[Kabar-indonesia] Jakarta Shares End Flat; Rupiah Unchanged at 9,380 [+Regional Stocks]
JoyoNews at aol.com
JoyoNews at aol.com
Tue Jun 20 11:07:44 MDT 2006
4 reports:
- Indonesia Shares End Flat;
Telkom Falls Vs Bargain-Hunting
- Indonesia Rupiah Ends Steady,
Helped By Slide In USD/JPY
- Jakarta Closing Stock Prices
- Most Asian markets fall amid caution
ahead of Fed meeting
Indonesia Shares End Flat; Telkom Falls Vs Bargain-Hunting
JAKARTA (Dow Jones)--Indonesia shares ended flat Tuesday, with selling
in heavyweight Telkom and gas distributor Gas Negara nudging the main
index into negative territory, dealers said.
The Jakarta Stock Exchange Composite index ended down 0.081 point at
1294.970, up from an intra-day low of 1277.216.
A steady rupiah against the U.S. dollar spurred bargain-hunting in
several bank and automotive blue chips, lifting the main index from
its earlier low, said a trader with a state-owned securities firm.
The dollar was trading flat at IDR9,387, compared with Monday's close
at IDR9,380.
Trade volume was 810 million shares valued at IDR1.1 trillion,
compared with 880 million shares valued at IDR1.1 trillion Monday.
Decliners, however, outpaced gainers 53 to 41, with 53 stocks
unchanged.
Dealers said overall sentiment remained cautious amid lingering fears
of an interest rate hike in the U.S.
Bellwether Telekomunikasi Indonesia dropped 0.7% to IDR7,400 after its
American Depositary Receipts fell 2.7% in a bearish market.
Gas distributor Gas Negara fell 1.4% to IDR10,550 on fears that the
company will issue new shares to raise funds to expand its business.
Dealers said bargain-hunters bought shares in Bank Mandiri, the
nation's largest lender by assets, which rose 1.8% to IDR1,680 on
expectations of solid 2006 earnings due to an improvement in its
non-performing loans ratio.
Bank Rakyat Indonesia gained 2.4% to IDR4,200 on a rebound after
falling in the previous two sessions.
Car distributor Astra International ended up 1.6% to IDR9,550 after
reporting its May motorcycles sales rose 22% on month, signaling a
likely improvement for the rest of the year.
Dealers said they expect shares to trade higher Wednesday on a further
rebound in bank and automotive blue chips.
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Indonesia Rupiah Ends Steady, Helped By Slide In USD/JPY
JAKARTA, June 20 (Dow Jones)--The Indonesian rupiah ended steady
Tuesday as the dollar's slide versus most other Asian currencies
erased the local unit's earlier losses, dealers said.
'I think the rupiah got help from the dollar's slide versus the yen
during the late afternoon trading,' a dealer with a foreign bank in
Jakarta said.
The dollar closed unchanged at IDR9,380, after hitting an intraday
high of IDR9,425 shortly after trading began.
Dealers said that most market participants were reluctant to continue
buying the dollar above IDR9,400 as the greenback recently failed to
sustain its rise above that level.
The market will likely continue trading within a range, awaiting the
coming U.S. Federal Reserve meeting, during which it is expected to
raise rates again.
'The (expected) rate hike is already 70% priced in the market, but the
market will wait for the actual news,' a dealer said.
But they cautioned that the dollar's rise against most Latin American
currencies could pose a threat to the rupiah Wednesday.
They expect the dollar to trade between IDR9,350 and IDR9,425 Wednesday.
------------------------------------------------------------------
Dow Jones Newswire
June 20, 2006
Jakarta Closing Stock Prices
Prices in rupiah
Close Prior Change
% Change
Aneka Tambang 4175 4200 -25 -0.60
Astra Agro Lestari 6700 6650 +50 +0.75
Astra International 9550 9400 +150
+1.60
Bank Negara Indonesia 1140 1120 +20 +1.79
Bank Permata 690 690 Unch
Unch
Berlian Laju Tanker 1620 1630 -10 -0.61
Cahaya Kalbar 500 Not Traded
Gudang Garam 9300 9300 Unch Unch
HM Sampoerna 7600 7850 -250 -3.18
Hero Supermarket 5900 Not Traded
Indah Kiat Pulp & Paper 890 890 Unch Unch
Indocement 3975 3950 +25
+0.63
Indofood Sukses Makmur 900 920 -20 -2.17
Indonesian Satellite 4350 4350 Unch Unch
Indorama 410 Not Traded
Lippo Bank 880 Not Traded
Polysindo Eka Perkasa 45 Not Traded
Ramayana Lestari Sentosa 750 760 -10 -1.32
Semen Gresik 22800 22200 +600 +2.70
Smart Corp 3000 2900 +100
+3.45
Surya Dumai 360 Not Traded
TelekomIndo 7400 7450 -50
-0.67
Timah 1620 1640 -20
-1.22
Tjiwi Kimia 2300 2350 -50
-2.13
Source: Reuters Group PLC
----------------------------------------------------------------------
Most Asian markets fall amid caution ahead of Fed meeting
HONG KONG, June 20 (AP) -- Most Asian markets fell Tuesday, with both
Tokyo and Hong Kong sliding for a second day, amid cautious sentiment
ahead of the U.S. Federal Reserve's policy meeting next week.
The benchmark Nikkei 225 index fell 211.94 points, or 1.43 percent, to
finish at 14,648.41.
While the U.S. central bank is widely expected to raise interest rates
at its Jun 28-29 meeting, investors seem reluctant to place big bets
until a clearer outlook emerges for the U.S. economy, the largest
market for Asian exports.
"People are keeping their eye on the global macro-economic picture,"
said Hideo Ueki, chief investment officer at UBS Global Asset
Management in Tokyo. "Until they know more about that, we can expect
the trading to be light and range-bound."
A drop overnight on Wall Street also weighed on investor enthusiasm.
The Dow Jones industrial average fell 0.66 percent.
Decliners included Tokyo Electron Ltd., which fell 1.44 percent to
7,550 yen (US$65.65), and NEC Corp., which posted a 2.17 percent to
587 yen (US$5.10). Internet services company Softbank Corp. fell 1.77
percent to 2,500 yen (US$21.74).
In Hong Kong, the blue chip Hang Seng Index fell 159.89 points, or 1.0
percent, to 15,608.97.
Compared to the declines over previous weeks, "the correction this
time seems to be more controlled and less panic-driven," said Y.K.
Chan, a strategist at Phillip Asset Management.
China-related shares led the day's decline on interest rate worries
and the Chinese government's new tightening measures on the property
market.
Shares of R&F Properties fell 5.2 percent to HK$31.70, while China
Resources Land declined 7.9 percent to HK$3.50.
Other Chinese shares, especially energy stocks, also fell, with
Sinopec down 3.1 percent to HK$3.975, and offshore oil producer CNOOC
Ltd. lost 2.6 percent to HK$5.70.
In currencies, the U.S. dollar was trading at 114.78 yen on the Tokyo
foreign exchange market late Tuesday, down 0.59 yen from late Monday
in New York. The euro rose to US$1.2576 from US$1.2572.
Elsewhere:
BANGKOK: Thai shares fell, tracking overnight decline on Wall Street
and weakness in regional bourses amid continued pressure from foreign
selling. The Stock Exchange of Thailand index shed 12.90 points, or 2
percent, to close at 646.78.
JAKARTA: Indonesia shares ended little changed, with selling in
heavyweight Telkom and gas distributor Gas Negara nudging the main
index into negative territory. The Jakarta Stock Exchange Composite
index ended down 0.08 point at 1,294.97.
KUALA LUMPUR: Malaysian shares ended flat as losses on a handful of
blue chips offset broad market gains. The weighted Composite Index of
100 blue-chip stocks added 0.48 points, or 0.05 percent, at 889.99.
MANILA: Philippine stocks fell sharply, spooked by the prospects of
higher interest rates and a new impeachment complaint against
President Gloria Macapagal Arroyo. The benchmark 30-company Philippine
Stock Exchange Index fell 51.70 points, or 2.4 percent, to 2,068.09
after shedding 0.1 percent Monday.
SEOUL: South Korean shares closed sharply lower, led by financial and
construction stocks amid losses on Wall Street and regional markets as
well as continued worries North Korea may conduct a missile test. The
Korea Composite Stock Price Index, or Kospi, closed down 2.1 percent,
or 25.84 points, at 1,225.83, extending Monday's 0.8 percent fall.
SHANGHAI: China's shares rose for both A and B shares, ended up 0.4
percent at 1,592.33. the fourth straight session on hopes Bank of
China's domestic initial public offering will meet strong demand
following CAMC Engineering's huge rise on its trading debut. The
benchmark Shanghai Composite Index, which tracks
SINGAPORE: Singapore's shares fell sharply on broad-based weakness in
blue chips despite only minor falls on Wall Street overnight. The
benchmark Straits Times Index ended down 40.79 points, or 1.7 percent,
at 2,327.11 points.
SYDNEY: The Australian share market lost ground, with big mining
stocks leading the charge on weaker metals prices overnight. The
benchmark S&P/ASX200 index lost 39.8 points, or 0.8 percent, to
4,861.4 points.
TAIPEI: Taiwan's shares fell sharply on uncertainty over the future of
the island's president and weak global equity markets. The Weighted
Price Index of the Taiwan Stock Exchange fell 219.49 points, or 3.3
percent, to 6,363.55.
WELLINGTON: New Zealand's stocks market slipped as offshore selling of
market heavyweight Telecom dragged the market into negative territory.
The benchmark NZX-50 index fell 18 points, or 0.5 percent, to
3,546.55.
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Joyo Indonesia News Service
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