Wednesday, 11 January 2012 - 20:00
Charts
S.Africa's rand weakens but long-term bias positive
JOHANNESBURG (Reuters) - The rand weakened against the dollar on Wednesday, trading at its lowest for the session when markets reacted to a warning about the fate of the euro, which saw investors sell risky assets such as the rand before rallying a touch.
The local currency was set to weaker from the open, having closed above key resistance at 8.1025 in New York trade on Tuesday.
Negative risk sentiment from the euro zone crisis sent the rand to 8.1670 against the dollar on Wednesday, losses worth 0.8 percent on the previous close.
The rand is a heavily traded emerging market currency, mostly because of how liquid it is, serving as a barometer for investor risk sentiment. It opened the year on a firm footing, looking to break through 8 rand resistance, but was dragged weaker by euro woes all the way to 8.25 so far this year.
Analysts say real money accounts with a long term view should take the rand back to firmer levels, but investors would have to be convinced about Europe sorting out its problems.
"If we don't have the worst ending of the euro zone situation, i.e. the risk-on comes back, the rand will rally. The house view here is that the euro is going to stay and things are going to improve over time," said Murat Toprak, a forex strategist at HSBC Bank.
A Reuters poll on the rand's prospects against the dollar sees the local unit coming out on top by year-end.
"But to reach that point, to reach the end of the year, I think we could have a bumpy road. We can easily have dollar/rand at much higher levels before it goes back," Toprak added.
The rand is likely to momentarily react to manufacturing data out on Thursday, before investors turn their attention to global developments again.
Government bonds gave up most of the previous session's gains, following the currency. Yields on the two benchmarks nudged down by half a basis point to 6.805 percent on the 2015 bond and 8.585 percent on the 2026 issue.
Wed, 11 Jan 2012
Top News
South African stocks pulled back from a four-week high on Wednesday and ended a three-day winning streak on renewed worries about euro zone debt crisis, but the benchmark index remained within range of its lifetime high. Full story
Gold steadied around
one-month highs on Wednesday after a break above a key technical
level and evidence of strong demand from major consuming nations
supported the market, although a retracement in the euro pulled
the price below the day's highs. Full story |
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After a solid victory in New Hampshire, Mitt Romney looks toward a critical test in South Carolina next week as he seeks to convince conservative Republican voters he is their best bet to defeat Democratic President Barack Obama. Full storyAn Iranian nuclear scientist was blown up in his car by a motorbike hitman on Wednesday, prompting Tehran to blame Israeli and U.S. agents but insist the killing would not derail a nuclear programme that has raised fears of war and threatened world oil supplies. Full storyFor customers of the La Senza lingerie shop at one of Riyadh's glitziest malls, the introduction of women-only sales teams this week ended years of embarrassment. Full story |
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Markets | Gold rose nearly 1
percent to a one-month high on Wednesday, breaking ranks with
the euro and equities, as evidence of strong physical. . . Full story | | U.S. stocks edged lower
on Wednesday after hitting a five-month high in the
prior session as a warning about further weakness in. . . Full story | | Britain's blue-chip FTSE
100 closed lower on Wednesday after bouncing once again
off an important technical resistance level, led by heavyweight
energy stocks on. . . Full story | | European shares fell on
Wednesday, from a five-month high, after Fitch Ratings warned
that the European Central Bank should take a more active. . . Full story |
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| The euro weakened to a
near 16-month low against the dollar and global stocks fell
on Wednesday after Fitch Ratings warned that. . . Full story | | U.S. stocks fell at open
on Wednesday, a day after the Dow and S&P 500 hit
five-month highs, with pressure on the. . . Full story | | European shares fell at
mid-session on Wednesday as bearish comments by Fitch and strong
demand for safe-heaven German bonds triggered a sell-off after. . . Full story | | European shares retreated
in thin late morning trade on Wednesday, with traders pointing
to comments by ratings agency Fitch urging the European Central
Bank. . . Full story |
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SA Business | South African diversified miner Exxaro Resources made a bid worth up to A$338 million for African Iron, targeting the Australian-listed company's. . . Full story | | South Africa exported 7,954 tonnes of white maize in the week to January 6, the South African Grain Information Service (SAGIS). . . Full story | | South Africa's rand lost ground against the dollar on Wednesday and could trade with a weaker tone after failing to sustain. . . Full story | | Gold inched up on Wednesday to flirt with a key resistance level, shrugging off a stronger dollar, as persistent uncertainties on. . . Full story |
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| South African logistics group Transnet started operating a new multi-product fuel pipeline on Wednesday, the company's single biggest capital project to. . . Full story | | More than 1,000 workers at Exxaro Resources' Arnot coal mine in South African plan to down tools from Friday to protest. . . Full story | | South Africa's Exxaro Resources
made a bid worth up to A$338 million ($349 million) on
Wednesday for African Iron, chasing the
Australian-listed company's. . . Full story | | African Iron is confident
a takeover offer from South Africa's Exxaro Resources
will secure 75 percent acceptances, even without its
second-biggest shareholder, Equatorial. . . Full story |
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| A stretch of West Africa's
coast spanning more than a dozen countries, the Gulf of Guinea
is a growing source of oil, cocoa and metals that are shipped to
world markets.. . . Full story |
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Company News | SA Corp unitholders are advised that SA Corp has entered into an agreement ("the agreement") with TLP Investments One Three Seven. . . Full story | | Shareholders are advised of the following changes to the Chemspec board of directors ("the board") with effect from 9 January 2012:. . . Full story | | With regard to the announcement " Exxaro cash offer to African Iron Ltd shareholders and listed option holders" released on SENS. . . Full story | | The attention of shareholders was drawn to the joint announcement released by Exxaro and African Iron Ltd ("African Iron") on the. . . Full story |
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Company Results | Revenue improved to R268.1 million (R236.9 million) and gross profit rose to R42.4 million (R36.2 million). Profit for the year grew to R10 million (R7.8 million), while headline earnings per share strengthened to 23.80cps (19.36cps).
Dividends
*First quarter -- A dividend of 4 cents (2010: 4 cents) per share was declared on 22 December 2010 and paid to all shareholders recorded in the share register of the company at the close of business on Friday, 21 January 2011;
*Second quart. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 32827.05 | -193.11 | -0.58% | JSE Top 40 | 17:00 | 29276.38 | -205.13 | -0.70% | JSE Gold | 17:00 | 2889.87 | -49.14 | -1.67% | JSE Financial | 17:00 | 22693.48 | -48.08 | -0.21% | JSE Industrial | 17:00 | 34678.38 | -289.07 | -0.83% | JSE Indust 25 | 17:00 | 29036.34 | -290.74 | -0.99% | JSE Resource | 17:00 | 53862.79 | -250.37 | -0.46% | DJ Futures | 20:00 | 12357.00 | -33.00 | -0.27% | DJ Ind | 19:45 | 12421.00 | -41.47 | -0.33% | SP 500 | 20:00 | 1289.60 | -2.48 | -0.19% | Nasdaq | 20:00 | 2705.55 | 3.05 | 0.11% | FTSE 100 | 18:35 | 5670.82 | -25.88 | -0.45% | DAX | 19:06 | 6152.34 | -10.64 | -0.17% | CAC40 | 19:06 | 3204.83 | -5.96 | -0.19% | Nikkei | 08:26 | 8447.88 | 25.62 | 0.30% | Shanghai | 09:26 | 2276.05 | -9.70 | -0.42% | Hang-Seng | 10:32 | 19151.94 | 147.66 | 0.78% | All Ords | 07:39 | 4242.90 | 36.30 | 0.86% | NZSE 50 | 06:46 | 3236.53 | 8.52 | 0.26% |
| | Name | Time | RP | Move | % Move | Gold | 19:59 | 1641.10 | 9.20 | 0.56% | Gold/Rand | 20:00 | 13313.92 | 86.22 | 0.65% | Gold/R kg | 20:00 | 428042 | 1554 | 0.36% | Silver | 19:59 | 29.9460 | .0960 | 0.32% | Platinum | 19:59 | 1488.00 | 28.75 | 1.97% | Palladium | 19:59 | 642.25 | 9.50 | 1.50% | R157 | 13:06 | 6.79 | -.01 | -0.15% | R204 | 13:06 | 7.78 | -.01 | -0.13% | Brent Crude | 19:46 | 112.23 | -.80 | -0.71% | Rand / Dollar | 19:59 | 8.1128 | 0.0066 | 0.08% | Rand / Pound | 19:55 | 12.4049 | -0.1226 | -0.98% | Rand / Euro | 19:55 | 10.3006 | -0.0579 | -0.56% | Rand / NZD | 19:58 | 6.4494 | 0.0144 | 0.22% | Rand / AUD | 19:55 | 8.3570 | -0.0058 | -0.07% | Yen / Dollar | 19:59 | 76.8930 | 0.0480 | 0.06% | Euro / Dollar | 19:55 | 0.7873 | 0.0046 | 0.59% | Dollar / Euro | 19:59 | 1.2699 | -0.0071 | -0.56% | Pound / Dollar | 19:55 | 0.6521 | 0.0065 | 1.01% |
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The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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11/01/2012 | 130 | 185 | 93 | 408 | 228,115,255 | R12,723,597,336 | 91831 | 2316786 | 10/01/2012 | 220 | 121 | 87 | 428 | 356,633,454 | R11,774,989,569 | 87556 | 2190850 | 09/01/2012 | 152 | 174 | 70 | 396 | 195,075,638 | R9,705,960,100 | 72740 | 2409723 | 06/01/2012 | 194 | 121 | 77 | 392 | 194,249,028 | R10,753,317,294 | 70749 | 2353067 | 05/01/2012 | 126 | 198 | 90 | 414 | 197,170,721 | R10,877,416,250 | 78329 | 2424371 |
Index Summary Index Name | RP | Move | % Move | Top 40 | 29,276.38 | -205.13 | -0.70% | Industrial | 34,678.38 | -289.07 | -0.83% | Mid Cap | 44,624.89 | -20.04 | -0.04% | Small Cap | 33,446.64 | 38.16 | 0.11% | Resource 20 | 53,862.79 | -250.37 | -0.46% | Industrial 25 | 29,036.34 | -290.74 | -0.99% | Financial 15 | 8,545.19 | -23.55 | -0.27% | Financial & Ind. 30 | 32,256.08 | -274.10 | -0.84% | All Share | 32,827.05 | -193.11 | -0.58% | Oil & Gas | 29,891.45 | 7.57 | 0.03% | Mining | 34,704.57 | -202.97 | -0.58% | Gold Mining | 2,889.87 | -49.14 | -1.67% | Platinum Mining | 62.58 | -.03 | -0.05% | GENERAL MINING | 8,624.98 | -32.42 | -0.37% | Oil & Gas Producers | 16,072.08 | 4.07 | 0.03% | Basic Materials | 29,359.90 | -160.68 | -0.54% | Chemicals | 14,036.46 | -4.89 | -0.03% | Forestry & Paper | 11,991.33 | -99.37 | -0.82% | Industrial Metals | 30,849.68 | 82.99 | 0.27% | Industrials | 29,386.55 | 39.03 | 0.13% | General Industrials | 82,986.09 | -101.38 | -0.12% | Consumer Goods | 29,724.90 | -342.10 | -1.14% | Automobiles & Parts | 4,642.14 | .00 | 0.00% | Household Goods | 157.35 | 0 | 0.17% | Health Care | 36,348.75 | -133.60 | -0.37% | Beverages | 98.59 | -1.19 | -1.19% |
| | Index Name | RP | Move | % Move | Food Producers | 55,380.56 | 169.49 | 0.31% | Personal Goods | 426.37 | -7.09 | -1.64% | Consumer Services | 59,092.51 | -283.12 | -0.48% | General Retailers | 50,024.02 | -100.02 | -0.20% | Travel & Leisure | 3,682.41 | -8.27 | -0.22% | Media | 80.70 | .00 | 0.00% | Support Services | 2,262.08 | .00 | 0.00% | Telecommunications | 65,279.21 | -1246.58 | -1.87% | Financials | 22,693.48 | -48.08 | -0.21% | Banks | 42,113.63 | -70.79 | -0.17% | Non-life Insurance | 34,676.20 | 181.87 | 0.53% | Life Insurance | 18,194.02 | -25.61 | -0.14% | General Financial | 2,111.67 | -13.45 | -0.63% | Technology | 26,137.82 | 240.44 | 0.93% | SHARIAH TOP40 | 3,139.30 | -24 | -0.76% | FTSE/JSE SHARIAH ALL | 3,211.61 | -21 | -0.66% | COAL MINING | 23,745.40 | -134 | -0.56% | FTSE JSE Fledgling | 4,892.19 | -2 | -0.04% | FTSE/JSE Alt X | 1,221.08 | 5 | 0.40% | SA LISTED PROPERTY | 396.15 | | -0.03% | CAPPED PROPERTY | 321.09 | | -0.20% | RESOURCE | 29,693.97 | -147 | -0.49% | DIVIDEND PLUS | 181.39 | -0 | -0.03% | FTSE/JSE RAFI 40 | 6,831.44 | -36 | -0.53% | Capped Top 40 | 15,388.99 | -112 | -0.72% | Capped All Share | 16,585.10 | -99 | -0.59% | JSE TABACO | 4,777.79 | -80 | -1.65% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | SAB | SABMILLER PLC | HOLD | 06 Jan | MTN | MTN GROUP LIMITED | BUY | 06 Jan | OML | OLD MUTUAL PLC | BUY | 06 Jan | CFR | COMPAGNIE FIN RICHEMONT | HOLD | 05 Jan | REM | REMGRO LIMITED | BUY | 04 Jan |
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Results Expected** Expected | Company Name | Fin. Date | 13 Jan 2012 | MAS | November 2011 (Q) | 13 Jan 2012 | TELEMASTR | September 2012 (Final) | 18 Jan 2012 | FORBES | November 2011 (Q) | 19 Jan 2012 | ELLIES | October 2011 (Interim) | 19 Jan 2012 | FIURANIUM | December 2011 (Q) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | REUNERT5.5 | 12-01-06 | 12-01-20 | 12-01-30 | R 0.0550 | AFPREFINV | 12-01-06 | 12-01-20 | 12-01-30 | R 0.2518 | TELEMASTR | 11-12-21 | 12-01-13 | 12-01-23 | R 0.0100 | NAMPAK 6.5 | 11-12-08 | 12-01-20 | 12-01-30 | R 0.0650 | NAMPAK 6%P | 11-12-08 | 12-01-20 | 12-01-30 | R 0.0600 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | TIGBRANDS | 11-11-23 | 12-01-06 | 12-01-16 | R 5.1000 | OCEANA | 11-11-10 | 12-01-06 | 12-01-16 | R 1.8300 | ADCOCK | 11-11-22 | 12-01-06 | 12-01-16 | R 1.0600 | BARWORLD | 11-11-14 | 12-01-06 | 12-01-16 | R 1.0500 | PPC | 11-11-08 | 12-01-06 | 12-01-16 | R 0.9500 |
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Upcoming AGMs** Code | Company Name | Date | Status | BCX | Business Connexion Group Ltd | 13/01/2012 | Unconfirmed | BCA | Business Connexion Group Ltd | 13/01/2012 | Unconfirmed | CLS | Clicks Group Ltd | 17/01/2012 | Confirmed | POY | Poynting Holdings Ltd | 18/01/2012 | Confirmed |
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