Tuesday, 06 December 2011 - 20:00
Charts
S.Africa's rand, bonds hit by new wave of risk-off
JOHANNESBURG (Reuters) - The rand weakened against the dollar on Tuesday, pulling back from a week-long firming trend as headlines out of Europe hit sentiment towards risky assets.
The rand is a heavily traded emerging market currency and susceptible to risk-off, risk-on trade, making it volatile.
Government bonds followed the negative market sentiment but the Treasury managed to attract decent demand at an auction earlier in the session, which helped bonds off the day's lows.
Investors are taking positions based on developments in Europe, where the world is watching to see whether the European monetary union will collapse or manage to save itself from its debt crisis.
Ratings agency Standard and Poors' warned late on Monday about the credit rating of 15 euro zone countries, making already jittery investors sell risky holdings in Tuesday's local session.
The rand pulled back from a previous three-week high to trade at 8.1275 against the dollar on the day, after closing at 8.0624 in the New York market on Monday.
Yields on government debt rose during most of the session and were up 4 basis points to 6.705 percent on the 4-year bond and 5 basis points on the 15-year issue to 8.41 percent an hour before trade closed for the day.
"We had a weaker rand before the auction and then had supply come into the market, which added pressure. We're off the worst levels of the day though because the auction saw good demand," said Daniel Sabiston from Absa Capital.
Treasury managed to sell the 2.1 billion rand in 10 and 30-year paper offered at auction at lower yields, even with the gloomy market sentiment.
Demand was also sustained from last week's sale, a result analysts say the government will be more than happy with in the current market environment.
Traders are reporting very light volumes in recent sessions, with only 6 billion rand going through the market on Monday, compared to about 18-20 billion rand daily turnover in normal liquidity.
Tue, 06 Dec 2011
Top News
South Africa's top Top-40 share index declined 0.42 percent on Tuesday as negative sentiment in global markets heaped pressure on resource stocks such as gold miners Harmony and AngloGold Ashanti. Full story
China will install wind and solar power capacity equivalent to 180 nuclear power reactors in the next 10 years to meet its growing energy needs, the International Energy Agency said on Monday, citing its latest estimate. Full story |
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A suicide attack killed dozens of Shi'ite Muslims at a crowded Kabul shrine on Tuesday and four died in a smaller blast in a key northern city in the worst sectarian violence Afghanistan has seen since the fall of the Taliban. Full storyFresh clashes broke out between demonstrators and Greek police outside parliament on Tuesday evening, hours after police fired teargas to disperse youths hurling petrol bombs at them. Full storyThe Muslim Brotherhood promised Egyptians voting in a run-off on Tuesday it would work in a broad coalition if its party wins parliamentary elections, saying it hoped to avoid a showdown with the ruling military council. Full story |
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Markets | Britain's top share index ended
flat on Tuesday with banks and retailers falling and sentiment
hurt by credit agency Standard & Poors which. . . Full story | | Gold fell in quiet trade
on Tuesday, on track for its biggest two-day loss in two weeks,
as jittery investors remained focused on. . . Full story | | Global stocks and the euro
weakened on Tuesday after S&P warned of a possible downgrade for
15 euro zone nations, though analysts expressed. . . Full story | | European shares fell on
Tuesday in a choppy, thinly traded session, led by retailers
after German firm Metro posted a weak outlook.. . . Full story |
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| U.S. stocks opened little
changed on Tuesday as investors continued to cautiously view
the ongoing sovereign debt crisis in Europe.. . . Full story | | European shares were flat on
Tuesday as strategists said they were optimistic policymakers
would make progress on a solution for the region's debt. . . Full story | | Bruised and battered by euro
zone debt problems, the bloc's banks have come off the ropes and
could double the 20 percent gains. . . Full story | | European shares fell on
Tuesday after Standard & Poor's warned it might downgrade 15 of
the 17 euro zone countries, including Germany and. . . Full story |
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SA Business | South Africa's National Treasury is considering issuing Islamic bonds to diversify its investor base and could have its first sukuk in. . . Full story | | South Africa exported 34,858 tonnes of white maize last week compared with 53,988 tonnes in the previous week, the South African. . . Full story | | South Africa's Richards Bay Coal Terminal (RBCT) exported 6.3 million tonnes of coal in November compared with 7.4 million tonnes the. . . Full story | | South Africa's rand weakened against the dollar on Tuesday as the market reeled after ratings agency Standard & Poor's warned it. . . Full story |
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| South Africa's Treasury borrowed 2.1 billion rand through its 10 year and 30 year bonds at slightly lower yields on Tuesday, showing the market still had appetite for government paper even during the global uncertainty.. . . Full story | | South Africa's central government took direct control of parts of several provincial administrations on Monday in a clampdown on profligate spending and to try to iron out long-running problems with shoddy public services.. . . Full story |
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Company News | Shareholders are advised that at the annual general meeting all the resolutions set out in the notice were passed by the. . . Full story | | Zurich SA shareholders are referred to the announcement released by Escape Premium Collection (Pty) Ltd ("Escape") today regarding the process. . . Full story | | At the twelfth (12th) annual general meeting of the shareholders of Discovery held today, 6 December 2011, all the ordinary and. . . Full story | | Shareholders are advised that Piruto B.V., a wholly-owned subsidiary of Glencore International AG ("Glencore"), purchased 6 635 000 shares in Optimum. . . Full story |
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| Datatec announced the allotment of 26 162 ordinary ZAR0.01 shares following the exercise of share options. Application has been made to. . . Full story | | Further to the cautionary announcement dated 30 September 2010 and subsequent renewal of cautionary announcements, the last of which was dated. . . Full story | | Anglo announced board approval of its 5 million tonne per annum (Mtpa) Grosvenor metallurgical coal project in the Bowen Basin of. . . Full story | | Business Day reported that Amplats is driving fuel cell development in SA to prepare for the decline in the use of. . . Full story |
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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. . . Full story | | Gross written premium increased to R32.2 million (R28.6 million). Net attributable profit rose by more than 50% to R3.7 million (R2.2 million). In addition, headline earnings grew to 31.33c (18.10cps).
Notice of AGM
Notice was given that the annual general meeting of. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 32719.23 | -112.99 | -0.34% | JSE Top 40 | 17:00 | 29283.81 | -124.09 | -0.42% | JSE Gold | 17:00 | 3097.78 | -48.51 | -1.54% | JSE Financial | 17:00 | 22044.35 | -45.00 | -0.20% | JSE Industrial | 17:00 | 34522.59 | -99.69 | -0.29% | JSE Indust 25 | 17:00 | 28996.81 | -101.01 | -0.35% | JSE Resource | 17:00 | 54259.12 | -234.13 | -0.43% | DJ Futures | 19:56 | 12125.00 | 59.00 | 0.49% | DJ Ind | 19:41 | 12140.78 | 42.95 | 0.36% | SP 500 | 19:56 | 1256.44 | -0.64 | -0.05% | Nasdaq | 19:56 | 2643.52 | -12.24 | -0.46% | FTSE 100 | 18:35 | 5568.72 | .76 | 0.01% | DAX | 18:46 | 6051.72 | -54.37 | -0.89% | CAC40 | 18:46 | 3190.41 | -10.87 | -0.34% | Nikkei | 08:26 | 8575.16 | -120.82 | -1.39% | Shanghai | 09:26 | 2325.90 | -7.32 | -0.31% | Hang-Seng | 10:26 | 18942.23 | -237.46 | -1.24% | All Ords | 08:49 | 4321.60 | -57.90 | -1.32% | NZSE 50 | 06:46 | 3291.49 | -9.73 | -0.29% |
| | Name | Time | RP | Move | % Move | Gold | 19:59 | 1725.07 | 2.50 | 0.15% | Gold/Rand | 19:58 | 13847.97 | -2.70 | -0.02% | Gold/R kg | 19:56 | 444982 | -6659 | -1.47% | Silver | 19:59 | 32.5290 | .4990 | 1.56% | Platinum | 19:59 | 1520.20 | 5.35 | 0.35% | Palladium | 19:59 | 663.75 | 36.10 | 5.75% | R157 | 14:28 | 6.69 | .03 | 0.45% | R204 | 17:02 | 7.58 | .05 | 0.66% | Brent Crude | 19:56 | 110.36 | -.45 | -0.41% | Rand / Dollar | 19:59 | 8.0244 | -0.0156 | -0.19% | Rand / Pound | 19:55 | 12.4698 | -0.0849 | -0.68% | Rand / Euro | 19:55 | 10.7529 | -0.0202 | -0.19% | Rand / NZD | 19:58 | 6.2580 | -0.0154 | -0.25% | Rand / AUD | 19:55 | 8.2188 | -0.0315 | -0.38% | Yen / Dollar | 19:59 | 77.7120 | -0.1160 | -0.15% | Euro / Dollar | 19:55 | 0.7461 | -0.0002 | -0.03% | Dollar / Euro | 19:57 | 1.3397 | 0.0005 | 0.04% | Pound / Dollar | 19:55 | 0.6417 | 0.0029 | 0.45% |
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The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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06/12/2011 | 137 | 200 | 84 | 421 | 283,345,136 | R12,462,588,079 | 91880 | 2310652 | 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 |
Index Summary Index Name | RP | Move | % Move | Top 40 | 29,283.81 | -124.09 | -0.42% | Industrial | 34,522.59 | -99.69 | -0.29% | Mid Cap | 43,741.73 | 9.11 | 0.02% | Small Cap | 32,411.83 | 104.34 | 0.32% | Resource 20 | 54,259.12 | -234.13 | -0.43% | Industrial 25 | 28,996.81 | -101.01 | -0.35% | Financial 15 | 8,294.69 | -25.23 | -0.30% | Financial & Ind. 30 | 31,986.89 | -116.69 | -0.36% | All Share | 32,719.23 | -112.99 | -0.34% | Oil & Gas | 29,574.36 | -15.13 | -0.05% | Mining | 35,228.58 | -195.43 | -0.55% | Gold Mining | 3,097.78 | -48.51 | -1.54% | Platinum Mining | 63.21 | -.71 | -1.11% | GENERAL MINING | 8,628.61 | -16.59 | -0.19% | Oil & Gas Producers | 15,901.59 | -8.13 | -0.05% | Basic Materials | 29,675.77 | -153.15 | -0.51% | Chemicals | 13,903.26 | 366.43 | 2.71% | Forestry & Paper | 11,889.89 | -37.13 | -0.31% | Industrial Metals | 29,165.94 | -194.32 | -0.66% | Industrials | 28,707.63 | -93.17 | -0.32% | General Industrials | 80,486.74 | -751.53 | -0.93% | Consumer Goods | 29,591.45 | -63.85 | -0.22% | Automobiles & Parts | 4,071.50 | 58.88 | 1.47% | Household Goods | 165.83 | 4 | 2.57% | Health Care | 35,045.38 | -206.48 | -0.59% | Beverages | 95.68 | .23 | 0.24% |
| | Index Name | RP | Move | % Move | Food Producers | 53,746.77 | -226.83 | -0.42% | Personal Goods | 431.67 | -5.99 | -1.37% | Consumer Services | 57,555.39 | 35.10 | 0.06% | General Retailers | 49,017.62 | 76.01 | 0.16% | Travel & Leisure | 3,626.04 | 19.65 | 0.54% | Media | 75.56 | -.97 | -1.27% | Support Services | 2,117.01 | -6.92 | -0.33% | Telecommunications | 69,804.88 | -475.08 | -0.68% | Financials | 22,044.35 | -45.00 | -0.20% | Banks | 41,328.59 | -87.37 | -0.21% | Non-life Insurance | 33,473.45 | -354.03 | -1.05% | Life Insurance | 16,742.87 | -61.94 | -0.37% | General Financial | 2,186.35 | -11.93 | -0.54% | Technology | 23,742.06 | -1224.19 | -4.90% | SHARIAH TOP40 | 3,187.38 | -18 | -0.55% | FTSE/JSE SHARIAH ALL | 3,246.14 | -17 | -0.51% | COAL MINING | 24,173.08 | 187 | 0.78% | FTSE JSE Fledgling | 4,708.24 | 2 | 0.04% | FTSE/JSE Alt X | 1,243.58 | 17 | 1.40% | SA LISTED PROPERTY | 383.05 | | 0.29% | CAPPED PROPERTY | 314.53 | | 0.11% | RESOURCE | 30,028.93 | -145 | -0.48% | DIVIDEND PLUS | 178.66 | -0 | -0.22% | FTSE/JSE RAFI 40 | 6,765.77 | -22 | -0.32% | Capped Top 40 | 15,391.57 | -69 | -0.45% | Capped All Share | 16,529.03 | -58 | -0.35% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | APN | ASPEN PHARMACARE HLDGS | BUY | 01 Dec | TSH | TSOGO SUN HOLDINGS LIMITE... | BUY | 01 Dec | GRT | GROWTHPOINT PROPERTIES LI... | HOLD | 01 Dec | SOL | SASOL LIMITED | BUY | 01 Dec | ALT | ALLIED TECHNOLOGIES LIMIT... | HOLD | 01 Dec |
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Results Expected** Expected | Company Name | Fin. Date | 07 Dec 2011 | ZCI | September 2011 (Interim) | 08 Dec 2011 | ZAPTRONX | August 2011 (Final) | 09 Dec 2011 | ACTOWERS | August 2011 (Interim) | 15 Dec 2011 | RACEC | September 2011 (Final) | 15 Dec 2011 | TELEMASTR | September 2011 (Final) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | LIBHOLD11 | 11-12-05 | 11-12-22 | 12-01-03 | R 0.0550 | AFPREFINV | 11-12-01 | 11-12-15 | 11-12-27 | R 0.1851 | PBT | 11-11-30 | 11-12-29 | 12-01-09 | R 0.0333 | BCX | 11-11-30 | 12-01-06 | 12-01-16 | R 0.4000 | ORION | 11-11-29 | 11-12-15 | 11-12-27 | R 0.0011 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | ACUCAP | 11-11-17 | 11-12-02 | 11-12-12 | R 1.4500 | JDGROUP | 11-11-14 | 11-12-02 | 11-12-12 | R 1.0000 | SYCOM | 11-11-17 | 11-12-02 | 11-12-12 | R 0.8105 | REX TRUE | 11-11-16 | 11-12-02 | 11-12-12 | R 0.5200 | REX TRUE -N- | 11-11-16 | 11-12-02 | 11-12-12 | R 0.5200 |
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Upcoming AGMs** Code | Company Name | Date | Status | DSBP | Discovery Holdings Ltd | 06/12/2011 | Confirmed | DSY | Discovery Holdings Ltd | 06/12/2011 | Confirmed | PHM | Phumelela Gaming and Leisure Ltd | 06/12/2011 | Confirmed | AET | Alert Steel Holdings Ltd | 07/12/2011 | Confirmed | GPLP | Grand Parade Investments Ltd | 07/12/2011 | Confirmed |
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