Outside Japan, where stocks rallied on the yen weakening to more than ¥107/$, markets trading ahead of the JSE on Monday morning were generally weaker. Hong Kong’s Hang Seng index lost 1.2% and Sydney’s S&P/ASX 200 was down 0.8%. Surprisingly, New Zealand’s S&P/NZX 50 index rallied 0.6% despite a series of earthquakes that led to a decline in the share prices of insurance companies. Platinum miner Lonmin is scheduled to release its final results for the year to end-September on Monday. Lonmin’s share price plunged 11.78% to R34.14 on Friday after it announced it was raising its stake in Pandora to 92.5% by acquiring Anglo American Platinum’s 42.5% stake in exchange for 20% of Pandora’s earnings for the next six years. The estimated value of the deal is more than R400m. The remaining 7.5% of Pandora is owned by Northam. Mr Price, which is scheduled to release its interim results on Monday, tumbled 7.15% to R133.70 on Friday after competitor Woolworths said in a trading statement: "Th...
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