Mid-week snapshot

on . Posted in Investment general

The JSE closed 0.42% higher on Tuesday 30th July, helped by Naspers and MTN while mining shares consolidated after a recent rally.

  • Growth in credit demand from South Africa's private sector slowed to 8.91% for the year-on-year in June from 9.05% in May; with expectations if a further slow in growth to 8.75%.
  • The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) increased by 1.2 points to 51.6 in June. The index has been steady above the key 50-point mark for three consecutive months.
    • The improvement in the headline figure is mainly due to the two largest weighted subcomponents of the PMI, business activity and new sales orders.
  • May 2013 to June 2013 the PPI for exported commodities increased by 1,7%, due mainly to transport and mining and quarrying.
  • The annual percentage change in the PPI for final manufactured goods was 5,9% in June 2013. From May 2013 to June 2013 the PPI for final manufactured goods increased by 0,8%

Anglo American Plc - Half year financial report for the 6 months ended 30 June 2013 (summary)

  • Their underlying earnings for the first half of 2013 were $1.3 billion, 28% lower than for the same period in 2012 with an underlying operating profit of $3.3 billion, down 15% from $3.8 billion.
  • An interim dividend of 32 US cents per share has been declared. The dividend in rands is R3.12512, giving a net dividend of R2.65635 after the dividend without tax.

Howden African Holdings Ltd - Trading Update 

  • Expected earnings per share and headline earnings per share to be in the range of 148.00 cents and 174.00 cents for the 6 months ended 30 June 2013, an improvement from 130.60 cents from the six months ended 30 June 2012.
  • Their financial results are to be published on the 30th August 2013

Forthcoming dividends:

  • Kumba Iron Ore Ltd – LDT, 8th August (Pay      Date, 19th August)
    • Paying R20.10
    • SABMiller PLC – LDT, 8th August (Pay Date, 23rd August)
    • Paying R 6.05
  • Hudaco Industries Ltd – LDT, 8th August (Pay Date, 19th August)
    • Paying R 1.55
  • Investec Plc. – LDT, 26th July (Pay Date, 12th August)
    • Paying R1.15
  • Investec Ltd – LDT, 26th July (Pay Date, 12th August)
    • Paying R1.44
  • Anglo American Plc – LDT, 8th August
  • - Paying: Cash option, 12th September - R2.65635
  •                                                      Share option, 19th September - Ratio TBA


Tradewise Report

on . Posted in Investment general

The Nikkei Index slipped lower on Wednesday, with investors moving to the side lines ahead of the U.S. Federal Reserve policy meeting, while shares such as Fuji Heavy Industries Ltd disappointed the market.

Chinese markets are expected to end July in positive territory, supported by the property sector after China's politburo declared more official tolerance towards increases in home prices.

According to Reuters, European markets are expected to edge slightly lower at the open on Wednesday with investors cautious ahead of the U.S. Federal Reserve's policy announcement later tonight.

Reuters reports that the technology heavy NASDAQ Composite index gained on Tuesday, lifted by advances in the share price of Facebook, which surged 6.2% higher to close at $37.63, near to its listing price of $38, on the back of excellent quarterly results released last Wednesday.

Business Day reports that Naspers, the media conglomerate and telecommunications group, MTN Group helped the JSE close higher on Tuesday, while mining shares consolidated after a recent rally, but banking group ABSA suffered heavily on its interim results that disappointed the market.

The Rand was last trading slightly lower at R9.8546 against the Dollar, weaker at R13.0760 against the Euro, but firmer at R14.9580 against the British Pound.

The gold price has risen in Asian trade on Wednesday, lifted by month-end fund purchases, as well as on hopes that the easy monetary policies from central banks will continue for a bit longer. Gold was last trading at $1 331.40, with the platinum price quoted at $1 440.00, while the palladium price was at $733.90.

Brent crude oil was last trading lower at $106.64 a barrel.

Traders Corner

on . Posted in News Flash

  • The S&P500  rose, as investors analysed corporate earnings and awaited results from the Federal Reserve’s two-day meeting.
  • Most Japan stocks fell at the peak of earnings season as the yen traded near a one-month high to the dollar before a Federal Reserve policy decision.
  • China’s stocks rose as real-estate developers, cement companies and household-appliance makers rallied on speculation the government may loosen property curbs.
  • Hong Kong stocks swung between gains and losses after Chinese policy makers pledged to stabilize growth and as investors awaited the outcome of the Fed’s policy meeting.
  • Gold up $7 and the rand 3 cents weaker from the local close.
  • Major economic data today:

-          11:00: Unemployment rate - Euro

-          11:00: CPI - Euro

-          13:00: Mortgage applications - US

-          14:00: Trade balance - SA

-          14:30: GDP - US

-          20:00: Rate decision - US

  • The local market should up +0.2% as commodities rose overnight.