South African Markets - Factors to watch on May 19

JOHANNESBURG, May 19 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.

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GLOBAL MARKETS

Global stocks rose and bonds weakened on Monday after a U.S. home improvement retailer's profit spurred hopes an economic recovery may be closer than previously thought, boosting risk appetite.

Most Asian stock markets fell overnight on concerns about corporate profits and uncertainty over the global economy, but Indian shares surged after the ruling coalition's sweeping election victory on Sunday.

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SOUTH AFRICAN MARKETS

South African stocks notched up a third day of gains on Monday, tracking a rise in global equities, with Vodacom (VODJ.J) making a solid debut in one of the country's biggest listings.

The rand regained some lost ground after the mobile operator's IPO went ahead, pulling back some of the 3 percent fall from Friday, when news broke trade unions planned to scupper it.

The JSE Top-40 index .JTOPI of blue-chip stocks ended 1.26 percent higher at 19,864.63 points, led by banking shares, while the broader All-share index rose 1.11 percent to 21,945.12 points.

For Monday's South African financial markets closing report, double click on [ID:nLI622834]

STEFANUTTI STOCKS (SSKJ.J)

Construction firm Stefstock reported a 79 percent rise in full-year headline earnings abd declared a maiden dividend of 58 cents. The company siad its order book amounted to 6.4 billion rand at the end of the year.

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