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Tuesday, 10 January 2012 - 20:00
Charts
S.Africa's rand breaks losing streak, bonds rise
JOHANNESBURG (Reuters) - South Africa's rand firmed for the first day in five on Tuesday as risk sentiment improved with positive signals out of the Unites States, which in turn helped bond prices higher.
The rand broke the 8.10/12 resistance area to trade at 8.0625, making 1.1 percent worth of gains against the dollar on the day. It closed at 8.15 in New York on Monday.
Analysts see little chance for the rand to break the big 8 rand level without a convincing rally from the euro.
"Euro/dollar has struggled to rally much beyond 1.2800 and this has limited any further dollar/rand downside, as has traders buying on dips below 8.1000. I don't think USD/ZAR is going to break below 8.0000 anytime soon," said Christopher Shiells of Informa Global Markets.
The firmer rand helped to drag bond yields, which trade inversely to the price, to a week low.
The yield on the three-year bond closed at 6.80 percent from 6.885 percent on Monday and the fourteen year yield ended at 8.575 percent from 8.67 percent previously.
Treasury held its first fixed income auction for the year which saw healthy demand even though some players were said to be holding back.
"Most local clients we spoke to all wanted to adopt a wait and see strategy for the auction. It cleared a tad higher than I would have expected being the first auction but results were fair," said Steve Arnold, a bond trader at Investec.
"Rand strength dragged yields lower for most of the afternoon and I guess that players who missed (the auction) today jumped in as well," Arnold added.
South Africa also sold a $1.5 billion 12 year eurobond, taking advantage of low U.S. yields to diversify its sources of funding and pay down more expensive domestic debt. [ID:nL6E8CA0LJ
The bond attracted bids totalling $3 billion and saw demand from mainly European and American investors.
Analysts say state-owned agencies are likely to follow suit now that the sovereign has set a benchmark.
Tue, 10 Jan 2012Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2012-01-10T155647Z_1_AJOE80918AQ00_RTROPTP_3_OZABS-MARKETS-SAFRICA-20120110.JPG "Electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton") South African stocks rose for a third straight trading day on Tuesday, pushing the benchmark index to its highest closing level in a month as a rebound in metal prices bolstered miners. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2012-01-10T134106Z_1_AJOE809120L00_RTROPTP_3_OZABS-SAFRICA-POWER-20120110.JPG "Electricity pylons carry power from Cape Town's Koeberg nuclear power plant") South African utility Eskom warned this week that supply of electricity will be extremely tight in January after the power firm took down more plants to conduct maintenance and supply had also been hit by unplanned outages. Full story |
 Syrian President Bashar al-Assad vowed on Tuesday to strike "terrorists" with an iron fist and derided Arab League efforts to halt violence in a 10-month-old revolt against his rule. Full story  With Mitt Romney poised to stride toward the Republican presidential nomination by capturing New Hampshire on Tuesday, all eyes were on whether he could win big enough to convince his party he is the best candidate to defeat Democrat Barack Obama. Full story  Europe and Japan moved ahead on Tuesday in planning for punitive cuts in oil imports from Iran, where a senior official dismissed Western anger at news Tehran is enriching uranium deep underground as cover for ulterior motives. Full story |
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Markets |
European shares hit a
one-week closing high on Tuesday as encouraging comments from
some leading U.S. companies and hopes for more policy easing. . . Full story |
Gold surged 1.5
percent to a three-week high on Tuesday, rallying
with the stock market on optimism about the global economy after
a bullish. . . Full story |
Global stocks rallied on
Tuesday on a wave of optimism over the economy after a bullish
outlook from U.S. aluminum maker Alcoa and. . . Full story |
U.S. stocks hit a
five-month high on Tuesday after strong import data
from major metals consumer China and a bullish forecast by Alcoa
boosted. . . Full story | |||
Commodity stocks led
Britain's top share index higher on Tuesday, after Alcoa kicked
off the U.S. earnings season with an upbeat outlook and. . . Full story |
European shares hit a
one-week closing high on Tuesday after encouraging comments from
some leading U.S. companies and hopes for more policy easing. . . Full story |
U.S. stocks rose
on Tuesday after a bullish Alcoa forecast and
encouraging Chinese trade data boosted the outlook for the
commodities sector, signaling. . . Full story |
Hong Kong shares rose
for a second straight session on Tuesday, spurred by strength in
mainland markets after weak China trade data boosted. . . Full story | ||||
SA Business |
South Africa has completed the sale of a $1.5 billion 12-year global bond, taking advantage of record low U.S. yields to diversify its sources of funding and pay down more expensive. . . Full story |
South Africa's business confidence index increased to 99.1 in December from 97.4 in November, the first rise since April last year, the South African Chamber of Commerce and Industry (SACCI) said. . . Full story |
South Africa plans to issue about 1 billion dollars of a 12-year bond in the international markets on Tuesday, traders said.. . . Full story | ||||
General Electric Co said it booked an order for 43 railroad locomotives from South African government-owned Transnet , continuing its trend. . . Full story | South Africa's Reserve Bank says it will not lengthen the time lenders in the country will have to comply with the. . . Full story | South African vehicle manufacturers finished 2011 on a high, recording their highest sales in five years as a combination of lower. . . Full story | South Africa's total new vehicle sales increased by 11 percent year-on-year to 43,790 units in December, the National Association of Automobile. . . Full story |
South African government bonds firmed slightly on Tuesday ahead of the year's first weekly debt auction, which is expected to attract healthy demand.. . . Full story |
Company News |
The North Gauteng High Court, Pretoria, on 10 January ruled on a court application submitted by Mr Ron Nel and 34. . . Full story |
Shareholders are advised that, for the year ended 30 November 2011, Hudaco's earnings per share ("EPS") are expected to be between. . . Full story |
Shareholders are referred to the announcement released on SENS on 19 December 2011 and in the press on 20 December 2011. . . Full story |
Shareholders are advised of the following changes to the board of directors ("the board"):
* Ralph Patmore has been appointed as. . . Full story | |||
The company wished to advise shareholders that, with effect from 9 January 2012, Mr. Shaun Strydom has resigned from his role as group financial director of Blue. Mr Strydom will however continue to serve on the board of Blue as an. . . Full story |
Bytes Technology Group, wholly owned by Altron, has entered into agreements to acquire 100% of the issued share capital of Unisys Africa from Unisys Corporation and CyberKnowledge Systems Investments (Pty) Ltd, a local empowerment company. The transaction is subject to competition. . . Full story | ||||||
Company Results | Revenue improved to R268.1 million (R236.9 million) and gross profit rose to R42.4 million (R36.2 million). Profit for the year grew to R10 million (R7.8 million), while headline earnings per share strengthened to 23.80cps (19.36cps).
Dividends
*First quarter -- A dividend of 4 cents (2010: 4 cents) per share was declared on 22 December 2010 and paid to all shareholders recorded in the share register of the company at the close of business on Friday, 21 January 2011;
*Second quart. . . Full story |
World Markets (Spot Prices)
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The JSE Today
| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 10/01/2012 | 220 | 121 | 87 | 428 | 356,633,454 | R11,774,989,569 | 87556 | 2190850 |
| 09/01/2012 | 152 | 174 | 70 | 396 | 195,075,638 | R9,705,960,100 | 72740 | 2409723 |
| 06/01/2012 | 194 | 121 | 77 | 392 | 194,249,028 | R10,753,317,294 | 70749 | 2353067 |
| 05/01/2012 | 126 | 198 | 90 | 414 | 197,170,721 | R10,877,416,250 | 78329 | 2424371 |
| 04/01/2012 | 228 | 134 | 67 | 429 | 183,466,147 | R8,612,717,301 | 89291 | 2320803 |
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Stock Exchange News Service
| Date | Time | Headline |
| 10/01/2012 | 17:30 | Accentuate Limited - Disposal by Accentuate of the operational assets |
| 10/01/2012 | 17:17 | Digicore Holdings Limited - Change to the board of directors |
| 10/01/2012 | 16:58 | Miranda Mineral Holdings Limited - Shareholder update regarding a court |
| 10/01/2012 | 16:53 | Buildmax Limited - Dealing in securities |
| 10/01/2012 | 16:45 | Santova Limited - Resignation of director of listed company |
| 10/01/2012 | 16:27 | Consolidated Infrastructure Group Limited - Change to the board |
| 10/01/2012 | 16:20 | Naspers Limited - Director dealing in securities |
| 10/01/2012 | 15:58 | BINRA - The South African National Roads Agency Limited - New Financial |
| 10/01/2012 | 15:49 | PBT Group Limited - Financial effects on PBT for the 12 months ended 31 |
| 10/01/2012 | 15:47 | Vunani Limited - Proposed conversion and consolidation of the share |
| 10/01/2012 | 15:43 | GRD167 - Grayston Conduit 1 (Proprietary) Limited - New Financial Instrument |
| 10/01/2012 | 15:30 | Lonrho Plc - Notification of major interest in shares |
| 10/01/2012 | 15:00 | Witwatersrand Consolidated Gold Resources Limited - Wits Gold |
| 10/01/2012 | 13:58 | Hudaco Industries Limited - Trading statement |
| 10/01/2012 | 13:33 | Kap International Holdings Limited - Reminder and confirmation of |
| 10/01/2012 | 13:24 | Lonmin Plc - Annual information update for the 12 months up to and |
| 10/01/2012 | 13:18 | Village Main Reef Limited - Lesego successfully completes positive |
| 10/01/2012 | 12:37 | STXIND - Satrix Indi Portfolio - Distribution finalisation announcement - |
| 10/01/2012 | 12:36 | STXFIN - Satrix Fini Portfolio - Distribution Finalisation Announcement quarter |
| 10/01/2012 | 12:34 | STXRAF - SATRIX RAFI40 - Distribution and re-investment announcement 6 months |
| 10/01/2012 | 12:33 | STXRES - Satrix Resi Portfolio - Distribution finalisation announcement - |
| 10/01/2012 | 12:32 | STX40 - SATRIX 40 PORTFOLIO - Distribution Finalisation announcement |
| 10/01/2012 | 12:31 | STXSWX - SATRIX SWIX TOP 40 PORTFOLIO - Distribution Finalisation |
| 10/01/2012 | 12:30 | STXDIV - Satrix Dividend Plus Portfolio - Distribution Finalisation Announcement |
| 10/01/2012 | 11:24 | Resource Generation Limited - Change of Director`s Interest Notice |
| 10/01/2012 | 10:42 | BIIND - iNdwa Investments Limited - New Instrument Listing and Tap Issue |
| 10/01/2012 | 10:22 | Calgro M3 - Changes to the board of directors |
| 10/01/2012 | 09:30 | Blue Financial Services Limited - Changes to the Board |
| 10/01/2012 | 09:00 | SACOIL Holdings Limited SACOIL appoints two senior managers to |
| 10/01/2012 | 08:00 | Telemasters Holdings Limited - Reviewed Provisional Condensed Consolidated |
| 10/01/2012 | 07:15 | ATN/ATNP - Allied Electronics Corporation Limited - Bytes to Acquire Unisys |
| 10/01/2012 | 07:05 | Lonmin Plc - Directors` and PDMRs` share dealings |
Click here for more SENS news