Thursday, 29 March 2012 - 20:00
Charts
Rand extends bad week to trade at month low vs dollar
JOHANNESBURG (Reuters) - South Africa's rand weakened more than one percent against a robust dollar on Thursday after the central bank governor said she was expecting a slight depreciation in the local currency.
South Africa's Reserve Bank left its repo rate at 5.5 percent as expected. But Governor Gill Marcus said its monetary policy committee (MPC) needed to be more vigilant on inflation with signs that price pressures were becoming more broad-based.
The rand fell for the third straight session against the dollar on Thursday, dropping 1.4 percent to mid-February levels of 7.7801. It closed at 7.6760 on Wednesday.
Marcus told journalists there were numerous factors affecting the rand which created a "fairly volatile" environment.
"The one uncertain factor is what will happen to the exchange rate. So, the assumption at this point at time is ... for a slightly depreciated (figure), but it depends on what occurs," she said.
"We really do need a resolution of Europe before we can get more stability in the outlook," she added.
Europe is a major trading parter and absorbs about a quarter of South Africa's exports, making the rand susceptible to Europe's debt crisis.
The rand was hit by a S&P ratings agency outlook downgrade in the previous session and dealers are expecting a soft ending to the week for the rand, especially with current dollar strength.
The local currency may find some support in the 7.78/81 region, while resistance was at the day's high of 7.66, technical analysts said.
Government bonds were slightly firmer but were hardly moved by the rates decision and what analysts saw as mostly a neutral monetary policy speech from the central bank governor.
The yield on the 2015 benchmark bond dropped 2.5 basis points to 6.795 percent while that on the 2026 issue nudged one basis point lower to 8.47 percent.
"Given that bond yields had drifted higher into the MPC, we therefore would argue for a modest rally in the coming days, and the R157 may drift down to 6.70 percent. That said, we see very little impact from this MPC decision and statement on the market," said Leon Myburgh, sub-Saharan Africa Strategist at Citi.
Thu, 29 Mar 2012
Top News
Turkish mobile operator Turkcell on Thursday filed a suit against rival MTN Group of South Africa over the award of a 2004 cellular licence in Iran, a case that could cost MTN $4.2 billion in damages. Full story
South Africa's Reserve Bank left its repo rate unchanged on Thursday, saying the risks to the inflation outlook were evenly balanced and reaffirming its commitment to supporting the still-fragile economy. Full story |
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France's Total sent fire-fighting ships close to the scene of a gas leak from its North Sea Elgin platform on Thursday as a large gas cloud led to fears of an explosion. Full storyPresident Bashar al-Assad said on Thursday Syria would spare no effort to ensure the success of international envoy Kofi Annan's peace mission but warned it would not work without securing an end to foreign funding and arming of rebels opposing him. Full storySpanish workers staged a general strike on Thursday to protest against labour reforms which the government declared "unstoppable" but many ignored the action, fearing for their jobs in a country with the EU's highest unemployment rate. Full story |
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Markets | U.S. stocks fell on Thursday,
on track for a third day of losses after jobless claims data
missed heightened expectations as stocks wrap. . . Full story | | European shares extended their
recent slide to hit a three-week closing low, with several
indexes breaching chart support levels as traders took further
profits. . . Full story | | A higher-than-expected number
of Americans filing for U.S. jobless claims dampened investor
sentiment on Thursday, keeping global stocks lower and raising
the appeal of. . . Full story | | Heightened worries over global
economic growth after more disappointing data from the United
States and UK dragged Britain's leading shares lower on
Thursday, with. . . Full story |
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| U.S. stocks extended losses
on Thursday, with the Nasdaq falling 1 percent after jobless
claims data failed to meet heightened market expectations.. . . Full story | | Gold prices slid more than 1
percent on Thursday as a break higher in the dollar and a drop
in oil prices pushed. . . Full story | | U.S. stocks opened lower on
Thursday, putting the S&P 500 on track for its third straight
decline as jobless claims data failed to. . . Full story | | Britain's top share index
dropped back on Thursday led by weaker oil and bank stocks as
worries over global economic growth weighed on. . . Full story |
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SA Business | South African stocks fell on Thursday, led by miners on faltering commodity prices, while a downbeat tone in global markets added. . . Full story | | South Africa's rand weakened to nearly one percent against the dollar on Thursday after the central bank decided to keep its. . . Full story | | Nigeria sold 100 billion naira worth of debt at its regular bond auction on Wednesday, the third this year, with yields. . . Full story | | The Zimbabwe unit of South Africa's Standard Bank Group has reported a 44 percent rise in profit for the year to. . . Full story |
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| Anglo American will start constructing a coal mine at New Largo next year to supply a new power plant being built. . . Full story | | The cross-listing of major emerging market equity indexes is set to be unveiled with great fanfare on Friday, but in reality. . . Full story | | A collapse in gold
producers lofty valuations has sparked soul searching about an
exodus of restive shareholders, forcing them to tighten
operations and boost. . . Full story | | A plan to form a joint development bank by the BRICS group of the world's most powerful emerging economies will have. . . Full story |
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| Shares in Nigeria's Stanbic IBTC Bank, a unit of South Africa's Standard Bank, fell 4.9 percent on Thursday, after the lender posted a 16.89 percent drop in pre-tax profit to 11.24. . . Full story | | Leaders of the BRICS group of emerging
market nations pressed Western powers to cede more voting rights
at the IMF this year and flayed the rich world's reflationary
monetary policies for putting global economic. . . Full story | | South Africa's Industrial Development Corporation (IDC), a state investment agency, said on Thursday it would invest $420 million in a new platinum venture involving Pallinghurst Resources and Bakgatla tribe.. . . Full story |
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Company News | Trading for the second half of the financial year ended 29 February 2012 was partly subdued. Earnings were impacted by reduced. . . Full story | | Shareholders are hereby informed of the change in status of Mr. Johan Jacobus Senekal's appointment from independent non-executive director of the. . . Full story | | Shareholders were advised of the following with respect to the upcoming special meeting of security holders for Fiuranium:
* Record date. . . Full story | | Wesizwe announced another significant step towards the development of its Bakubung Platinum Mine with the awarding of the shaft sinking contract. . . Full story |
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| Old Mutual published its annual financial report for 2011. A copy of the annual financial report, the annual review and summary financial statements for 2011, the notice of the 2012 annual. . . Full story | | Business Day reported that Fitch affirmed MMI's long-term debt rating as A+ with stable outcome. Fitch also affirmed MMI subsidiaries Momentum and Metropolitan Life's insurer financial strength rating as AA with. . . Full story | | Shareholders of Barloworld are advised that management of the company, will be attending the Merrill Lynch conference at Sun City. The presentation that will be made at the conference contains no. . . Full story |
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Company Results | Interest income surged to R4.3 billion (R2.8 billion). Operating profit before tax jumped to R1.6 billion (R940.3 million). Net profit after. . . Full story | | Revenue declined slightly to R16.3 million (R16.6 million) and profit from operations increased to R6.3 million (R5.2 million). However, net attributable. . . Full story | | Revenue increased by 5.83% to R232 million (R219.2 million). Gross profit rose by 4.68% to R44.9 million (R42.9 million) and profit. . . Full story | | Revenue increased to R46.2 million (R59.6 million). Total income soared to R8.8 million (loss of R6 million). EBITDA rose to R10.5. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 33483.26 | -138.67 | -0.41% | JSE Top 40 | 17:00 | 29566.90 | -148.24 | -0.50% | JSE Gold | 17:00 | 2393.91 | -17.21 | -0.71% | JSE Financial | 17:00 | 24664.56 | -133.83 | -0.54% | JSE Industrial | 17:00 | 37555.21 | -67.04 | -0.18% | JSE Indust 25 | 17:00 | 31481.98 | -71.60 | -0.23% | JSE Resource | 17:00 | 48824.62 | -337.45 | -0.69% | DJ Futures | 19:42 | 13000.00 | -54.00 | -0.41% | DJ Ind | 19:41 | 13064.38 | -61.83 | -0.47% | SP 500 | 19:56 | 1394.14 | -11.40 | -0.81% | Nasdaq | 19:56 | 3075.10 | -29.86 | -0.96% | FTSE 100 | 17:35 | 5742.03 | -66.96 | -1.15% | DAX | 18:06 | 6875.15 | -123.65 | -1.77% | CAC40 | 18:06 | 3381.12 | -49.03 | -1.43% | Nikkei | 08:26 | 10114.79 | -67.78 | -0.67% | Shanghai | 09:26 | 2252.16 | -32.72 | -1.43% | Hang-Seng | 10:26 | 20609.39 | -276.03 | -1.32% | All Ords | 07:38 | 4422.00 | -9.50 | -0.21% | NZSE 50 | 06:46 | 3495.44 | 8.93 | 0.26% |
| | Name | Time | RP | Move | % Move | Gold | 19:58 | 1654.27 | -8.04 | -0.48% | Gold/Rand | 19:58 | 12809.98 | 73.37 | 0.58% | Gold/R kg | 19:56 | 412443 | -908 | -0.22% | Silver | 19:59 | 31.9870 | -.0630 | -0.20% | Platinum | 19:59 | 1622.00 | -12.00 | -0.73% | Palladium | 19:58 | 641.11 | -2.69 | -0.42% | R157 | 17:06 | 6.79 | -.03 | -0.37% | R204 | 17:06 | 7.67 | -.02 | -0.26% | Brent Crude | 19:56 | 122.67 | -1.90 | -1.53% | Rand / Dollar | 19:59 | 7.7449 | 0.0824 | 1.08% | Rand / Pound | 19:55 | 12.3047 | 0.1521 | 1.25% | Rand / Euro | 19:55 | 10.2861 | 0.0754 | 0.74% | Rand / NZD | 19:58 | 6.3042 | 0.0384 | 0.61% | Rand / AUD | 19:55 | 8.0148 | 0.0433 | 0.54% | Yen / Dollar | 19:59 | 82.3350 | -0.5540 | -0.67% | Euro / Dollar | 19:55 | 0.7528 | 0.0020 | 0.27% | Dollar / Euro | 19:59 | 1.3277 | -0.0041 | -0.31% | Pound / Dollar | 19:55 | 0.6277 | -0.0014 | -0.22% |
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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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29/03/2012 | 139 | 198 | 71 | 408 | 287,746,881 | R20,350,726,836 | 100494 | 2428291 | 28/03/2012 | 124 | 213 | 69 | 406 | 217,730,739 | R11,911,859,284 | 81884 | 2750933 | 27/03/2012 | 228 | 105 | 78 | 411 | 223,747,030 | R11,802,262,893 | 95391 | 2217780 | 26/03/2012 | 194 | 160 | 76 | 430 | 218,597,092 | R12,294,681,589 | 93389 | 2576901 | 23/03/2012 | 153 | 170 | 88 | 411 | 254,168,259 | R14,659,274,057 | 98272 | 2336760 |
* Includes all listed instruments on the JSE
Index Summary Index Name | RP | Move | % Move | Top 40 | 29,566.90 | -148.24 | -0.50% | Industrial | 37,555.21 | -67.04 | -0.18% | Mid Cap | 47,759.67 | -11.92 | -0.02% | Small Cap | 35,935.71 | 53.17 | 0.15% | Resource 20 | 48,824.62 | -337.45 | -0.69% | Industrial 25 | 31,481.98 | -71.60 | -0.23% | Financial 15 | 9,336.64 | -54.89 | -0.58% | Financial & Ind. 30 | 35,027.69 | -130.85 | -0.37% | All Share | 33,483.26 | -138.67 | -0.41% | Oil & Gas | 27,935.26 | -64.33 | -0.23% | Mining | 31,390.55 | -234.89 | -0.74% | Gold Mining | 2,393.91 | -17.21 | -0.71% | Platinum Mining | 59.17 | -1.22 | -2.02% | GENERAL MINING | 7,874.38 | -39.79 | -0.50% | Oil & Gas Producers | 15,020.28 | -34.58 | -0.23% | Basic Materials | 26,896.80 | -191.30 | -0.71% | Chemicals | 15,391.55 | 65.58 | 0.43% | Forestry & Paper | 14,117.32 | 16.21 | 0.11% | Industrial Metals | 29,367.67 | -281.45 | -0.95% | Industrials | 33,119.17 | 87.33 | 0.26% | General Industrials | 91,376.79 | 162.09 | 0.18% | Consumer Goods | 32,265.27 | -53.42 | -0.17% | Automobiles & Parts | 5,378.09 | -56.61 | -1.04% | Household Goods | 181.40 | -1 | -0.36% | Health Care | 40,421.46 | 240.49 | 0.60% | Beverages | 105.93 | -.24 | -0.23% |
| | Index Name | RP | Move | % Move | Food Producers | 59,066.37 | 102.36 | 0.17% | Personal Goods | 473.71 | -2.70 | -0.57% | Consumer Services | 63,834.29 | -7.63 | -0.01% | General Retailers | 53,612.93 | 105.47 | 0.20% | Travel & Leisure | 3,761.97 | 7.19 | 0.19% | Media | 92.64 | -.03 | -0.03% | Support Services | 2,422.35 | -15.28 | -0.63% | Telecommunications | 68,466.86 | -714.03 | -1.03% | Financials | 24,664.56 | -133.83 | -0.54% | Banks | 46,643.07 | -374.65 | -0.80% | Non-life Insurance | 40,952.93 | 17.86 | 0.04% | Life Insurance | 19,794.79 | -56.56 | -0.28% | General Financial | 2,326.29 | -10.92 | -0.47% | Technology | 28,027.64 | -153.88 | -0.55% | SHARIAH TOP40 | 3,017.34 | -20 | -0.67% | FTSE/JSE SHARIAH ALL | 3,133.08 | -18 | -0.56% | COAL MINING | 26,541.95 | -207 | -0.77% | FTSE JSE Fledgling | 5,323.67 | -1 | -0.02% | FTSE/JSE Alt X | 1,242.55 | 10 | 0.81% | SA LISTED PROPERTY | 409.67 | | -0.52% | CAPPED PROPERTY | 332.44 | | -0.45% | RESOURCE | 26,990.57 | -181 | -0.66% | DIVIDEND PLUS | 196.78 | 0 | 0.02% | FTSE/JSE RAFI 40 | 7,004.95 | -36 | -0.51% | Capped Top 40 | 15,619.41 | -82 | -0.52% | Capped All Share | 16,940.07 | -71 | -0.42% | JSE TABACO | 5,015.59 | 58 | 1.16% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | MTN | MTN GROUP LIMITED | BUY | 26 Mar | RLO | REUNERT LIMITED | SELL | 26 Mar | SAB | SABMILLER PLC | HOLD | 23 Mar | APN | ASPEN PHARMACARE HLDGS | HOLD | 23 Mar | AEG | AVENG LIMITED | BUY | 23 Mar |
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Results Expected** Expected | Company Name | Fin. Date | 30 Mar 2012 | 1TIME | December 2011 (Final) | 30 Mar 2012 | ALERT | December 2011 (Interim) | 30 Mar 2012 | AND | December 2011 (Final) | 30 Mar 2012 | AND-P | December 2011 (Final) | 30 Mar 2012 | ARROWA | September 2011 (Final) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | VALUE | 12-03-29 | 12-06-22 | 12-07-02 | R 0.1400 | ILIAD | 12-03-27 | 12-04-13 | 12-04-23 | R 0.2000 | DELTA | 12-03-27 | 12-04-13 | 12-04-23 | R 0.2500 | PUTPROP | 12-03-23 | 12-04-13 | 12-04-23 | R 0.1500 | METAIR | 12-03-23 | 12-04-13 | 12-04-23 | R 0.7200 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | MWNT | 12-03-26 | 12-03-23 | 12-04-02 | R 55.0000 | ABSABANK-P | 12-02-10 | 12-03-23 | 12-04-02 | R 28.2720 | EXXARO | 12-02-23 | 12-03-23 | 12-04-02 | R 5.0000 | MTN GROUP | 12-03-07 | 12-03-23 | 12-04-02 | R 4.7600 | ABSA | 12-02-10 | 12-03-23 | 12-04-02 | R 3.9200 |
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Upcoming AGMs** Code | Company Name | Date | Status | RAC | RACEC Group Ltd. | 29/03/2012 | Confirmed | SLL | Stella Vista Technologies Ltd. | 30/03/2012 | Confirmed | AMS | Anglo American Platinum Ltd. | 30/03/2012 | Confirmed | AMSP | Anglo American Platinum Ltd. | 30/03/2012 | Confirmed | DIB | Dipula Income Fund Ltd. | 02/04/2012 | Confirmed |
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