[Kabar-indonesia] Indonesian Shares Close Higher on Inco, Astra Gains; Rupiah Flat [+Asia Stocks]
JoyoNews at aol.com
JoyoNews at aol.com
Tue Oct 3 08:43:25 MDT 2006
excerpt from Indonesian Shares: The local currency, the rupiah,
remained steady with the U.S. dollar closing at 9,208 rupiah,
slightly above Monday's close of 9,205 rupiah.
3 Reports:
- Indonesian shares close higher on
gains in Inco, Astra
- Jakarta Closing Stock Prices
- Asian markets falter as Tokyo breaks
4-day winning streak; Sony, Pioneer drop
Indonesian shares close higher on gains in Inco, Astra
JAKARTA, October 3 (AP) - Indonesia shares rose 0.6 percent Tuesday,
led by gains in nickel miner Inco and car distributor Astra each
boosted by hopes of strong earnings.
The Jakarta Stock Exchange Composite index closed up 8.803 points to
1,537.710, a significant gain from intraday low of 1,520.998. Volume
was moderate at 1.5 billion shares.
The local currency, the rupiah, remained steady with the U.S. dollar
closing at 9,208 rupiah, slightly above Monday's close of 9,205
rupiah.
Nickel miner Inco gained 4.4 percent to close at 23,950 rupiah on
hopes of strong third-quarter earnings, while Astra was up 2.05
percent to 12,450 rupiah.
Traders said market players remain cautious ahead of the central
bank's interest rate policy meeting Thursday, and expected the main
index to move within tight 1530-1550 range on Wednesday.
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Dow Jones Newswire
October 3, 2006
Jakarta Closing Stock Prices
Prices in rupiah
Close Prior Change %
Change
Aneka Tambang 5600 5450 +150 +2.75
Astra Agro Lestari 9300 8900 +400 +4.49
Astra International 12450 12200 +250 +2.05
Bank Negara Indonesia 2375 Not Traded
Bank Permata 780 770 +10 +1.30
Berlian Laju Tanker 2150 2175 -25 -1.15
Cahaya Kalbar 460 Not Traded
Gudang Garam 10500 10500 Unch Unch
HM Sampoerna 8000 7900 +100 +1.27
Hero Supermarket 6000 6000 Unch Unch
Indah Kiat Pulp & Paper 900 900 Unch Unch
Indocement 4925 4825 +100 +2.07
Indofood Sukses Makmur 1240 1240 Unch Unch
Indonesian Satellite 5150 5050 +100 +1.98
Indorama 435 455 -20
-4.40
Lippo Bank 1230 1230 Unch Unch
Polysindo Eka Perkasa 30 Not Traded
Ramayana Lestari Sentosa 880 880 Unch Unch
Semen Gresik 27000 27000 Unch Unch
Smart Corp 4050 4050 Unch Unch
Surya Dumai 360 Not Traded
TelekomIndo 8400 8400 Unch Unch
Timah 1760 1750 +10
+0.57
Tjiwi Kimia 1870 1880 -10
-0.53
Source: Reuters Group PLC
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Asian markets falter as Tokyo breaks 4-day winning streak; Sony, Pioneer drop
HONG KONG, October 3 (AP) -- Japanese stocks slipped, breaking a
four-day climb, as most Asian markets fell. Sony and Pioneer tumbled
after Goldman Sachs cut the stock ratings of both companies. japan
market
The benchmark Nikkei 225 index fell 12.20 points, or 0.07 percent, to
finish at 16,242.09 points.
Investors seemed to take a breather after the Tokyo market's 4.5
percent rise over the preceding four sessions.
"We could be seeing the Nikkei anchored at the 16,000 range for a
while," said Hiroshi Motoki, chief investment officer at AIG Global
Investment in Tokyo. "We're supported on one hand by expectations of
good earnings yet on the other are concerns for the global economy."
Tech companies, banks, real estate and metal stocks mostly dropped.
Traders said institutional players are unlikely to trade aggressively
before companies start issuing earnings reports for the first half of
the fiscal year.
Sony Corp. dropped 2.75 percent after Goldman Sachs Group Inc. lowered
the stock rating of the electronics maker to "neutral" from "buy,"
saying confusion over the release of PlayStation 3 and disappointing
sales of PlayStation Portable may weigh on its earnings in electronics
operations more heavily than expected.
Pioneer Corp. sank 3.57 percent after Goldman Sachs cut the company's
rating to "sell" from "neutral," citing concerns over its plasma
display panel and car electronics businesses.
Nomura Real Estate Holdings Inc., the biggest initial public offering
so far this year, debuted 11 percent above its pre-market price.
In Hong Kong, shares edged up Tuesday as traders bought large Chinese
companies helped by a strong Chinese currency.
The blue-chip Hang Seng Index rose 63.48 points, or 0.4 percent, to 17,606.53.
Recently listed China Merchants Bank soared 6.7 percent and China
Mobile gained 1.6 percent to a six-year closing high.
The gains in the two Chinese firms came after the tightly controlled
Chinese yuan has risen at an unprecedented pace in the past two weeks,
finishing Friday at 7.9041 to the U.S. dollar, just off a record high.
Some equity traders were betting the yuan would rise even higher after
remarks by China's central bank governor, which were reported Monday,
suggested market forces would be given a greater role in determining
the currency's level.
Chinese markets are closed all this week for a holiday, resulting in
mainland capital flowing into the Hong Kong for short-term trading,
analysts said.
The market in Seoul was also closed for a holiday.
In currency trading, the U.S. dollar fell against the Japanese yen but
gained against the euro. The greenback bought 117.48 yen in Tokyo late
Tuesday, down from 117.60 yen late Monday in New York. The euro edged
down to US$1.2740, from US$1.2742.
Elsewhere:
BANGKOK: Thai shares dipped 0.3 percent to 681.84 in thin trade.
JAKARTA: Indonesia shares advanced 0.6 percent to 1,537.71, led by
gains in nickel miner Inco.
KUALA LUMPUR: Malaysian shares declined 2.11 points, or 0.2 percent, to
967.56.
MANILA: The benchmark 30-company Philippine Stock Exchange Index fell
0.8 percent to 2,522.50, adding to the 0.6 percent loss Monday.
MUMBAI: Indian shares fell as investors held back ahead of the
corporate earnings season that begins next week. The Bombay Stock
Exchange's 30-stock Sensitive Index, or Sensex, fell 88.03 points, or
0.7 percent, to 12,366.39.
SINGAPORE: The benchmark Straits Times Index fell 6.8 points, or 0.3
percent, to 2,593.3, its first decline after six straight days of
gains.
SYDNEY: The benchmark S&P/ASX 200 climbed 5.5 points, or 0.1 percent,
to 5,184.3.
TAIPEI: Taiwan shares slipped 0.1 percent to 6,956.88 a day after
closing at a 4-month high.
WELLINGTON: New Zealand shares eased in quiet trading. The NZX-50
index dropped 1.63 points to 3,602.07.
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Joyo Indonesia News Service
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