The JSE ended slightly lower as gold shares lost ground, but platinum stocks bucked the trend to end higher.
A London-based metals analyst told I-Net Bridge fears still lingered of longer-than-expected wage talks, which raised the spectre of lower production and higher prices.
The all share index ended 0.26% lower. Resources fell 0.43%, the gold mining index was down 1.14% but the platinum mining index gained 2.29%.
Industrials fell 0.18% and financials shed 0.21%, but banks gained 0.45%.
The rand was bid at 7.08 to the US dollar, unchanged from when the JSE closed yesterday, while gold was quoted at US657.65 a troy ounce from $656.25 at the JSE's last close.
"There was no clear-cut path for the market after Asia and most European markets traded flat," a Johannesburg-based trader said.
But platinum stocks bucked the weaker tone on the local market.
London-based metals analyst from TheBullionDesk.com, James Moore, told I-Net Bridge that he felt platinum stocks may struggle to go higher but were not likely to go much lower at the moment either.
He explained that the current increase in stock prices was due to supply concerns in a tight market.
"The focus on the market at the moment is the wages issue," he said.
"There is only a small surplus forecast for platinum and if we lose a couple of days it starts pushing it the other way," concluded Moore.
Moore also pointed to the recent shutdown announcement by Anglo Platinum.
Anglo Platinum said today that it would shut down its Rustenburg operations for seven days to implement measures to address concerns associated with safety of employees. As a direct result of this intervention Anglo Platinum said it expects production in 2007 to reduce by between 10,000 and 15,000 ounces of refined platinum and the proportionate reduction of associated by-products produced.
Shares in Anglo Platinum (AMS) ended 2.81%, or 35 rand, higher at 1,280 rand. Impala Platinum (IMP) was up 2.05%, or 4.79 rand, to 238.79 rand and Lonmin (LON) was up 1.35%, or 7.91 rand, to 591.76 rand.
Heavyweight resource stocks were mixed. Anglo American was down 2.25%, or 9.98 rand, to 433.02 rand while BHP Billiton (BIL) was up 1.70 rand to 193.20 rand.
Paper maker Sappi (SAP) was off 1.14%, or 1.60 rand, to 138.50 rand and petrochemicals group Sasol (SOL) was 1.90 rand softer at 268.05 rand.
Among gold counters, Anglogold Ashanti (ANG) gave up 1.62%, or 4.70 rand, to 286.30 rand and Gold Fields (GFI) weakened 1.08%, or 1.25 rand, to 114.50 rand.
Banks were mixed with Firstrand (FSR) improving 29 cents after saying that it would buy the housing loan book of transport parastatal Transnet for 1.4 billion rand.
Standard Bank (SBK) was up 68 cents to 106.79 rand but Nedbank (NED) was down 1.64%, or 2.39 rand, to 143.01 rand.
Industrial investment group Remgro (REM) fell 90 cents to 186.70 rand. It said late yesterday that it has lifted headline earnings per share by 37.4% to 1,445.4 cents per share for the year ended March.
Fully diluted HEPS increased from 1,027.7 cents to 1,401.3 cents.
I-Net Bridge
e martë, 19 qershor 2007
CFD Trading Investment - JSE Report
The JSE ended slightly lower as gold shares lost ground, but platinum stocks bucked the trend to end higher.
A London-based metals analyst told I-Net Bridge fears still lingered of longer-than-expected wage talks, which raised the spectre of lower production and higher prices.
The all share index ended 0.26% lower. Resources fell 0.43%, the gold mining index was down 1.14% but the platinum mining index gained 2.29%.
Industrials fell 0.18% and financials shed 0.21%, but banks gained 0.45%.
The rand was bid at 7.08 to the US dollar, unchanged from when the JSE closed yesterday, while gold was quoted at US657.65 a troy ounce from $656.25 at the JSE's last close.
"There was no clear-cut path for the market after Asia and most European markets traded flat," a Johannesburg-based trader said.
But platinum stocks bucked the weaker tone on the local market.
London-based metals analyst from TheBullionDesk.com, James Moore, told I-Net Bridge that he felt platinum stocks may struggle to go higher but were not likely to go much lower at the moment either.
He explained that the current increase in stock prices was due to supply concerns in a tight market.
"The focus on the market at the moment is the wages issue," he said.
"There is only a small surplus forecast for platinum and if we lose a couple of days it starts pushing it the other way," concluded Moore.
Moore also pointed to the recent shutdown announcement by Anglo Platinum.
Anglo Platinum said today that it would shut down its Rustenburg operations for seven days to implement measures to address concerns associated with safety of employees. As a direct result of this intervention Anglo Platinum said it expects production in 2007 to reduce by between 10,000 and 15,000 ounces of refined platinum and the proportionate reduction of associated by-products produced.
Shares in Anglo Platinum (AMS) ended 2.81%, or 35 rand, higher at 1,280 rand. Impala Platinum (IMP) was up 2.05%, or 4.79 rand, to 238.79 rand and Lonmin (LON) was up 1.35%, or 7.91 rand, to 591.76 rand.
Heavyweight resource stocks were mixed. Anglo American was down 2.25%, or 9.98 rand, to 433.02 rand while BHP Billiton (BIL) was up 1.70 rand to 193.20 rand.
Paper maker Sappi (SAP) was off 1.14%, or 1.60 rand, to 138.50 rand and petrochemicals group Sasol (SOL) was 1.90 rand softer at 268.05 rand.
Among gold counters, Anglogold Ashanti (ANG) gave up 1.62%, or 4.70 rand, to 286.30 rand and Gold Fields (GFI) weakened 1.08%, or 1.25 rand, to 114.50 rand.
Banks were mixed with Firstrand (FSR) improving 29 cents after saying that it would buy the housing loan book of transport parastatal Transnet for 1.4 billion rand.
Standard Bank (SBK) was up 68 cents to 106.79 rand but Nedbank (NED) was down 1.64%, or 2.39 rand, to 143.01 rand.
Industrial investment group Remgro (REM) fell 90 cents to 186.70 rand. It said late yesterday that it has lifted headline earnings per share by 37.4% to 1,445.4 cents per share for the year ended March.
Fully diluted HEPS increased from 1,027.7 cents to 1,401.3 cents.
I-Net Bridge
A London-based metals analyst told I-Net Bridge fears still lingered of longer-than-expected wage talks, which raised the spectre of lower production and higher prices.
The all share index ended 0.26% lower. Resources fell 0.43%, the gold mining index was down 1.14% but the platinum mining index gained 2.29%.
Industrials fell 0.18% and financials shed 0.21%, but banks gained 0.45%.
The rand was bid at 7.08 to the US dollar, unchanged from when the JSE closed yesterday, while gold was quoted at US657.65 a troy ounce from $656.25 at the JSE's last close.
"There was no clear-cut path for the market after Asia and most European markets traded flat," a Johannesburg-based trader said.
But platinum stocks bucked the weaker tone on the local market.
London-based metals analyst from TheBullionDesk.com, James Moore, told I-Net Bridge that he felt platinum stocks may struggle to go higher but were not likely to go much lower at the moment either.
He explained that the current increase in stock prices was due to supply concerns in a tight market.
"The focus on the market at the moment is the wages issue," he said.
"There is only a small surplus forecast for platinum and if we lose a couple of days it starts pushing it the other way," concluded Moore.
Moore also pointed to the recent shutdown announcement by Anglo Platinum.
Anglo Platinum said today that it would shut down its Rustenburg operations for seven days to implement measures to address concerns associated with safety of employees. As a direct result of this intervention Anglo Platinum said it expects production in 2007 to reduce by between 10,000 and 15,000 ounces of refined platinum and the proportionate reduction of associated by-products produced.
Shares in Anglo Platinum (AMS) ended 2.81%, or 35 rand, higher at 1,280 rand. Impala Platinum (IMP) was up 2.05%, or 4.79 rand, to 238.79 rand and Lonmin (LON) was up 1.35%, or 7.91 rand, to 591.76 rand.
Heavyweight resource stocks were mixed. Anglo American was down 2.25%, or 9.98 rand, to 433.02 rand while BHP Billiton (BIL) was up 1.70 rand to 193.20 rand.
Paper maker Sappi (SAP) was off 1.14%, or 1.60 rand, to 138.50 rand and petrochemicals group Sasol (SOL) was 1.90 rand softer at 268.05 rand.
Among gold counters, Anglogold Ashanti (ANG) gave up 1.62%, or 4.70 rand, to 286.30 rand and Gold Fields (GFI) weakened 1.08%, or 1.25 rand, to 114.50 rand.
Banks were mixed with Firstrand (FSR) improving 29 cents after saying that it would buy the housing loan book of transport parastatal Transnet for 1.4 billion rand.
Standard Bank (SBK) was up 68 cents to 106.79 rand but Nedbank (NED) was down 1.64%, or 2.39 rand, to 143.01 rand.
Industrial investment group Remgro (REM) fell 90 cents to 186.70 rand. It said late yesterday that it has lifted headline earnings per share by 37.4% to 1,445.4 cents per share for the year ended March.
Fully diluted HEPS increased from 1,027.7 cents to 1,401.3 cents.
I-Net Bridge
e hënë, 18 qershor 2007
"BANK IT!!" buddies
Whooooo...it's great to be back in the sea again. After 2 weeks of "light duty" I went to to the beach at 6.45am to resume my morning swim. It was great to see Babs at his usual spot fishing with a couple of mates. "Where you been uncle" he shouted to me, and then launched into a tale of the 3.5kg Stumpy he caught last week. "You missed it Mitch, should have seen it's big teeth! I fed the the whole neighbourhood!" What a fellow he is, out before the sun,king of the beach, living it. He's an old hand at "BANK IT!!"
The water was very warm, disappointingly so as we need temperatures below 18 degrees celcius for the sardine run to really get to us in any big numbers. I have been reading Roger's BLOG with interest, the sardines are moving up, the pictures are incredible!
Are you in the race?
I watched the Comrades Marathon on TV today - an unbelievable achievement by Leonid Shvetsov of Russia, who set a new mark of five hours, 20 minutes and 49 seconds in winning the down run. He bettered the 21-year-old record of the great Bruce Fordyce, who set a mark of 5:24:07 set in 1986.
After the finish I heard KZN Premier Mr Sbusiso Ndebele in an interview. He made good sense...3 things struck me from his speech
- just start the race
- keep going in the race
- finish the race
Whether on the road on in your life, you have got to get into the race if you want to succeed. And so I challenge you...are you in the race
There is a great story about a Lion and a Gazelle at www.big5photosafari.com...
CFD Investment Trading - JSE Report
Dear Clients,
The JSE ended flat after a volatile session ahead of the futures closeout on Thursday, with some investors snatching profits after Friday's record run.
The all share index ended up just 0.02%. Resources were 0.06% higher, the platinum mining index climbed 2.31% but the gold mining index was off 0.10%.
Industrials added 0.28%, but banks and financials lost 0.74% and 0.56% respectively.
The rand was bid at 7.08 to the US dollar from 7.11 when the JSE closed on Friday, while gold was quoted at US656.25 a troy ounce from $654.10 at the JSE's last close.
"It's been unstable. We opened very strong after Asian markets closed at record highs this morning but around noon we started flattening in line with European markets," said Lavan Gopaul, a trader at Cortex Securities.
He added although overall trading was quiet due to a lack of fresh corporate and economic news, blue chip stocks featured ahead of the futures closeout on Thursday.
Gopaul further noted selective profit-taking after the market's record performance on Friday.
On the resources index, Anglo American (AGL) was off two rand to 443 rand and BHP Billiton (BIL) fell 1.18%, or 2.28 rand, to 191.50 rand.
It was reported today that the Melbourne-based resource group is considering a new $40 billion bid for UK-based aluminum producer Alcoa but BHP Billiton declined to comment.
"We are always looking at our portfolio of assets and analysing opportunities, but we don't comment on market speculation," Bronwen Wilkinson, BHP Billiton's South African spokesperson, told I-Net Bridge.
Highveld Steel (HVL) surged 2.50%, or 2.20 rand, to 90.20 rand after saying that that it expects its headline and basic earnings per share for the interim period ending June to be between 55% and 65% higher than that for the same time last year.
Platinum miner Anglo Platinum (AMS) climbed 2.05%, or 25 rand, to 1,245 rand. It said earlier that it would be suspending underground production at its Rustenburg Platinum Mine's Rustenburg section for about seven days to implement measures to address concerns associated with the safety of employees.
Impala Platinum (IMP) soared 3.085, or seven rand, to 234 rand.
Among gold counters, Anglogold Ashanti (ANG) inched up 75 cents to 291 rand but Gold Fields (GFI) shed 1.25%, or 1.46 rand, to 115.75 rand.
Diversified mining group Metorex (MTX) was 3.40%, or 90 cents, stronger at 27.40 rand. It said earlier that it was in talks, which might affect its share price.
Heavyweight industrial group Barloworld (BAW) shed 1.50%, or three rand, to 197 rand but investment group Remgro (REM) was up 1.10 rand to 187.60 rand.
Among banks and financials, Standard Bank (SBK) gave up 40 cents to 106.11 rand but Absa (ASA) firmed 20 cents to 139.10 rand.
Life insurer Old Mutual (OML) retreated 18 cents to 25.01 rand but Sanlam (SLM) gained 10 cents to 23.10 rand.
I-Net Bridge
Notice:
Please remember to book a seat for the weekly seminars at www.iquotetrading.co.za. These seminars are for your benefit.
Regards,
Paul Venter (CM,Dip(Man),MBA)e shtunë, 16 qershor 2007
CFD Investment Trading - Hold the line
I must say I started to doubt my strategy of holding small positions with no stop losses when my Investec stock dropped to a 12% loss.I had hovered between 5% and 10% for about 10 days, and with no recovery in sight I was thinking of selling out at the loss, and using my free margin in other shares. But I thought back to a saying Roger and I use..."Hold the line!"
The saying is used by cyclists, while when riding in a bunch, if they see a fellow cyclist starting to waver and lose his riding line (which could be disastrous for every one riding), shout "hold the line!"
I held firm, and at Friday's market close my net position in Investec was around a 3% loss! The question I now ask myself is how flexible should I be..?? Should I "hold the line" (this could take months to beak even, or bail out now and employ the capital better?)
I think I will do a combination of both...by putting in a trailing stop loss in case the market bottoms out again, and leave the position open, allowing it to increase in value.
The saying is used by cyclists, while when riding in a bunch, if they see a fellow cyclist starting to waver and lose his riding line (which could be disastrous for every one riding), shout "hold the line!"
I held firm, and at Friday's market close my net position in Investec was around a 3% loss! The question I now ask myself is how flexible should I be..?? Should I "hold the line" (this could take months to beak even, or bail out now and employ the capital better?)
I think I will do a combination of both...by putting in a trailing stop loss in case the market bottoms out again, and leave the position open, allowing it to increase in value.
e enjte, 14 qershor 2007
CFD Investment trading - JSE Report
The JSE ended sharply higher, buoyed by rising overseas markets with a strong opening on Wall Street encouraging local investors to push the bourse a few points away from the 29,000 level.
The all share index ended 1.35% higher at 28,988 points. Resources added 1.13%, while the gold and platinum mining indices were up 0.17% and 2.12% respectively. Industrials improved 1.32%, financials picked up 1.86% and banks surged 2.79%.
The rand was bid at 7.16 to the US dollar from 7.23 when the JSE closed yesterday, while gold was quoted at US651.10 a troy ounce from $651.05 at the JSE's last close.
"We opened in positive note with most stocks in a recovery mode after traders overreacted on the downside," said Lavan Gopaul, a trader at Cortex Securities.
He added that a positive opening in New York, after the US released fairly contained producer price inflation, spurred local investors to buy more local stocks. Although the US May PPI rose by 0.9% - above an expected 0.6% increase - Gopaul said while fuel was the major contributor, prices for other items were largely tame.
Fixed line phone operator Telkom (TKG) featured on the upside on vague talks that it might sell its 50% stake in cellular phone operator Vodacom.
Shares in Telkom closed 3.13%, or 5.40 rand, higher at 178 rand.
Business media reported this morning that Telkom and Vodacom were sending out signals that they might part ways.
Cellular phone operator MTN Group (MTN) was up 50 cents to 98.50 rand.
Media group Naspers (NPN) gained 2.65%, or 4.75 rand, to 183.80 rand. It said earlier that it expects core headline earnings per share for the year ended March to be between 25% and 35% higher than last year's restated 714 cents.
On the resources index, Anglo American (AGL) fell 75 cents to 432.75 rand but BHP Billiton (BIL) advanced 1.74%, or 3.30 rand, to a fresh closing high of 192.99 rand. The counter earlier touched a trading high of 193.72 rand.
Junior resource group African Rainbow Minerals (ARI) surged 3.12%, or 4.05 rand, to 134 rand.
Pulp and paper producer Sappi (SAP) climbed 3.45%, or 4.51 rand, to 135.25 rand and synthetic fuels maker Sasol (SOL) picked up 3.47%, or 8.60 rand, to 256.50 rand.
Among gold counters Anglogold Ashanti (ANG) gave up 15 cents to 291.60 rand but Gold Fields (GFI) was up 70 cents to 115.80 rand and Harmony (HAR) inched up 30 cents to 97.30 rand.
Leading platinum stocks also advanced, with Anglo Platinum (AMS) gaining 1.09%, or 13 rand, to 1,202 rand and Impala Platinum soaring 3.09%, or 671 rand, to 224.20 rand.
Industrial investment group Remgro (REM) was up 2.20%, or 3.99 rand, to 184.99 rand, brewer SABMiller (SAB) picked up 2.28 rand to 173.90 rand and Barloworld (BAW) strengthened 2.81%, or 5.50 rand, to 201.50 rand.
Among banks, Standard Bank (SBK) was 3.10%, or 3.20 rand, better at 106.50 rand and Firstrand (FSR) rose 3.22%, or 74 cents, to 23.74 rand.
I-Net Bridgee mërkurë, 13 qershor 2007
CFD Trading Investment - 10 % down
With the banks coming under pressure this week I have a couple of shares I bought 2 weeks ago that have been hammered. The Investec stock I bought has dropped by 10%, a huge drop when I am trying to make between 2-3%. What does this mean? Ok, if I put R1000 rand as a margin into the stock, the daily profit or loss (in this case a loss) has dropped to equal my margin amount i.e. R1000. Is this a train smash? Well not really, as I have only got 10% of my entire trading float in this share, so I can afford to hold it (for 2 months if necessary) until the stock recovers. It may not recover fully, but I have a chance of recovery whereas if I had a stop loss in place I would be out of the stock, with no chance of recovering my loss. I am only doing this because I have a very small amount invested in the stock, and won't lose my shirt on the trade.
This is how the trade went. I bought the share for 9800, putting a 2% take profit onto the trade, and no stop loss. The share started dropping as soon as I bought it (typical!) If I had put a 3% stock loss I would have sold the stock when it plummeted through 9506 . It keep up it's free fall, right to 9000. I was reeling, over 10% down. But I hung in and slowly it's started a recovery. I am hoping that it will get back to my buying price, and then I'll get out.
The only question is ...can I employ that capital better somewhere else and make up the losses faster??
CFD Trading Investment Executive
CFD's are becoming more and more popular, I suppose as the ordinary investor wants a product that is simple to use as a stock trading option. The one big reason is that there is no minimum amount needed for you to hold in your trading account before starting to trade. There is also no fixed time period like with Futures, you can literally get in and out of a trade in a day. But beware, and stick to the Golden Rules...
This article shows CFD's coming to Canada and what they mean for the Canadian investor
Investment Executive
This article shows CFD's coming to Canada and what they mean for the Canadian investor
Investment Executive
CFD Tutorial: Great CFD Trading Tips To Improve Your CFD Trading Skills Immensely
I've just read a great article from my CFD Investment feed (feeds all relevant articles to my email automatically- an awesome tool!) which runs through the mechanics of a CFD trade, working out profit, interest paid and your cost in the trade. It's worth a read. http://www.thecfdtrader.com/cfd-trading-tutorial.php
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