011 | 11:43 | INL/INP - Investec Limited/Investec plc - FORM 8 (DD) |
| 05/12/2011 | 10:53 | Santova Logistics Limited - Finalisation Announcement |
| 05/12/2011 | 10:50 | INL/INP - Investec Limited/ Investec plc - Disclosure in accordance with rule |
| 05/12/2011 | 10:45 | Anglo American plc - Publication of Circular and Notice of General |
| 05/12/2011 | 10:30 | Gold Fields Limited - Media release - Update on impact of Peru |
| 05/12/2011 | 10:30 | Exxaro Resources Limited - Acceptance of conditional awards granted |
| 05/12/2011 | 10:07 | Rand Merchant Insurance Holdings Limited - Report on the |
| 05/12/2011 | 10:07 | RMB Holdings - Report on Proceedings at Annual General Meeting |
| 05/12/2011 | 09:37 | HPA/HPB - Hospitality Property Fund Limited - Trading statement |
| 05/12/2011 | 09:29 | The Bidvest Group Limited - Dealings in securities by company secretary |
| 05/12/2011 | 09:21 | Comair Limited - Trading Statement |
| 05/12/2011 | 09:00 | New Europe Property Investments plc - Issue of equity for the rights offer |
| 05/12/2011 | 09:00 | Lonmin Plc - Lonmin Reveals details of wage agreement with unions |
| 05/12/2011 | 08:34 | AFGRI Limited - Announcement relating to the disposal by GroCapital |
| 05/12/2011 | 08:30 | Metair - Notice of General Meeting |
| 05/12/2011 | 08:00 | Goliath Gold Mining Limited - Tender of 5 333 101 Gold One International |
| 05/12/2011 | 07:37 | Gold Fields Limited - Gold Fields hosts investor day in Johannesburg and |
| 05/12/2011 | 07:10 | British American Tobacco p.l.c - Transaction in own shares |
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