Rand slips as Fitch also cuts SA to junk status

THE rand slipped after a second ratings agency, Fitch, downgraded the country’s credit status to junk on economic uncertainty after last week’s sacking of Pravin Gordhan as finance minister. Bank and resource stocks also yielded to that pressure.

By 1500 GMT (5pm local time) the rand was down 0.3% at 13.7975 per dollar, less of a fall than expected as the greenback wavered. The rand has fallen more than LIFEHC-N 115 +60 LIFEHC 2571 +41 MEDCLINO 6933 SUSP MEDCLIN 12039 +289 MDCN-N 1395 SUSP NETCARE 2445 -40 ADCOCK 6040 +240 ASCENDIS 2300 -30 ASCENDISN 129 SUSP ASPEN 28118 +118 LITHA 193 SUSP GILBI 1557. CLICKS 12950 +202 CHOPPIES 325 -29 Dis-Chem 2190 GoldBrand 75 PICKNPAY 6479 -91 SHOPRIT 19345 +17 SHPCB 10600 SUSP SPAR 17260 +160 AF-OVER 1500 AF-OVR6PP 1400 AFOVR-N 1104 MRPRICE 14871 +30 REXTRU-N 1250 REX-TRUE 1425 TASTE 191 -4 TFG 14680 -63 TRUWTHS 8397 +60 TASTE-N 1 SUSP HOLDSPORT 6050 +50 HOMCHOICE 3700 MASSMART 13492 +272 NICTUS 31 VERIMARK 60 WOOLIES 6988 +30 WHLN 1395 SUSP CASHBIL 35804 -696 ITLTILE 1294 -6 JDGROUP 1940 SUSP JDG CONV 84000 SUSP JDGRP-N 40 SUSP LEWIS 4125 -107 ADVTECH 1888 -27 ADVTECH-N 160 SUSP CURRO 4508 +9 PLGROUP 95 +5 CMH TIMES COMAIR CULLINAN 2045 AME 6500 NASPERSN 24100 -2099 2100 SUSP CAT 1160 CAXTON-P 19000 500 100 -12 -15 PHMN 375 SUSP PHUMELELA 2125 -5 SUNINT 7163 -5 TSOGO-SUN 2645 -25 CITYLDG 15276 +570 DON 6 SUSP FAMBRANDS14910 +261 SPURCORP 3184 -12 -5 WILDRNESS 700 TELKOM 11% since March 27, when President Jacob Zuma recalled Gordhan from an investor roadshow.

Fitch followed Standard & Poor’s and downgraded South Africa to junk, citing Gordhan’s dismissal as one reason. Following the downgrades, JP Morgan said it would drop SA from its investment-grade emerging market bond indexes by late April.

On the bourse, the benchmark Top-40 7211 +132 BLUETEL 1645 -51 MTN 12217 -13 Zakhele 5170 SUSP VODACOM 14788 +38 YeboYethu 5851 B-AFRICA 13891 +311 CAPITEC 71900 -100 FINBOND 300 Finbond-n 1 SUSP FIRSTRAND 4480 -10 NEDCOR 22573 -7 RMBH 5580 +5 STANBANK 13720 +73 SANTAM 24017 -83 ZURICHSA 25500 SUSP CLIENTELE 1630 -20 DISCOVERY12816 -40 DISCOV-N 3067 SUSP LIB-HOLD 9913 -84 MMIHLDGS 2169 -32 OLDMUTUAL 3275 +11 SANLAM 6514 +71 ADRENNA 52 ATT 1665 ACSION 680 BONATLA 7 SUSP BALWIN 720 -25 CAPCO 5369 +109 DELPROP 874 +5 POLSKPROP 1920 -30 -1 -15 FAIRVEST 190 FREEDOM 7 GLOBETRD 2900 INGENUITY 106 IAPF 1350 +20 IAP-N 1 SUSP MAS 2260 +20 MARADELTA 1585 NEPI 14484 +84 OCTODEC 2242 +22 ORION 50 PREMIUM 1719 SUSP PUTPROP 585 PUTPROP-N 2 SUSP REBOSIS-N 15 SUSP RIPLC 624 -16 ROCKCASTL 3229 -1 SABLE 235 SUSP STENPROP 1795 -4 TRADEH 1889 +39 PIVOTAL 1568 SUSP VUKILE 1820 ARROW-A ARROW-B CAPPROP EQUITES ACCELERAT 660 CAPREG 970 SUSP EMIRA 1371 +1 FORTRESSB 3270 -9 FPT 732 SUSP FORTRES-N 85 SUSP ITUN-N 1750 SUSP INTUPROP 4880 -28 RENERGEN 940 -135 SYCOM 2245 SUSP SYCR 2495 SUSP TOWER 792 +7 870 -1 668 SUSP 972 SUSP 1700 +35 -10 +13 HAMMERSON10040 -34 HYPROP 11797 -22 RESN 160 SUSP RESILIENT 11380 -18 SAFARI 720 +40 SAFARI-N 1 SUSP INDLU CML EFFICIENT EFF-N LONFIN ABLN 1035 ANNUITY 516 SUSP ASCEN_A 480 ASCEN_B 240 SUSP ACUCAP 3920 SUSP DIPULA-A 1055 +54 DIPULA-B 1235 FORTRESSA 1645 GEMPROPB 700 GEMPROPA 985 GROWPNT 2478 -29 INVPROP 1550 +2 INVPROP-N 1 SUSP Liberty2D 940 -45 REBOSIS 1225 +17 REDEFINE 1071 -3 SA-CORP 540 SA-CORPN 3 SUSP SEREIT 1821 +5 TEX 840 +1 TEX-N 1 SUSP VIVIDEND 489 SUSP HOSP-A 1650 SUSP HOSP-B 1400 +2 STOR-AGE 1110 +15 6100 440 30 800 +5 -7 SUSP 450 SUSP PHOENIX BRAIT CADIZ Gaia INVLTD INVPLC JSE PERGRIN PSG PSG-KST SASFIN SYGNIA STELLAR index fell 0.18% to 46,085 points, while the All-Share index dipped to 52,853 points.

The mining index fell 0.58% on the back of weaker iron ore prices, while the banking index fell 0.39% after the Fitch downgrade.

Among the biggest fallers, ArcelorMittal fell 7.30% to 9.65 rand, Kumba Iron Ore dropped to 214.65 and African Rainbow Minerals fell to 100.61. Losses were curbed by gains in gold miners’ shares. – Reuters 54 CAPITAL 88 CONDUIT 250 CONDUIT-N 26 DENEB 179 EPEE 870 GRANPRADE 370 HCI 14000 LONG4LIFE 673 RMIH 3999 TRANSCAP 1440 TRUSTCO 400 ZEDER 739 100 -5 SUSP -30 -3 -130 +73 -14 -11 +4 7808 +58 110 SUSP 865 9260 +80 9283 +86 12364 +42 2570 -81 22385 +235 750 -2 5583 -13 1469 -10 -4 ANDULELA 50 ALEXANDER 635 +13 BK-ONE-PR 10 SUSP BRIMST-N 1475 BRIMSTON 1425 Hulisani 950 NEWBOND 12 NIVEUS 3990 PALLINGHT 400 PBTGROUP 20 PURPLE 49 SUSP +1 +1 REINET 3098 +13 SABVEST-N 2400 SABVEST 2500 Stellar-n 1 TREMATON 265 ALVIVA MUSTEK Cognition AGLSBO ASHT40 ETFGLD ETFPLT ETFRHO ASHINF ASHMID 1995 460 140 FRK01 18179 KR-HALF 82000 KR-TENTH 17310 KR-QUARTE50000 KR 18311 79 SUSP +10 ADAPTIT 1114 +70 BCX-A-SH 92 SUSP BCX 557 SUSP COMPCLEAR 401 SUSP DCENTRIX 438 SUSP DATATEC 5700 +380 EOH 13150 -50 FARITEC 3 SUSP GIJN 1 SUSP JASCO 102 -1 JSCN 1 SUSP MORVEST 22 SUSP SECDATA 36 SUSP SQONE 10 SUSP -4 +10 SUSP 4609 -5 17325 +187 13199 +150 13888 -37 2049 773 +7 CTOP50 2083 -5 CSEW40 4870 +17 GLPROP 3360 +10 CGREEN 1993 +15 CSP500 3243 -5 DBEXX4 6444 DBNPNY 15913 SUSP TOPDWX 933 SUSP DBX-JAPAN 1122 +7 DBX-USA 3094 -46 DBX-WORLD 2556 +9 DBXEURO50 5165 -26 DBXFT100 12542 -58 DCCUSD 13284 +220 RAFISA 4677 RAFIFIN 3993 RAFIINDI 5321 RAFIRESI 3656 ECSP-A 0 ECSP-B 0 ECSP-C 0 DIVTRX 2763 +13 LVLTRX 2653 ESPIBN 17391 -1714 ESPIBR 11203 +8647 ESPIBO 12058 -4064 ESPIBM 11451 -9823 ESPIBL 10631 -1048 ESPIBK 13219 +3962 ESPIBY 11175 -7391 SOLIHL 10000 SUSP ESPIBQ 10205 -894 KCCGLD 92567 NEWGOLD 16634 +134 NEWFEQMOM 2970 NEWFNGOVI 5339 +29 NEWFNILBI 6519 -35 MAPPS_GRO 1952 -3 MAPPS_PRO 3414 -9 NEWSA 4641 +16 SHARIAH40 313 -3 GIVIND 6473 +3 NEWFNSWIX 1566 -2 NEWFTRACI 2182 -2 NEWPLAT 13124 +140 GIVFIN 3853 +10 GIVRES 4528 +33 GIVISA 4542 +8 NEWPALL 11009 +18 NRD 3801 SUSP PREFTRAX 902 -8 PROPXSAPY 6300 -18 PROPXTEN 2013 -2 SATRIX40 4617 -5 SATRIXDIV 214 +1 STXFIN 1443 +3 STXIND 6949 -13 SATRIXRAF 1270 -1 SATRIXRES 3508 -35 SOLSBA 1 SUSP SGI003 0 STPROP 6150 STANLIBSX 1027 STANLIB40 4604 SATRIXSWX 1030 STXILB 551 STXPRO 2150 UBOMLA -6 -1 -7 -1 +2 +3 SUSP BNPASI 63 ZA065 150 BNPEUR 65 -60 BNPUSA 62 -75 BNPWOR 62 -67 DBGAIN16 0 SUSP DBAFRI 10325 -52 DBCHIN 5928 -22 DBEMER 5654 -16 SBAGAUG2019451 +195 IBETN1 13891 GOLDEN 14708 +74 SWXTRI 16425 -16 TOPTRI 6427 -17 IBLVR1 11738 +22 IBLUSD 13837 -260 TOPCLI 11687 -25 NEWBCI 1 SUSP NEWEUR 1465 -9 NEWGBP 1711 -16 NEWPLT 13188 +138 NEWSLV 248 +1 NEWUSD 1380 -3 SBADAUG2029950 +72 SBAPAUG2010989 +116 SBACI 1249 +3 SBACOP 1374 -23 SBACRN 849 -9 SBAEI 896 +9 SBAOIL 1006 +5 SBAWHT 685 -9 SBASAUG2017282 +91 ZA001 0 SUSP ZA002 0 SUSP ZA003 0 SUSP -72 ZA007 ZA008 ZA009 ZA010 ZA012 ZA013 ZA014 ZA015 ZA017 ZA018 ZA020 ZA021 ZA022 ZA023 ZA024 ZA026 ZA027 ZA028 ZA029 ZA030 ZA031 ZA032 ZA033 ZA034 ZA035 ZA036 AdBEE ADEO GOGLOBAL RBAN 132 SUSP 0 SUSP 0 SUSP 0 SUSP 0 SUSP 0 SUSP 0 SUSP 0 SUSP 0 SUSP 0 SUSP 0 SUSP 0 SUSP 0 SUSP 0 SUSP 0 SUSP 0 SUSP 0 SUSP 0 SUSP 444 SUSP 518 SUSP 490 SUSP 569 SUSP 0 SUSP 0 SUSP 2 SUSP 0 4438 +63 505 -35 0 1 SUSP 1TIME 3 ACCENT 85 ACTOWERS 5 AFDAWN 71 AFEAGLE 5 AH-VEST 36 ALERT 38 SUSP ALLIANCE 215 SUSP ANSYS 115 +5 ADVHLTH 150 ADWN-N 1 ALARIS 213 ANCHOR 697 ASTORIA 1170 ATLEAF 1685 BWI 35 BEIGE 5 BIOSCI 1 BLUE 13 BRIKOR 9 BSI 35 BEIGE-N 1 CHEMSPEC 10 CHROMETCO 26 CSG 131 CSPP 10 ERBACON 10 GLOBAL 399 GOODERSON 55 SUSP GIY 0 SUSP GOLIFE 55 GREENBAY 154 SUSP SUSP SUSP SUSP +13 -3 +2 SUSP SUSP SUSP SUSP SUSP SUSP SUSP -3 -1 SUSP SUSP HUGE 900 HUGN 10 INTEWASTE 93 IPS 47 ISA 145 Imbali-n 1 INTHOTEL 1550 M-FITEC 1200 MINERESI 3 MONEYWEB 14 MUVONI 17 MLD 0 NEPI-NPL 249 SUSP NUTRITION 2 NVEST 201 FRONTIER 2150 NEWPARK 650 OASIS 2025 OSIRIS 1550 PINPOINT 1 PSV 39 QUANTUM 19 SUSP RARE 470 SUSP RARE-N 5 SUSP RBA 74 SUSP SACOVEN SUSP SHERBOURN 1 SUSP SILVERB 265 STRATCORP 2 SUSP SIRIUS 901 +10 DMCCB 22000 SUSP SVFB 0 SUSP SPEAR 960 TELEMASTR 70 BLACKSTAR 950 TCS 1 WCC 40 Transcend 700 UBUBELE 27 UPLE 1575 UBUN-N 1 VUNANI 180 VestIN 0 VISUAL 10 WEARNE 7 WILLTELL 9 WORKFORCE 223 -15 SUSP -7 SUSP +9 SUSP SUSP SUSP SUSP SUSP SUSP SUSP SUSP SUSP SUSP -1 ALERT-NPL 10 BIOSCI-N 1 SUSP CURRO-NPL 755 SUSP IMBALIE 14 MPCIHA 3669 SUSP INDEQTY STELLA 850 42 -155 SUSP ECSPONENT 10 ECSN 1 ECSPB7 0 ECSP18 0 ECSPC7 0 LABAT 46 LONAFRIC 255 SUSP LABAT-N 1 SUSP SUSP