The Business Times Share Guide and Financial Indicators are now available online.
You will need to install the Adobe Acrobat viewer (Version 3.0) in order use this resource.
Download Share Guide and Indicators [PDF 3kb]
A hiccup on Wall Street has an aftershock on Diagonal Street
A SNEEZE on Wall Street on Thursday night dictated a downward dip in the JSE's final direction in what had been an up-and-down week.
Gold was the beneficiary of a late sell-off, the Dow Jones industrial index losing 130 points in an hour. Jittery traders jumped into gold even though they would tend to scorn its safe-haven status most of the time.
Gold, which had been as low as $348,10, picked up to $352,50 and the JSE's all-gold index recovered a little on Friday after going steadily south of nothing but negative comment about its prospects. It closed the week $3 weaker than when it started.
The all-gold index dropped from 1 426 to 1 353 before clawing back 17 points on Friday. The rand showed more signs of retracing lost ground, and firmed another 4c to about 461,5c to the dollar. The yield on the R150 long bond moved from 15,56% to as low as 15,40% before giving back 10 points.
The all-share index shed almost 100 points on the week to 6 685 and the industrial index lost 67 to 8 043.
Sweets from Heaven ran as high as 300c, closing 30c up at 280c on news of a deal with CNA and a warning of more negotiations. Heaven is to raise R31,8-million in a rights issue which will give CNA a 25% stake.
Sasani traded by the 5-million daily, the price peaking at 138c before Friday's retreat to 118c.
In trade worth nearly R100-million, more than 21% of the equity of Tihold, pyramid of Tiger Wheel, changed hands at R12,30 in three deals. Just before Thursday's close there was unusually high volume including two big bookovers in Kirchmann-Hurry Props at 370c, now 385c. Automakers added 50c to 380c; the minority is to be bought out at 411c. Rareco, a would-be magnet-maker, added 10% to 176c after announcing that Randex had invested in the company at 120c a share. Rareco was barely 100c in November.
Supergroup warned that a due diligence exercise over a dollar-revenue earning company was under way. It later announced it had bought Performance, owner of Pirelli tyres, terms not disclosed, but another deal is still on. Supergroup added 62c to 664c on volumes averaging 100 000 a day.
Datatec added 70c to R17 after it bought 78,5% of Data Guardian for £5,4-million (R42-million), issuing shares at 1 100c. But Q Data shed 30c to R10,90 and shareholder Siltek 600c to R23 on fears that the groups could lose business to returning American principals. Q Data is worth about R20 in the Siltek share price, indicating that the drop has been overdone.
Hudaco lifted earnings 14% to 206c a share and the share price added 190c to R20,50. Dorbyl sold its DHE Products division for an undisclosed sum and added 50c to R52,50 on good volume.
Samrand scrapped talks with Shoredits, which announced it was talking elsewhere. Shoredits moved from last week's high of 150c to 25c before closing at 55c.
Advtech picked up more than 100c to 400c on a cautionary, but lifts company Otis shedded 130c to 550c on poor results.