Market Commentary News Research  
Market Commentary
The Day Ahead for Thursday 17 April 2014

US markets ended their sessions stronger yesterday on the back of positive industrial production data and Yellen’s reassurances of the Fed’s accommodative stance to aid the economic recovery. The S&P500 closed 1.05% higher. Asian markets are currently trading in positive territory on the back of the week’s positive global economic data and Yellen’s reassurances, with the Hang Seng and the Nikkei edging higher by 0.23% and 0.24% respectively. Australia’s ASX is also firmer this morning, up 0.48% BHP Billiton is ahead by 0.34% while Rio Tinto is weaker by 0.33%. Traders can expect a marginally positive start to our local bourse this morning.

Market Commentary
Market Commentary for Wednesday 16 April 2014

Our market opened in positive territory on Wednesday morning on the back of positive global sentiment roused by China’s consensus-beating GDP data. Resources led on the upside in early trading, with the likes of Kumba Iron Ore and BHP Billiton gaining north of 1% at the open. The morning’s strong gains tapered as the day progressed. However, a strong start in US markets buoyed by better-than-expected industrial production data reversed the All Share’s slowdown in gains and pushed the market to a 0.73% firmer close. On the economic news front, February’s retail trade sales increased by 2.2% year-on-year in real terms, missing the range forecasted by economists. Retailers in textiles, clothing, footwear and leather goods were the main contributors to the overall growth in retail trade sales, growing by 10.4% as sector. General retailers and food and drug stores ended the day 0.74% and 0.39% firmer. On company-specific news, PSG published its results for the year ended 28 February 2014. The group recorded a 31% year-on-year increase in its sum-of-the-parts value per share. Dividends were increased by 20% as well. The firm closed 1.43% firmer. Total value traded for the day came in at R14.1-billion.

News Articles
imageattribute
Sina Weibo shares jump 19% in US debut
2014/04/20 05:28:36 PM

Sina Weibo, China's answer to Twitter, has debuted on the Nasdaq exchange with a 19.1% jump despite an IPO that went out undersubscribed.

More

imageattribute
US orange production hit by disease
2014/04/20 05:21:43 PM

A citrus disease spread by a tiny insect has devastated Florida's orange crop and sent juice prices soaring on New York markets.

More

imageattribute
Handling a diverse workplace
2014/04/20 05:07:23 PM

It’s hard to understand how unconscious privilege works, says Mandi Smallhorne.

More

imageattribute
Negotiating a diverse workplace
2014/04/20 05:03:19 PM

It’s hard to understand how unconscious privilege works, says Mandi Smallhorne.

More

imageattribute
Airbnb rental site raises $450m
2014/04/20 04:04:31 PM

Online lodging listings website Airbnb has inked a $450m funding deal with investors, says a source close to the matter.

More

imageattribute
Easter no mini retail Christmas due to strike
2014/04/20 04:00:19 PM

Usually, the Easter weekend is like a mini Christmas for retail sales, but due to the long platinum strike an economic tragedy is unfolding, say retailers.

More

imageattribute
US delays decision on oil pipeline
2014/04/20 03:53:04 PM

The US has indefinitely extended the review process for a controversial Canada-to-US oil pipeline, potentially delaying a final decision.

More

imageattribute
Android gains, basic phones almost extinct
2014/04/20 03:48:03 PM

The Google Android platform has grabbed the majority of mobile phones in the US market in early 2014, as consumers all but abandoned non-smartphone handsets.

More

imageattribute
SA firms looking for trade in Zim
2014/04/20 03:01:47 PM

A number of South African firms are heading to Zimbabwe in the hope of finding new ideas and increased regional and international trade.

More

imageattribute
Robot ready for deep sea mining to start
2014/04/20 02:21:12 PM

The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea.

More

imageattribute
Change or showy illusion?
2014/04/20 02:00:05 PM

Equatorial Guinea aims to be a welcoming business destination.

More

imageattribute
Tsogo's Silverstar getting a facelift
2014/04/20 12:21:39 PM

Silverstar, Tsogo Sun’s casino and entertainment destination in Mogale City on the West Rand, is currently undergoing a R560m expansion.

More

imageattribute
Spaza shops suffer as big retail rolls in
2014/04/20 11:53:26 AM

More and more owners of spaza shops barely manage to keep afloat as more of their customers head elsewhere.

More

imageattribute
End in sight for costly platinum strike
2014/04/18 10:18:21 AM

Platinum producers have made a new wage offer in a bid to end a three-month strike at their mines that has hit 40% of global output of the industrial metal.

More

imageattribute
Minister cheers social grant ruling
2014/04/18 09:58:08 AM

The social development minister says a ruling that social grant payments must continue shows the courts understand the role of grants in the lives of vulnerable people.

More

imageattribute
Microsoft reports strong sales of XBox One
2014/04/18 08:44:35 AM

Microsoft says it it has sold more than five million XBox One consoles since they were launched in November.

More

imageattribute
ANC on the defensive
2014/04/18 07:35:26 AM

The fallout from Nkandlagate just won't die down, says Mzwandile Jacks.

More

imageattribute
Inside Labour: Hard times ahead for ANC
2014/04/18 07:29:46 AM

The road beyond the electoral speed hump could be rocky indeed, says Terry Bell.

More

imageattribute
Fresh pay offer on the table for Amcu
2014/04/18 05:30:01 AM

Amcu has been urged to accept a new wage offer for an increase of up to 10%, which allows entry level underground miners to get R12 500 per month by July 2017.

More

imageattribute
ANC backtracks on employment equity clause
2014/04/17 09:56:15 PM

The ANC has made a submission to amend a controversial clause in draft employment equity regulations, says Western Cape leader Marius Fransman.

More

DLT
Heads up: Delta Property Fund Private Placement
2014/04/15

.....

More

GRT
Heads up: Growthpoint acquires units in Acucap and Sycom
2014/04/15

.....

More

SYC
Heads up: Growthpoint acquires units in Acucap and Sycom
2014/04/15

.....

More

ACP
Heads up: Growthpoint acquires units in Acucap and Sycom
2014/04/15

.....

More

PIK
Heads up: Pick n Pay Stores - FY14 results review
2014/04/15

.....

More

CIL
Heads up: Consolidated Infrastructure Group Limited (CIL) 1H2014 results
2014/04/14

.....

More

ITU
Heads up: Intu Properties Plc scrip dividend alternative
2014/04/11

.....

More

ZED
Heads up: Zeder FY14 results - upgrade to BUY
2014/04/10

.....

More

FPT
Heads up: Fountainhead Property Trust 1H14 results & potential Redefine merger
2014/04/10

.....

More

ITU
Heads up: Intu Properties Plc- Rights Issue
2014/04/03

.....

More

Charts Indices Currencies Metals & Brent Oil Gainers & Losers
CHARTS
International Indices
Name Value Move
DJ Ind.  16,408.54   0.00  0.0%
DJ Trans  7,634.42   0.00  0.0%
NASDAQ  3,999.73   -95.79  -2.3%
NYSE S and P500 INDEX  1,864.85   2.54  0.1%
FTSE 100  6,625.25   41.08  0.6%
XETRA DAX INDEX  6,271.85   -81.89  -1.3%
DAX INDEX  9,409.71   0.00  0.0%
HONG KONG HANG SENG INDEX  22,760.24   0.00  0.0%
NIKKEI 225 INDEX  14,516.27   98.74  0.7%
No Data at Present
Currencies
Name Value Move
ZAR/ / AUD  9.78   0.00 0.0%
ZAR/ / CHF  11.94   -0.02 -0.2%
USD/ / EUR  1.38   0.00 0.0%
ZAR/ / EUR  14.49   -0.09 -0.6%
USD/ / GB  1.68   0.00 0.0%
ZAR/ / GBP  17.57   -0.13 -0.7%
YEN/ / ZAR  9.81   9.71 9,521.1%
JPY/ / USD  102.43   0.04 0.0%
ZAR/ / USD  10.49   -0.06 -0.6%
Precious Metals & Brent Oil
Name Value Move
Brent Oil  109.53   -0.23 -0.2%
Palladium  794.00   -5.10 -0.6%
Platinum  1,404.50   -3.50 -0.2%
Silver  19.63   0.02 0.1%
Gold  1,294.80   0.45 0.0%
Top 5 Gainers -- Delayed
Randgold & Expl Co Ltd  43.9
Alert Steel Holdings L  32.0
SABLE PLATINUM LTD  31.9
CENMAG HOLDINGS LTD  22.0
Wilderness Holdings Lt  14.3
Top 5 Losers -- Delayed
Nutritional Holdings L  -50.0
Chrometco Ltd  -9.1
Seardel Inv Corp Ltd  -8.2
WG Wearne Ltd  -6.7
The Waterberg Coal Co  -6.2

PRICES (15 minute delay)

Barloworld Ltd : BAW 11500  -191 | Db x-trackers FTSE 100 : DBXUK 11699  39 | PSG Group Ltd : PSG 9840  22 | Capped Shariah Top 40 : J141 4057  20 | Forestry & Paper : FORE 13955  342 |

SENS (15 minute delay)