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Thursday, 29 December 2011 - 20:00
Charts
S.Africa rand firms within range vs dlr, 8.10 holds
JOHANNESBURG (Reuters) - South Africa's rand firmed against the dollar on Thursday with fewer importers around to buy dollars towards year-end but decent two-way trade left 8.10 resistance intact.
The currency traded in a 10 cent range between 8.12 and 8.22 per dollar in Thursday's session. It attempted 8.10 in the previous session but failed to break through that level.
If the rand manages to strengthen past 8.10 -- a level attempted in the past week and in November -- 8 rand forms the next area of resistance.
The currency is likely to end on the weaker side of 8 this year but with a firmer bias as importers stay out of the market at the end of the year.
"I would also say that traders are happy where the rand is at the moment. The big risk sell-off that saw USD/ZAR hit 8.6100 may have been seen as a bit extreme, so players are just sitting and waiting to see what happens," said Christopher Shiells, an emerging markets analyst at Informa Global Markets.
"(However) they have not turned bullish on the rand and want to be able to get back on the dollar if risk comes off again sharply in 2012, whilst at the same time, long term most people think the rand is due a rally, perhaps later in 2012."
The dollar has gained about 23 percent on the rand this year and while Europe's debt problems are unresolved, the local unit is likely to remain under selling pressure early in the new year.
South Africa's trade account showed an 8 billion rand deficit in November compared with a 9.6 billion rand shortfall in October, a report showed during the session.
The account is seen posting more deficits in coming months as demand for local exports from the European market wanes.
Government bonds closed the session mixed but had made only slight moves in an illiquid session.
The yield on the four-year government bond ended at 6.75 percent from 6.745 percent previously, while the 2026 yield was at 8.50 percent from 8.505 percent on Wednesday.
The market officially closed at 1000 GMT in holiday-shortened trading hours.
Thu, 29 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") South African stocks fell further away from their breakeven level for 2011, edging down 0.4 percent on Thursday as miners such as Impala Platinum were hit by a sell-off in precious metals. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-12-29T104040Z_1_AJOE7BS0TNU00_RTROPTP_3_OZABS-SAFRICA-PETROL-20111229.JPG "A customer fuels her car with unleaded petrol at a Morrisons supermarket in Coalville") South Africa's petrol pump prices in the main inland commercial region of Gauteng will drop by 6 cents or roughly 0.5 percent a litre next Wednesday, the energy department said on Thursday. Full story |
 Syrian security forces shot dead 17 protesters on Thursday, six of them in a city being visited by Arab League monitors checking on President Bashar al-Assad's compliance with a pledge to stop a military crackdown on popular unrest. Full story  At least 17 people died and 80 were injured after an early morning explosion at a warehouse storing gunpowder, likely for use at mine blast sites, in Myanmar's biggest city of Yangon, police and fire officials said on Thursday. Full story  Turkish warplanes killed 35 civilian smugglers in northern Iraq after mistaking them for Kurdish militants, Ankara's ruling party said on Thursday, promising not to allow a cover-up of an incident that threatens to wreck relations with minority Kurds. Full story |
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Markets |
Wall Street stocks
resumed their upward move into year-end on Thursday
but the S&P 500 continued to churn around its 200-day moving
average as. . . Full story |
The euro hit a 15-month
low against the U.S. dollar on Thursday after an
Italian debt auction fueled concerns about the euro-zone debt
crisis. . . Full story |
Integrated oils pushed
Britain's top shares higher on Thursday, boosted by robust crude
prices, in thin volumes on the last full trading day. . . Full story |
U.S. stocks rose
on Thursday after a sharp drop in the last session
but elevated Italian bond yields and a weak reading. . . Full story | |||
Gold dropped to its lowest
in almost 6-months on Thursday as the euro fell against the
dollar after an Italian bond auction saw. . . Full story |
European shares steadied on
Thursday in low volume as investors remained wary after Italian
10-year bond yields stayed near 7 percent, deemed by. . . Full story |
A rally by commodity issues
helped haul Britain's top share index modestly higher on
Thursday, the final full trading session of 2011, with. . . Full story |
European shares rose on
Thursday in low volume, recovering from the previous session
falls, on hope there would be demand at an Italian. . . Full story | ||||
SA Business |
. . . Full story | ||||||
A major independent
warehouser has extended its network further with a purchase in
South Africa, an informed industry source told Reuters on
Thursday, at a time when delivery and storage is one of the
hottest issues for the metals market.. . . Full story | South Africa's trade account recorded a deficit of 8.0 billion rand in November compared with a 9.6 billion rand shortfall in October, the South African Revenue Service said on Thursday.. . . Full story |
Company News |
First Uranium Corporation announced that in connection with the continuous disclosure obligations under the rules of the JSE , Mine Waste Solutions (Pty) Ltd ("MWS")issued its unaudited interim abridged consolidated financial statements (the "Financial Statements") for the six month period ended. . . Full story |
Shareholders were advised that the company's 2011 integrated annual report containing the annual financial statements for the year ended 30 September 2011 was posted to shareholders on 29 December 2011 and contains no modifications to the audited preliminary results which were. . . Full story | |||||
Company Results | The results include the SIC 12 consolidation of Solethu Civils. Revenue increased to R226 million (R157.4 million) and gross profit rose to R63.1 million (R46.8 million). A net attributable loss of. . . Full story | Revenue fell to R393.7 million (R405.1 million), while operating profit decreased to R27.3 million (R33.3 million). Profit for the year was down to R22.1 million (R27.9 million). Earnings per share fell. . . Full story | The company reported an operating loss of R1.1 million (profit of R2.4 million), but profit attributable to ordinary shareholders rose to R4.6 million (R2.5 million). Headline earnings per share improved 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 |
|---|---|---|---|---|---|---|---|---|
| 29/12/2011 | 147 | 152 | 72 | 371 | 166,850,582 | R5,174,232,532 | 53686 | 2351148 |
| 28/12/2011 | 173 | 160 | 77 | 410 | 192,930,711 | R6,564,283,633 | 60756 | 1822183 |
| 23/12/2011 | 180 | 89 | 68 | 337 | 100,708,473 | R4,320,560,662 | 35266 | 864953 |
| 22/12/2011 | 201 | 124 | 67 | 392 | 169,444,392 | R7,673,463,808 | 69376 | 2302948 |
| 21/12/2011 | 162 | 178 | 78 | 418 | 262,993,376 | R9,617,018,432 | 88799 | 2545586 |
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Stock Exchange News Service
| Date | Time | Headline |
| 29/12/2011 | 17:50 | Gold One International Limited - Appendix 3Y Change Of Director`s |
| 29/12/2011 | 17:37 | Huge Group Limited - Directors` dealing in securities |
| 29/12/2011 | 16:57 | GEN - FTSE/JSE Africa Index Series - Ingenuity Property (South Africa): Shares |
| 29/12/2011 | 16:37 | CUL - Cullinan Holdings Ltd - Audited condensed consolidated results for the |
| 29/12/2011 | 15:18 | Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of |
| 29/12/2011 | 14:34 | Excellerate Holdings Limited - Notice of a disposal and an acquisition |
| 29/12/2011 | 14:04 | ABL/ABLP - African Bank Investments Limited - No change statement and notice |
| 29/12/2011 | 14:00 | INL/INP - Investec Limited/Investec plc - Director Dealing in Securities |
| 29/12/2011 | 13:52 | Lonmin Plc - Final Dividend - USD/Rand exchange rate |
| 29/12/2011 | 12:30 | Capricorn Investment Holdings Limited - Trading statement |
| 29/12/2011 | 12:00 | ABL11B - African Bank Limited - Interest rate reset announcement |
| 29/12/2011 | 10:40 | First Uranium Corporation - Mine Waste Solutions submits six month |
| 29/12/2011 | 10:37 | BIIIPL - iNguza Investments (Proprietary) Limited - Partial Capital |
| 29/12/2011 | 10:00 | Masonite (Africa) Limited - Further cautionary announcement |
| 29/12/2011 | 09:55 | FRC45 - FirstRand Bank Limited - Full Capital Redemption |
| 29/12/2011 | 09:26 | MWNT - Mine Waste Solutions - Interim Results Report |
| 29/12/2011 | 09:24 | MWNT - Mine Waste Solutions - Interim abridged consolidated results of Mine |
| 29/12/2011 | 09:01 | General - Capricorn Investment Holdings Limited - Disclaimed Reviewed Report |
| 29/12/2011 | 09:00 | Pan African Resources plc - Further cautionary announcement |
| 29/12/2011 | 07:05 | Pretoria Portland Cement Company Limited - No change statement and |
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