Wednesday, 29 February 2012 - 20:00
Charts
S.Africa's rand at 5-month high on yield pick up
By Xola Potelwa
JOHANNESBURG (Reuters) - The rand firmed nearly one percent on the dollar on Wednesday as risky assets gained from a cash injection from the European Central Bank, leading the local currency to shrug off a gaping trade deficit number reported during the session.
The ECB's three-year liquidity injection boosted the risk-prone local unit as the money was expected to find a home in emerging market assets such as the rand through carry trades, where investors use lower-yielding currencies to buy riskier and higher yielding assets.
The rand gained 0.6 percent on the euro and 0.9 percent on the dollar during the session.
South Africa's trade account showed a gaping 13.5 billion rand hole in January, nearly 10 billion rand wider than market expectations and the biggest trade deficit since January 2009.
However the rand was hardly moved by the weak data.
"The trade data had limited impact on the rand, the long term refinancing operation has provided nice cushions and dollar/rand remains at fresh year-to-date lows," said Gabor Ambrus, emerging market analyst at 4Cast.
The rand broke through 7.52/50 resistance late in the previous session, which opened an easy path to the lower 7.40's. It traded at a five-month high of 7.4020 in Wednesday's session.
"All emerging market currencies firmed, the take-up was a little more than expected and even though (the LTRO) was expected, that's a lot of new money looking for carry," Ambrus added.
Government bonds firmed slightly on the risk supportive sentiment. The yield on the 2015 note gave up 2.5 basis points to 6.61 percent while that on the 2026 issue dropped 3.5 basis points to 8.23 percent.
Wed, 29 Feb 2012
Top News
Growing global bullishness may erode South African stocks' perceived safe haven status, which helped them outperform many emerging markets last year despite infrastructure bottlenecks, political risk and rand volatility. Full story
Group revenue from continuing operations grew from R395.2 million to R455.3 million. Operating profit rose to R148.7 million (R135.1 million), while net attributable profit was up at R560.7 million (R132.1 million). The total interim earnings per share (EPS) were higher than the comparable p Full story |
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Heavy fighting raged near Baba Amro in Homs on Wednesday after elite Syrian troops attacked the rebel-held bastion that has endured 25 days of siege and fierce bombardment, activists said. Full storyIranian firm AHT exports millions of dollars worth of nuts and dried fruit from Iran each month but Western financial sanctions mean it gets little money in return. Instead it is paid with other goods, such as cardboard boxes and metal cans from China. Full storyOne by one, young Russians take the microphone in a smoky Moscow bar, struggling to be heard over jazz music, to swap ideas for keeping alive a nascent protest movement against Vladimir Putin. Full story |
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Markets | U.S. stocks reversed early
gains on Wednesday, prompting questions on whether the market's
slow and steady rally of the past few months was. . . Full story | | Gold fell 3 percent on
Wednesday for its biggest one-day drop in 2-1/2 months, as a
dollar rally following U.S. Federal Reserve Chairman. . . Full story | | U.S. stocks fell on
Wednesday as traders cashed in after indexes hit multi-year
highs on stronger-than-expected economic data.. . . Full story | | European shares edged lower
on Wednesday, after rising on the ECB's cheap funds offering,
with U.S. Federal Reserve Chairman Ben Bernanke's testimony
suggesting the. . . Full story |
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| European equities pared
gains in late trade on Wednesday, tracking losses in the U.S.
market that turned negative on weaker energy shares after. . . Full story | | U.S. stocks were slightly
higher on Wednesday and the Nasdaq briefly hit the 3,000 level
for the first time since December 2000 as. . . Full story | | U.S. stocks rose slightly
at the open on Wednesday after stronger-than-forecast
U.S. growth data and European banks borrowed more than a half
trillion euros. . . Full story | | European shares were higher
on Wednesday after the ECB provided 530 billion euros ($711
billion) of cheap funding for banks, reinforcing investors'
optimism that. . . Full story |
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SA Business | South Africa's trade account recorded a 13.5 billion rand deficit in January compared with a surplus of 4.7 billion rand in. . . Full story | | A Zimbabwean minister launched a verbal attack on Impala Platinum Chief Executive David Brown, saying on Wednesday he was "sick and. . . Full story | | South Africa's rand was a touch firmer against the dollar in early Wednesday trade, ticking up slightly after credit data added. . . Full story | | Growth in credit demand by South Africa's private sector quickened to 7.33 percent year-on-year in January compared with a downwardly revised. . . Full story |
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| ArcelorMittal South Africa, a unit of the world's top steelmaker, said on Wednesday it would cut prices for some of its. . . Full story | | Growing global bullishness
may erode South African stocks' perceived safe haven status,
which helped them outperform many emerging markets last year
despite infrastructure bottlenecks,. . . Full story | | Nedbank, South Africa's fourth-largest lender, posted a 25 percent rise in full-year earnings following a big jump in fees, the latest. . . Full story | | Gold edged higher on Wednesday, after rallying 1 percent in the previous session, supported by expectations for more cheap loans to. . . Full story |
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| A number of Supreme
Court justices expressed skepticism on Tuesday that corporations
can be sued in the United States for alleged complicity in human
rights abuses abroad, a case with important financial, legal and
international implications.. . . Full story |
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Company News | It is hereby announced that non-executive director, Mr MJN Njeke has resigned from the Barloworld board with effect from 29 February. . . Full story | | Shareholders are advised that Afdawn has entered into a sale agreement with Gambassi Tiles (Pty) Ltd.("Gambassi")("the purchaser") to dispose of the. . . Full story | | Shareholders are referred to the results of general meeting announcement released on SENS on 8 February 2012 and the revision of. . . Full story | | Evraz and Umnotho weSizwe ("the parties") announced a 26% Black Economic Empowerment ("BEE") transaction in relation to the Mapochs Mine ("BEE. . . Full story |
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| Shareholders of Mvela Group are advised that the company has disposed of its remaining interest in Mvelaserve, consisting of 8 960. . . Full story | | Shareholders are advised that all the ordinary resolutions and special resolutions proposed at the Annual General Meeting of Top Fix held. . . Full story | | Shareholders are advised that the Annual Financial Statements of the company for the year ended 31 August 2011 will be posted. . . Full story | | Shareholders are referred to the release on SENS of Miranda's reviewed, abridged, provisional financial results for the year ended 31 August. . . Full story |
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Company Results | Revenue increased by 10.8% to R1.3 billion (R1.1 billion) but gross profit fell by 5.5% to R224.7 million (R237.8 million). Operating. . . Full story | | Net interest income rose marginally by 1% to R13.4 billion (R13.3 billion) but profit for the period attributable to ordinary shareholders. . . Full story | | Revenue grew significantly to R3 billion (R2.1 billion), while gross profit grew to R566.2 million (R498.7 million). Profit for the year. . . Full story | | Revenue increased to R38.8 million (R33.7 million). Gross profit rose to R25 million (R19.2 million) and an operating profit of R2.8. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 34296.00 | 81.47 | 0.24% | JSE Top 40 | 17:00 | 30546.69 | 62.35 | 0.20% | JSE Gold | 17:00 | 2757.57 | -11.87 | -0.43% | JSE Financial | 17:00 | 24526.39 | -33.92 | -0.14% | JSE Industrial | 17:00 | 36889.80 | 184.97 | 0.50% | JSE Indust 25 | 17:00 | 30953.15 | 165.13 | 0.54% | JSE Resource | 17:00 | 53857.89 | 61.75 | 0.11% | DJ Futures | 19:50 | 12982.00 | -15.00 | -0.12% | DJ Ind | 19:45 | 12991.61 | -13.51 | -0.10% | SP 500 | 20:00 | 1369.99 | -2.19 | -0.16% | Nasdaq | 20:00 | 2981.52 | -5.24 | -0.18% | FTSE 100 | 18:35 | 5871.51 | -56.40 | -0.95% | DAX | 19:06 | 6856.08 | -31.55 | -0.46% | CAC40 | 19:06 | 3452.45 | -1.54 | -0.04% | Nikkei | 08:26 | 9723.24 | .72 | 0.01% | Shanghai | 09:26 | 2428.49 | -23.37 | -0.95% | Hang-Seng | 10:26 | 21680.08 | 111.35 | 0.52% | All Ords | 07:44 | 4388.10 | 36.90 | 0.85% | NZSE 50 | 06:46 | 3322.53 | 12.73 | 0.38% |
| | Name | Time | RP | Move | % Move | Gold | 19:57 | 1721.12 | -63.22 | -3.54% | Gold/Rand | 20:00 | 12827.68 | -516.54 | -3.87% | Gold/R kg | 20:00 | 412410 | -19273 | -4.46% | Silver | 19:58 | 34.9920 | -1.9560 | -5.29% | Platinum | 19:58 | 1690.00 | -28.00 | -1.63% | Palladium | 19:58 | 705.80 | -8.40 | -1.18% | R157 | 09:06 | 6.60 | -.03 | -0.45% | R204 | 17:06 | 7.48 | -.02 | -0.27% | Brent Crude | 19:56 | 122.23 | -1.53 | -1.24% | Rand / Dollar | 19:58 | 7.4531 | -0.0268 | -0.36% | Rand / Pound | 19:55 | 11.8517 | -0.0144 | -0.12% | Rand / Euro | 19:55 | 9.9546 | -0.1166 | -1.16% | Rand / NZD | 19:57 | 6.2485 | -0.0208 | -0.33% | Rand / AUD | 19:55 | 8.0365 | -0.0275 | -0.34% | Yen / Dollar | 19:58 | 81.0090 | 0.5240 | 0.65% | Euro / Dollar | 19:55 | 0.7485 | 0.0060 | 0.81% | Dollar / Euro | 19:58 | 1.3357 | -0.0105 | -0.78% | Pound / Dollar | 19:55 | 0.6270 | -0.0017 | -0.27% |
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Click here for the Sharenet Spot Price page
The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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29/02/2012 | 184 | 168 | 86 | 438 | 354,539,089 | R17,174,701,962 | 117157 | 2328994 | 28/02/2012 | 223 | 120 | 83 | 426 | 254,843,756 | R11,337,286,782 | 94726 | 2306259 | 27/02/2012 | 116 | 227 | 90 | 433 | 290,949,224 | R9,617,354,453 | 81534 | 2108720 | 24/02/2012 | 175 | 158 | 86 | 419 | 283,345,148 | R14,343,158,399 | 103811 | 2091555 | 23/02/2012 | 165 | 168 | 86 | 419 | 461,389,422 | R14,075,753,347 | 100485 | 2107216 |
* Includes all listed instruments on the JSE
Index Summary Index Name | RP | Move | % Move | Top 40 | 30,546.69 | 62.35 | 0.20% | Industrial | 36,889.80 | 184.97 | 0.50% | Mid Cap | 46,937.34 | 214.35 | 0.46% | Small Cap | 35,134.05 | 41.05 | 0.12% | Resource 20 | 53,857.89 | 61.75 | 0.11% | Industrial 25 | 30,953.15 | 165.13 | 0.54% | Financial 15 | 9,322.96 | -13.02 | -0.14% | Financial & Ind. 30 | 34,631.51 | 94.09 | 0.27% | All Share | 34,296.00 | 81.47 | 0.24% | Oil & Gas | 30,258.47 | -121.08 | -0.40% | Mining | 34,742.58 | 72.48 | 0.21% | Gold Mining | 2,757.57 | -11.87 | -0.43% | Platinum Mining | 63.72 | .77 | 1.22% | GENERAL MINING | 8,681.89 | 14.86 | 0.17% | Oil & Gas Producers | 16,269.42 | -65.10 | -0.40% | Basic Materials | 29,614.54 | 70.32 | 0.24% | Chemicals | 15,324.49 | 39.30 | 0.26% | Forestry & Paper | 13,804.74 | -48.64 | -0.35% | Industrial Metals | 32,665.04 | 388.37 | 1.20% | Industrials | 32,204.78 | 305.87 | 0.96% | General Industrials | 89,745.59 | 700.45 | 0.79% | Consumer Goods | 31,554.21 | 14.30 | 0.05% | Automobiles & Parts | 4,945.58 | -2.26 | -0.05% | Household Goods | 176.47 | -1 | -0.56% | Health Care | 38,102.40 | 59.73 | 0.16% | Beverages | 104.29 | -.15 | -0.14% |
| | Index Name | RP | Move | % Move | Food Producers | 57,938.51 | 725.73 | 1.27% | Personal Goods | 460.93 | .50 | 0.11% | Consumer Services | 62,984.13 | 634.88 | 1.02% | General Retailers | 52,486.09 | 741.48 | 1.43% | Travel & Leisure | 3,660.74 | -20.71 | -0.56% | Media | 91.47 | 1.51 | 1.68% | Support Services | 2,495.11 | 52.26 | 2.14% | Telecommunications | 67,288.09 | 412.65 | 0.62% | Financials | 24,526.39 | -33.92 | -0.14% | Banks | 46,458.33 | 21.69 | 0.05% | Non-life Insurance | 40,714.23 | 1188.21 | 3.01% | Life Insurance | 19,582.52 | -102.26 | -0.52% | General Financial | 2,354.95 | 4.14 | 0.18% | Technology | 27,437.83 | 179.83 | 0.66% | SHARIAH TOP40 | 3,207.60 | 7 | 0.23% | FTSE/JSE SHARIAH ALL | 3,296.82 | 9 | 0.29% | COAL MINING | 28,189.55 | 342 | 1.23% | FTSE JSE Fledgling | 5,235.11 | 32 | 0.62% | FTSE/JSE Alt X | 1,363.71 | 4 | 0.30% | SA LISTED PROPERTY | 408.43 | | -0.42% | CAPPED PROPERTY | 330.22 | | -0.51% | RESOURCE | 29,775.88 | 35 | 0.12% | DIVIDEND PLUS | 196.61 | 0 | 0.19% | FTSE/JSE RAFI 40 | 7,180.70 | 13 | 0.19% | Capped Top 40 | 16,101.08 | 34 | 0.21% | Capped All Share | 17,343.73 | 42 | 0.24% | JSE TABACO | 4,830.43 | -13 | -0.26% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | NED | NEDBANK GROUP LTD | HOLD | 27 Feb | SBK | STANDARD BANK GROUP LIMIT... | SELL | 27 Feb | AIP | ADCOCK INGRAM HLGS LD | HOLD | 27 Feb | IPF | INVESTEC PROPERTY FUND LT... | HOLD | 27 Feb | LHC | LIFE HEALTHCARE GRP HLDG ... | HOLD | 27 Feb |
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Results Expected** Expected | Company Name | Fin. Date | 01 Mar 2012 | METOREX | December 2011 (Final) | 01 Mar 2012 | METOREXNPL | December 2011 (Final) | 01 Mar 2012 | SHFINV-PREF | December 2011 (Interim) | 01 Mar 2012 | SPURCORP | December 2011 (Interim) | 01 Mar 2012 | STEINHOFF | December 2011 (Interim) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | AFGRI | 12-02-29 | 12-03-15 | 12-03-26 | R 0.1845 | HYPROP | 12-02-29 | 12-03-15 | 12-03-26 | R 1.3700 | RMBH | 12-02-29 | 12-03-15 | 12-03-26 | R 0.5200 | CAPCO | 12-02-29 | 12-05-11 | 12-06-21 | R 0.0100 | NEDBANK-P | 12-02-29 | 12-03-15 | 12-03-26 | R 0.3403 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | PALAMIN | 12-02-06 | 12-02-24 | 12-03-05 | R 2.0700 | ZURICH SA | 12-02-06 | 12-02-24 | 12-03-05 | R 2.0000 | RESILIENT | 12-02-08 | 12-02-24 | 12-03-05 | R 1.2135 | BHPBILL | 12-02-08 | 12-02-24 | 12-03-22 | R 0.5500 | NEPI | 12-02-08 | 12-02-24 | 12-03-05 | R 0.1048 |
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Upcoming AGMs** Code | Company Name | Date | Status | JDH | John Daniel Holdings Ltd. | 02/03/2012 | Confirmed | EOH | EOH Holdings Ltd | 06/03/2012 | Confirmed |
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