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The Sharenet Daily 
Monday, 12 March 2012 - 20:00
 
Charts
News
Top News
Markets
SA Business
Company News
Company Results
World Markets (Spot Prices)
JSE Today
JSE Trading Statistics
Major Moves
Index Summary
Latest Consensus Changes / Results Expected
Recent Dividends / Ex Div
Upcoming AGMs
Stock Exchange News Service (SENS)


Charts
 
Investors take profit on SAfrica's rand, bulls likely done

JOHANNESBURG (Reuters) - The rand steadied against the dollar on Monday, with investors preferring to take small profits within a two-week trading range pending fresh direction from data due later in the week.

Trading volumes were thin and charts suggest the rand has abandoned attempts at its 2012 high and will likely retreat further.

The local unit was at 7.5685 at 1627 GMT, nearly unchanged from its New York close on Friday. The rand started the year above 8 to the dollar and has gained 6 percent since then, strengthening to 7.4020/dollar at the end of February.

"I think the (dollar) bears are exhausted and we see a potential base developing on the USD/ZAR charts," said Kamran Sheikh, a technical analyst at Informa Global Markets.

Rallies usually follow once a base has developed and been confirmed, and may mean the market has consolidated and the trend is dying out.

The rand is likely to find initial support near 7.6400, which if broken would open up last week's 7.6800 low.

Low trading volumes are expected and the currency pair may languish in a range until mid-week when retail sales numbers are released.

"We haven't seen much corporate flow today. We're still stuck in that 7.50/60 area and without some sort of direction, some in the market are just taking profit within that small range," a local currency dealer said

Worries around China's economy after the commodity-consuming nation reported its largest trade deficit in at least a decade may push the commodity-linked rand towards support.

Local trading activity is expected to pick up pace if the rand breaks through 7.68 support or 7.44 on the firmer side.

Yields on government debt reflected the lucklustre currency market with the 2015 bond unchanged from Friday's close while the 2026 issue dropped one basis point to 8.290 percent.

Data from the Johannesburg Securities Exchange showed offshore accounts had picked up 5.8 billion randin local bonds last week, but sold 1.3 billion rand in shares.

Mon, 12 Mar 2012
Top News
[IMAGE]
South African stocks edged lower on Monday, snapping three straight days of gains as worries about softer demand in commodity-consuming giant China hit resource firms such as Kumba Iron Ore.  Full story
[IMAGE]
South African petrochemicals group Sasol on Monday reported a 81 percent rise in first-half profit, boosted by higher oil and product prices and a weaker rand and said it was on track to deliver higher earnings for the full year.  Full story
Israeli war planes struck at the Gaza Strip and Palestinians fired more rockets against southern Israel on Monday in a fourth day of hostilities in which 23 Palestinians have been killed.  Full story
The massacre of 16 villagers by a U.S. soldier has triggered angry calls for an immediate American exit from Afghanistan as Washington tries to negotiate a long-term presence to keep the country from sliding into chaos again.  Full story
Dozens of civilians in Syria's flashpoint city of Homs were killed in cold blood, the government and opposition said on Monday, disputing responsibility for what both sides called a massacre during a visit from special envoy Kofi Annan.  Full story
 
Markets
European equities edged lower on Monday, with optimism on the completion of a Greek debt swap quickly giving way to concerns about borrowing. . .  Full story
European equities edged lower on Monday, with optimism on the completion of a Greek debt swap quickly giving way to concerns about the. . .  Full story
Global stocks and the dollar traded mixed on Monday, weighed down by disappointing Chinese data ahead of a Federal Reserve meeting in which policymakers. . .  Full story
Gold fell on Monday, under pressure from a softer euro and from dwindling expectations for the Federal Reserve to signal the need for. . .  Full story
The S&P 500 and Nasdaq fell on Monday as economic data in China and a Federal Reserve monetary policy statement due later this. . .  Full story
Britain's top share index was a touch lower at midday Monday, led by miners and banks, as renewed concerns on economic growth in. . .  Full story
European stocks reversed early losses and turned slightly positive on Monday, reviving a three-session rally as investors shrugged off grim Italian GDP data and. . .  Full story
European stocks slightly fell on Monday, halting a sharp three-day rally as last week's strong U.S. jobs data dampens expectation of further stimulus from. . .  Full story
SA Business
South African mobile phone operator MTN Group on Monday accused rival Turkcell of using the threat of a U.S. lawsuit to. . .  Full story
Standard Chartered said it has expanded its securities services business into South Africa, offering back office management to overseas investors looking. . .  Full story
Ranbaxy Laboratories Ltd, India's top drugmaker by sales, said its Moroccan unit has started functioning, giving it direct access to a. . .  Full story
South Africa's rand was largely flat against the dollar in early Monday trade but government bonds weakened, with investors opting for. . .  Full story
The Gulf of Guinea, a stretch of West Africa's coast spanning more than a dozen countries, is a growing source of oil, cocoa. . .  Full story
Prominent African private equity firm Kingdom Zephyr is in talks with investors on the future of its $490 million fund after the departure. . .  Full story
Global investors in search of high-dividend equity plays are heading to emerging markets, abandoning their view of these stocks as a predominantly growth-based investment.. . .  Full story
Indonesia's decision to shut the door on foreign control of its mines has gone down badly with global miners but none are yet. . .  Full story
Company News
Shareholders are advised of the following appointment to the Chemspec board with effect from 12 March 2012: * Mr. Sipho Eric Sono (CA(SA)), as independent non-executive director and chairman of the audit and risk committee.. . .  Full story
According to Business Report, Old Mutual has fired the starting gun on an ambitious African expansion strategy, encouraged by the continent's robust economic growth, as the insurer posted a 17 percent jump in earnings on Friday. Old Mutual, a financial conglomerate. . .  Full story
Company Results
Turnover for the interim period ended 31 December 2011 rose to R83.3 billion (R67.2 billion) and gross profit improved to R29.4. . .  Full story
Revenue for the interim period ended 31 December increased by 9% to R4.5 billion (2010: R4.1 billion). Gross profit jumped by. . .  Full story
Revenue increased to USD143.8 million (USD88.3 million). Gross profit soared to USD19.4 million (USD2.2 million). However, the operating loss widened to. . .  Full story
Revenue decreased to R216.3 million (R237.3 million). Gross profit decreased to R51 million (R70.5 million) and operating profit improved to R56.3. . .  Full story
World Markets (Spot Prices)
NameTimeRPMove% Move
JSE Overall17:0033901.72-24.48-0.07%
JSE Top 4017:0030067.80-32.81-0.11%
JSE Gold17:002544.392.440.10%
JSE Financial17:0024585.69-69.06-0.28%
JSE Industrial17:0037395.89135.130.36%
JSE Indust 2517:0031390.49127.360.41%
JSE Resource17:0051080.99-286.55-0.56%
DJ Futures19:2612876.0013.000.10%
DJ Ind19:4112964.7442.720.33%
SP 50019:561371.460.590.04%
Nasdaq19:562985.36-2.98-0.10%
FTSE 10018:355892.755.260.09%
DAX19:066901.3521.140.31%
CAC4019:063490.062.580.07%
Nikkei08:269889.86-39.88-0.40%
Shanghai09:262434.86-4.60-0.19%
Hang-Seng10:5621134.1848.180.23%
All Ords07:374288.20-12.30-0.29%
NZSE 5006:463452.3718.550.54%
NameTimeRPMove% Move
Gold19:591700.55-14.09-0.82%
Gold/Rand19:5612842.7482.200.64%
Gold/R kg19:5641289426430.64%
Silver19:5933.5100-.7390-2.16%
Platinum19:591690.509.000.54%
Palladium19:59697.70-6.50-0.92%
R15711:026.67.010.15%
R20417:067.53-.01-0.07%
Brent Crude19:56125.10-.70-0.56%
Rand / Dollar19:597.5520-0.0094-0.12%
Rand / Pound19:5511.7725-0.0523-0.44%
Rand / Euro19:559.92890.00700.07%
Rand / NZD11/036.19390.03500.00%
Rand / AUD19:557.9298-0.0687-0.86%
Yen / Dollar19:5982.2300-0.2630-0.32%
Euro / Dollar19:550.7600-0.0023-0.30%
Dollar / Euro19:591.31470.00360.27%
Pound / Dollar19:550.63930.00140.22%

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The JSE Today

 Trading Statistics
DateAdv.Decl.Unch.ActivesVolumeValueTradesOrders
12/03/201218313996418293,286,117R13,620,773,576830702325052
09/03/201220912089418223,412,715R10,721,735,604819132268613
08/03/201222411983426271,402,811R16,743,014,100968442348090
07/03/201218814679413226,621,928R12,621,970,487957532228472
06/03/20128726766420280,646,722R15,125,479,5961064422189355
* Includes all listed instruments on the JSE
Major Moves Up
SharenameSaleMove% MoveVolume
1 HOSP-B  48510025.97.%40307
2 ANOORAQ  399246.40.%50638
3 S-OCEAN  210105.00.%17000
4 BAUBA  210105.00.%15000
5 SENTULA  22083.77.%64117
6 LITHA  340103.03.%64560
7 WESIZWE  14042.94.%81421
8 EFFICIENT  18052.86.%8000
9 BRIMST-N  900252.86.%11172
10 AFGRI  585152.63.%4080
11 AQUARIUS  1734442.60.%9681
12 RICHEMONT  47441202.60.%9513447
13 COMAIR  15942.58.%3800
14 CMH  1045252.45.%2448
15 AMA  30772.33.%124320
16 EOH  3098682.24.%154298
17 ALTECH  53751172.23.%83561
18 JDGROUP  49831032.11.%345117
19 GRANPRADE  25052.04.%6500
20 RAINBOW  1481281.93.%1742

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Major Moves Down
SharenameSaleMove% MoveVolume
1 AMECOR  218-17-7.23.%21133
2 AFRO-C  270-18-6.25.%211609
3 IQUAD  245-15-5.77.%200
4 JUBILEE  160-8-4.76.%1023700
5 PREMIUM  1500-60-3.85.%165460
6 PALLINGHT  275-10-3.51.%155217
7 ELLIES   290-10-3.33.%61386
8 ADCORP  2719-92-3.27.%30102
9 CITYLDG  7781-259-3.22.%9238
10 GROWPNT  2021-65-3.12.%2993356
11 KUMBAIO  54300-1700-3.04.%893421
12 REXTRU-N  1600-50-3.03.%10000
13 ILIAD  485-15-3.00.%674203
14 TRNSHEX  300-9-2.91.%103618
15 ANGLOPLAT  54890-1610-2.85.%159471
16 PETMIN  325-9-2.69.%1052854
17 SAPPI  2677-73-2.65.%2186876
18 MAZOR  151-4-2.58.%550
19 AFROX  1834-46-2.45.%23179
20 OCTODEC  1600-40-2.44.%107878

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New Highs
SharenameSaleHighMove% MoveVolume
1 RICHEMONT  474447521202.60.%9513447
2 AMA  30731772.33.%124320
3 PINNACLE  14051405241.74.%118943
4 BELL  24552550351.45.%65454
5 BARWORLD  92399350890.97.%857101
6 TIGBRANDS  27000270591870.70.%385559
7 TFG  1202512079400.33.%925945
8 FAMBRANDS  48714970160.33.%6746
9 IMPERIAL  1502315236340.23.%627019
10 WBHO  1247712550270.22.%95837
11 MEDCLIN  3691419970.19.%231762
12 TRENCOR  405041600.138688
13 RMBH  320032060.763193
14 SANLAM  32153240-2-0.06.%4938832
15 MRPRICE  91759275-24-0.26.%331897
16 METAIR  22852369-10-0.44.%14971
17 SPURCORP  16801750-9-0.53.%7809

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New Lows
SharenameSaleLowMove% MoveVolume
1 BK-ONE-PR  1015799161.60.%4500

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Index Summary
Index NameRPMove% Move
Top 4030,067.80-32.81-0.11%
Industrial37,395.89135.130.36%
Mid Cap47,374.5553.600.11%
Small Cap35,496.4929.130.08%
Resource 2051,080.99-286.55-0.56%
Industrial 2531,390.49127.360.41%
Financial 159,315.65-41.83-0.45%
Financial & Ind. 3034,969.5761.870.18%
All Share33,901.72-24.48-0.07%
Oil & Gas 29,121.08-600.86-2.02%
Mining 32,864.82-85.77-0.26%
Gold Mining2,544.392.440.10%
Platinum Mining60.17-.33-0.55%
GENERAL MINING8,260.41-25.43-0.31%
Oil & Gas Producers 15,657.87-323.07-2.02%
Basic Materials 28,105.51-116.72-0.41%
Chemicals 15,237.49-1.26-0.01%
Forestry & Paper 13,957.77-293.81-2.06%
Industrial Metals 31,257.42-745.69-2.33%
Industrials 32,266.8870.190.22%
General Industrials 89,365.08116.610.13%
Consumer Goods 32,178.33412.641.30%
Automobiles & Parts 5,174.29-22.64-0.44%
Household Goods182.8531.53%
Health Care 38,973.91-51.16-0.13%
Beverages 105.77.760.72%
Index NameRPMove% Move
Food Producers 59,432.04373.200.63%
Personal Goods 473.8111.982.59%
Consumer Services 62,666.64-462.15-0.73%
General Retailers 52,908.2859.630.11%
Travel & Leisure 3,735.97-56.85-1.50%
Media 88.76-1.24-1.38%
Support Services 2,477.15-66.13-2.60%
Telecommunications 70,596.41539.550.77%
Financials 24,585.69-69.06-0.28%
Banks 46,545.90-99.70-0.21%
Non-life Insurance 40,064.35101.840.25%
Life Insurance 19,630.14-102.59-0.52%
General Financial 2,335.94-7.52-0.32%
Technology 27,725.76289.891.06%
SHARIAH TOP40 3,119.97-2-0.06%
FTSE/JSE SHARIAH ALL3,222.77-1-0.03%
COAL MINING27,486.33100.04%
FTSE JSE Fledgling 5,285.05140.27%
FTSE/JSE Alt X 1,270.94332.67%
SA LISTED PROPERTY 412.98-0.38%
CAPPED PROPERTY 334.86-0.05%
RESOURCE 28,240.15-151-0.53%
DIVIDEND PLUS196.67-0-0.10%
FTSE/JSE RAFI 407,107.00-14-0.20%
Capped Top 4015,876.27-17-0.10%
Capped All Share17,152.79-12-0.07%
JSE TABACO 4,857.78400.84%

Click here for the Sharenet Index Summary page
Latest Consensus Changes**
CodeCompany NameStatusUpdated
VPFVUNANI PROP INV FUND LTDBUY08 Mar
REBREBOSIS PROPERTY FUND LTDBUY08 Mar
CPICAPITECHOLD08 Mar
VKEVUKILE PROPERTY FUND LIMI...BUY08 Mar
FFAFORTRESS INCOME FUND LTDBUY08 Mar
Results Expected**
ExpectedCompany NameFin. Date
13 Mar 2012CLOVERDecember 2011 (Interim)
13 Mar 2012CLOVERPREFDecember 2011 (Interim)
13 Mar 2012JSEDecember 2011 (Final)
14 Mar 2012AVENGDecember 2011 (Interim)
14 Mar 2012ELBGROUPDecember 2011 (Interim)
Recent Dividends**
Share NameDec-DateLDTPay-DateAmount
OLDMUTUAL12-03-0912-04-1312-06-07R 0.0350
OLDMUTUAL12-03-0912-04-1312-06-07R 0.1800
MPACT12-03-0812-04-1912-04-30R 0.4000
STANBANK12-03-0812-03-2312-04-02R 2.8400
CERAMIC12-03-0812-03-2312-04-02R 1.1000
Ex Div**
Share NameDec-DateLDTPay-DateAmount
KUMBA12-02-0912-03-0912-03-19R 22.5000
DSY B PREF12-02-2312-03-0912-03-19R 2.8923
MASSMART12-02-2212-03-0912-03-19R 2.5200
AMPLATS12-02-1312-03-0912-03-19R 2.0000
CAPEVIN12-02-1712-03-0912-03-19R 1.9840
Upcoming AGMs**
CodeCompany NameDateStatus
Stock Exchange News Service
DateTimeHeadline
12/03/201217:49CCO - Capital & Counties Properties PLC - Director / PDMR Awards
12/03/201217:47 Bauba Platinum Limited - Trading Statement
12/03/201217:39 Redefine Properties Limited - Appointment of independent non-executive
12/03/201217:05ACL163 - Absa Bank Limited - New Financial Instrument Listing
12/03/201217:00 York - Unaudited Condensed Consolidated Interim Financial Results for the
12/03/201216:51 Basil Read - Resignation of Company Secretary
12/03/201216:46 Basil Read Holdings Limited - Cautionary announcement
12/03/201216:44GRTIVB - Investec Warrants - Adjustment to strike price announcement on
12/03/201216:42 Chemspec - Appointment of Independent Non-Executive Director
12/03/201216:35GRTIVC - Investec Warrants - Adjustment to strike price announcement on
12/03/201216:11 The Spar Group Limited - Exercise of options and sale of shares
12/03/201216:08 Exxaro - Acceptance of Conditional Awards Granted in terms of the Deferred
12/03/201216:06BIIIPL - iNguza Investments (Proprietary) Limited - Full Capital Redemption
12/03/201216:04BIFR1 - FirstRand Bank Limited - Interest Rate Reset announcement
12/03/201216:02BIIND - iNdwa Investments Limited - Full Capital Redemption
12/03/201216:00 New Corpcapital Limited - Further cautionary announcement
12/03/201216:00 Witwatersrand Consolidated Gold Resources Limited - Further Cautionary
12/03/201216:00GEN - General - Mandatory offer extended by concert parties to the remaining
12/03/201215:59BIDBS - Development Bank of Southern Africa Limited - Resignation of DBSA Chief
12/03/201215:46 Real Africa Holdings Limited - Update on the compulsory acquisition and
12/03/201215:35 Redefine Properties International Limited - Change of Name of Joint
12/03/201215:25BITOY - Toyota Financial Services (South Africa) (Proprietary) Limited - Full
12/03/201215:16 Alert Steel Holdings Limited - Renewal of cautionary announcement
12/03/201215:07BIIIPL - iNguza Investments (Proprietary) Limited - Listing of Tap Issue
12/03/201215:06BIIIPL - iNguza Investments (Proprietary) Limited - Listing of New Financial
12/03/201215:04 Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf of
12/03/201215:04 Exxaro Resources Limited - Trading of Exxaro ordinary shares on behalf
12/03/201215:00 Gold Fields Limited - Dealing in securities by a company secretary
12/03/201214:55 JD Group Limited - Results of the JD Group General Meeting
12/03/201214:50 AFGRI Limited - Dealings in securities by a director
12/03/201214:38IV03 - Investec Bank Limited - Notice of Redemption
12/03/201214:29 Massmart Holdings Limited - Notification of Director`s dealing in Massmart
12/03/201214:10GEN - Updated FTSE/JSE Africa Index Series - Quarterly Review 12 March 2012
12/03/201213:30 Premium Properties Limited - Appointment to the board of directors
12/03/201213:30 Octodec Investments Limited - Appointment to the board of directors
12/03/201213:13 Growthpoint Properties Limited - Dealing in securities by director
12/03/201213:01 Finbond Group Limited - Results of the rights offer
12/03/201212:56 Massmart Holdings Limited - Trading of Massmart ordinary shares on behalf
12/03/201212:47SFN/SFNP - Sasfin Holdings Limited - Dealing in securities by a Director
12/03/201212:46SFN/SFNP - Sasfin Holdings Limited - Dealing in securities by a director
12/03/201212:00 Awethu Breweries Limited - Withdrawal of cautionary announcement
12/03/201211:21BIIIPL - iNguza Investments (Proprietary) Limited - Full Capital Redemption
12/03/201211:11 Trencor Limited - Dealing in securities by a director
12/03/201210:41 Vividend Income Fund Limited - Resignation of a Non-Executive Director &
12/03/201210:24 Ellies Holdings Limited - Dealing in securities by a director of Ellies
12/03/201210:15SCIB - The Standard Bank of South Africa Limited - Issue of Stock Warrants
12/03/201210:11 Tawana Resources NL - Shareholder Presentation Hunting New Frontiers In
12/03/201210:10 Tawana Resources NL - Soil Anomaly Extended to 9 km at Sinoe Gold Project,
12/03/201209:43ACL162 - Absa Bank Limited - New Financial Instrument Listing
12/03/201209:00 Mediclinic International Limited - Disclosure of changes in beneficial
12/03/201209:00 Pan African Resources Plc - Further Cautionary Announcement
12/03/201209:00 Vunani Property Investment Fund Limited - Condensed unaudited
12/03/201208:55 Petmin Limited - Correction of Commercially significant maiden resource
12/03/201208:41 Coal of Africa Limited - Report for the half-year ended 31 December 2011
12/03/201208:40 Coal of Africa Limited - Report for the half-year ended
12/03/201208:37 Petmin Limited - Commercially significant maiden resource statement for
12/03/201208:31 Petmin Limited - Press Release and Results Presentation
12/03/201208:31 Petmin Limited - Condensed Consolidated Interim Financial Statements for
12/03/201207:10 British American Tobacco p.l.c - Transaction in own shares
12/03/201207:05 Kelly Group Limited - Kelly Group dismisses fronting allegations
12/03/201207:05 Gold One International Limited - Update on Work Stoppage at Modder East
12/03/201207:05 AVI Limited - Interim Results for the six months ended 31 December 2011
12/03/201207:05SOL/ SOLBE1 - Sasol Limited - Sasol Limited reviewed interim financial results
12/03/201207:05MAQ009 - Macquarie Securities South Africa (Pty) Limited - New Financial

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