[Kabar-indonesia] Jakarta Shares End Slightly Down; Rupiah Up at 9,365 [+Regional Stocks]
JoyoNews at aol.com
JoyoNews at aol.com
Wed Jun 21 11:37:51 MDT 2006
4 reports:
- Indonesia Shares End Slightly Down
On Pft-Taking In Banks
- Indonesia Rupiah Ends Up As Dollar
Slides Vs Regional Rivals
- Jakarta Closing Stock Prices
- Most Asian markets edge up as Hong Kong
rebounds; Tokyo stays flat
Indonesia Shares End Slightly Down On Pft-Taking In Banks
JAKARTA, June 21 (Dow Jones)--Indonesia shares ended marginally lower
Wednesday as bearish Asian markets spurred swift profit-taking in
several bank blue chips, dealers said.
They said overall sentiment remained weak and cautious, with a mild
rebound in the rupiah against the U.S. dollar failing to improve
sentiment on the local bourse.
"Fears over a possible interest rate hike in the U.S. are lingering,
forcing investors to clear their position everyday," said a trader
with Paramitra Securities.
The Jakarta Stock Exchange Composite index ended down 1.683 points,
or 0.13%, at 1293.287, down from an intra-day high of 1301.172.
Trade volume was 1.75 billion shares valued at IDR1.28 trillion,
compared with 810 million shares valued at IDR1.1 trillion Tuesday.
The dollar was trading lower at IDR9,363, compared with Tuesday's
close at IDR9,387.
Bank Mandiri, the nation's largest lender by assets, fell 2.4% to
IDR1,640 and Bank Central Asia, the nation's second-largest bank,
dropped 0.6% to IDR4,050 on profit-taking after gains in the previous
two sessions.
Indosat fell 2.3% to IDR4,250 on fears of poor first half earnings due
to an increase in foreign exchange losses.
On the upside, gas distributor Gas Negara ended up 1% to IDR10,650
on bargain-hunting.
Dealers said they expect shares to trade higher Thursday on a rebound
after falls in the previous two sessions.
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Indonesia Rupiah Ends Up As Dolllar Slides Vs Regional Rivals
JAKARTA, June 21 (Dow Jones)--The Indonesia rupiah closed slightly
higher Wednesday, thanks to the dollar's slide versus most other
regional rivals, dealers say.
The dollar closed at IDR9,365 versus its close Tuesday at IDR9,380.
The greenback opened at IDR9,360 and continued to fall to an intraday
low of IDR9,340, dealers said.
'But demand from importers ahead of the end of the month lifted the
U.S. unit from its intraday low,' a dealer with a foreign bank said.
Dollar demand usually picks up toward the end of the month as local
companies, mostly importers, need the currency to pay offshore
obligations.
Dealers expect the dollar to remain range-bound Thursday as the market
awaits the coming U.S. Federal Reserve meeting.
The dollar is expected to trade between IDR9,325 and IDR9,400 Thursday.
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Dow Jones Newswire
June 21, 2006
Jakarta Closing Stock Prices
Prices in rupiah
Close Prior Change %
Change
Aneka Tambang 4075 4175 -100 -2.40
Astra Agro Lestari 6850 6700 +150 +2.24
Astra International 9550 9550 Unch Unch
Bank Negara Indonesia 1120 1140 -20 -1.75
Bank Permata 690 Not Traded
Berlian Laju Tanker 1620 1620 Unch Unch
Cahaya Kalbar 500 500 Unch Unch
Gudang Garam 9200 9300 -100 -1.08
HM Sampoerna 7600 Not Traded
Hero Supermarket 6000 5900 +100 +1.69
Indah Kiat Pulp & Paper 880 890 -10 -1.12
Indocement 3975 3975 Unch
Unch
Indofood Sukses Makmur 880 900 -20 -2.22
Indonesian Satellite 4250 4350 -100 -2.30
Indorama 400 410 -10
-2.44
Lippo Bank 900 880 +20
+2.27
Polysindo Eka Perkasa 45 Not Traded
Ramayana Lestari Sentosa 750 750 Unch Unch
Semen Gresik 22400 22800 -400 -1.75
Smart Corp 3000 3000 Unch Unch
Surya Dumai 360 Not Traded
TelekomIndo 7400 7400 Unch Unch
Timah 1630 1620 +10
+0.62
Tjiwi Kimia 2275 2300 -25
-1.09
Source: Reuters Group PLC
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Most Asian markets edge up as Hong Kong rebounds; Tokyo stays flat
HONG KONG, June 21 (AP) - Most Asian markets edged up Wednesday as
Hong Kong stocks rebounded slightly from two straight days of losses,
but Japanese stocks ended flat amid concerns about prospects for
higher U.S. and Japanese interest rates.
The benchmark Nikkei 225 index dipped 4.15 points, or 0.03 percent, to
finish at 14,644.26 points, its third decline in a row.
Real estate and brokerage shares fell after Bank of Japan Gov.
Toshihiko Fukui said Tuesday that the central bank would adjust
monetary policy "without delays." Japan's interest rates have been at
zero for more than five years, and the BOJ has said it will raise
rates at some point in the future as the nation's economy recovers.
"The primary focus for the stock market now is monetary policy," said
Akio Yoshino, market economist at Societe Generale Asset Management.
"Until we get clarity there, Japanese stocks are likely to have
limited upside."
Investors seemed reluctant to make moves ahead of a U.S. Federal
Reserve's interest rate decision next week, even though many people
expect the U.S. central bank to raise interest rates. Some are worried
that higher rates could slow the U.S. economy, Japan's biggest export
market.
Decliners included NTT Urban Development Corp. and consumer finance
company Takefuji Corp.
In Hong Kong, shares rebounded slightly from earlier declines on the
back of strong investor demand for China-related telecom and energy
stocks.
The blue chip Hang Seng Index rose 50.39 points, or 0.3 percent, to 15,659.36.
"There was quite a bit of buying interest in Chinese telecom and
energy stocks today, which supported the market's rebound," said
Michael Wong, associate director of research at Hantec Investment.
But analysts said they did not expect to see much further gains in the
benchmark index, on uncertainties ahead of the Fed's policy meeting
next week.
Shares of blue-chip mobile phone services operator China Unicom Ltd.
surged 2.2 percent to HK$6.85 after South Korea's SK Telecom agreed to
buy US$1 billion (€800 million) worth of Unicom's convertible bonds,
while also agreeing to form a business alliance on Code Division
Multiple Access, a second-generation mobile technology.
Other Chinese telecom stocks also rose after the announcement of the
deal. China Netcom rose 1.6 percent to HK$12.60, while index
heavyweight China Mobile (Hong Kong) Ltd. gained 1.5 percent to
HK$41.50.
In currencies, the dollar was trading at 114.74 yen on the Tokyo
foreign exchange market late Wednesday, down 0.20 yen from late
Tuesday in New York. The euro rose to US$1.2614 from US$1.2584 late
Tuesday.
Elsewhere:
BANGKOK: Thai shares ended up on a technical rebound in banks and
energy blue chips after recent weakness. The Stock Exchange of
Thailand index closed up 0.5 percent, or 2.96 points, at 649.74.
JAKARTA: Indonesia's shares slipped on profit-taking in several bank
blue chips. The Jakarta Stock Exchange Composite index ended down 1.68
points, or 0.13 percent, at 1,293.29.
KUALA LUMPUR: Malaysian shares advanced, led by gains across a broad
range of sectors on a technical rebound with follow through buying
interest lifting a number of small-cap stocks and MESDAQ listed
companies. The weighted Composite Index of 100 blue-chip stocks rose
0.5 percent, or 4.67 points, to end at 894.66.
MANILA: Philippine shares declined to their lowest level in six months
as investors sold their holdings ahead of an anticipated U.S. interest
rate hike next week. The benchmark 30-company Philippine Stock
Exchange Index gave up 10.32 points, or 0.5 percent, to end at
2,057.77.
SEOUL: South Korean shares rose marginally, gaining for the first
session in three on buying by retail investors. The Korea Composite
Stock Price Index rose 1.36 points, or 0.1 percent, to 1,227.19.
SHANGHAI: China shares hit a two-week high amid a surge by the
country's leading oil refiner. The benchmark Shanghai Composite Index,
which tracks both A and B shares, closed up 0.4 percent at 1,598.12.
SINGAPORE: Singapore shares ended little changed, recovering from
declines in the morning session as Asian bourses recovered around
midday. The benchmark Straits Times Index ended 2.49 points, or a
modest 0.1 percent, higher at 2,329.60.
SYDNEY: Australian stocks rose in reaction to news that China had
accepted a 19 percent price increase in iron ore from the country's
biggest miners. The benchmark S&P/ASX200 index rose 57.5 points, or
1.2 percent, to 4,918.9.
TAIPEI: Taiwan's shares fell to a six-month low, extending heavy
losses on domestic political uncertainty. The Weighted Price Index of
the Taiwan Stock Exchange fell 63.96 points, or 1 percent, to
6,299.59.
WELLINGTON: New Zealand stocks slipped as weakness in bellwether
Telecom and light trading in other blue chip stocks held the market in
negative territory. The benchmark NZX-50 index fell 5.2 points, or 0.2
percent, to 3,541.38.
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Joyo Indonesia News Service
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