<---D010--->

MARKET SUMMARY FOR FRIDAY FEBRUARY 1ST. 2002

JSE ALSI: 10535.0 = +222.0

RAND/US$:  11.61 = -1.63%

GOLD$/oz:   284.60 = +0.37%

MOST ACTIVE STOCKS & SECTORS

The JSE closed higher on Friday. Over the week, the All Share Index (ALSI) gained 266.9 points, as the Rand declined against the Dollar, while Gold prices gained for the week. Gainers included: ABSA, Afgem, Ambpep, Amlac, Anglo American, AngloGold, Argent, Assore, Barplats, Barworld, Basil Read Holdings, Bearman, Bidvest, Billiton, Bowcalf, BTG, Busby, Capital Property, Ceramic Industries, Comair, Connect, Copi, CTP, Datatec, Delta Electrical, Dimension Data, Durban Roodeport Deep, East Daggafontein, Ellerine, Energy Africa, Faritec, FirstRand, Genbel SA, Gencor, Gold Fields, Gilboa, Gruntek, Gubb & Inggs, Harmony Gold, Hiveld, Impala Platinum, Imperial, Iscor, Jasco, JD Group, Johnnic, Kersaf, Malbak, M-Cell Communications, NAC, Nampak, Nando's, Northam Platinum, Old Mutual, Richemonte, Saambou, SA Breweries, Sachrome, Sallies, Samroc, Sappi, Sasol, Stanbic, and Wooltru.

MAIN REASONS FOR ACTIVITY

• HomeChoice lost 34% after announcing that it will post a quarterly loss.

• Northam Platinum gained 2.58% despite reporting a 9.8% decline in its sales last year to R669 million. The 5-week strike, which cost the company R180 million, was behind the loss. Angloplat, which has a substantial stake in Northam, closed lower.

• Aspen Pharmacare lost 2.22% after a COSAFU affiliated 70,000 strong union paid R150 million for a 7.24% stake in the company.

• Gold related shares, especially those with a hedge against the Rand, performed well due to higher gold prices and the weak Rand.

• AngloGold gained 1.05% after reporting December quarter profits that doubled the previous quarter, as revenue rose to R5 billion. 2001 revenue rose to R17.6 billion. AngloGold announced that it will spend R3 billion this year on expansions.

• The London Stock Exchange (LSE) closed lower on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Banking, technology, and telecommunications shares weren't really bad.

• Anglo American and Billiton gained after their subsidiaries agreed to acquire 50% in a Colombian Coal Operation from US based oil giant, ExxonMobil.

• Sasol gained after an oil pipeline explosion in Kuwait lifted oil shares around the world.

• Basil Read gained 4% on news that France's Bouygues Construction will not bid for the remaining 30% stake in Basil Read. Bouygues' subsidiaries already own 70 of Basil Read.

• Iscor gained 8.49% after the competition commission approved its acquisition of Saldanha Steel.

• AFTER CLOSE: US markets closed lower on profit taking after a 2 day straight rally when the Federal Reserve FOMC held interest rates steady.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

• We think the coming week will be good too as economic data shows a global recovery is on the way.

<---D009--->

MARKET SUMMARY FOR FRIDAY JANUARY 25TH. 2002

JSE ALSI: 10268.1 = -136.0

RAND/US$:  11.38 = +0.03%

GOLD$/oz:   279.45 = -0.06%

MOST ACTIVE STOCKS & SECTORS

The JSE closed lower on Friday. Over the week, the All Share Index (ALSI) declined 121.1 points, as the Rand declined against the Dollar, and Gold prices also declined for the week. Gainers included: AMB, Anbeeco, AST Group, Barworld, Bearman, BOE, BTG, Discovery, Distell, Fairvest, Fedsure, Forza, Glotec, Glovil, Gubings, Hudaco, Kairos, Kelgran, Labat, Malbak, Metair, Nampak, Nuclicks, Octodec, Old Mutual, OTK, OTR, Saambou, Sachrome, Sallies, Sanlam, Sasol, TileAfrika, Tradehold, Tradek, WBhold, and Wooltru.

MAIN REASONS FOR ACTIVITY

• Anglo American, which this week announced it is withdrawing from Zambian Copper mining, closed 2.74% lower after Canadian firm, First Quantum, expressed interest in acquiring its assets.

• Bond yields declined today.

• In warrants today, the call warrants of banking shares, Billiton and Didata were hot.

• ABSA lost 2.92% after announcing that its exposure to troubled Afribrand Holdings is R32.2 million.

• Computer related shares were hit just like their US counterparts.

• The London Stock Exchange (LSE) closed lower on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Speculations that interest rates might be raised again did little to lift banking shares.

• Platinum shares declined after Palladium prices declined in London.

• Gold miners declined as gold prices declined in London.

• Sasol gained as most oil companies around the world have gained this week after Iran announced it might cut production further to support prices. The decline in US crude oil inventories is also pushing the increase.

• AFTER CLOSE: US markets closed lower due to less than stellar earnings reports from JDS Uniphase, Gateway Computer, and Peoplesoft.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

• Anything is possible next week as the US Federal Reserve FOMC meeting starts on Tuesday and ends on Wednesday.

<---D008--->

MARKET SUMMARY FOR FRIDAY JANUARY 18TH. 2002

JSE ALSI: 10389.2 = -94.0

RAND/US$:  11.46 = -0.39%

GOLD$/oz:   283.75 = -0.14%

MOST ACTIVE STOCKS & SECTORS

The JSE closed lower on Friday. Over the week, the All Share Index (ALSI) declined 511.1 points, as the Rand gained against the Dollar, while Gold prices declined for the week. Gainers included: ABSA, Advtech, Afbrand, Alliance, Amap, Ambpeep, AST Group, Astral, Atlas, AVI, Cadiz, Clientle Life, Connect, Coronation Holdings, Datatec, Delta Electrical, Didata, Digicor, Distell, Faritec, Fedsure, M&R Holdings, Marlin Corp, Marprop, Marshalls, Messina, Metcash Ltd, Mobile, Nampak, Natural, Nictus, Remgro, Richway, RMBH, Sachrome, Servest, Shoprite, Simmers, Steinhoff, Sun International SA, Tile Afrika, Tiwheel, Tradehold, Wetherlys, and Wooltru.

MAIN REASONS FOR ACTIVITY

• The Reserve Bank of South Africa surprised the markets on Tuesday by cutting its Repo (Interest) Rate by 100 basis points (1.00%) to 10.5%.

• Bond yields gained today, despite the lackluster performance of the equities market today.

• Companies that have hedges against the Rand (trading on foreign exchanges too) closed lower as the strengthening Rand wiped out their previous advantages.

• Gold shares were lower due to the lower gold prices.

• AngloGold lost 4.6% due to a stronger Rand, and the gold mining giant also withdrew its takeover offer for Australia' Normandy Mining, which analysts believe is the wise thing to do.

• ABSA gained 4.17% despite warning about bad debts at its Unifer unit.

• Stanbic lost 1.18% despite announcing today that its investment subsidiary, SBIC Investments SA, is paying $1.75 million to acquire Turkish investment bank Ulusal Yatirim Menkal Kiymetler AS, so as to have access to the bond market of Turkey, which is closed to foreign brokerage houses.

• The London Stock Exchange (LSE) closed lower on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Didata gained 0.69% after its Asian subsidiary, Datacraft Asia, reported better than expected results in the week.

• Tradehold gained 3.57% after reporting on Thursday that it will break even for the year to June, and that for the 26 weeks ended December 31st, sales rose 6.4%, with December alone seen a 9.2% increase in sales.

• Anglovaal Mining closed unchanged after its CEO Rick Menell stated on Thursday that his company's strategy is Iron Ore production and consolidation of the north Cape Field. Anglovaal got rid of its call options right on Kumba Resources this week. Kumba Resources closed 0.71% lower.

• Put warrants on ABSA, Billiton, Richemont, SAB, and Sappi gained, as Didata's call warrants gained.

• AFTER CLOSE: US markets closed lower and pulled global markets lower after IBM, Microsoft, Canada's Nortel Networks, and Intel frustrated the hopes of a quick corporate earnings recovery.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

• Anything is possible next week due to the earnings reporting period.

<---D007--->

MARKET SUMMARY FOR FRIDAY JANUARY 11TH. 2002

JSE ALSI: 10900.3 = +56.0

RAND/US$:  11.50 = -0.28%

GOLD$/oz:   286.45 = +0.02%

MOST ACTIVE STOCKS & SECTORS

The JSE closed higher on Friday. Over the week, the All Share Index (ALSI) rose 100.3 points, as the Rand gained against the Dollar, and Gold prices rose for the week. Gainers included: ABIL, Adcorp, AECI, Amaps, Anglo American, AngloGold,  Anloplat, Durban Roodeport Deep, East Daggafontein Mines, Ellerine, Foschni, Genbel, Glenmib, Glodina, Glotec, Goldfields, Goldreef, Grindrod, Hudaco, Impala Platinum, JD Group, KR, Kumba, Labat, Liberty, Lonmin, M-Cell, Northam Platinum, Nuclicks, Nuworld, Omnia, Onelogix, OTR Mining, SA Breweries Plc, Sappi, Sasol, Tongaat, Trematon, Trenco, W Areas, and Wooltru.

MAIN REASONS FOR ACTIVITY

• Metcash Ltd. lost 2.13% despite announcing that its Australian unit acquired South Australian liquor distributor, Kent Town Beverages.

• AngloGold gained 0.49% after extending its bid for Normandy Mining of Australia for one more week. Newmont Mining, the rival bidder against AngloGold, closed lower in New York despite announcing that the US Securities and Exchange Commission has approved its bid for Normandy.

• Gold and Platinum shares and prices rose today.

• The London Stock Exchange (LSE) closed higher on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Banking shares disappointed on Friday.

• The Rand gave back some of its gains for the week after the government outlined plans to help the currency. The government intends to continue with asset sales, and eliminate the Reserve Bank's foreign debt.

• Didata lost 7.88% and led IT shares lower on fears that Datacraft Asia might disappoint. Other analysts feel Didata, like other IT firms, are just adjusting due to their recent rise in prices.

• Bond prices gained as recent strength in the Rand and the weak oil prices have diminished fears of an interest rate hike so as to contain inflation.

• AFTER CLOSE: US markets closed lower after the Federal Reserve Chairman Alan Greenspan cautioned against too much optimism about the economic recovery in the near term.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

• Anything is possible next week as we begin this earnings reporting period.

<---D006--->

MARKET SUMMARY FOR FRIDAY JANUARY 4TH. 2002

JSE ALSI: 10800.0 = +38.0

RAND/US$:  12.04 = -2.55%

GOLD$/oz:   278.55 = +0.00%

MOST ACTIVE STOCKS & SECTORS

The JSE closed higher on Friday, the first week of trading for year 2002. Over the week, the All Share Index (ALSI) rose a whopping 439.7 points, while the Rand declined marginally against the Dollar, while Gold prices rose slightly for the week. Gainers included: ABIL, ABSA, Afgem, Afrox, Amlac, Anglo American, AngloGold,  Aplitec, AST Group, Astral, Avgold, AVI, Billiton, Datatec, Datacentrix, Dawn, Didata Plc, Dimension Data, Distell, Dunlop, Durban Roodeport Deep, Edcon, Ellerine, Energy Africa, Faritec, FirstRand, Gencor, Gilboa Properties, Goldfields, Goldreef, Glotec, Harmony, Hicor, Idion, Impala Platinum, Intervid, Investec, Iscor, Ixchange, Jasco, JD Group, Johncom, Johnnic, Kairos, Kolosus, Kumba, Liberty, Malbak, Marlin Corporation, Massmart, M-Cell, Messina, Midas, Mobile, Monte, Msauli, Mr. Price, Nampak, Nedcor, Netcare, Northam Platinum, Nuclicks, Oceana, Onelogix, Old Mutual, OTR Mining, Ozz, Palamin, Paracon, Pepkor, PPC, Prism, PS Gold, Saambou, SA Breweries Plc, Sachrome, Sappi, Sasani, Softline, Spescom, Stanbic, W Areas, and Wooltru.

MAIN REASONS FOR ACTIVITY

• The Rand was volatile on Friday, but ended up closing almost unchanged for the week.

• Stocks with hedges against the Rand - companies with dual listing at the JSE and other major exchanges around the world - did better.

• Bond yields edged lower due to the surprisingly resilient Rand.

• AngloGold closed higher after Newmont mining of the US raised its bid for Normandy Mining of Australia. AngloGold, which is also bidding for Normandy, doesn't intend to raise its bid.

• Gilboa Properties gained 33.33% after announcing plans to build 30 Seawalker Self-contained Jack-up walking marine platforms for offshore diamond mining on South Africa's west coast. The project, which will have Seacor of the UK as a joint developer, is expected to generate about R600 million.

• The London Stock Exchange (LSE) closed higher on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Banking giant ABSA gained 3.56% after receiving the go ahead to acquire Banco Australia, Mozambique's 3rd. largest bank, for R120.4 million.

• Technology shares rallied as recent economic data point to a quick US and global economic recovery.

• Warrants were mixed, with those of companies with a hedge against the Rand doing better than others.

• Retail shares weren't too shabby either.

• AFTER CLOSE: US markets closed higher as better than expected employment data fuel the optimism that the US economy might have turned the corner.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

• We expect next week to be a strong one too.

<---D005--->

MARKET SUMMARY FOR FRIDAY DECEMBER 28TH. 2001

JSE ALSI: 10361.3 = +96.8

RAND/US$:  12.02 = -1.77%

GOLD$/oz:   277.25 = -0.04%

MOST ACTIVE STOCKS & SECTORS

The JSE closed lower Friday. Over the week, the All Share Index (ALSI) declined 40.3 points, while the Rand gained against the Dollar, but Gold prices declined. Gainers included: ABSA, Anglo American, Anglo American Platinum (AngloPlat), Aplitec, AST Group, Astral, Avgold, Avis, Barplat, Barworld, Billiton, BOE, CAM, Camparex Holdings, CS Holdings, Didata Plc, Durban Roodeport Deep, Fedsure, FirstRand, Foschini, Freddev, Gencor, Glotec, Gold Fields, Harmony, Heaven, Homechoice, Impala Platinum, Liberty, Lonmin, NAC, Nedcor, NIBH, Northam Platinum, Octodec, Onelogix, Old Mutual, RandGold, Remgro, Reunert, Rentsure, Richemont, RMB Holdings, SA Breweries Plc, Sasol, Stanbic, W Areas, Wetherly's, Winhold, Wooltru, and Woolworths Holdings.

MAIN REASONS FOR ACTIVITY

• The Rand rallied against the major world currencies on Friday, capping a full week of strong performances.

• Banking shares gained as a strong Rand reduces the chances of higher inflation and interest rates.

• Sasol gained 2.2% after the oil cartel OPEC agreed to cut its daily oil production by 1.5 million barrels a day. Non-OPEC countries have already agreed to cuts of around 465,000 barrels a day.

• Companies in commodities were the major gainers as investors still found them more desirable in the long term. Platinum companies were especially hot.

• The London Stock Exchange (LSE) closed higher on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Bond prices rose due to its inverse relation to interest rates.

• Life Assurance companies were surprisingly strong today.

• Major retailers gained on optimism about their Christmas sales.

• AngloGold closed unchanged after raising its bid for Australian miner, Normandy Mining, to A$1.81 a share. AngloGold's increased bid is still below the A$1.86 a share offer Newmont Mining of the US has made.

• Information technology shares weren't too bad either today.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

• The first week of trading in year 2002 will be strong.

<---D004--->

MARKET SUMMARY FOR FRIDAY DECEMBER 21ST. 2001

JSE ALSI: 10401.6 = -517.00

RAND/US$:  12.39 = -8.5%

GOLD$/oz:   277.85 = +0.54%

MOST ACTIVE STOCKS & SECTORS

The JSE closed lower Friday. Over the week, the All Share Index (ALSI) declined 4.7 points, while the Rand declined against the Dollar, but Gold prices rose. Gainers included: Abacus, ABI, ABSA, AECI, Afrikander Lease, Afrox, Altech, Anglo American, Anglo American Platinum (AngloPlat), AngloGold, Appleton, Aspen, ASS MANG, AST Group, Astral, Avgold, AVI, BHP Billiton, Camparex Holdings, Datatec, Didata Plc, Digicor, Distell, Dunlop, Durban Roodeport Deep, Financiere Richemont, Gold Fields, Impala Platinum, Sable, SA Breweries Plc, SAChrome, Sanlam, Sappi, SASANI, Sasol, Scharrig Mining, Shawcell, Solutions, Sovereign, Spanjaard, Spescom, Stanbic, and W Areas.

MAIN REASONS FOR ACTIVITY

• Corporations with some Rand Hedge performed better today, just as they have since the latest Rand debacle started.

• Mining shares again had a good week due to the weak Rand.

• The Rand recovered from Thursday's freefall after the Finance Minister Trevor Manuel and Federal Reserve Governor Tito Mboweni expressed interest in doing something about it. Rumours were in the market that, an IMF loan of $7 billion is in the works to stabilize the currency and stop the slide from getting inflationary.

• Harmony Gold Mining lost 13.92% despite wining the rights to develop rings based on the movie, Lord of the Rings, an adaptation of JRR Tolkien's book, Fellowship of the Ring. Harmony expects the rings to fetch R40 billion over the next year.

• South African Warrants once again performed very well, as were led again by Gold warrants.

• The London Stock Exchange (LSE) closed higher on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Plastics and Chemicals companies were some of the best performers. Banking shares weren't shabby either.

• Sasol gained 1.9% as crude oil prices picked up for the 4th. day in a row. OPEC's emergency meeting next week is expected to cut production and boost prices further.

• Computer services firm Comparex Holdings gained 5.7% after announcing that it is acquiring a stake in Persetel Q Africa Holdings.

• Datatec gained 1.49% after announcing that it is selling its RangeGate subsidiary to Canada's Versatile Mobile Systems in return for 23 million common shares of Versatile Mobile Systems.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

• Anything is possible with the markets next week. We also expect the Rand freefall to continue next week too.

<---D003--->

MARKET SUMMARY FOR FRIDAY DECEMBER 14TH. 2001

JSE ALSI: 10406.3 = +469.00

RAND/US$:  12.19 = -5.7%

GOLD$/oz:   276.75 = -0.82%

MOST ACTIVE STOCKS & SECTORS

The JSE closed higher Friday. Over the week, the All Share Index (ALSI) rose a stellar 408.7 points as mining shares gained due to the weak Rand. Gainers included: Alex White Holdings, Anglo American, Anglo American Platinum (AngloPlat), AngloGold, Datatec, Didata Plc, Durban Roodeport Deep, Financiere Richemont, Gold Fields, Harmony Gold Mining, Impala Platinum, Iscor, Malbak, Saambou, SA Breweries Plc, Sanlam Ltd, Sappi, and Sasol.

MAIN REASONS FOR ACTIVITY

• Gold shares gained due to US interest rate cuts.

• The Rand declined drastically after SADC ministers rejected US and European planned sanctions against the government of Robert Mugabe in Zimbabwe.

• Export oriented companies, dual listed companies, all companies that have access to foreign currency gained.

• Packaging company Malbak gained 0.32% after terms of its merger with Namibia's Nampak were released yesterday. The combined company intends to pursue expansions outside South Africa.

• The London Stock Exchange (LSE) closed lower for the 5th day in a row due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Stanbic lost 1% despite announcing on Thursday that, it has acquired Malawi's second largest bank, Commerce Bank of Malawi.

• Anglovaal Industries closed lower after its Consol glass and plastic subsidiary unit announced plans to invest R200 million in new glass furnances so as to increase output by 11%.

• AngloGold gained 4.1% despite Normandy's advise to its shareholders that, they should reject AngloGold's bid in favour of Newmont Mining's bid.

• Warrants, especially gold call warrants, did very well today. Bond market wasn't so blessed.

• Anglo American Platinum (AngloPlat) gained 7.32% after announcing Thursday that it is on course to produce about 2.35 million ounces of Platinum in 2002, which will be 12% higher than its expected production this year of 2.1 million ounces.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

• Anything is possible with the markets next week. We also expect the Rand freefall to continue next week too.

<---D002--->

MARKET SUMMARY FOR FRIDAY DECEMBER 7TH. 2001

JSE ALSI: 9997.6 = +00.00

MOST ACTIVE STOCKS & SECTORS

The JSE closed unchanged Friday. Over the week, the All Share Index (ALSI) rose a spectacular 556.8 points as mining shares gained due to the weak Rand. Gainers included: ABSA, AVI, Datatec, Didata Plc, FirstRand, Furncap, GB NED C1, Gencor, Grayprop Property Trust, Harmony, Idion Technology Holdings, Nedcor, Saambou, SA Breweries Plc, Sanlam Ltd, Stanbic, and Unihold.

MAIN REASONS FOR ACTIVITY

• FirstRand gained after selling 40% it holds in FutureGrowth, a R25 billion in assets under management empowerment fund mangers, to WipCapital for R20 million.

• The Rand ended the week at R11.02 to the US Dollar.

• AngloGold lost 2.04% after Australian Authorities ruled that, its A$38 million break up fee shouldn't stop Normandy Mining from considering a rival bid from Newmont Mining of the US.

• Harmony gained 0.30% after fixing the Rand/Dollar exchange rate for its Free State operations at R11.20 to a US Dollar for the year 2002.

• The London Stock Exchange (LSE) closed lower due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• SA Breweries gained after raising about £250 million so as to finance its acquisition of Cerveceria Hondurena, the lone Hunduran brewer.

• Astral Foods lost 1.44% after the Competition Commission rejected its bid to acquire the remaining shares of National Chick (Natchix) it doesn't already own.

• Nedcor gained 7.27% after announcing that it has retained deposits of R425 million from FBC Fidelity Bank so as to offset its R427.7 million deficit. Nedcor rescued FBC Fidelity from curatorship last year.

• Mining and commodities shares started strong today only to give back its gains as world markets were pushed lower due to the increase in US Unemployment Rate to 7.5%.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

• JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

• We think this strong rally today could continue into next week, with some profit taking here and there.

<---D001--->

MARKET SUMMARY FOR FRIDAY NOVEMBER 30TH. 2001

JSE ALSI: 9440.8 = +206.4

MOST ACTIVE STOCKS & SECTORS

The JSE rose to high levels not seen in a while. Gainers included: Anglo American, Anglo American Platinum, Gencor, Iscor, Lonmin Plc, Messina Ltd, South African Brewery, and Sasol.

MAIN REASONS FOR ACTIVITY

• Anglo American Platinum gained due to a weaker Rand and stronger Platinum prices.

• Steel producer Iscor was bidded up on speculation that LNM Holdings of the UK will make a takeover bid for it, offering over 10 Rand/share.

• On the takeover front, South African Brewery gained depite statements from Belgium's Interbrew that parts of the information about its possible bid information was falsified. Investors were however, not convinced since Interbrew didn't dismiss the whole speculation, and many think that "where there is smoke, there is bound to be fire".

• The London Stock Exchange (LSE) closed mixed due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Commodities shares were the best performers due to the weaker Rand, which makes exports favourable.

• Like other major banks around the world, South African banks closed lower due to fears they might be exposed to debt laden and troubled US energy trader, Enron.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

• JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

• We think this strong rally today could continue into next week, with some profit taking here and there.