Wednesday, 06 February 2013 - 20:00
Charts
Mobile phone firms lead South African stocks lower
By Tiisetso Motsoeneng
JOHANNESBURG (Reuters) - South African stocks ended slightly lower on Wednesday as mobile phone firms pushed the bourse down after Vodacom's quarterly earnings failed to excite.
Sentiment was also dented by weakness in major global equity markets ahead of the European Central Bank's verdict on interest rates.
The JSE Top-40 index lost 0.34 percent to 36,156.66 and the broader All-share index slipped 0.25 percent to 40,559.67.
"The market does look a little bit full at these levels. Without a real catalyst, I expect it to consolidate around these levels for while," said Rudi van der Merwe, a trader at Standard Bank Stockbroking.
Vodacom shares slid after it reported a modest 1.7 percent rise in quarterly sales, which suggested that debt-laden consumers were spending warily.
Vodacom, the nation's biggest mobile phone firm, fell 4.24 percent to 116.20 rand, topping the decliners' list and dragging down its closest rival MTN Group, which skidded 3 percent to 178.15 rand.
Elsewhere, Sappi plunged to record low of 28.50 rand after the paper maker suffered a more than 60 percent drop in quarterly profit.
The stock eventually closed 5.72 percent in the red at 29.27 rand.
Major retailers rose for the second straight day after brokerage house Absa Capital gave an upbeat assessment on the sector that has been under heavy selling pressure in the last month.
Grocer Shoprite gained 1.45 percent to 176.50 rand and clothes retailer Truworths added 0.81 percent to 106.30 rand.
Investors have been offloading retailers in recent weeks after a year-long rally that many analysts have said pushed their shares to levels from which they can only disappoint.
Elsewhere, Cipla Medpro hit a record high for the second straight day as investors bet its Indian suitor Cipla Ltd would raise its $215 million offer for the generic drug firm.
Provisional bourse statistics showed a slightly below average 173 million shares were traded, with 155 shares advancing and 158 losing ground while 60 shares were unchanged.
Wed, 06 Feb 2013
Top News
Gold edged higher on Wednesday,
recovering early losses, as stocks came under pressure from
renewed concerns over the euro zone economy, and on caution
ahead of a European Central Bank meeting later this week Full story
Local markets
At noon on Wednesday, the JSE All Share had risen 0.23% with gains in resources and financial shares helping to boost the local bourse. Full story |
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A fierce critic of the Tunisian
government's dealings with radical Islamists was shot dead on
Wednesday, sending protesters onto the streets two years after
their Jasmine Revolution sparked revolt across the Arab world. Full storyIndia pledged on Wednesday not to let defence
cuts disrupt efforts to finalize a potential $10 billion purchase of French
warplanes, but both sides played down expectations of a landmark deal in time
for a visit by French President Francois Hollande next week. Full storyLeaders of Islamic nations called
for a negotiated end to Syria's civil war at a summit in Cairo
that began on Wednesday, thrusting Egypt's new Islamist
president to centre stage amid turbulence at home. Full story |
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Markets | Euro zone equities sank to
two-month lows on Wednesday, with investors locking in profits
on a half-year rally, spooked by a run of. . . Full story | | Britain's top shares nudged into
positive territory on Wednesday on a strong showing from asset
managers following robust results from Hargreaves Lansdown,
which outweighed. . . Full story | | U.S. and world stock markets
paused for breath on Wednesday after a rally that drove the S&P
500 to five-year highs, while. . . Full story | | U.S. stocks were little changed
in late morning trading on Wednesday as investors awaited fresh
trading incentives after recent rallies took the S&P. . . Full story |
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| U.S. stocks opened lower on
Wednesday as investors found few fresh trading incentives to
keep pushing equities higher following a 1-percent rally in. . . Full story | | The Euro STOXX 50 Volatility Index
, or VSTOXX, Europe's widely-used measure of investor
risk aversion, hit a 2-1/2 month high on Wednesday. . . Full story | | European equities extended losses
in afternoon trade on Wednesday, weighed down by a string of
disappointments from the earnings season and tracking a. . . Full story | | European stocks were mixed at
midday on Wednesday as the previous session's tentative recovery
lost steam, with euro zone banks sliding on renewed. . . Full story |
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SA Business | South Africa mobile network operator MTN said on Wednesday that it agreed to acquire another 50 percent stake in MTN Cyprus. . . Full story | | The rand was steady against the dollar in early Wednesday trade and looked set to test the 8.80 resistance level should. . . Full story | | ArcelorMittal South Africa, a unit of the world's top steelmaker, on Wednesday reported a full-year loss due to a drop in. . . Full story | | The World Bank's private sector arm, IFC, issued 12 billion naira worth of its debut Nigerian local currency bond on Tuesday. . . Full story |
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| The South African rand is set to rise this year after losing almost 5 percent against the dollar in 2012, a. . . Full story | | Fastjet, the African
budget airline backed by easyJet founder Stelios
Haji-Ioannou, is in a dispute over the right to use the Fly540
brand in. . . Full story | | South Africa's Sappi posted a fall in first-quarter profit on Wednesday, hit by lower paper and pulp selling prices, and said. . . Full story | | South Africa's dominant mobile operator, Vodacom Group Ltd, reported a 1.7 percent increase in third-quarter revenue on Wednesday as it boosted. . . Full story |
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| Private equity funds completed $1.16 billion worth of deals in sub-Saharan Africa in 2012, a near 10 percent increase from the previous year, a survey showed on Tuesday.. . . Full story | | Gold fell on Tuesday, retreating
from an initial rally, as solid gains in U.S. equities and an
improving economic outlook weighed on the metal's safe-haven
appeal.
Palladium and platinum rose on. . . Full story | | Addax & Oryx Group (AOG) plans to
invest $400 million in Africa's energy sector over the next five
years, its Chairman said, in a strategic U-turn after sales
talks collapsed last year.. . . Full story |
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Company News | Brian Harley, the Chief Executive Officer of B&W would like to invite shareholders, investors and analysts to a pre-close Investor Day. . . Full story | | Old Mutual announced that it has completed the acquisition of a majority stake in Oceanic Life, the life assurance operations of. . . Full story | | Shareholders are advised that Howden expects earnings and headline earnings per share from continuing operations to be in the range of. . . Full story | | Morvest shareholders are advised that for the six month period ended 30 November 2012 the company expects:
* earnings per share. . . Full story |
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| Shareholders are referred to the cautionary announcement dated 12 November 2012, and the previous announcement referred to therein, in respect of. . . Full story | | The Company provided an update on the year end production ahead of the announcement of its 31 December 2012 year end. . . Full story | | The group's interim results for the six months ended 31 December 2012 are expected to be released on SENS on or. . . Full story | | Morvest shareholders were referred to the cautionary announcements, released on SENS on 13 November 2012 and 21 December 2012, and were. . . Full story |
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Company Results | Revenue from continuing operations plummeted to AUD758 000 (AUD1.1 million). Loss attributable to owners was AUD760 000 (profit of AUD680 000).. . . Full story | | Sales decreased to USD1.5 billion (USD1.6 billion). Gross profit declined to USD174 million (USD208 million) and operating profit was lower at. . . Full story | | Revenue for the year grew to R32.3 billion (R31.5 billion) whilst loss from operations plummeted was R477 million (profit of R297. . . Full story | | Net rental and related revenue jumped to R793.8 million (R603.4 million). Profit for the year attributable to equity holders shot up. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 40559.67 | -103.00 | -0.25% | JSE Top 40 | 17:00 | 36156.66 | -122.00 | -0.34% | JSE Gold | 17:00 | 2222.97 | -10.00 | -0.45% | JSE Financial | 17:00 | 30006.98 | -155.00 | -0.51% | JSE Industrial | 17:00 | 48688.80 | -215.00 | -0.44% | JSE Indust 25 | 17:00 | 42105.84 | -206.00 | -0.49% | JSE Resource | 17:00 | 53280.81 | 137.00 | 0.26% | DJ Futures | 19:48 | 13930.00 | -2.00 | -0.01% | DJ Ind | 19:58 | 13985.91 | 6.61 | 0.05% | SP 500 | 19:58 | 1511.84 | 0.55 | 0.04% | Nasdaq | 19:58 | 3172.84 | 1.26 | 0.04% | FTSE 100 | 18:35 | 6295.34 | 12.58 | 0.20% | DAX | 19:08 | 7581.18 | -83.48 | -1.09% | CAC40 | 19:08 | 3642.90 | -51.80 | -1.40% | Nikkei | 08:32 | 11463.75 | 416.83 | 3.77% | Shanghai | 09:28 | 2434.48 | 1.35 | 0.06% | Hang-Seng | 10:30 | 23256.93 | 108.40 | 0.47% | All Ords | 07:43 | 4940.50 | 37.90 | 0.77% | NZSE 50 | 05/02 | 4211.95 | -34.45 | -0.81% |
| | Name | Time | RP | Move | % Move | Gold $ | 19:59 | 1677.06 | 4.22 | 0.25% | Gold R | 19:58 | 14940.50 | 189.94 | 1.29% | Gold R/kg | 19:58 | 480292 | 5453 | 1.15% | Silver $ | 19:59 | 31.8110 | .0340 | 0.11% | Platinum $ | 19:59 | 1733.00 | 25.00 | 1.46% | Palladium $ | 19:59 | 763.80 | -2.00 | -0.26% | R157 | 17:23 | 5.32 | -.00 | -0.09% | R204 | 17:03 | 6.00 | .01 | 0.25% | R207 | 17:10 | 6.30 | -.01 | -0.24% | Brent Crude | 19:58 | 116.91 | 1.31 | 1.13% | Rand / Dollar | 19:59 | 8.9101 | 0.0900 | 1.02% | Rand / Pound | 19:55 | 13.9144 | 0.1350 | 0.98% | Rand / Euro | 19:55 | 12.0495 | 0.0718 | 0.60% | Rand / NZD | 19:58 | 7.5097 | 0.0597 | 0.80% | Rand / AUD | 19:55 | 9.1918 | 0.0278 | 0.30% | Yen / Dollar | 19:59 | 93.4130 | -0.2670 | -0.28% | Euro / Dollar | 19:55 | 0.7389 | 0.0029 | 0.39% | Dollar / Euro | 19:59 | 1.3516 | -0.0061 | -0.45% | Pound / Dollar | 19:55 | 0.6384 | 0.0001 | 0.02% |
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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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06/02/2013 | 196 | 173 | 72 | 441 | 198,561,860 | R12,737,576,375 | 154100 | 1858253 | 05/02/2013 | 209 | 144 | 77 | 430 | 218,077,592 | R12,737,076,436 | 158478 | 1629848 | 04/02/2013 | 168 | 207 | 65 | 440 | 221,466,971 | R12,486,239,895 | 160576 | 1538430 | 01/02/2013 | 227 | 145 | 62 | 434 | 192,914,955 | R12,137,252,802 | 163505 | 1791776 | 31/01/2013 | 162 | 222 | 70 | 454 | 303,299,029 | R18,101,015,407 | 214547 | 1569257 |
* Includes all listed instruments on the JSE
Index Summary Index Name | RP | Move | % Move | Top 40 | 36,156.00 | -122.00 | -0.34% | Industrial | 48,688.00 | -215.00 | -0.44% | Mid Cap | 54,996.00 | 115.00 | 0.21% | Small Cap | 42,330.00 | -35.00 | -0.08% | Resource 20 | 53,280.00 | 137.00 | 0.26% | Industrial 25 | 42,105.00 | -206.00 | -0.49% | Financial 15 | 11,299.00 | -72.00 | -0.64% | Financial & Ind. 30 | 45,797.00 | -264.00 | -0.57% | All Share | 40,559.00 | -103.00 | -0.25% | Oil & Gas | 29,317.00 | -120.00 | -0.41% | Mining | 34,324.00 | 120.00 | 0.35% | Gold Mining | 2,222.00 | -10.00 | -0.45% | Platinum Mining | 58.00 | 1.00 | 2.89% | GENERAL MINING | 9,129.00 | 34.00 | 0.38% | Oil & Gas Producers | 15,763.00 | -64.00 | -0.41% | Basic Materials | 29,609.00 | 80.00 | 0.27% | Chemicals | 17,745.00 | -92.00 | -0.52% | Forestry & Paper | 19,293.00 | -204.00 | -1.05% | Industrial Metals | 30,432.00 | 55.00 | 0.18% | Industrials | 38,207.00 | 62.00 | 0.16% | General Industrials | 111.00 | 1.00 | 0.95% | Consumer Goods | 44,626.00 | -126.00 | -0.28% | Automobiles & Parts | 7,733.00 | .00 | 0.00% | Household Goods | 185.00 | 4 | 2.48% | Health Care | 55,978.00 | 120.00 | 0.22% | Beverages | 150.00 | .00 | -0.52% |
| | Index Name | RP | Move | % Move | Food Producers | 68,945.00 | -327.00 | -0.47% | Personal Goods | 736.00 | .00 | 0.11% | Consumer Services | 82,276.00 | 407.00 | 0.50% | General Retailers | 64,216.00 | 102.00 | 0.16% | Travel & Leisure | 5,098.00 | 26.00 | 0.52% | Media | 129.00 | .00 | 0.60% | Support Services | 2,335.00 | -3.00 | -0.13% | Telecommunications | 84,887.00 | -2726.00 | -3.11% | Financials | 30,006.00 | -155.00 | -0.51% | Banks | 53,871.00 | -658.00 | -1.21% | Non-life Insurance | 46,450.00 | -507.00 | -1.08% | Life Insurance | 26,134.00 | 13.00 | 0.05% | General Financial | 2,819.00 | 29.00 | 1.05% | Technology | 33,216.00 | 96.00 | 0.29% | SHARIAH TOP40 | 3,551.00 | -10 | -0.29% | FTSE/JSE SHARIAH ALL | 3,662.00 | -6 | -0.18% | COAL MINING | 22,381.00 | 55 | 0.25% | FTSE JSE Fledgling | 5,945.00 | 0 | 0.00% | FTSE/JSE Alt X | 844.00 | 12 | 1.48% | SA LISTED PROPERTY | 502.00 | | -0.37% | CAPPED PROPERTY | 409.00 | | -0.24% | RESOURCE | 29,336.00 | 70 | 0.24% | DIVIDEND PLUS | 215.00 | 0 | -0.19% | FTSE/JSE RAFI 40 | 8,263.00 | -31 | -0.38% | Capped Top 40 | 19,045.00 | -68 | -0.36% | Capped All Share | 20,510.00 | -53 | -0.26% | JSE TABACO | 5,874.00 | 9 | 0.17% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | IPL | IMPERIAL HOLDINGS LTD | HOLD | 21/01/2013 | BIL | BHP BILLITON PLC | HOLD | 21/01/2013 | TRU | TRUWORTHS INTERNATIONAL L... | SELL | 21/01/2013 | AMS | ANGLO AMERICAN PLATINUM C... | HOLD | 21/01/2013 | ANG | ANGLOGOLD ASHANTI LIMITED | HOLD | 21/01/2013 |
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Results Expected** Expected | Company Name | Fin. Date | 07/02/2013 | CAPITAL | December 2012 (Final) | 07/02/2013 | JASCO | December 2012 (Interim) | 07/02/2013 | JASCOP | December 2012 (Interim) | 07/02/2013 | NET1UEPS | December 2012 (Interim) | 07/02/2013 | NET1UEPSP | December 2012 (Interim) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | SBR003 | 05/02/2013 | 25/04/2013 | 06/05/2013 | R 1.3500 | HARMONY | 04/02/2013 | 01/03/2013 | 11/03/2013 | R 0.5000 | CULINAN5.5 | 01/02/2013 | 15/02/2013 | 25/02/2013 | R 0.0550 | HUDACO | 01/02/2013 | 01/03/2013 | 11/03/2013 | R 3.1000 | FIRSTRANDB-P | 01/02/2013 | 15/02/2013 | 25/02/2013 | R 3.2025 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | FOORDCMPS | 18/01/2013 | 01/02/2013 | 11/02/2013 | R 0.4899 | TREMATON | 29/11/2012 | 01/02/2013 | 11/02/2013 | R 0.0250 |
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Upcoming AGMs** Code | Company Name | Date | Status | SAP | Sappi Ltd. | 06/02/2013 | Confirmed | NTCPR | Netcare Ltd. | 08/02/2013 | Confirmed | NTN | Netcare Ltd. | 08/02/2013 | Confirmed | NTC | Netcare Ltd. | 08/02/2013 | Confirmed | NTCP | Netcare Ltd. | 08/02/2013 | Confirmed |
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