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Friday, 08 February 2013 - 20:00
Charts
Mining companies send S.African stocks to record high
By Tiisetso Motsoeneng
JOHANNESBURG (Reuters) - South African stocks notched up a record closing high on Friday with mining shares adding the most points to the key index after forecast-beating Chinese trade data soothed fears about the health of the global economy.
The blue-chip JSE Top-40 index also booked a modest three-quarters of a percent gain for the week as investors tread carefully following a string of historic peaks that has propped up the index by nearly 5 percent so far this year.
The index ended 0.57 percent higher at a record close of 36,477.46 points after setting a record 36,568.09 earlier in the session. The broader All-share index added 0.5 percent to its highest close ever of 40,892.65. It scaled a record 40,983.01 during the session.
"The Chinese data shows that the global economy is on firmer footing and that has helped mining shares all around the world," Desmond Reilly, a trader PSG Securities said.
China's exports and imports rose more than expected in January, pointing both to stronger domestic demand and to a recovery in the world economy as a whole.
Mining stocks look to China, the world's biggest consumer of the commodities, for demand of metals such as copper.
Anglo American Platinum, the world's biggest producer of the white metal, was the biggest gainer on the benchmark JSE Top-40 index, rising 2.5 percent to 482 rand.
Mining giant Anglo American picked up 2.15 percent to 279 rand and world no. 4 bullion producer Gold Fields was 1.11 percent higher at 105.80 rand.
On the downside, paper and pulp maker Sappi fell 0.7 percent to 27.80 rand, dropping for the third straight day after weak quarterly earnings results this week.
African Bank plunged to a record low of 28.65 rand after the unsecured credit lender said the country's credit watchdog had proposed a 300 million rand fine following an industry-wide probe into possible reckless lending. The stock eventually closed 0.3 percent lower at 30.50 rand.
Provisional bourse statistics showed a slightly below average 155 million shares traded, with 191 stocks advancing, 109 losing ground and 62 remaining unchanged.
Fri, 08 Feb 2013Top News
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnews_images_sn%252F1351520437.jpg "Midday market wrap") Local markets
The JSE All Share was up 0.56% just past midday on Friday, with gains across the board led by gold miners and resource shares. Full story ![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2013-02-08T114026Z_1_AJOE9170WFH00_RTROPTP_3_OZABS-SAFRICA-TBILLS-20130208.JPG "A new five rand coin is displayed during its launch at the South African Mint.") South Africa sold 3.685 billion rand worth of three-month Treasury bills at an average yield of 5.1 percent, unchanged from last week. The bid-to-cover ratio fell to 1.36 from 1.5. Full story |
 European Union leaders reached
agreement on the first ever cut in their common budget on Friday
after 24 hours of intense negotiations, seeking to placate
millions at home struggling through government cutbacks and
recession. Full story  Malian government soldiers
fought mutinous paratroops in the capital Bamako on Friday in a
clash that threatened to undermine a French-led offensive
against Islamist rebels which has moved up close to the Algerian
border. Full story  A blizzard blew into the northeastern United States on Friday, bringing whiteout conditions to some parts of New England and threatening to drop record amounts of snow around Boston. Full story |
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Markets |
A return to form by Europe's banks
helped the continent's shares recover on Friday with data
pointing to potentially stronger global growth driving. . . Full story |
U.S. stocks edged higher on
Friday, with the benchmark S&P index hitting a five-year high
after a batch of positive economic reports, but. . . Full story |
The yen jumped against the euro
and dollar on Friday after Japan's finance minister said the
currency's recent drop had gone too far,. . . Full story |
Britain's FTSE 100 rebounded on
Friday, boosted by banks and miners after forecast-beating
Chinese trade data reinforced hopes the global economy is
growing.. . . Full story | |||
Strong economic data lifted
global equity markets and drove the S&P 500 to a five-year high
on Friday, while the yen jumped after. . . Full story |
Gold prices moved lower on Friday
and were set to end the week little changed, undermined by a
steadier dollar against the euro. . . Full story |
U.S. stocks opened slightly
higher on Friday after a trio of positive economic data points,
and further gains were expected to be modest. . . Full story |
European shares rose on Friday,
recovering from a fall the previous session, as strong Chinese
trade data nurtured hope that the global economy. . . Full story | ||||
SA Business |
Harmony Gold, South Africa's third largest gold producer, said on Friday its Kusasalethu mine remained closed for safety and security reasons.. . . Full story |
Gold regained its footing on Friday after the euro's weakness pulled it lower in the previous session, while platinum and palladium. . . Full story |
South African shares hit new record highs on Friday, tracking Asian markets higher after China's January data beat forecasts and highlighting. . . Full story |
South Africa's rand is expected to remain rangebound in the days ahead, continuing a lacklustre recovery from a four-month low hit. . . Full story | |||
South Africa's Gold Fields
will list most of its local assets as a separate
company from Monday, testing investor appetite for a. . . Full story | Jonah Capital, a private investment company and exploration partner of miner Kumba Iron Ore in Liberia, expects further ventures with the. . . Full story | Minority shareholders of South Africa's Absa Group are likely to back a $2 billion stock issue to parent Barclays Plc this. . . Full story | South Africa's biggest unsecured credit lender, African Bank Limited, said on Friday the national credit watchdog had proposed a 300 million. . . Full story |
Aquarius Platinum reported a 24 percent drop in core profit for the first half, but said it was able to bring down costs by about a third, sending the miner's shares up as much as 10 percent.. . . Full story | South Africa's FirstRand will use Thursday's launch of its new merchant banking business in Nigeria as a springboard to move into retail and commercial lending in Africa's second biggest economy, the bank's chief said.. . . Full story |
Company News |
Following the disclosure of financial effects and the terms of the transaction, shareholders are no longer required to exercise caution when. . . Full story |
Afrimat shareholders were referred to the cautionary announcements published between 29 June 2012 and 19 December 2012 as well as the. . . Full story |
The board of directors of AdaptIT notified its shareholders that Mr Oliver Fortuin has been appointed as an independent non-executive director. . . Full story |
Shareholders are referred to the SENS announcement dated 15 January 2013 referring to the second provisional liquidation application against Angel Diamonds. . . Full story | |||
DAWN shareholders are advised that, for the six months period ended 31 December 2012, the Group expects:
*Headline earnings per share (HEPS). . . Full story |
Further to the announcement on 15 January 2013 that Capital Shopping Centres Group PLC (the "company") is to change its name. . . Full story |
Aquarius announced the appointment to the board of directors of Ms Sonja De Bruyn Sebotsa effective 6th February 2013. Ms Sebotsa. . . Full story |
The board of directors of Erbacon notified its shareholders that Mr CHA Ramsay has resigned as an executive director of the. . . Full story | ||||
Company Results | Revenue for the interim period grew 11.8% to R552.1 million (R493.9 million). Operating profit before interest and taxation dropped 7.6% to. . . Full story | Gross written insurance premium fell 3% to R3.8 billion (R3.9 billion) whilst a loss from operating activities of R11.4 million was. . . Full story | Revenue increased to USD223.1 million (USD192 million). Operating income declined to USD14.3 million (USD51.1 million). Net attributable profit fell by more. . . Full story | Revenue for the interim period fell to R179.3 million (R252.4 milion) whilst gross loss narrowed to R3.3 million (loss of R20.6. . . Full story |
World Markets (Spot Prices)
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The JSE Today
| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|---|---|---|---|---|---|---|---|
| 08/02/2013 | 236 | 125 | 79 | 440 | 187,092,286 | R10,819,397,056 | 127085 | 1580245 |
| 07/02/2013 | 223 | 131 | 64 | 418 | 183,164,142 | R11,104,464,388 | 123772 | 918333 |
| 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 |
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Stock Exchange News Service
| Date | Time | Headline |
| 08/02/2013 | 17:35 | TRANSACTION CAPITAL LIMITED - Dealing in securities by an associate of a directo... |
| 08/02/2013 | 17:16 | ELLIES HOLDINGS LIMITED - Dealing in securities by a director of a major subsidi... |
| 08/02/2013 | 17:15 | PRIMESERV GROUP LIMITED - Directors Dealing In Securities |
| 08/02/2013 | 17:15 | BASIL READ HOLDINGS LIMITED - Posting of circular to shareholders regarding the ... |
| 08/02/2013 | 17:14 | ASCENSION PROPERTIES LIMITED - Condensed unaudited consolidated interim financia... |
| 08/02/2013 | 17:08 | ANGLO AMERICAN PLC - Treasury shares - transfers |
| 08/02/2013 | 17:07 | AVENG LIMITED - Aveng director resigns |
| 08/02/2013 | 17:00 | MAS REAL ESTATE INC - Notice of change in shareholder interest |
| 08/02/2013 | 16:48 | Illovo Sugar Limited - Illovo Sugar Limited Dealing In Securities |
| 08/02/2013 | 16:45 | AFRIMAT LIMITED - Fulfilment of conditions precedent and withdrawal of Cautionar... |
| 08/02/2013 | 16:00 | NETCARE LIMITED - Results of the annual general meeting |
| 08/02/2013 | 15:41 | ADAPTIT HOLDINGS LIMITED - Changes to the Board of Directors - Appointment and R... |
| 08/02/2013 | 15:32 | HOLDINGS LIMITED - Dealings in securities |
| 08/02/2013 | 15:26 | PIONEER FOOD GROUP LIMITED - Acceptance Of Allocated Phantom Share Rights In Ter... |
| 08/02/2013 | 15:00 | DIGICORE HOLDINGS LIMITED - Change to the board of directors |
| 08/02/2013 | 15:00 | DEUTSCHE BANK AG - Deutsche Bank AG - Termination of Listing |
| 08/02/2013 | 15:00 | PLATINUM LIMITED - Change to the board of directors - appointment of director |
| 08/02/2013 | 15:00 | MPACT LIMITED - Further Trading Statement |
| 08/02/2013 | 14:58 | OANDO PLC - Further announcement regarding the extension of closing date of righ... |
| 08/02/2013 | 14:56 | MACQUARIE SECURITIES SA (PTY) LTD - New Instrument Listing |
| 08/02/2013 | 14:45 | FIRSTRAND BANK LIMITED - Interest Rate Reset - FRS78 |
| 08/02/2013 | 14:30 | THABEX LIMITED - Update to Shareholders |
| 08/02/2013 | 14:30 | JUBILEE PLATINUM PLC - Notice in terms of the UK disclosure and transparency rul... |
| 08/02/2013 | 14:24 | ABSA BANK LIMITED - ACL026 and ACL152 - Interest Rate Reset |
| 08/02/2013 | 14:15 | INDWA INVESTMENTS LIMITED - Full Capital Redemption - IND307 |
| 08/02/2013 | 14:12 | STANDARD BANK OF SOUTH AFRICA LD - SCIB: The Standard Bank of South Africa Ltd -... |
| 08/02/2013 | 13:45 | INVICTA HOLDINGS LIMITED - Director dealing in securities |
| 08/02/2013 | 13:40 | NAMPAK LIMITED - Results of the 45th Annual General Meeting and Business Update ... |
| 08/02/2013 | 13:35 | AFRICAN BANK LIMITED - Probe By The National Credit Regulator |
| 08/02/2013 | 13:00 | Hardware Warehouse Limited - Fulfilment Of Outstanding Conditions Precedent And ... |
| 08/02/2013 | 12:55 | TIONAL HOLDINGS LIMITED - Proposed Capital Raising By The Company |
| 08/02/2013 | 12:54 | Anglogold Ashanti Limited - Anglogold Ashanti Issues Circular Convening A Genera... |
| 08/02/2013 | 12:35 | CAPITAL SHOPPING CENTRES GROUP PLC - Change of Name |
| 08/02/2013 | 12:33 | DISTRIB. AND WAREHOUSING NETWORK LD - Trading Statement |
| 08/02/2013 | 12:32 | MUSTEK LIMITED - Trading Statement |
| 08/02/2013 | 12:15 | TOYOTA FIN SERVICES (SA) PTY LTD - Full Capital Redemption - TFS73 |
| 08/02/2013 | 12:01 | IENT PROPERTY INCOME FUND LTD - Dealings in securities by an accociate of a dire... |
| 08/02/2013 | 12:00 | 1time Holdings Limited - Change To The Board Of Directors |
| 08/02/2013 | 11:50 | BLACKSTAR GROUP SE - Transaction in own shares |
| 08/02/2013 | 11:48 | PALABORA MINING COMPANY LIMITED - Trading statement |
| 08/02/2013 | 11:17 | NY GOLD MINING COMPANY LIMITED - Harmonys discussions with Unions ongoing |
| 08/02/2013 | 11:00 | BLACKSTAR GROUP SE - Notification of Major Interest in Shares |
| 08/02/2013 | 10:55 | NEDBANK LIMITED - Nedbank Limited JSE Code: CLNF11 ISIN No: ZAG000102989 New Fin... |
| 08/02/2013 | 10:50 | ON INVESTMENT HOLDINGS LIMITED - Resignation of director from the board of direc... |
| 08/02/2013 | 10:22 | JSE LIMITED - Declaration announcement in respect of accrued interest payments f... |
| 08/02/2013 | 10:01 | AQUARIUS PLATINUM LIMITED - Financial Results for the six months ended 31 Decemb... |
| 08/02/2013 | 10:00 | AQUARIUS PLATINUM LIMITED - Board appointment |
| 08/02/2013 | 09:31 | CULLINAN HOLDINGS LIMITED - Approval of new Memorandum of Incorporation |
| 08/02/2013 | 09:11 | PIONEER FOOD GROUP LIMITED - Dealing In Companys Shares By A Director |
| 08/02/2013 | 09:00 | FERRUM CRESCENT LIMITED - Investor presentation to coincide with the Indaba Mini... |
| 08/02/2013 | 08:52 | JSE LIMITED - Arcelormittal South Africa Limited - Emphasis Of Matter |
| 08/02/2013 | 08:30 | THE DB X-TRACKER COL INVEST SCHEME - Partial delisting of DBXWD securities |
| 08/02/2013 | 08:00 | COMPAGNIE FINANCIERE RICHEMONT SA - Richemont board of directors |
| 08/02/2013 | 07:05 | NET 1 UEPS TECHNOLOGIES INC - Net 1 UEPS Technologies, Inc. Reports Second Quart... |
| 08/02/2013 | 07:05 | SASOL LIMITED - Trading statement for the six months ended 31 December 2012 |
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