[Kabar-indonesia] Indonesia Shares End Slightly Up; Rupiah Higher at 9,355 [+Regional Stocks]
JoyoNews at aol.com
JoyoNews at aol.com
Thu Jun 22 10:38:27 MDT 2006
4 reports:
- Indonesia Shares End Up Led By Telkom,
Gas Negara Rebound
- Indonesia Rupiah Ends Slightly Up On
Small Cap Inflows
- Jakarta Closing Stock Prices
- Asian markets advance, with Tokyo marking
biggest one-day gain in 6 months
Indonesia Shares End Up Led By Telkom, Gas Negara Rebound
JAKARTA, June 22 (Dow Jones)--Indonesia shares ended higher Thursday
led by bargain-hunting in gas distributor Gas Negara and bellwether
Telekomunikasi Indonesia.
They said a mild rebound in the rupiah and rallies across many Asian
markets after stocks in the U.S. rose overnight improved overall
sentiment on the local bourse, but swift profit-taking by local funds
limited gains on the main index.
"The market could perform better if it was supported by positive news
on the domestic economic front," said a fund manager with a local
investment fund.
The Jakarta Stock Exchange Composite index ended up 10.163 points, or
0.8%, at 1303.450, down from an intra-day high of 1313.681.
Trade volume was 933 million shares valued at IDR1.26 trillion,
compared with 1.75 billion shares valued at IDR1.28 trillion
Wednesday.
The dollar was trading lower at IDR9,353, compared with Wednesday's
close at IDR9,363.
Gas distributor Gas Negara rose 5.2% to IDR11,200 on bargain-hunting
and expectations of a solid outlook due to the government's plan to
convert households to use gas instead of kerosene.
Heavyweight Telkom ended up 1.4% to IDR7,500 after its American
Depository Receipts in New York rose 2.5%.
Also higher were shares in Bank Mandiri, the nation's largest lender
by assets, which gained 2.4% to IDR1,680 on expectations of solid 2006
earnings due to a drop in non-performing loans.
On the down side, profit-taking hit Bank Rakyat, which fell 3% to
IDR4,075, and car distributor Astra International, which ended down
0.5% to IDR9,500.
Dealers said they expect shares to trade higher Friday led by
followthrough buying in Bank Mandiri.
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Indonesia Rupiah Ends Slightly Up On Small Cap Inflows
JAKARTA, June 22 (Dow Jones)--The Indonesia rupiah ended slightly
higher Thursday as capital inflows started to trickle in, dealers
said.
'I think sentiment on Indonesia is slowly improving' and offshore
capital is returning to country, a dealer with a foreign bank said.
'The market handled the recent selloffs of Indonesian assets pretty
well. It did not over-panic.'
The greenback fell to an intraday low of IDR9,320 earlier in the day
as foreign banks sold the currency. But the dollar's afternoon rise
against the yen shaved most of the local unit's gains.
The dollar closed at IDR9,355, versus its close Wednesday at IDR9,365.
Bank Indonesia Deputy Governor Aslim Tadjuddin told Dow Jones
Newswires on Thursday that the central bank is 'happy' with the
rupiah's recent level, which he said is acceptable for both exporters
and importers.
Tadjuddin also said there remains room for further policy interest
rate cuts later this year, as inflation is expected to fall to 7% by
the end of the year. In May, Indonesia's consumer price index rose
15.6% on year.
Dealers said that the local currency market will likely continue
tracking the dollar's global movement Friday, as they don't expect any
fresh leads on the domestic front.
They also said Thursday's 1% rise in the Indonesia's benchmark stock
market index may help the rupiah somewhat, so long as the dollar fails
to stage a sharp advance against its major rivals.
The dollar is expected to trade between IDR9,325 and IDR9,380 Friday.
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Dow Jones Newswire
June 22, 2006
Jakarta Closing Stock Prices
Prices in rupiah
Close Prior Change
% Change
Aneka Tambang 4125 4075 +50 +1.23
Astra Agro Lestari 6700 6850 -150 -2.19
Astra International 9500 9550 -50
-0.52
Bank Negara Indonesia 1120 1120 Unch Unch
Bank Permata 670 690 -20
-2.90
Berlian Laju Tanker 1620 1620 Unch Unch
Cahaya Kalbar 500 500 Unch
Unch
Gudang Garam 9250 9200 +50 +0.54
HM Sampoerna 7700 7600 +100 +1.32
Hero Supermarket 6000 Not Traded
Indah Kiat Pulp & Paper 880 880 Unch Unch
Indocement 4025 3975 +50
+1.26
Indofood Sukses Makmur 880 880 Unch Unch
Indonesian Satellite 4275 4250 +25
+0.59
Indorama 420 400 +20
+5.00
Lippo Bank 900 900 Unch
Unch
Polysindo Eka Perkasa 45 Not Traded
Ramayana Lestari Sentosa 750 750 Unch Unch
Semen Gresik 22600 22400 +200
+0.89
Smart Corp 3000 3000 Unch
Unch
Surya Dumai 360 Not Traded
TelekomIndo 7500 7400 +100
+1.35
Timah 1640 1630 +10
+0.61
Tjiwi Kimia 2250 2275 -25
-1.10
Source: Reuters Group PLC
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Asian markets advance, with Tokyo marking biggest one-day gain in 6 months
HONG KONG, June 22 (AP) - Most Asian markets advanced Thursday, with
Japanese stocks notching their biggest one-day gain in six months,
lifted by positive economic data.
Tokyo's benchmark Nikkei 225 index surged 489.41 points, or 3.34
percent, to finish at 15,133.67, its highest close since June 6. It
was the biggest one-day percentage gain since Jan. 27, and more than
recouped the index's decline over the last three days.
Sentiment was boosted by the release of the all-industries index,
which rose 1.3 percent in April from March, the first gain in three
months. The index is considered a close approximation for gross
domestic product growth as measured by industrial and service sector
output.
Separate data showed that Japan's global trade surplus rose for the
first time in 17 months in May, expanding 35.2 percent, indicating
that the export-driven recovery remains strong.
Technology, electronics and machinery stocks led the advance. Gainers
included Advantest Corp., which rose 4.30 percent, and Tokyo Electron
Ltd., which added 5.87 percent. Toshiba Corp. posted a 2.81 percent
gain and major machinery maker Komatsu Ltd. surged 7.63 percent.
In Hong Kong, stocks rose Thursday as some investors bet recent
declines in global markets prompted by worries about rising U.S.
interest rates and inflation had been overdone.
The blue-chip Hang Seng Index advanced 167.34 points, or 1.1 percent,
to 15,826.70. Still, even including Thursday's gains the index is down
8.7 percent from the five-year high it achieved May 8.
"I'm a bull on the market. I think it is undervalued and I don't think
U.S. interest rates have got much further to go up," said Brook
McConnell, president of fund house South Ocean Management. "I think
the U.S. Federal Reserve is looking in a rearview mirror on inflation
as commodity prices have already corrected."
Bargain hunters picked up beaten-down commodity-related plays, helped
by rebounds in commodity markets.
Jiangxi Copper surged 4.1 percent, while coal producer China Shenhua
Energy gained 3.7 percent, helped by a big new order for its parent
from the government of China's southern Guangdong province.
Hong Kong phone operator PCCW Ltd. soared 10.6 percent in heavy trade
before it was suspended only 8 minutes into the session. It announced
earlier both Australia's Macquarie Bank Ltd. and U.S. investment firm
Newbridge Capital Inc. were interested in buying its
telecommunications and media assets.
In currencies, the U.S. dollar gained against both the yen and the
euro. It bought 115.20 yen in Tokyo late Thursday, up 0.41 yen from
late Wednesday in New York. The euro fell to US$1.2636 from US$1.2656
late Wednesday.
Elsewhere:
BANGKOK: Thai shares advanced amid bargain-hunting in banks and energy
blue chips, tracking sharp rises in regional bourses and overnight
gains on Wall Street. The Stock Exchange of Thailand index jumped 9.58
points, or 1.5 percent, to 659.32.
BOMBAY: Indian shares rose for the second straight day, lifted by a
government decision to sell a 10 percent stake each in two
profit-making state-run companies through the stock market. On the
Bombay Stock Exchange, the benchmark 30-stock Sensex closed 235.74
points, or 2.4 percent, higher at 10,275.88. On the rival National
Stock Exchange, the 50-stock S&P CNX Nifty advanced 71.30 points, or
2.4 percent, to 2,994.75.
JAKARTA: Indonesia shares moved higher, led by bargain-hunting in gas
distributor Gas Negara and bellwether Telekomunikasi Indonesia. The
Jakarta Stock Exchange Composite index ended up 10.16 points, or 0.8
percent, at 1,303.45.
KUALA LUMPUR: Malaysian shares edged up, supported by a number of
positive developments both locally and abroad. The weighted Composite
Index of 100 blue-chip stocks rose 5.81 points, or 0.7 percent, to
900.47.
MANILA: Philippine stocks reversed some recent losses as the market
took its cue from the overnight rally in U.S. stocks ahead of key
interest rate decisions. The benchmark 30-company Philippine Stock
Exchange Index jumped 39.62 points, or 1.9 percent, to 2,097.39.
SEOUL: South Korean shares rose slightly, tracking U.S. gains on
upbeat company earnings that eased worries over the fallout of higher
interest rates. The Korea Composite Stock Price Index, or Kospi, added
11.64 points, or 0.95 percent, closing at 1,238.83.
SHANGHAI: Chinese stocks slipped as a decline in heavyweight
petrochemical companies offset gains by banks. The Chinese yuan
advanced against the U.S. dollar. The benchmark Shanghai Composite
Index fell 0.1 percent to 1,596.07 after having risen for five
straight sessions. The Shenzhen Composite Index inched 0.2 percent
lower to 411.32.
SINGAPORE: Singapore shares ended sharply higher as Asian bourses took
their cues from a strong overnight performance on Wall Street. The
benchmark Straits Times Index ended 29.95 points, or 1.3 percent,
higher at 2,359.55.
SYDNEY: Australian shares rose for the second straight day, following
a strong lead from Wall Street overnight. The benchmark S&P/ASX200
shot up 91.9 points, or 1.9 percent, to 5,010.8.
TAIPEI: Taiwan shares rose sharply as overnight gains on Wall Street
triggered bargain hunting on the local bourse. The Weighted Price
Index of the Taiwan Stock Exchange rose 185.56 points, or 2.9 percent,
to 6,485.15.
WELLINGTON: New Zealand stocks rose as news of a widening current
account deficit weakened the New Zealand dollar, resulting in
increased offshore buying of leading stocks. The benchmark NZX-50
index advanced 43.4 points, or 1.2 percent, to 3,584.83.
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Joyo Indonesia News Service
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