Friday, 13 January 2012 - 20:00
Charts
S.Africa's rand falls 2 pct after outlook downgrade
JOHANNESBURG (Reuters) - The rand tumbled 2 percent against the dollar late in Friday's session as investors dumped the currency after Fitch downgraded South Africa's rating outlook.
The rand had looked ready to firm through 8 rand to the dollar, a resistance level, before the announcement, but the combination of Fitch's action and reports of possible downgrades to some European countries saw investors march out of risky positions before the weekend.
The rand weakened to its worst level in a week at 8.2249, retreating quickly from the session high of 8.0235 touched earlier.
Fitch cut South Africa's rating outlook to negative, saying it had seen limited progress on several long-standing structural issues that have caused the economy to fall behind its peers.
South African shares also lost on the Fitch move, which is likely to see investors charge South Africa more to borrow.
Government bonds reacted to the negative mood with yields climbing 6.5 basis points to 6.795 percent on the 2015 issue and 3.5 basis points to 8.565 percent on the 2026 bond.
Fri, 13 Jan 2012
Top News
The rand tumbled 2 percent against the dollar late in Friday's session as investors dumped the currency after Fitch downgraded South Africa's rating outlook. Full story
South Africa's Treasury reacted to a Fitch downgrade of the country's outlook on Friday by saying it remains committed to the prudent execution of growth and policies that boost employment. Full story |
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President Asif Ali Zardari's ruling party lobbied coalition partners on Friday for a vote of support as the government faces the most intense pressure from the powerful military since a 1999 coup. Full storyMyanmar freed at least 200 political prisoners on Friday in an amnesty that could embolden the opposition and put pressure on the West to lift sanctions as one of the world's most reclusive states opens up after half a century of authoritarian rule. Full storyProtests against President Bashar al-Assad erupted in several Syrian cities Friday, activists said, and the Arab League chief said he feared the bloody unrest could degenerate into a civil war with ill effects for the wider region. Full story |
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Markets | Britain's FTSE 100
share index fell on Friday, retracing earlier gains, on reports
that debt ratings agency Standard & Poor's was set. . . Full story | | European shares fell on
Friday after sources said credit rating agency Standard & Poor's
was set to go through with a long-mooted downgrade. . . Full story | | Gold fell around 1
percent on Friday, after the dollar surged against
the euro and fears about an imminent credit downgrade of euro
zone. . . Full story | | The euro and world stocks
dropped on Friday after news reports of possible
credit downgrades of euro zone countries and a lackluster. . . Full story |
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| European shares extended
falls on Friday, with euro zone banks lower after a senior euro
zone government source said credit rating agency Standard. . . Full story | | Bank shares led a 1
percent drop in U.S. stocks on Friday as speculation
swept the market that Standard & Poor's was set. . . Full story | | U.S. stocks fell at the
open on Friday after reports that Standard & Poor's
was set to downgrade the ratings on several euro. . . Full story | | European shares turned
negative after a senior euro zone government source said ratings
agency Standard & Poor's was set to downgrade several,
unspecified euro. . . Full story |
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SA Business | South African stocks retreated on Friday after the Fitch rating agency cut the country's outlook to negative from stable, while weaker. . . Full story | | South African platinum producers said on Friday they were confident there would be sufficient electricity to power their mines this month,. . . Full story | | BHP Billiton's South African coal unit has suspended mining activities at the underground operations of its Khutala colliery in South Africa. . . Full story | | South Africa's Exxaro Resources said a planned strike by workers at its Arnot coal mine has been called off after it. . . Full story |
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| ArcelorMittal South Africa, a unit of the world's biggest steelmaker, resumed full production at its Newcastle plant that was hit by. . . Full story | | All 25 economist
polled by Reuters expected the South African Reserve Bank's
Monetary Policy Committee to keep its repo rate unchanged at 5.5
percent. . . Full story | | Ghana goes to the polls
later this year for the first time since the country began
pumping oil in December 2010 with crude. . . Full story | | South Africa's National Treasury sold 140 million rand worth of its 2022 inflation linked bond on Friday, a fraction of what. . . Full story |
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| South Africa's firmed slightly against the dollar on Friday and looked set to test the psychologically important 8.00 level on the back of improved risk sentiment.. . . Full story | | Equatorial Guinea has agreed to supply Swaziland with crude oil, but the product will first need to be refined in neighbouring South Africa, the Business Report said on Friday.. . . Full story | | Gold prices eased on Friday as fears about the health of the global economy abated after successful debt sales by Spain and Italy encouraged investors to put their money in riskier. . . Full story |
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Company News | Old Mutual announced that it has cancelled 239 434 888 ordinary shares of GBP10p each previously held in treasury. Following the cancellation, the company's issued share capital is GBP556 184 574.80 made up of 5 561 845 748 ordinary GBP10p shares. . . Full story | | Shareholders were advised that the chairperson, Mrs Lulama Mokhobo, and Messrs Gilbert Phalafala and Moses Tshitangano, both non- executive directors of Miranda, have tendered their resignations with immediate effect. Andrew Johnson, the CEO, will act as chairman in the interim.. . . Full story |
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Company Results | Revenue decreased to CAD8.3 million (CAD11.1 million). Gross profit more than halved to CAD0.6 million (CAD1.9 million). The operating loss soared to CAD2.1 million (loss of CAD0.025 million). The net attributable loss more than tripled to CAD3.5 million (loss of CAD1.1 million). In addition, the loss per share was 0.22c and the headline loss per share amounted to 0.07c.
Outlook
Despite the turmoil which continues to impact global financial markets, the fundamentals for diamond price. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 32927.36 | -81.16 | -0.25% | JSE Top 40 | 17:00 | 29333.57 | -100.56 | -0.34% | JSE Gold | 17:00 | 2910.85 | -3.18 | -0.11% | JSE Financial | 17:00 | 22939.18 | 36.77 | 0.16% | JSE Industrial | 17:00 | 34630.43 | -129.49 | -0.37% | JSE Indust 25 | 17:00 | 28930.20 | -137.32 | -0.47% | JSE Resource | 17:00 | 54110.61 | -162.17 | -0.30% | DJ Futures | 19:50 | 12303.00 | -110.00 | -0.89% | DJ Ind | 19:41 | 12361.51 | -109.51 | -0.88% | SP 500 | 19:56 | 1283.34 | -12.16 | -0.94% | Nasdaq | 19:56 | 2701.51 | -23.19 | -0.85% | FTSE 100 | 18:35 | 5636.64 | -25.78 | -0.46% | DAX | 19:06 | 6143.08 | -36.13 | -0.58% | CAC40 | 19:06 | 3196.49 | -3.49 | -0.11% | Nikkei | 08:46 | 8500.02 | 114.43 | 1.36% | Shanghai | 09:26 | 2244.58 | -30.43 | -1.34% | Hang-Seng | 10:26 | 19204.42 | 109.04 | 0.57% | All Ords | 07:55 | 4255.40 | 17.00 | 0.40% | NZSE 50 | 06:46 | 3227.46 | 7.63 | 0.24% |
| | Name | Time | RP | Move | % Move | Gold | 19:59 | 1633.40 | -15.47 | -0.94% | Gold/Rand | 19:58 | 13296.53 | 35.25 | 0.27% | Gold/R kg | 19:56 | 427709 | -1652 | -0.38% | Silver | 19:59 | 29.6500 | -.5300 | -1.76% | Platinum | 19:59 | 1483.00 | -9.50 | -0.64% | Palladium | 19:59 | 631.50 | -7.60 | -1.19% | R157 | 17:06 | 6.79 | .07 | 1.04% | R204 | 17:06 | 7.78 | .06 | 0.78% | Brent Crude | 19:56 | 109.93 | -3.54 | -3.12% | Rand / Dollar | 19:59 | 8.1462 | 0.1037 | 1.29% | Rand / Pound | 19:55 | 12.4228 | 0.1012 | 0.82% | Rand / Euro | 19:55 | 10.3213 | 0.0011 | 0.01% | Rand / NZD | 19:58 | 6.4499 | 0.0614 | 0.96% | Rand / AUD | 19:55 | 8.3770 | 0.0432 | 0.52% | Yen / Dollar | 19:59 | 76.8780 | 0.0860 | 0.11% | Euro / Dollar | 19:55 | 0.7885 | 0.0085 | 1.09% | Dollar / Euro | 19:58 | 1.2678 | -0.0134 | -1.05% | Pound / Dollar | 19:55 | 0.6534 | 0.0015 | 0.23% |
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The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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13/01/2012 | 174 | 170 | 70 | 414 | 195,429,084 | R11,916,728,085 | 87447 | 2291739 | 12/01/2012 | 213 | 122 | 86 | 421 | 247,867,561 | R12,418,420,030 | 92843 | 2166765 | 11/01/2012 | 130 | 185 | 93 | 408 | 228,115,255 | R12,723,597,336 | 91831 | 2316786 | 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 |
Index Summary Index Name | RP | Move | % Move | Top 40 | 29,333.57 | -100.56 | -0.34% | Industrial | 34,630.43 | -129.49 | -0.37% | Mid Cap | 45,020.14 | 120.33 | 0.27% | Small Cap | 33,691.61 | 22.66 | 0.07% | Resource 20 | 54,110.61 | -162.17 | -0.30% | Industrial 25 | 28,930.20 | -137.32 | -0.47% | Financial 15 | 8,643.33 | 8.88 | 0.10% | Financial & Ind. 30 | 32,255.85 | -119.51 | -0.37% | All Share | 32,927.36 | -81.16 | -0.25% | Oil & Gas | 29,664.43 | -227.02 | -0.76% | Mining | 34,923.87 | -81.73 | -0.23% | Gold Mining | 2,910.85 | -3.18 | -0.11% | Platinum Mining | 61.61 | -1.12 | -1.79% | GENERAL MINING | 8,708.83 | -.97 | -0.01% | Oil & Gas Producers | 15,950.02 | -122.06 | -0.76% | Basic Materials | 29,537.50 | -73.89 | -0.25% | Chemicals | 14,168.61 | 67.45 | 0.48% | Forestry & Paper | 12,003.06 | 11.25 | 0.09% | Industrial Metals | 30,927.77 | -307.93 | -0.99% | Industrials | 29,530.22 | -17.81 | -0.06% | General Industrials | 83,303.29 | -237.74 | -0.28% | Consumer Goods | 29,728.15 | -126.63 | -0.42% | Automobiles & Parts | 4,657.99 | -29.44 | -0.63% | Household Goods | 160.50 | 1 | 0.91% | Health Care | 36,486.45 | -184.84 | -0.50% | Beverages | 98.16 | -.60 | -0.61% |
| | Index Name | RP | Move | % Move | Food Producers | 55,723.73 | 122.19 | 0.22% | Personal Goods | 428.77 | -3.59 | -0.83% | Consumer Services | 59,340.67 | -2.82 | -0.00% | General Retailers | 50,454.10 | 56.53 | 0.11% | Travel & Leisure | 3,743.81 | 30.92 | 0.83% | Media | 80.26 | .58 | 0.73% | Support Services | 2,245.25 | -11.19 | -0.50% | Telecommunications | 63,807.91 | -654.42 | -1.02% | Financials | 22,939.18 | 36.77 | 0.16% | Banks | 42,699.71 | 31.84 | 0.07% | Non-life Insurance | 34,433.71 | -242.49 | -0.70% | Life Insurance | 18,360.27 | 5.92 | 0.03% | General Financial | 2,137.34 | 12.77 | 0.60% | Technology | 26,210.35 | -1.05 | -0.00% | SHARIAH TOP40 | 3,143.15 | -14 | -0.45% | FTSE/JSE SHARIAH ALL | 3,218.09 | -12 | -0.37% | COAL MINING | 24,071.52 | 93 | 0.39% | FTSE JSE Fledgling | 4,900.82 | 10 | 0.20% | FTSE/JSE Alt X | 1,255.06 | -1 | -0.06% | SA LISTED PROPERTY | 400.83 | | 0.50% | CAPPED PROPERTY | 324.60 | | 0.41% | RESOURCE | 29,820.14 | -93 | -0.31% | DIVIDEND PLUS | 182.64 | -0 | -0.02% | FTSE/JSE RAFI 40 | 6,853.71 | -19 | -0.28% | Capped Top 40 | 15,411.77 | -54 | -0.35% | Capped All Share | 16,633.97 | -41 | -0.24% | JSE TABACO | 4,721.56 | 8 | 0.16% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | FFA | FORTRESS INCOME FUND LTD | BUY | 10 Jan | JSE | JSE LTD | BUY | 10 Jan | APN | ASPEN PHARMACARE HLDGS | HOLD | 10 Jan | TSH | TSOGO SUN HOLDINGS LIMITE... | BUY | 10 Jan | GRT | GROWTHPOINT PROPERTIES LI... | HOLD | 10 Jan |
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Results Expected** Expected | Company Name | Fin. Date | 18 Jan 2012 | FORBES | November 2011 (Q) | 19 Jan 2012 | ELLIES | October 2011 (Interim) | 19 Jan 2012 | FIURANIUM | December 2011 (Q) | 19 Jan 2012 | ROCKWELL | November 2011 (Q) | 20 Jan 2012 | FOORD | December 2011 (Final) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | AFPREFINV | 12-01-06 | 12-01-20 | 12-01-30 | R 0.2518 | REUNERT5.5 | 12-01-06 | 12-01-20 | 12-01-30 | R 0.0550 | NAMPAK 6.5 | 11-12-08 | 12-01-20 | 12-01-30 | R 0.0650 | NAMPAK 6%P | 11-12-08 | 12-01-20 | 12-01-30 | R 0.0600 | PNR FOODS | 11-11-28 | 12-01-27 | 12-02-06 | R 0.4000 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | TIGBRANDS | 11-11-23 | 12-01-06 | 12-01-16 | R 5.1000 | ASTRAL | 11-11-14 | 12-01-13 | 12-01-23 | R 5.0500 | REUNERT | 11-11-15 | 12-01-13 | 12-01-23 | R 2.5300 | OCEANA | 11-11-10 | 12-01-06 | 12-01-16 | R 1.8300 | LEWIS | 11-11-14 | 12-01-13 | 12-01-23 | R 1.7200 |
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Upcoming AGMs** Code | Company Name | Date | Status | BCA | Business Connexion Group Ltd | 13/01/2012 | Unconfirmed | BCX | Business Connexion Group Ltd | 13/01/2012 | Unconfirmed | CLS | Clicks Group Ltd | 17/01/2012 | Confirmed | POY | Poynting Holdings Ltd | 18/01/2012 | Confirmed | CCL | Compu-Clearing Outsourcing Ltd | 19/01/2012 | Confirmed |
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