|
Tuesday, 12 April 2011 - 20:00
Sharenet is pleased to announce the launch of our new publication, The Sharenet Daily. We have built on the success of our Daily Equity Report, while adding more content and helpful information. The result is a publication that gives readers a quick, easy to read and informative synopsis of market activity, company results and news on the JSE for the day, as well as an overview of what transpired on important overseas markets.
The Sharenet Daily includes helpful charts that give a graphical impression of events, and our news content is sourced from a number of contributors, including Reuters. In addition, Sharenet's popular price information is available in our Spot Price format which provides a snapshot of the JSE and world indices, currencies and commodities.
All the JSE trading statistics; major movers; latest dividends; upcoming AGM dates and more are provided to insure that you keep abreast of market developments. The Sharenet Daily is published at 8pm each day on the website and also distributed via email for your convenience. As always, we welcome your comments, feedback and suggestions at support@sharenet.co.za
Charts
Global economic worries weigh on S.Africa's assets
By Phumza Macanda and Tiisetso Motsoeneng
JOHANNESBURG (Reuters) - South African bonds weakened against the dollar on Tuesday partly on limited foreign participation at an auction earlier in the session.
The rand fell against the dollar as emerging markets lost out to safer assets after the International Monetary Fund warned of threats to the global economic recovery.
Bonds weakened after poor demand at the auction.
The yield on the 2015 bond went up two basis points to 7.785 percent and that on the 2026 issue climbed nine basis points to 8.785 percent.
"There's still a lot of paper in the market after the auction. I don't think the foreigners came to the party much today and we rely on them to keep yields lower," said Ashley Dickinson, bonds trader at Renaissance BJM.
"Yields are going to struggle to go much lower, we've tested the bottom. If anything ... bonds are going to go weaker," he added.
Investors turned their backs on emerging markets after the IMF highlighted risks to the global recovery and Japan raised the level of its nuclear crisis.
Domestic stocks followed global markets down, led by mining shares.
The rand -- a heavily traded currency that is seen as a barometer for risk sentiment -- hit a one-week low of 6.7350 to the dollar and fell to its weakest in nearly three weeks against the euro.
By 1550 GMT, it was trading at 6.7235 to the dollar, 0.5 percent weaker than Monday's New York close of 6.6885.
Should the rand pierce 6.77, it will be seen a signal for further losses. The 6.77 level is the 23.6 percent retracement of the rand's fall in mid-March to 7.2150.
Given the bare local economic calendar, local assets will likely take their cue from global developments.
BOURSE DOWN
On the bourse, the JSE Top-40 blue-chip index was down 1.92 percent at 29,025.16 points and the broader All-share index gave up 1.75 percent to 32,239.87.
In addition to the IMF report, Alcoa's below-forecast revenue added to the bearish sentiment.
"There's fear generally about global economic growth ... also Alcoa results missed expectations," Martin Lentsoane, a trader at NEWS Trading said.
Miners took the most points off the South African blue-chip index, tracking commodity prices as Japan's worsening nuclear crisis and aftershocks weakened prospects for metals demand growth.
Anglo American dropped 4.57 percent to 348.81 rand, making it the biggest percentage loser on the benchmark index.
Sasol lost 3.35 percent to 374 rand, as the price of oil fell after Goldman Sachs call for a near $20 fall in the price of Brent crude oil.
Palabora Mining shed 3.71 percent to 141.55 rand after the unit of Rio Tinto said quarterly ore output fell 8 percent.
Tue, 12 Apr 2011
Top News
Sub-Saharan Africa investment banking fees doubled in the first quarter of 2011 from a year ago, with equity market operations posting their strongest first quarter performance since a 2007 regional boom. Full story
South Africa's blue-chip Top-40 index dropped more than 1 percent in early trading on Tuesday as it tracked a fall in global equity markets, which were hit by a global rout in commodity prices. Full story |
|
Japan's nuclear crisis is slowly stabilising and the country must now focus on repairing the damage wrought by the devastating earthquake and tsunami that struck the northeast coast a month ago, Prime Minister Naoto Kan said. Full storyLibyan rebels reported heavy fighting in the besieged city of Misrata on Tuesday after France said NATO must step up bombing to stop Muammar Gaddafi's forces attacking civilians. Full storyIvory Coast's internationally recognised president, Alassane Ouattara, called for peace after his rival was arrested with the help of French forces, but he faces a huge task reuniting a country shattered by civil war. Full story |
| |
|
Markets | Britain's top share index fell
sharply on Tuesday, led by commodity stocks which suffered
partly from concerns over the nuclear crisis in Japan. . . Full story | | U.S. stock indexes slid 1
percent on Tuesday as oil prices sank and Alcoa's
leaner-than-expected revenue started the earnings season on a
disappointing note.. . . Full story | | European stocks suffered their
biggest one-day fall in a month on Tuesday, with the main
indexes breaking below their 50-day moving averages, as. . . Full story | | Gold dropped 1 percent on
Tuesday, on track for its biggest fall in a month, as a sharp
drop in crude oil following. . . Full story |
|
| Oil prices dropped sharply
for a second day on Tuesday, and helped drag stock prices down
around the world, after Goldman Sachs warned. . . Full story | | U.S. stocks fell on Tuesday
after a disappointing revenue miss from Alcoa to start off the
earnings season and a sell-off in commodities,. . . Full story | | Tumbling oil and commodity
prices weighed on shares of resource companies in Hong Kong and
Shanghai on Tuesday, pulling the Hang Seng index. . . Full story | | European shares fell early on
Tuesday after Japan raised the severity of its nuclear crisis to
the highest level and Alcoa missed revenue. . . Full story |
|
SA Business | South Africa's government bonds and the rand weakened on Tuesday as local traders prepared for an auction later in the session and the currency staged a short term correction from 3-month highs.. . . Full story |
|
| Senegal will likely launch a debut sovereign Islamic bond in 2011 of around $200 million, said the chief operating officer at the Islamic Corporation for the Development of the Private Sector. . . Full story | | South Africa exported 47,484 tonnes of white maize last week compared with 40,141 tonnes in the previous week, the South African Grain Information Service (SAGIS) data showed on Tuesday.. . . Full story | | Cheap Chinese exports have
decimated Brazil's shoe industry and South Africa's textile
sector. India has slapped anti-dumping duties on an array of
Chinese goods. Russia is sparring with Beijing over the price of
oil it. . . Full story |
|
Company News | Shareholders were referred to cautionary announcements released on SENS and published in the press, the last of which was dated 1. . . Full story | | With reference to the announcement released on SENS on 28 March 2011, shareholders were advised that the special resolution relating to. . . Full story | | Further to the cautionary announcement dated 1 March 2011, shareholders are advised that negotiations are still in progress with Pride Milling. . . Full story | | RBPlat announced the appointment of Matsotso Vuso as a non-executive director to its board with effect from 12 April 2011. Following. . . Full story |
|
| Further to the cautionary announcement dated 25 February 2011 shareholders are advised that negotiations relating to a possible acquisition by the company are still in progress, which if successfully concluded, may. . . Full story | | The company's annual financial statements for the year ended 31 December 2010, included in the annual report posted on 12 April 2011, are unchanged from the audited results which were published. . . Full story | | Shareholders were advised that the annual financial statements will be distributed to shareholders on 12 April 2011 and contain no modifications to the audited results which were published on SENS on. . . Full story |
|
Company Results | Investment income dropped by almost half to R22.8 million (R41.2 million). However, net attributable profit more than doubled to R259.1 million (R123.6 million). In addition, headline earnings on a per share basis was up slightly to 18.9cps (17.3cps).
Dividend
A final ordinary dividend of 4cps has been declared.
Outlook
Zeder remains confident in the continued importance of the agri, food and beverage sectors and will continue investing in such. Current cash of R206 million and. . . Full story |
World Markets (Spot Prices)
| Name | Time | RP | Move | % Move | | JSE Overall | 17:00 | 32239.87 | -574.56 | -1.75% | | JSE Top 40 | 17:00 | 29025.16 | -569.63 | -1.92% | | JSE Gold | 17:00 | 2771.02 | -29.50 | -1.05% | | JSE Financial | 17:00 | 21664.13 | -136.73 | -0.63% | | JSE Industrial | 17:00 | 31900.00 | -326.07 | -1.01% | | JSE Indust 25 | 17:00 | 26629.31 | -288.80 | -1.07% | | JSE Resource | 17:00 | 57424.82 | -1801.54 | -3.04% | | DJ Futures | 19:56 | 12220.00 | -82.00 | -0.67% | | DJ Ind | 19:21 | 12269.37 | -111.74 | -0.90% | | SP 500 | 19:10 | 1313.50 | -10.96 | -0.83% | | Nasdaq | 19:10 | 2745.87 | -25.64 | -0.93% | | FTSE 100 | 17:35 | 5964.47 | -88.97 | -1.47% | | DAX | 18:00 | 7102.91 | -101.95 | -1.42% | | CAC40 | 17:40 | 3976.60 | -62.10 | -1.54% | | Nikkei | 08:26 | 9555.26 | -164.44 | -1.69% | | Shanghai | 09:22 | 3023.33 | .79 | 0.03% | | Hang-Seng | 10:36 | 23976.37 | -326.70 | -1.34% | | All Ords | 08:37 | 4990.20 | -74.70 | -1.47% | | NZSE 50 | 07:26 | 3451.34 | -9.98 | -0.29% |
| | | Name | Time | RP | Move | % Move | | Gold | 19:59 | 1451.95 | -11.77 | -0.80% | | Gold/Rand | 19:58 | 9779.46 | -2.95 | -0.03% | | Gold/R kg | 19:56 | 314604 | -828 | -0.26% | | Silver | 19:59 | 40.0650 | -.1850 | -0.46% | | Platinum | 19:59 | 1766.50 | -13.80 | -0.78% | | Palladium | 19:59 | 762.00 | -13.00 | -1.68% | | R157 | 17:00 | 7.78 | .04 | 0.52% | | R204 | 17:00 | 8.42 | .05 | 0.60% | | Brent Crude | 19:56 | 121.17 | -3.09 | -2.49% | | Rand / Dollar | 19:59 | 6.7362 | 0.0524 | 0.78% | | Rand / Pound | 19:55 | 10.9228 | 0.0304 | 0.28% | | Rand / Euro | 19:55 | 9.7608 | 0.1162 | 1.20% | | Rand / NZD | 19:58 | 5.2904 | 0.0719 | 1.38% | | Rand / AUD | 19:55 | 7.0590 | 0.0445 | 0.63% | | Yen / Dollar | 19:59 | 83.6700 | -1.0300 | -1.22% | | Euro / Dollar | 19:55 | 0.6898 | -0.0028 | -0.40% | | Dollar / Euro | 19:59 | 1.4487 | 0.0053 | 0.37% | | Pound / Dollar | 19:55 | 0.6146 | 0.0031 | 0.51% |
|
Click here for the Sharenet Spot Price page
The JSE Today
Trading Statistics
| Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
|---|
| 12/04/2011 | 86 | 265 | 80 | 431 | 266,083,945 | R12,023,754,615 | 98390 | 2054868 | | 11/04/2011 | 138 | 172 | 90 | 400 | 261,279,957 | R13,981,320,906 | 102090 | 1616361 | | 08/04/2011 | 200 | 144 | 81 | 425 | 335,609,147 | R15,198,842,076 | 116888 | 1809367 | | 07/04/2011 | 140 | 205 | 84 | 429 | 260,190,578 | R13,173,671,789 | 109418 | 2075935 | | 06/04/2011 | 242 | 109 | 70 | 421 | 290,764,685 | R13,563,693,754 | 106565 | 1929190 |
Index Summary | Index Name | RP | Move | % Move | | Top 40 | 29,025.16 | -569.63 | -1.92% | | Industrial | 31,900.00 | -326.07 | -1.01% | | Mid Cap | 41,448.78 | -338.29 | -0.81% | | Small Cap | 32,248.35 | -149.09 | -0.46% | | Resource 20 | 57,424.82 | -1801.54 | -3.04% | | Industrial 25 | 26,629.31 | -288.80 | -1.07% | | Financial 15 | 8,219.58 | -52.50 | -0.63% | | Financial & Ind. 30 | 30,101.06 | -280.48 | -0.92% | | All Share | 32,239.87 | -574.56 | -1.75% | | Oil & Gas | 28,355.60 | -979.67 | -3.34% | | Mining | 37,765.77 | -1135.59 | -2.92% | | Gold Mining | 2,771.02 | -29.50 | -1.05% | | Platinum Mining | 74.78 | -1.05 | -1.38% | | Oil & Gas Producers | 15,246.28 | -526.75 | -3.34% | | Basic Materials | 31,838.23 | -926.01 | -2.83% | | Chemicals | 13,318.96 | 11.68 | 0.09% | | Forestry & Paper | 14,128.50 | -253.43 | -1.76% | | Industrial Metals | 30,815.48 | -716.76 | -2.27% | | Industrials | 27,592.38 | -310.22 | -1.11% | | General Industrials | 75,699.03 | -881.92 | -1.15% | | Consumer Goods | 26,058.18 | -84.04 | -0.32% | | Automobiles & Parts | 3,045.70 | 11.33 | 0.37% | | Household Goods | 162.25 | 1 | 0.51% | | Health Care | 31,614.20 | -265.35 | -0.83% | | Beverages | 82,866.85 | -47.85 | -0.06% | | Food Producers | 47,168.56 | -421.20 | -0.89% |
| | | Index Name | RP | Move | % Move | | Personal Goods | 383.62 | -2.60 | -0.67% | | Consumer Services | 52,504.98 | -946.45 | -1.77% | | General Retailers | 41,160.32 | -544.47 | -1.31% | | Travel & Leisure | 3,605.77 | -.27 | -0.01% | | Media | 80,505.12 | -2538.59 | -3.06% | | Support Services | 2,440.43 | -7.72 | -0.32% | | Telecommunications | 66,008.79 | -655.53 | -0.98% | | Financials | 21,664.13 | -136.73 | -0.63% | | Banks | 40,800.93 | -291.65 | -0.71% | | Non-life Insurance | 30,432.61 | -121.25 | -0.40% | | Life Insurance | 16,292.30 | -43.33 | -0.27% | | General Financial | 2,276.30 | -27.86 | -1.21% | | Technology | 20,537.08 | 4.62 | 0.02% | | SHARIAH TOP40 | 3,291.53 | -88 | -2.62% | | FTSE/JSE SHARIAH ALL | 3,343.57 | -84 | -2.45% | | COAL MINING | 23,201.14 | -504 | -2.13% | | FTSE JSE Fledgling | 4,528.11 | -22 | -0.48% | | FTSE/JSE Alt X | 992.68 | -20 | -2.00% | | SA LISTED PROPERTY | 372.85 | | -0.34% | | CAPPED PROPERTY | 309.92 | | -0.40% | | RESOURCE | 31,700.61 | -972 | -2.97% | | DIVIDEND PLUS | 167.98 | -1 | -0.81% | | FTSE/JSE RAFI 40 | 6,755.07 | -112 | -1.63% | | Capped Top 40 | 15,077.91 | -264 | -1.72% | | Capped All Share | 16,199.69 | -272 | -1.65% |
|
Click here for the Sharenet Index Summary page
Latest Consensus Changes** | Code | Company Name | Status | Updated | | ADH | ADVTECH LIMITED | BUY | 07 Apr | | GRF | GROUP FIVE LIMITED | HOLD | 06 Apr | | MUR | MURRAY AND ROBERTS HOLDIN... | HOLD | 06 Apr | | AEG | AVENG LIMITED | BUY | 06 Apr | | WBO | WILSON BAYLY HOLMES-OVCON... | BUY | 06 Apr |
|
|
Results Expected** | Expected | Company Name | Fin. Date | | 13 Apr 2011 | PALCAP | February 2011 (Final) | | 14 Apr 2011 | CLICKS | February 2011 (Interim) | | 14 Apr 2011 | IFCATECH | December 2010 (Final) | | 14 Apr 2011 | IQUAD | February 2011 (Final) | | 18 Apr 2011 | INGENUITY | February 2011 (Interim) |
|
Recent Dividends** | Share Name | Dec-Date | LDT | Pay-Date | Amount | | VIVIDEND | 11-04-08 | 11-04-28 | 11-05-09 | R 0.0996 | | PHUMELELA | 11-04-08 | 11-04-28 | 11-05-09 | R 0.2500 | | SBR003 | 11-04-05 | 11-04-19 | 11-05-05 | R 1.4100 | | NAIL | 11-04-05 | 11-04-19 | 11-05-03 | R 0.1760 | | NAIL -N- | 11-04-05 | 11-04-19 | 11-05-03 | R 0.1760 |
|
|
Ex Div** | Share Name | Dec-Date | LDT | Pay-Date | Amount | | SHFINV-PREF | 11-03-01 | 11-04-08 | 11-04-18 | R 3.6200 | | CERAMIC | 11-03-08 | 11-04-08 | 11-04-18 | R 1.4000 | | AECI | 11-02-22 | 11-04-08 | 11-04-18 | R 1.3500 | | WBHO | 11-02-21 | 11-04-08 | 11-04-18 | R 1.1000 | | GROUP 5 | 11-02-14 | 11-04-08 | 11-04-18 | R 0.5200 |
|
Upcoming AGMs** | Code | Company Name | Date | Status | | MRF | Merafe Resources Ltd | 13/04/2011 | Unconfirmed | | CIL | Consolidated Infrastructure Group Ltd | 15/04/2011 | Confirmed | | ZPT | Zaptronix Ltd | 19/04/2011 | Confirmed | | IDE | Ideco Group Ltd | 19/04/2011 | Confirmed |
|
|
Stock Exchange News Service
Click here for more SENS news
|
Sharenet Sites 
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-04-12T175608Z_01_AJOE73B1DTO00_RTROPTP_3_OZABS-AFRICA-BANKING-20110412.JPG "A man withdraws cash from a Barclays bank automatic teller machine in Nairobi")
![[IMAGE]](image.php@width=300&height=150&cropratio=2%253A1&image=%252Fnewsimages%252F2011-04-12T073414Z_01_AJOE73B0L1400_RTROPTP_3_OZABS-SAFRICAMARKETS-20110412.JPG "Electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton")
