Mid-week snapshot:

on . Posted in Basics of Investing

The JSE closed firmer on Tuesday, led higher by industrials shares, as the weaker Rand helped Rand hedge shares such as Richemont, while gold mining shares were the only sector to close in negative territory due to a softer gold price.

The Rand slipped against major currencies yesterday as worse than expected GDP data saw it fall to four-year lows.

  • The reserve bank governor, Gill Marcus, announced last week that the interest rate would remain unchanged at 5%. This decision was due to a weakening of the rand (5% since the last monetary policy committee meeting) and continuing unrest in the mining sector.
  • The headline CPI (for all urban areas) annual inflation rate in April 2013 was 5.9%. This rate was the same as the corresponding annual rate of 5.9% in March 2013. On average, prices increased by 0.4% between March 2013 and April 2013.
  • Stats SA released GDP figures for the 1st quarter 2013.
  • Real gross domestic product at market prices increased by 0,9 per cent quarter-on-quarter, seasonally adjusted and annualised
    • The mining and quarrying industry and finance, real estate and business services each contributed 0,7 of a percentage point based on growth of 14,6 per cent and 3,3 per cent respectively
    • General government services contributed 0,3 of a percentage point based on growth of 1,9 per cent
    • The wholesale, retail and motor trade and catering and accommodation industry and the transport, storage and communication industry each contributed 0,2 of a percentage point base on growth of 1,9 per cent and 2,2 per cent respectively
  • The unadjusted real GDP at market prices increased by 1,9 per cent year-on-year

The most notable performances of industries in the first quarter of 2013 compared with the first quarter of 2012 were as follows:

  • The agriculture, forestry and fishing industry increased by 4,0 per cent;
  • The mining and quarrying industry increased by 3,7 per cent;
  • General government services increased by 2,5 percent; and
  • Finance, real estate and business services increased by 2,4 per cent.

 

Forthcoming dividends:

  • Old Mutual – LDT, 19th April (Pay Date, 31st May)
    • Paying – R0.72
  • Pik n Pay Stores Ltd – LDT, 7th June (Pay Date, 18th June)
    • Paying – R0.69
  • Pik n Pay Holdings Ltd – LDT, 7th June (Pay Date, 18th June)
    • Paying – R0.34
  • Spar Group Ltd – LDT 31st May (Pay Date, 10th June)
    • Paying R1.79