Friday, 04 May 2012 - 20:00
Charts
S.Africa rand falls vs dollar, dealers cover shorts
JOHANNESBURG (Reuters) - The rand lost more than 1 percent on Friday as investors covered short dollar positions on rising risk aversion and South African government bonds fell as an undersubscribed inflation-linked bond sale weighed on the market.
The rand hit the week's low in late trade, with dealers saying traders who had been short were buying back the dollar after a disappointing U.S. jobs report and data pointing to a deeper euro zone recession depressed demand for riskier emerging market assets.
Rand buying this week had driven the currency to one-month highs.
By 1503 GMT, the rand was at 7.8161, down 1.04 percent against the dollar.
"There was quite a lot of rand buying this week and as such the market is short covering, especially since it started to break up toward 7.80," said Brigid Taylor, a trader at Nedbank.
A weekly auction of inflation-linked bonds was well undersubscribed earlier in the session, surprising the market and the first time since January that the Treasury had failed to sell its planned amount of paper.
Only 390 million rand was taken up by investors, out of 800 million rand on offer.
Dealers said it was probably due to a lack of local players in the market because of public holidays in the last two weeks. A fixed-income auction on Wednesday had attracted foreign buyers but they do not feature heavily in the inflation-linked sales.
Yields on the fixed-income benchmarks rose, by 3 basis points to 6.375 percent on the three-year note and 8.095 percent on the 14-year issue.
"It's a consolidation, as well as the inflation-linked bond sale not being allotted in full this morning, that caused a little bit of nervousness in the vanilla bonds," said Marten Banninga of WWC Securities in Johannesburg, adding that the rand's weakness was also encouraging markets to consolidate.
Analysts are now looking to the next inflation-linked debt sale on Wednesday to confirm that the failed auction was merely unfortunate timing by the Treasury. Power-utility Eskom has offered 250 million rand in a 2028 inflation-linked bond.
"If that goes through at fairly decent levels then you'll see that there is still demand for linkers on the market," another trader said.
Fri, 04 May 2012
Top News
South African stocks dropped nearly 1 percent on Friday as miners such as Assore were hammered after worse-than-expected U.S. jobs data sparked concern about the health of the world's largest economy. Full story
MTN Group, Africa's largest mobile operator, reported on Friday a 4 percent rise in subscribers for the first quarter, helped by increases in its key markets of South Africa, Nigeria and Iran. Full story |
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Global stocks swooned and crude
oil tumbled on Friday after a weak U.S. jobs report and economic
data that pointed to a deeper recession across the euro zone
than previously thought. Full storyChina said on Friday blind dissident Chen Guangcheng could apply to study abroad, a move praised by U.S. Secretary of State Hillary Clinton and suggesting an end may be near to a diplomatic crisis between Beijing and Washington. Full storyPresident Nicolas Sarkozy's chances of clinging to power were fading two days before France's election runoff after far-right and centrist leaders deserted him, despite polls putting Socialist Francois Hollande's lead at its narrowest so far. Full story |
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Markets | U.S. stocks fell more than 1
percent on Friday after a disappointing jobs report underlined
concerns the economic recovery may be slowing.. . . Full story | | European shares fell sharply on
Friday and looked poised for further hurdles after
worse-than-expected jobs data from the United States dealt a
fresh blow. . . Full story | | Britain's benchmark stock market
suffered its worst daily fall in two weeks on Friday after
mining shares dropped on the back of weak. . . Full story | | The prospect of political risks
joining economic and debt problems on the euro zone's list of
worries, just as the outlook for global. . . Full story |
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| Gold prices edged back into
positive territory on Friday after a report showed the U.S.
economy added fewer jobs than expected last month,. . . Full story | | U.S. stocks opened lower on
Friday after the April payroll report came in well below
expectations.. . . Full story | | Britain's blue-chip shares fell by
nearly 1 percent on Friday as lingering fears over the global
economy knocked back heavyweight mining stocks.. . . Full story | | Britain's top shares fell on
Friday, tracking weakness on Wall Street, ahead of the U.S.
monthly employment report which follows a run of. . . Full story |
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| Mozambique is seeking nearly 400,000 tonnes of middle distillates, which include gasoil and jet fuel, in the spot market due to an electricity shortage, traders said on Friday.. . . Full story | | The rand firmed against the dollar on Friday on the back of strong external portfolio flows into South African assets, shrugging off growth concerns caused by negative economic indicators from Europe.. . . Full story |
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Company News | A mutually agreed transaction has been concluded between Zurich South Africa's major shareholders in terms of which SA Fire House Ltd.. . . Full story | | Following the announcement dated 16 March 2012 regarding the company and various of its subsidiary companies, including Seardel Group Trading (Pty). . . Full story | | Shareholders were also advised on SENS on 27 March 2012 that Erbacon had entered into an agreement with various shareholders and. . . Full story | | Further to the trading statement published on SENS on 27 March 2012, the board updated its prior trading statement. The board. . . Full story |
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| Shareholders are advised that following 18 years of service on the Altron board, Mr Peter Curle will retire as a non-executive. . . Full story | | Shareholders are advised that at the annual general meeting ("AGM") of Merafe shareholders held on Friday, 4 May 2012, all ordinary. . . Full story | | At the sixth annual general meeting of the shareholders of Kumba held on Friday, 04 May 2012 all the ordinary and. . . Full story | | A listed company is required to publish a trading statement as soon as it becomes aware, with a reasonable degree of. . . Full story |
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Company Results | Total revenue increased to R1.9 billion (R1.7 billion). A loss attributable to shareholders of R511.3 million (profit of R170.8 million) was made. However, headline earnings per linked unit grew to 39.53c (35.91cplu).
Distribution
An interim ordinary distribution of 31.5cplu has been declared.
Outlook
Despite ongoing challenging market conditions, which affect the office properties sector in particular, Redefine's core property portfolio is anticipated to achieve continued growt. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 34127.28 | -248.23 | -0.72% | JSE Top 40 | 17:00 | 30065.47 | -273.09 | -0.90% | JSE Gold | 17:00 | 2217.43 | 25.85 | 1.18% | JSE Financial | 17:00 | 25484.47 | 11.66 | 0.05% | JSE Industrial | 17:00 | 38637.95 | -41.93 | -0.11% | JSE Indust 25 | 17:00 | 32495.40 | -33.20 | -0.10% | JSE Resource | 17:00 | 48809.59 | -1091.34 | -2.19% | DJ Futures | 19:50 | 12985.00 | -158.00 | -1.20% | DJ Ind | 19:45 | 13055.90 | -150.69 | -1.14% | SP 500 | 20:00 | 1372.13 | -19.44 | -1.40% | Nasdaq | 20:00 | 2966.75 | -57.55 | -1.90% | FTSE 100 | 17:35 | 5655.06 | -111.49 | -1.93% | DAX | 18:06 | 6561.47 | -132.97 | -1.99% | CAC40 | 18:06 | 3161.97 | -61.39 | -1.90% | Nikkei | 02/05 | 9380.25 | 29.30 | 0.31% | Shanghai | 09:26 | 2452.01 | 11.93 | 0.49% | Hang-Seng | 09:26 | 21115.09 | -134.44 | -0.63% | All Ords | 08:45 | 4459.40 | -35.10 | -0.78% | NZSE 50 | 08:34 | 3549.78 | -26.92 | -0.75% |
| | Name | Time | RP | Move | % Move | Gold | 19:59 | 1643.58 | 8.16 | 0.50% | Gold/Rand | 20:00 | 12825.35 | 189.64 | 1.50% | Gold/R kg | 20:00 | 412335 | 5628 | 1.38% | Silver | 19:59 | 30.3700 | .3320 | 1.11% | Platinum | 19:59 | 1520.50 | -10.00 | -0.65% | Palladium | 19:59 | 649.80 | -7.50 | -1.14% | R157 | 17:06 | 6.37 | .03 | 0.47% | R204 | 17:06 | 7.19 | .03 | 0.35% | Brent Crude | 19:56 | 112.70 | .50 | 0.45% | Rand / Dollar | 19:59 | 7.8033 | 0.0774 | 1.00% | Rand / Pound | 19:55 | 12.5750 | 0.1030 | 0.83% | Rand / Euro | 19:55 | 10.2127 | 0.0511 | 0.50% | Rand / NZD | 19:58 | 6.2059 | 0.0207 | 0.33% | Rand / AUD | 19:55 | 7.9540 | 0.0185 | 0.23% | Yen / Dollar | 19:59 | 79.8360 | -0.3500 | -0.44% | Euro / Dollar | 19:55 | 0.7640 | 0.0039 | 0.51% | Dollar / Euro | 19:59 | 1.3082 | -0.0069 | -0.52% | Pound / Dollar | 19:55 | 0.6190 | 0.0012 | 0.19% |
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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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04/05/2012 | 158 | 194 | 74 | 426 | 283,907,945 | R13,907,638,986 | 99738 | 3008486 | 03/05/2012 | 159 | 183 | 90 | 432 | 242,777,948 | R13,174,831,712 | 97054 | 2986850 | 02/05/2012 | 175 | 150 | 94 | 419 | 223,579,915 | R13,619,664,125 | 92838 | 2764027 | 30/04/2012 | 189 | 124 | 84 | 397 | 192,333,675 | R10,687,424,678 | 81236 | 2449844 | 26/04/2012 | 221 | 127 | 74 | 422 | 273,577,369 | R18,700,375,379 | 88070 | 2588118 |
* Includes all listed instruments on the JSE
Index Summary Index Name | RP | Move | % Move | Top 40 | 30,065.47 | -273.09 | -0.90% | Industrial | 38,637.95 | -41.93 | -0.11% | Mid Cap | 49,419.02 | 99.11 | 0.20% | Small Cap | 36,203.63 | -117.26 | -0.32% | Resource 20 | 48,809.59 | -1091.34 | -2.19% | Industrial 25 | 32,495.40 | -33.20 | -0.10% | Financial 15 | 9,624.74 | .40 | 0.00% | Financial & Ind. 30 | 36,100.76 | -38.78 | -0.11% | All Share | 34,127.28 | -248.23 | -0.72% | Oil & Gas | 27,167.17 | -646.26 | -2.32% | Mining | 31,427.50 | -658.77 | -2.05% | Gold Mining | 2,217.43 | 25.85 | 1.18% | Platinum Mining | 55.65 | -.26 | -0.47% | GENERAL MINING | 8,112.92 | -249.53 | -2.98% | Oil & Gas Producers | 14,607.28 | -347.49 | -2.32% | Basic Materials | 26,921.03 | -569.26 | -2.07% | Chemicals | 15,014.63 | -35.86 | -0.24% | Forestry & Paper | 13,831.84 | -310.10 | -2.19% | Industrial Metals | 29,938.13 | -890.03 | -2.89% | Industrials | 33,818.49 | 109.49 | 0.32% | General Industrials | 92.14 | .50 | 0.55% | Consumer Goods | 33,158.48 | -239.48 | -0.72% | Automobiles & Parts | 6,080.07 | .00 | 0.00% | Household Goods | 183.37 | -1 | -0.43% | Health Care | 42,912.72 | -75.98 | -0.18% | Beverages | 109.75 | -.41 | -0.37% |
| | Index Name | RP | Move | % Move | Food Producers | 62,445.92 | 668.78 | 1.08% | Personal Goods | 477.21 | -10.29 | -2.11% | Consumer Services | 67,767.30 | 296.51 | 0.44% | General Retailers | 56,384.61 | 623.52 | 1.12% | Travel & Leisure | 3,747.32 | -40.89 | -1.08% | Media | 102.99 | .01 | 0.01% | Support Services | 2,399.41 | -13.17 | -0.55% | Telecommunications | 67,966.45 | 852.01 | 1.27% | Financials | 25,484.47 | 11.66 | 0.05% | Banks | 49,662.51 | 59.24 | 0.12% | Non-life Insurance | 43,387.75 | 319.02 | 0.74% | Life Insurance | 19,587.60 | -4.19 | -0.02% | General Financial | 2,363.75 | -9.22 | -0.39% | Technology | 28,662.80 | -133.48 | -0.46% | SHARIAH TOP40 | 3,017.75 | -48 | -1.56% | FTSE/JSE SHARIAH ALL | 3,146.81 | -43 | -1.35% | COAL MINING | 27,288.66 | -782 | -2.79% | FTSE JSE Fledgling | 5,437.40 | -5 | -0.09% | FTSE/JSE Alt X | 1,244.92 | -4 | -0.33% | SA LISTED PROPERTY | 422.87 | | 0.36% | CAPPED PROPERTY | 340.74 | | 0.15% | RESOURCE | 26,904.44 | -575 | -2.09% | DIVIDEND PLUS | 200.25 | -0 | -0.24% | FTSE/JSE RAFI 40 | 7,090.48 | -57 | -0.80% | Capped Top 40 | 15,869.03 | -132 | -0.83% | Capped All Share | 17,263.27 | -123 | -0.71% | JSE TABACO | 5,132.38 | -20 | -0.39% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | INL | INVESTEC LIMITED | BUY | 02 May | HPA | HOSPITALITY PROP FUND A | BUY | 02 May | VPF | VUNANI PROP INV FUND LTD | BUY | 02 May | REB | REBOSIS PROPERTY FUND LTD | BUY | 02 May | CPI | CAPITEC | BUY | 02 May |
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Results Expected** Expected | Company Name | Fin. Date | 08 May 2012 | ALTRON | February 2012 (Final) | 08 May 2012 | ALTRON PP | February 2012 (Final) | 09 May 2012 | EASTPLATS | March 2012 (Q) | 09 May 2012 | EHSV | March 2012 (Q) | 09 May 2012 | HARMONY | March 2012 (Q) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | REDEFINE | 12-05-03 | 12-05-18 | 12-05-28 | R 0.3150 | HOSP-B | 12-04-30 | 12-05-18 | 12-05-28 | R 0.0791 | REDEFINTL | 12-04-30 | 12-05-18 | 12-05-28 | R 0.0209 | HOSP-A | 12-04-30 | 12-05-18 | 12-05-28 | R 0.6334 | CLICKS | 12-04-26 | 12-06-22 | 12-07-02 | R 0.4410 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | ASSORE | 12-04-16 | 12-05-04 | 12-05-21 | R 2.5000 | CIPLAMED | 12-03-15 | 12-05-04 | 12-05-14 | R 0.0750 | CBH | 12-02-21 | 12-05-04 | 12-05-14 | R 0.0598 | DIGICORE | 12-02-21 | 12-05-04 | 12-05-14 | R 0.0300 |
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Upcoming AGMs** Code | Company Name | Date | Status | NED | Nedbank Group Ltd. | 04/05/2012 | Confirmed | RNG | Randgold - Exploration Co Ltd. | 04/05/2012 | Confirmed | KIO | Kumba Iron Ore Ltd. | 04/05/2012 | Confirmed | NBKP | Nedbank Ltd. | 04/05/2012 | Unconfirmed | NBKO | Nedbank Ltd. | 04/05/2012 | Unconfirmed |
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