Go Finance Reporting NEW YORK - The Dow Jones closed up 4.39 points, or slim 0.04 percent to 11,989.83 in connection with the discharge level of home sales data showed an increase. But the increase also occurs in jobless claims. Attraction between the positive data and negative data apparently still ongoing.
On average, the Dow Jones industrial index traded above 12,000 throughout the day but failed to close above that level. Dow did not close above 12,000 since June 19, 2008, as the financial crisis worsened.
Procter & Gamble Co., maker of consumer products such as detergents has decreased 2.9 percent, the biggest decline among the 30 companies that make the Dow Jones average rose. P & G said that commodity prices will trim profits.
AT & T Inc. fell 2 percent after saying that the new wireless contracts fell to their lowest level in five years. Caterpillar Inc. rose 0.9 percent after fourth-quarter profit quadrupled due to high demand for mining and construction equipment.
As quoted from the AP on Thursday (01/27/2011) local time, the S & P 500 rose 2.91 points, or 0.2 percent, to 1299.54. The last time the index closed above 1300 is August 28, 2008.
The Dow rose 4.39 points, or 0.1 percent, to 11989.83. At this time trading the index broke through 12,000 Wednesday for the first time since June 2008 but slipped in the afternoon. Dow Jones has gained 18.5 percent last year.
While the Nasdaq composite index rose 15.78, or 0.6 percent, to 2755.28. (GoFinance)
Friday, January 28, 2011
::Japan Trade Surplus Rp738 Trillion>>
Go Finance Reporting Tokyo - Japan's trade surplus during 2010 more than doubled, marked the growth of exports to 24.4 percent. It's a signal the rise of Japan after three years stagnated.
"Triggered increased demand for Japanese exports that kept coming from developing countries," said Japan's Ministry of Commerce.
According to ministry data released yesterday, the trade surplus over the past year increased by 153.4 percent, or about 6.77 trillion yen (USD82 billion), or equivalent to Rp738 trillion. While the specific December 2010, Japan's trade surplus grew by 34 percent to 727.7 billion yen, higher than market estimates that only 474.8 billion yen.
"For the first time in three years, exports reached 67.41 trillion yen. Meanwhile, imports also rose 17.7 percent, or about 60.64 trillion yen over the past year, "said Japan's Ministry of Commerce.
The strength of Japan's exports last year one of them driven high demand for other Asian giant that is China. During 2010 exports of State Panda doubled as economic growth leading to higher consumption. China's demand is somewhat large automotive and semiconductor products to increase 28 percent, making exports hit a record 13.09 trillion yuan.
"We can estimate the economic recovery will bring acceleration in the first half of this year," said NLI Research Institute senior economist Taro Saito.
He added, with export growth last year's model, the Japanese economy will start working again. He also highlighted the high demand from Asia contributed significantly to the growth of his country.
Tuesday (01/25/2011) and the Japanese central bank forecasts economic growth in fiscal 2010 ending next April will grow 3.3 percent, better than the 2.1 percent forecast earlier. Nevertheless, Sato warned that the yen is still a constraint to economic growth. Although the exchange rate appreciation would occur, he said, will only run at a moderate level. The high exchange rate of the yen against the dollar makes a lot of companies consider moving production abroad for foreign exchange earnings are not eroded. Yesterday the greenback dollar was at 82.17 yen level, or only 2 yen above a record high 80.21 yen per dollar in November last year.
In Seoul, South Korea Government (ROK) yesterday said the current account State Ginseng increases in December last year triggered by soaring exports. In fact, South Korean Central Bank noted, the trade surplus the fourth quarter of 2010 was the fourth largest in history. According to Central Bank of the South, current account surplus rose to $ 2 last month, 11 billion (Rp19 trillion) from the previous $ 1, 93 billion in November 2010.
For comparison, the trade surplus in the same month in 2009 only USD708, 7 million. -Although supported by strong exports, current account surpluses throughout the 2010 to drop to USD28, 21 billion, from $ 32 the previous year, 79 billion.
Economists said the increase in surplus last year will be the basic trend of the strengthening in the next year. In addition, the positive performance in 2010 will support the won currency even though the size of the surplus expected to shrink due to increased imports. Improved performance of South Korean exports last year supported the rapid growth of the automotive sector, shipbuilding, and electronics. (GoFinance)
"Triggered increased demand for Japanese exports that kept coming from developing countries," said Japan's Ministry of Commerce.
According to ministry data released yesterday, the trade surplus over the past year increased by 153.4 percent, or about 6.77 trillion yen (USD82 billion), or equivalent to Rp738 trillion. While the specific December 2010, Japan's trade surplus grew by 34 percent to 727.7 billion yen, higher than market estimates that only 474.8 billion yen.
"For the first time in three years, exports reached 67.41 trillion yen. Meanwhile, imports also rose 17.7 percent, or about 60.64 trillion yen over the past year, "said Japan's Ministry of Commerce.
The strength of Japan's exports last year one of them driven high demand for other Asian giant that is China. During 2010 exports of State Panda doubled as economic growth leading to higher consumption. China's demand is somewhat large automotive and semiconductor products to increase 28 percent, making exports hit a record 13.09 trillion yuan.
"We can estimate the economic recovery will bring acceleration in the first half of this year," said NLI Research Institute senior economist Taro Saito.
He added, with export growth last year's model, the Japanese economy will start working again. He also highlighted the high demand from Asia contributed significantly to the growth of his country.
Tuesday (01/25/2011) and the Japanese central bank forecasts economic growth in fiscal 2010 ending next April will grow 3.3 percent, better than the 2.1 percent forecast earlier. Nevertheless, Sato warned that the yen is still a constraint to economic growth. Although the exchange rate appreciation would occur, he said, will only run at a moderate level. The high exchange rate of the yen against the dollar makes a lot of companies consider moving production abroad for foreign exchange earnings are not eroded. Yesterday the greenback dollar was at 82.17 yen level, or only 2 yen above a record high 80.21 yen per dollar in November last year.
In Seoul, South Korea Government (ROK) yesterday said the current account State Ginseng increases in December last year triggered by soaring exports. In fact, South Korean Central Bank noted, the trade surplus the fourth quarter of 2010 was the fourth largest in history. According to Central Bank of the South, current account surplus rose to $ 2 last month, 11 billion (Rp19 trillion) from the previous $ 1, 93 billion in November 2010.
For comparison, the trade surplus in the same month in 2009 only USD708, 7 million. -Although supported by strong exports, current account surpluses throughout the 2010 to drop to USD28, 21 billion, from $ 32 the previous year, 79 billion.
Economists said the increase in surplus last year will be the basic trend of the strengthening in the next year. In addition, the positive performance in 2010 will support the won currency even though the size of the surplus expected to shrink due to increased imports. Improved performance of South Korean exports last year supported the rapid growth of the automotive sector, shipbuilding, and electronics. (GoFinance)
:: Japan Ratings Down, IHSG Opened weakened 9 pts>>
Go Finance Report Jakarta - The fall in Japan's debt ratings appear to be a negative sentiment for the stock market in Asia this weekend. No doubt, IHSG also open lower in early trading this time.
IHSG, in trading on Friday (01/28/2011) fell 9.63 points, or 0.3 percent, to 3504.99. LQ45 down 2.51 points, or 0.4 percent, to 617.71 and the Jakarta Islamic Index (JII) fell 1.22 points, or 0.2 percent, to 491.73.
Unlike the stock market the United States (U.S.), Asia looks compact index weakened. The Nikkei fell 96.69 points to 10,381, the Hang Seng fell 145.89 points to 23,633, and Straits Times fell 2.11 points to 3217.
All sector indices also support compact red. Plantation sector, down 10.2 points or 0.2 percent, mining sector, down 19.64 points, or 0.6 percent, the financial sector fell 1.72 points, or 0.4 percent.
The volume of transactions recorded 61.86 million shares amounting to Rp110, 16 billion. A total of 16 stocks advanced, 52 stocks fell and 45 shares remain stagnant.
Stocks that move down (top lossers) is PT Bayan Resources Tbk (ITMG) down Rp850 to Rp48.550, PT Indocement Tbk (INTP) turunRp600 to Rp14.050, PT Gudang Garam Tbk (GGRM) down Rp500 to Rp38. 000 and PT Astra Agro Lestari Tbk (AALI) down Rp350 to Rp21.900.
While stocks are moving to strengthen (Top gainers) is PT Intraco Penta Tbk (INTA) rose Rp100 to Rp2.750, PT Timah Tbk (TINS) rose 50 to Rp2.875 and statements of (hexa) rose 50 Rp 6,900. ( GoFinance)
IHSG, in trading on Friday (01/28/2011) fell 9.63 points, or 0.3 percent, to 3504.99. LQ45 down 2.51 points, or 0.4 percent, to 617.71 and the Jakarta Islamic Index (JII) fell 1.22 points, or 0.2 percent, to 491.73.
Unlike the stock market the United States (U.S.), Asia looks compact index weakened. The Nikkei fell 96.69 points to 10,381, the Hang Seng fell 145.89 points to 23,633, and Straits Times fell 2.11 points to 3217.
All sector indices also support compact red. Plantation sector, down 10.2 points or 0.2 percent, mining sector, down 19.64 points, or 0.6 percent, the financial sector fell 1.72 points, or 0.4 percent.
The volume of transactions recorded 61.86 million shares amounting to Rp110, 16 billion. A total of 16 stocks advanced, 52 stocks fell and 45 shares remain stagnant.
Stocks that move down (top lossers) is PT Bayan Resources Tbk (ITMG) down Rp850 to Rp48.550, PT Indocement Tbk (INTP) turunRp600 to Rp14.050, PT Gudang Garam Tbk (GGRM) down Rp500 to Rp38. 000 and PT Astra Agro Lestari Tbk (AALI) down Rp350 to Rp21.900.
While stocks are moving to strengthen (Top gainers) is PT Intraco Penta Tbk (INTA) rose Rp100 to Rp2.750, PT Timah Tbk (TINS) rose 50 to Rp2.875 and statements of (hexa) rose 50 Rp 6,900. ( GoFinance)
Thursday, January 27, 2011
::Dollar lower, gold Stable>>
Go Finance Reporting Singapore - The price of gold in the Asian spot market stabilized after a get tracked down in the last four days due to the cautious attitude of the Federal Reserve and the weakening dollar.
As quoted by Reuters on Thursday (01/27/2011), a thin gold prices slipped 0.2 percent to a level of USD1.344, 39 per ounce. Meanwhile, in the futures market the United States (U.S.) actually rose 0.8 percent to USD1.343, 8.
The attitude of the Fed that shows the attitude was in no hurry to cut its policies to rescue the U.S. economy to continue to purchase bonds amounting to $ 600 billion, although unemployment is still high.
Meanwhile, housing data as of December, the newly released data shows rise faster than expected to highest level in eight months and the highest since April 2008. This showed increased optimism in the housing market recovery.
For its own dollar remained at the trend decline since last November after the Fed's economic prospects tend to be more careful.
In addition to factors from the U.S., commodity prices are also driven from the annual growth of Chinese economy is expected to reach nine percent in the first quarter is where inflation is predicted to penetrate five percent.
Meanwhile, investors still expect the price of gold in the futures market will rebound to reverse the recent trend in which the buyer will increase its protection against falling prices.
From the trading floor, the S & P in yesterday's trading close higher in the last 29 months, triggered by the gains of technology stocks and commodities, so most investors ignore valuation of the Fed. (GoFinance)
As quoted by Reuters on Thursday (01/27/2011), a thin gold prices slipped 0.2 percent to a level of USD1.344, 39 per ounce. Meanwhile, in the futures market the United States (U.S.) actually rose 0.8 percent to USD1.343, 8.
The attitude of the Fed that shows the attitude was in no hurry to cut its policies to rescue the U.S. economy to continue to purchase bonds amounting to $ 600 billion, although unemployment is still high.
Meanwhile, housing data as of December, the newly released data shows rise faster than expected to highest level in eight months and the highest since April 2008. This showed increased optimism in the housing market recovery.
For its own dollar remained at the trend decline since last November after the Fed's economic prospects tend to be more careful.
In addition to factors from the U.S., commodity prices are also driven from the annual growth of Chinese economy is expected to reach nine percent in the first quarter is where inflation is predicted to penetrate five percent.
Meanwhile, investors still expect the price of gold in the futures market will rebound to reverse the recent trend in which the buyer will increase its protection against falling prices.
From the trading floor, the S & P in yesterday's trading close higher in the last 29 months, triggered by the gains of technology stocks and commodities, so most investors ignore valuation of the Fed. (GoFinance)
::When the Power of Economic Shift to Asia>>
Go Finance Reporting Davos - The analysts see a shift in global economic power that once controlled the Western countries, has now headed to Asia. Statement of the analysts are presented in the opening World Economic Forum (WEF) 2011 in Davos, Switzerland, yesterday.
The meeting was attended by the political elite and businessmen from around the world. Recovery of the economy that continues to improve as a signal that Asia will continue to solidify its position in the future.
Chairman of Wipro, India's leading software company, Azim Premji said, it is the decline of the Western world and the growth of emerging markets. "In 10 years the world economy will emerge, the same or slightly larger than the U.S. economy (U.S.)," the Indian billionaire said this when speaking in Davos WEF panel was quoted as saying by AFP.
China's highest officials at the International Monetary Fund (IMF), Zhu Min said the global economic recovery was driven largely Asian giants, namely India and China.
"In emerging markets, I think the growth is very strong. China will still end up with nine percent, India may be around eight percent, "said former Deputy Governor of Central Bank of China this.
Most of the panelists who spoke on the first day of operation the WEF Davos agreed that the global economy grew significantly healthier than when they met last year. The condition was even approved by Nouriel Roubini, professor at the University of New York who is usually pessimistic about the prospects of the global economy.
"Glass is half empty and full. There are several positive and negative risks, "he said.
Roubini explains, downside risk is the euro zone debt crisis, the recession in the U.S. housing market and higher commodity prices that lead to social unrest in some areas.
In addition, the social gap between the rich and the poor, both in developed and developing countries, will be a key risk in the future. Analysts estimate leads to the growing tensions in North Africa and the Middle East.
Zhu Min said, the world does not give enough attention to it. Many have warned that the attitude of developed countries for ignoring risk emerging markets amid incessant India and China became the center of power in Asia. Chief Executive of WPP, the second largest advertising company in the world, said Martin Sorrell, is currently happening is not only a shift from West to East, but also to the South West.
"This is the decade of Latin America with Brazil holding the World Cup and Olympics. And in Asia, not just India and China, but in countries such as Pakistan, Bangladesh, and Thailand, "he said.
Meanwhile, Indonesia is included in the Asian countries with positive economic growth 2011.Delegasi Indonesia participated in the WEF chaired by President Susilo Bambang Yudhoyono (SBY).
In this forum, the President is scheduled to deliver a special speech on trade and development. Trade Minister Mari Elka Pangestu said earlier, the Indonesian delegation also will maximize the WEF 2011 to attract more interest from overseas investors in the fields of trade and investment with Indonesia.
According to Mari, by participating in the WEF, Indonesia will get some benefit. It was of them is to increase cooperation and collaboration with other state delegations and the international business community. On the other hand, the businessmen and academics who gathered in Davos still admire the wonders of China's economy.
However, they assess, with the incredible surge of export growth driven for 30 years, China needs a new round of reforms as the giant developing countries. China's economy is a manufacturing economy that relies on cheap labor once and not endless. And now they have an aging population.
China valued the success of global trade imbalances have created the destructive economic and trade customers currency. Faced with the possibility of inflation and the asset is increased, a Chinese business leaders in general have been agreed with the need for greater currency flexibility and rely on domestic demand. (GoFinance)
The meeting was attended by the political elite and businessmen from around the world. Recovery of the economy that continues to improve as a signal that Asia will continue to solidify its position in the future.
Chairman of Wipro, India's leading software company, Azim Premji said, it is the decline of the Western world and the growth of emerging markets. "In 10 years the world economy will emerge, the same or slightly larger than the U.S. economy (U.S.)," the Indian billionaire said this when speaking in Davos WEF panel was quoted as saying by AFP.
China's highest officials at the International Monetary Fund (IMF), Zhu Min said the global economic recovery was driven largely Asian giants, namely India and China.
"In emerging markets, I think the growth is very strong. China will still end up with nine percent, India may be around eight percent, "said former Deputy Governor of Central Bank of China this.
Most of the panelists who spoke on the first day of operation the WEF Davos agreed that the global economy grew significantly healthier than when they met last year. The condition was even approved by Nouriel Roubini, professor at the University of New York who is usually pessimistic about the prospects of the global economy.
"Glass is half empty and full. There are several positive and negative risks, "he said.
Roubini explains, downside risk is the euro zone debt crisis, the recession in the U.S. housing market and higher commodity prices that lead to social unrest in some areas.
In addition, the social gap between the rich and the poor, both in developed and developing countries, will be a key risk in the future. Analysts estimate leads to the growing tensions in North Africa and the Middle East.
Zhu Min said, the world does not give enough attention to it. Many have warned that the attitude of developed countries for ignoring risk emerging markets amid incessant India and China became the center of power in Asia. Chief Executive of WPP, the second largest advertising company in the world, said Martin Sorrell, is currently happening is not only a shift from West to East, but also to the South West.
"This is the decade of Latin America with Brazil holding the World Cup and Olympics. And in Asia, not just India and China, but in countries such as Pakistan, Bangladesh, and Thailand, "he said.
Meanwhile, Indonesia is included in the Asian countries with positive economic growth 2011.Delegasi Indonesia participated in the WEF chaired by President Susilo Bambang Yudhoyono (SBY).
In this forum, the President is scheduled to deliver a special speech on trade and development. Trade Minister Mari Elka Pangestu said earlier, the Indonesian delegation also will maximize the WEF 2011 to attract more interest from overseas investors in the fields of trade and investment with Indonesia.
According to Mari, by participating in the WEF, Indonesia will get some benefit. It was of them is to increase cooperation and collaboration with other state delegations and the international business community. On the other hand, the businessmen and academics who gathered in Davos still admire the wonders of China's economy.
However, they assess, with the incredible surge of export growth driven for 30 years, China needs a new round of reforms as the giant developing countries. China's economy is a manufacturing economy that relies on cheap labor once and not endless. And now they have an aging population.
China valued the success of global trade imbalances have created the destructive economic and trade customers currency. Faced with the possibility of inflation and the asset is increased, a Chinese business leaders in general have been agreed with the need for greater currency flexibility and rely on domestic demand. (GoFinance)
::Sector Technology & Commodities Push Wall Street Stronger>>
Go Finance Reporting NEW YORK - The stock market is the United States (U.S.) close higher led by technology and commodities sectors. Even the S & P 500 closed at its highest level during the last 29 months.
The stock market seems to react to the Fed's statement that says high unemployment is a proof of purchase of bonds worth $ 600 billion was needed.
While strong earnings continue to support the strengthening of the stock market. Fastest moving technology sector with a high producer of network equipment company Juniper Networks, which recorded profits beyond expectations. Its shares rose 6.4 percent to USD37, 05.
"The market seems to have come back into focus.'s Economy and a brilliant return to investors back into the market. Technology sector is leading sectors in the market and its performance affects the whole market," explained said the chief investment officer at Harris Private Bank in Chicago Jack Ablin, as quoted by Reuters .
On the other hand, commodity stocks got a boost after Allegheny Technologies Inc. forecast strong sales in 2011, coupled with a higher base price for the metal. Its share price rose 11.8 percent to USD65, 29.
At the close of trading on Wednesday (26/01/2011), Dow Jones Industrial edged up 8.25 points, or 0.07 percent ending at 11,985.44. The broader Standard & Poor's 500 rose 5.45 points, or 0.42 percent, to 1296.63. Likewise with the Nasdaq Composite Index rose 20.25 points, or 0.74 percent to 2739.50. (GoFinance)
The stock market seems to react to the Fed's statement that says high unemployment is a proof of purchase of bonds worth $ 600 billion was needed.
While strong earnings continue to support the strengthening of the stock market. Fastest moving technology sector with a high producer of network equipment company Juniper Networks, which recorded profits beyond expectations. Its shares rose 6.4 percent to USD37, 05.
"The market seems to have come back into focus.'s Economy and a brilliant return to investors back into the market. Technology sector is leading sectors in the market and its performance affects the whole market," explained said the chief investment officer at Harris Private Bank in Chicago Jack Ablin, as quoted by Reuters .
On the other hand, commodity stocks got a boost after Allegheny Technologies Inc. forecast strong sales in 2011, coupled with a higher base price for the metal. Its share price rose 11.8 percent to USD65, 29.
At the close of trading on Wednesday (26/01/2011), Dow Jones Industrial edged up 8.25 points, or 0.07 percent ending at 11,985.44. The broader Standard & Poor's 500 rose 5.45 points, or 0.42 percent, to 1296.63. Likewise with the Nasdaq Composite Index rose 20.25 points, or 0.74 percent to 2739.50. (GoFinance)
::Mining Sector Bring IHSG Become Stronger!>>
Go Finance Report Johannesburg - The mining sector-led, Composite Stock Price Index (IHSG), a positive move her amid mixed Asian indices.
IHSG, in trading on Thursday (01/27/2011) rose 11.71 points, or 0.3 percent, to 3513.43. LQ45 rose 2.74 points, or 0.4 percent, to 621.16 and the Jakarta Islamic Index (JII) rose 3.99 points, or 0.8 percent, to 494.48.
Index of Asia seem to be moving mixed this morning. The Hang Seng fell 3.7 points to 23,839, and the Nikkei rose 27.52 points to 10,429. While Straits Times fell 5.09 poi to 3215.
While supporting the sector stock index gained moving evenly. Plantation sector rose 9.16 points, or 0.4 percent, mining sector rose 44.28 points, or 1.4 percent, the consumption sector rose 6.96 points, or 0.7 per cent and manufacturing sector rose 5.38 points, or 0.7 percent.
The volume of transactions recorded 224.19 million shares worth Rp351, 49 billion. As many as 52 stocks advanced, 65 stocks and 23 stocks fell stagnant.
Stocks that move strengthened (Top gainers) is PT Bayan Resources Tbk (ITMG) rose Rp1.600 to Rp51.000, PT Astra International Tbk (ASII) rose Rp700 to Rp51.100, PT Bukit Asam Tbk (PTBA) rose Rp400 to Rp20.500 and PT Astra Agro Lestari Tbk (AALI) rose Rp250 to Rp22.600.
While the stock is moving down (top lossers) is PT Fast Food Indonesia Tbk (FAST) dropped 500 to Rp8.500, PT Bank Danamon Tbk (BDMN) Down 200 to Rp6.050, XL Axiata PT Tbk (EXCL) down 100 to Rp5 .350 and PT Kalber Farma Tbk (KLBF) dropped 50 to Rp2.950. (GoFinance)
IHSG, in trading on Thursday (01/27/2011) rose 11.71 points, or 0.3 percent, to 3513.43. LQ45 rose 2.74 points, or 0.4 percent, to 621.16 and the Jakarta Islamic Index (JII) rose 3.99 points, or 0.8 percent, to 494.48.
Index of Asia seem to be moving mixed this morning. The Hang Seng fell 3.7 points to 23,839, and the Nikkei rose 27.52 points to 10,429. While Straits Times fell 5.09 poi to 3215.
While supporting the sector stock index gained moving evenly. Plantation sector rose 9.16 points, or 0.4 percent, mining sector rose 44.28 points, or 1.4 percent, the consumption sector rose 6.96 points, or 0.7 per cent and manufacturing sector rose 5.38 points, or 0.7 percent.
The volume of transactions recorded 224.19 million shares worth Rp351, 49 billion. As many as 52 stocks advanced, 65 stocks and 23 stocks fell stagnant.
Stocks that move strengthened (Top gainers) is PT Bayan Resources Tbk (ITMG) rose Rp1.600 to Rp51.000, PT Astra International Tbk (ASII) rose Rp700 to Rp51.100, PT Bukit Asam Tbk (PTBA) rose Rp400 to Rp20.500 and PT Astra Agro Lestari Tbk (AALI) rose Rp250 to Rp22.600.
While the stock is moving down (top lossers) is PT Fast Food Indonesia Tbk (FAST) dropped 500 to Rp8.500, PT Bank Danamon Tbk (BDMN) Down 200 to Rp6.050, XL Axiata PT Tbk (EXCL) down 100 to Rp5 .350 and PT Kalber Farma Tbk (KLBF) dropped 50 to Rp2.950. (GoFinance)
Wednesday, January 26, 2011
::The Gold Price Down! >>
Go Finance Reporting SINGAPORE - Despite the forecast to be at an average price of USD1.450 per ounce so far this year, the price of gold is now increasingly sagging.
Gold which is a safe-haven commodities experienced a reduction in value lately. Commodity prices are falling along with other industrial commodities, namely crude oil fell by 1.5 percent and copper fell to its lowest point since late December.
As disclosed Barclays Capital in its analysis that reported by Reuters on Wednesday (01/26/2011), discharge of gold investors due to the economy begins to improve is the reason gold prices are weakening.
Investor sentiment towards gold has worsened in the last few sessions. This is reflected in the step of investors who get out of exchange traded funds (ETF), the largest recorded gold in one day.
On Wednesday (01/26/2011), price of gold in the spot market fell 0.2 percent to USD1.332, 04 per ounce, after earlier reaching the lowest point in three months at USD1.322, 70. While in the futures market, gold prices for February delivery fell U.S. $ 12, 2 to USD1.332, 30.
The spot price on a path to a decline of 6 percent in January, which will become the largest monthly fall since a decrease of 7 percent in December 2009. The sale is largely a consequence of the current run of positive economic data.
Currently, strong consumer demand, especially from Asia to drive gold prices strengthen. However, trade data in the Commodity Futures Trading Commission (CFTC) showed interest in investment, measured by the position of the bullish speculative net long gold futures in the U.S., fell to its lowest level since July of 2009. (GoFinance)
Gold which is a safe-haven commodities experienced a reduction in value lately. Commodity prices are falling along with other industrial commodities, namely crude oil fell by 1.5 percent and copper fell to its lowest point since late December.
As disclosed Barclays Capital in its analysis that reported by Reuters on Wednesday (01/26/2011), discharge of gold investors due to the economy begins to improve is the reason gold prices are weakening.
Investor sentiment towards gold has worsened in the last few sessions. This is reflected in the step of investors who get out of exchange traded funds (ETF), the largest recorded gold in one day.
On Wednesday (01/26/2011), price of gold in the spot market fell 0.2 percent to USD1.332, 04 per ounce, after earlier reaching the lowest point in three months at USD1.322, 70. While in the futures market, gold prices for February delivery fell U.S. $ 12, 2 to USD1.332, 30.
The spot price on a path to a decline of 6 percent in January, which will become the largest monthly fall since a decrease of 7 percent in December 2009. The sale is largely a consequence of the current run of positive economic data.
Currently, strong consumer demand, especially from Asia to drive gold prices strengthen. However, trade data in the Commodity Futures Trading Commission (CFTC) showed interest in investment, measured by the position of the bullish speculative net long gold futures in the U.S., fell to its lowest level since July of 2009. (GoFinance)
::Hesitates investors, Wall Street Flat>>
Go Finance Reporting NEW YORK - The stock market is the United States (U.S.) appears to be moving flat due to his mixed-finance reports released by the issuers. After a positive financial reports flooded the market, now the financial statements of 3M and Johnson & Johnson observed negative.
Whereas approximately 70 percent of company profits which is a supporter of the S & P estimates so far have passed. But concerns about inflation seemed still to haunt and make steps that market participants hesitate to enter the market.
3M Co. Stock prices dropped two percent to USD88, 50 after the company estimated the increase in raw material costs will hit bottom line it generates.
"Today the market just a little tired and overbought," said the chief investment strategist at Robert W. Baird & Co. Bruce Bittles, as quoted by Reuters, in Nashville. "But sales have been effective, including today. Should the current sentiment pushed stock indices to move higher," he added.
At the close of trading on Tuesday (01/25/2011), Dow Jones Industrial fell 3.33 points, or 0.03 percent, to 11977.19. While the broader Standard & Poor's 500 index rose 0.34 points, or 0.03 percent, to 1,291.18. And the Nasdaq Composite Index rose 1.70 points, or 0.06 percent, to 2719.25. (GoFinance)
Whereas approximately 70 percent of company profits which is a supporter of the S & P estimates so far have passed. But concerns about inflation seemed still to haunt and make steps that market participants hesitate to enter the market.
3M Co. Stock prices dropped two percent to USD88, 50 after the company estimated the increase in raw material costs will hit bottom line it generates.
"Today the market just a little tired and overbought," said the chief investment strategist at Robert W. Baird & Co. Bruce Bittles, as quoted by Reuters, in Nashville. "But sales have been effective, including today. Should the current sentiment pushed stock indices to move higher," he added.
At the close of trading on Tuesday (01/25/2011), Dow Jones Industrial fell 3.33 points, or 0.03 percent, to 11977.19. While the broader Standard & Poor's 500 index rose 0.34 points, or 0.03 percent, to 1,291.18. And the Nasdaq Composite Index rose 1.70 points, or 0.06 percent, to 2719.25. (GoFinance)
::Capital Outflow hit by the rupiah will weaken! >>
Go Finance Reporting Jakarta - The rupiah exchange rate is projected to weaken on trade will come back this time. The reason, foreign investors appear to still be possible to remove funds from Indonesia (capital ouflow).
"We estimate the strengthening of yesterday is still fragile and temporary. Bearish trend is still quite strong due to global investors tend to be in a position of cash for better opportunities. We expect the rupiah will weaken again thin," said analyst Samuel Lana Soelistianingsih Securities Indonesia in Jakarta in his research, Wednesday (01/26/2011).
According to him, the rupiah exchange rate will be in the range of Rp9.050-Rp9.060 per USD in trading today.
Previously, the rupiah and other Asian currencies in trading yesterday closed stronger against the USD despite crude oil prices closed down earlier. Rupiah closed at Rp9.039 per USD (Bloomberg middle rates) or gained Rp28, 5.
Meanwhile, according to the prevailing Bank Indonesia (BI) on Tuesday (25/1/2011) rupiah strengthened to Rp9.052 per USD, compared to the previous day which was closed in the range of Rp9.059 per USD. And according yahoofinance, is on Rp9.042 rupiah per U.S. dollar.
Reinforcement also occurs in IHSG which closed up to 3433.91, following an increase in exchanges of Tokyo and Seoul. Meanwhile, the price of WTI crude oil is still pressed down to USD85, 14 per barrel. The weakening of oil prices brought the price reduction effect on some other food commodities, but other metal commodities are still recorded an increase. (GoFinance)
"We estimate the strengthening of yesterday is still fragile and temporary. Bearish trend is still quite strong due to global investors tend to be in a position of cash for better opportunities. We expect the rupiah will weaken again thin," said analyst Samuel Lana Soelistianingsih Securities Indonesia in Jakarta in his research, Wednesday (01/26/2011).
According to him, the rupiah exchange rate will be in the range of Rp9.050-Rp9.060 per USD in trading today.
Previously, the rupiah and other Asian currencies in trading yesterday closed stronger against the USD despite crude oil prices closed down earlier. Rupiah closed at Rp9.039 per USD (Bloomberg middle rates) or gained Rp28, 5.
Meanwhile, according to the prevailing Bank Indonesia (BI) on Tuesday (25/1/2011) rupiah strengthened to Rp9.052 per USD, compared to the previous day which was closed in the range of Rp9.059 per USD. And according yahoofinance, is on Rp9.042 rupiah per U.S. dollar.
Reinforcement also occurs in IHSG which closed up to 3433.91, following an increase in exchanges of Tokyo and Seoul. Meanwhile, the price of WTI crude oil is still pressed down to USD85, 14 per barrel. The weakening of oil prices brought the price reduction effect on some other food commodities, but other metal commodities are still recorded an increase. (GoFinance)
Tuesday, January 25, 2011
::Members of OPEC Could Increase Oil Production>>
Go Finance Reporting Riyadh - OPEC members expected to increase their oil production to meet demand in 2011 that could rose two percent. While oil prices are expected to survive like last year.
As non-OPEC oil producers are expected also to increase their production, OPEC countries will also increase their supply to global markets to meet increasing global demand, "said Minister of Petroleum and Mineral Resources of Saudi Arabia, Ali al-Naimi, quoted by AFP , on Tuesday (01/25/2011).
He was also hoping oil prices remain at the same level as last year. He was also speculated there price increases to two percent.
Head of largest OPEC oil producer said he was optimistic about the oil market situation this year is expected to experience a balance between supply and demand.
International Energy Agency (IEA), energy policy institutions and monitors 34-member Organization for Economic Cooperation and Development, said on January 18, then that growth in oil demand in 2010 is in one of the strongest level in three decades.
For your information, oil demand grew by 3.2 percent or an increase of 2.7 million barrels per day (MBD) year-on-year to 87.7 MBD.
In a report in the latest Oil Market, the IEA warned that oil prices approaching U.S. $ 100 per barrel, giving rise to real risks for the world economy. Oil prices at these figures to be a burden because of the higher five percent of gross domestic product. (GoFinance)
As non-OPEC oil producers are expected also to increase their production, OPEC countries will also increase their supply to global markets to meet increasing global demand, "said Minister of Petroleum and Mineral Resources of Saudi Arabia, Ali al-Naimi, quoted by AFP , on Tuesday (01/25/2011).
He was also hoping oil prices remain at the same level as last year. He was also speculated there price increases to two percent.
Head of largest OPEC oil producer said he was optimistic about the oil market situation this year is expected to experience a balance between supply and demand.
International Energy Agency (IEA), energy policy institutions and monitors 34-member Organization for Economic Cooperation and Development, said on January 18, then that growth in oil demand in 2010 is in one of the strongest level in three decades.
For your information, oil demand grew by 3.2 percent or an increase of 2.7 million barrels per day (MBD) year-on-year to 87.7 MBD.
In a report in the latest Oil Market, the IEA warned that oil prices approaching U.S. $ 100 per barrel, giving rise to real risks for the world economy. Oil prices at these figures to be a burden because of the higher five percent of gross domestic product. (GoFinance)
::Dow Jones Cs Shining in the Early Week>>
Go Finance Reporting New York - The stock market is the United States (U.S.) re-listed strengthening earlier in the week. Strengthening is led by the issuer based on natural resources and technology. In fact, this sector weakened over the weekend.
Intel stock market participants appear turn optimism. Shares of this company to strengthen the positive result of the company generated profit. While over three quarters in the year 2010 a number of issuers S &) recorded a higher profit than analysts.
"Gain a strong push to move the market higher, and I do not see the possibility of correction seen until season (profit) is over," said president Keith Springer Springer Financial Advisors in Sacramento, California, as quoted by Reuters.
"Even after a season of financial famine is over, I do not think we will see a big correction, but probably just a pause or a break because there are no major fundamental problem," he explained.
But the trading volume generated on this day was the lowest in at 7.02 billion shares traded on the New York Stock Exchange, American Stock Exchange and Nasdaq. While the daily average in 2010 and was 8.47 billion shares.
At the close of trading on Monday (1/24/2010) local time, the Dow Jones rose 108.68 points, or 0.92 percent at 11980.52. Index Standard & Poor's 500 rose 7.49 points, or 0.58 percent at 1290.84. The Nasdaq Composite Index rose 28.01 points, or 1.04 percent at 2717.55. (GoFinance)
Intel stock market participants appear turn optimism. Shares of this company to strengthen the positive result of the company generated profit. While over three quarters in the year 2010 a number of issuers S &) recorded a higher profit than analysts.
"Gain a strong push to move the market higher, and I do not see the possibility of correction seen until season (profit) is over," said president Keith Springer Springer Financial Advisors in Sacramento, California, as quoted by Reuters.
"Even after a season of financial famine is over, I do not think we will see a big correction, but probably just a pause or a break because there are no major fundamental problem," he explained.
But the trading volume generated on this day was the lowest in at 7.02 billion shares traded on the New York Stock Exchange, American Stock Exchange and Nasdaq. While the daily average in 2010 and was 8.47 billion shares.
At the close of trading on Monday (1/24/2010) local time, the Dow Jones rose 108.68 points, or 0.92 percent at 11980.52. Index Standard & Poor's 500 rose 7.49 points, or 0.58 percent at 1290.84. The Nasdaq Composite Index rose 28.01 points, or 1.04 percent at 2717.55. (GoFinance)
::Japan Will Reform Social Security>>
Go Finance Reporting Tokyo - Japan is currently facing a tax increase "inevitable" to help offset the cost of elderly people. This condition can result in increased public debt Affairs Sakura.
Japanese Prime Minister Naoto Kan while speaking at the opening session of the court stating that his government was working on drafting a proposal for fundamental reform of social security system which will be submitted end of June.
"Our country faces the need to reform the social security system drastically. This is the social and economic assumptions that are built has changed, "said Kan in Tokyo, as quoted by AFP.
"It's not inevitable that we're asking the public to bear the burden to some extent," he said.
According to Kan, Japan can not survive longer with the financial resources due to growing social security costs to swell. Likewise, the savings in public works and other government projects are judged to be quite helpful.
"The government will reveal the basic policy of reform of social security and tax systems, including the consumption tax of five percent in June," said Kan.
In June, the government will also continue to make the decision to join the Trans-Pacific trade pact or not. If you continue, Japan must eliminate trade barriers that had been fortified Japanese economy, especially in the agricultural sector.
Previous government's decision to suspend the Trans-Pacific free trade because of the refusal of the farmers who are concerned about cheap imports from the United States (U.S.) evaluated could threaten the agricultural industry. Critics of the Trans-Pacific believes that the revitalization is needed today.
Japan's public debt has reached $ 5 trillion, including the cost of welfare and revenue deficit due to the Japanese population is rapidly aging and add further pressure.
So far, the Government Kan finance the fiscal gap by raising debt in the domestic market. About 95 percent of state debt originated from within the country through banks and pension schemes.
Meanwhile, Economy Minister Kaoru Yosano Japan Economic Ministers urged the central bank took action against the deflation that has occurred in 2000 despite a mild scale. (GoFinance)
Japanese Prime Minister Naoto Kan while speaking at the opening session of the court stating that his government was working on drafting a proposal for fundamental reform of social security system which will be submitted end of June.
"Our country faces the need to reform the social security system drastically. This is the social and economic assumptions that are built has changed, "said Kan in Tokyo, as quoted by AFP.
"It's not inevitable that we're asking the public to bear the burden to some extent," he said.
According to Kan, Japan can not survive longer with the financial resources due to growing social security costs to swell. Likewise, the savings in public works and other government projects are judged to be quite helpful.
"The government will reveal the basic policy of reform of social security and tax systems, including the consumption tax of five percent in June," said Kan.
In June, the government will also continue to make the decision to join the Trans-Pacific trade pact or not. If you continue, Japan must eliminate trade barriers that had been fortified Japanese economy, especially in the agricultural sector.
Previous government's decision to suspend the Trans-Pacific free trade because of the refusal of the farmers who are concerned about cheap imports from the United States (U.S.) evaluated could threaten the agricultural industry. Critics of the Trans-Pacific believes that the revitalization is needed today.
Japan's public debt has reached $ 5 trillion, including the cost of welfare and revenue deficit due to the Japanese population is rapidly aging and add further pressure.
So far, the Government Kan finance the fiscal gap by raising debt in the domestic market. About 95 percent of state debt originated from within the country through banks and pension schemes.
Meanwhile, Economy Minister Kaoru Yosano Japan Economic Ministers urged the central bank took action against the deflation that has occurred in 2000 despite a mild scale. (GoFinance)
::Sweet! IHSG Opened 16 Points Stronger>>
Go Finance Reporting Jakarta - Composite Stock Price Index (IHSG) looked confident on this morning. Encouraged by the positive sentiment from regional stock indices also seem to be moving gained 16 points.
IHSG, in early trading Tuesday (1/25/2011) immediately rose 16.22 points, or 0.5 percent, to 3362.28. LQ45 index rose 4.24 points, or 0.7 percent, to 589.46 and the Jakarta Islamic Index (JII) rose 2.76 points, or 0.6 percent, to 467.46.
Following the U.S. stock market positive, the index in Asia also looked strong majority. The Nikkei rose 97.5 points to 10442.6, the Hang Seng gained 117.44 points to 23919.2 and the Straits Times rose 4.42 points to 3190.
Supporting sector index gained moving compact. Estate sector rose 19.5 points or one percent, the mining sector rose 23.1 points or 0.7 percent, and the consumption sector rose 8.06 points, or 0.8 percent.
Transaction volume, there were 81.96 million shares amounting to Rp147, 9 billion. A total of 78 stocks moved higher, seven stocks fell and 36 shares remain stagnant.
Stocks that move strengthened (Top gainers) is PT Astra International Tbk (ASII) rose Rp700 to Rp46.750, PT Bayan Resources Tbk (ITMG) rose 650 to Rp46.700, PT United Tractors Tbk (UNTR) rose Rp600 to Rp20. 800, and PT Federal (AUTO) rose Rp500 to Rp12.800.
While the stock is moving down (top lossers) is Inovisi Infracom PT Tbk (INVS) dropped 50 to Rp5.950, PT Kimia Tbk Tjiwi Paper Factory (TKIM) dropped 50 to Rp2.700 and PT Bank Mega Tbk (MEGA) dropped to Rp25 Rp3.150. (GoFinance)
IHSG, in early trading Tuesday (1/25/2011) immediately rose 16.22 points, or 0.5 percent, to 3362.28. LQ45 index rose 4.24 points, or 0.7 percent, to 589.46 and the Jakarta Islamic Index (JII) rose 2.76 points, or 0.6 percent, to 467.46.
Following the U.S. stock market positive, the index in Asia also looked strong majority. The Nikkei rose 97.5 points to 10442.6, the Hang Seng gained 117.44 points to 23919.2 and the Straits Times rose 4.42 points to 3190.
Supporting sector index gained moving compact. Estate sector rose 19.5 points or one percent, the mining sector rose 23.1 points or 0.7 percent, and the consumption sector rose 8.06 points, or 0.8 percent.
Transaction volume, there were 81.96 million shares amounting to Rp147, 9 billion. A total of 78 stocks moved higher, seven stocks fell and 36 shares remain stagnant.
Stocks that move strengthened (Top gainers) is PT Astra International Tbk (ASII) rose Rp700 to Rp46.750, PT Bayan Resources Tbk (ITMG) rose 650 to Rp46.700, PT United Tractors Tbk (UNTR) rose Rp600 to Rp20. 800, and PT Federal (AUTO) rose Rp500 to Rp12.800.
While the stock is moving down (top lossers) is Inovisi Infracom PT Tbk (INVS) dropped 50 to Rp5.950, PT Kimia Tbk Tjiwi Paper Factory (TKIM) dropped 50 to Rp2.700 and PT Bank Mega Tbk (MEGA) dropped to Rp25 Rp3.150. (GoFinance)
::Will rupiah weakened again?>>
Go Finance Reporting Jakarta - The rupiah seems to be back down again. The fall in commodity prices to be the indication.
"The decline in WTI oil prices will make Asian markets likely to continue decline including one on trade today,"said analyst Samuel Lana Soelistianingsih Securities Indonesia in his research in Jakarta, Tuesday (25/01/2011).
He predicted the rupiah weakened likely to range Rp9.065 thin-Rp9.075 per USD.
Previously, the rupiah weakened in thin trading yesterday, Monday (24/1/2011) closed at Rp9.068 per USD (Bloomberg middle rate), but several other Asian currencies like the won, Singapore dollar notes strengthening against the U.S. dollar States (U.S.).
According to the exchange rate of Bank Indonesia (BI), the rupiah closed stronger to position Rp9.059 per USD, compared with last weekend's trade that is in Rp9.075 per USD.
Meanwhile, according yahoofinance, the rupiah is in a position Rp9.077, 5 per USD, with the trading range from 0.5 to 9 .097,5 Rp9.052 per USD. Observed, U.S. dollar also gained on a number of other currencies. The euro weakened to as low as 1.3574 per USD, while the yen weakened to 82.815 per U.S. dollar.
Meanwhile, most Asian stocks fell, including stock index closed down to 3346.08. While the price of WTI crude oil closed back down to USD86, 67 per barrel. (GoFinance)
"The decline in WTI oil prices will make Asian markets likely to continue decline including one on trade today,"said analyst Samuel Lana Soelistianingsih Securities Indonesia in his research in Jakarta, Tuesday (25/01/2011).
He predicted the rupiah weakened likely to range Rp9.065 thin-Rp9.075 per USD.
Previously, the rupiah weakened in thin trading yesterday, Monday (24/1/2011) closed at Rp9.068 per USD (Bloomberg middle rate), but several other Asian currencies like the won, Singapore dollar notes strengthening against the U.S. dollar States (U.S.).
According to the exchange rate of Bank Indonesia (BI), the rupiah closed stronger to position Rp9.059 per USD, compared with last weekend's trade that is in Rp9.075 per USD.
Meanwhile, according yahoofinance, the rupiah is in a position Rp9.077, 5 per USD, with the trading range from 0.5 to 9 .097,5 Rp9.052 per USD. Observed, U.S. dollar also gained on a number of other currencies. The euro weakened to as low as 1.3574 per USD, while the yen weakened to 82.815 per U.S. dollar.
Meanwhile, most Asian stocks fell, including stock index closed down to 3346.08. While the price of WTI crude oil closed back down to USD86, 67 per barrel. (GoFinance)
Monday, January 24, 2011
::Dollar Stronger, IHSG Down!>>
Go Finance Reporting - The exchange rate appears to be moving along with the dollar weakening United States (U.S.), which strengthened. A stronger U.S. dollar is due to positive expectations for the U.S. economy in 2011.
The rupiah, according to the exchange rate of Bank Indonesia (BI) on Monday (1/24/2011) to a position close higher Rp9.059 per USD, compared with last weekend's trade that is in Rp9.075 per USD.
Meanwhile, according yahoofinance, the rupiah is in a position Rp9.077, 5 per USD, with the trading range from 0.5 to 9 .097,5 Rp9.052 per USD. Observed, U.S. dollar also gained on a number of other currencies. The euro weakened to as low as 1.3574 per USD, while the yen weakened to 82.815 per U.S. dollar.
Indonesia Securities analyst Samuel, Lana Soelistianingsih said the U.S. economy in the fourth quarter of 2010 and then grew more rapidly, driven by consumer spending which grew significantly by 5.5 percent in December 2010 and then compared to the previous month (month on month / mom), which is the level the highest in four years.
Government policies such as tax cuts, improving incentives for unemployed people unemployed for a long time, income tax withholding (payroll taxes) equal to two percent. Other data that support is in the business side that showed increased its investment spending, even though home prices are still low.
Exports mainly to China also showed improvement. Demand for durable goods rose 1.5 percent mom in December 2010. U.S. GDP in the fourth quarter of 2010 is estimated to grow 3.5 percent (year on year / yoy) as a result of a Bloomberg survey, well above the growth in the third quarter of 2010 and which reached 2.6 percent yoy.
"With the developments over the U.S. economy is expected to grow faster in 2011, let alone the Fed still has about $ 600 that can still be injected into the market," said Lana in his research. (GoFinance)
The rupiah, according to the exchange rate of Bank Indonesia (BI) on Monday (1/24/2011) to a position close higher Rp9.059 per USD, compared with last weekend's trade that is in Rp9.075 per USD.
Meanwhile, according yahoofinance, the rupiah is in a position Rp9.077, 5 per USD, with the trading range from 0.5 to 9 .097,5 Rp9.052 per USD. Observed, U.S. dollar also gained on a number of other currencies. The euro weakened to as low as 1.3574 per USD, while the yen weakened to 82.815 per U.S. dollar.
Indonesia Securities analyst Samuel, Lana Soelistianingsih said the U.S. economy in the fourth quarter of 2010 and then grew more rapidly, driven by consumer spending which grew significantly by 5.5 percent in December 2010 and then compared to the previous month (month on month / mom), which is the level the highest in four years.
Government policies such as tax cuts, improving incentives for unemployed people unemployed for a long time, income tax withholding (payroll taxes) equal to two percent. Other data that support is in the business side that showed increased its investment spending, even though home prices are still low.
Exports mainly to China also showed improvement. Demand for durable goods rose 1.5 percent mom in December 2010. U.S. GDP in the fourth quarter of 2010 is estimated to grow 3.5 percent (year on year / yoy) as a result of a Bloomberg survey, well above the growth in the third quarter of 2010 and which reached 2.6 percent yoy.
"With the developments over the U.S. economy is expected to grow faster in 2011, let alone the Fed still has about $ 600 that can still be injected into the market," said Lana in his research. (GoFinance)
::The Black Gold Stable at Level USD89/Barel >>
Go Finance Report - Crude oil prices in Asian markets still survive at the level of USD89 per barrel due to mixed movements in regional markets and expectations for the Chinese government will take further action to reduce the rate of economic tension.
As quoted by the Associated Press (AP), Monday (01/24/2011), price of oil for March delivery rose 25 cents to as low as USD89, 36 per barrel in electronic trading on the New York Mercantile Exchange (Nymex).
Oil prices have plummeted from levels of USD93 per barrel after China's economic indicators in the fourth quarter of 2010 and then show the acceleration, but inflation remains high.
Investors are worried the Chinese side will take steps to slow its growth which was feared to reduce demand for crude oil from the largest energy consumer in the world.
In other Nymex trading in the contract of February, heating oil up 2.1 cents to $ 2, 67 per gallon and gasoline rose 1.2 cents to $ 2, 47 per gallon. Natural gas rose 8.2 cents to $ 4, 82 per 1,000 cubic feet. In London, Brent crude rose 48 cents at USD98, 08 per barrel on the ICE futures exchange. (GoFinance)
As quoted by the Associated Press (AP), Monday (01/24/2011), price of oil for March delivery rose 25 cents to as low as USD89, 36 per barrel in electronic trading on the New York Mercantile Exchange (Nymex).
Oil prices have plummeted from levels of USD93 per barrel after China's economic indicators in the fourth quarter of 2010 and then show the acceleration, but inflation remains high.
Investors are worried the Chinese side will take steps to slow its growth which was feared to reduce demand for crude oil from the largest energy consumer in the world.
In other Nymex trading in the contract of February, heating oil up 2.1 cents to $ 2, 67 per gallon and gasoline rose 1.2 cents to $ 2, 47 per gallon. Natural gas rose 8.2 cents to $ 4, 82 per 1,000 cubic feet. In London, Brent crude rose 48 cents at USD98, 08 per barrel on the ICE futures exchange. (GoFinance)
::Early Week, IHSG Moving Hesitates >>
Go Finance Reporting - Composite Stock Price Index (IHSG) seem to be moving in doubt at the start of trading earlier this week. While the Asian indices moving two-way (mixed) this morning.
IHSG, on Monday (1/24/2011) opened down 2.12 points, or 0.1 percent, to 3377.42. While LQe45 looked down 0.56 points, or 0.1 percent, to 589.68 and the Jakarta Islamic Index (JII) fell 0.47 points, or 0.1 percent, to 470.39.
While the index in Asia appears to be moving mixed. The Nikkei rose 38.64 points to 10,313, but the Hang Seng fell 27.19 points to 23,849. While the Straits Times rose 21.2 points to 3205.92.
Supporting sector index looked down evenly. Estate sector down 2.97 points, or 0.1 percent, the consumption sector fell 1.18 points, or 0.1 percent, and infrastructure sectors fell 2.86 points, or 0.1 percent.
The volume of transactions recorded 142.9 million shares worth Rp244, 16 billion. A total of 47 stocks fell, 51 stocks advanced and 53 shares remain stagnant.
Stocks that move down (top lossers) is PT Bayan Resources Tbk (ITMG) down Rp1.200 to Rp46.750, PT Bukit Asam Tbk (PTBA) down 300 to Rp20.250, PT Astra International Tbk (ASII) down 300 to Inodnesia Rp46.850 and PT Unilever Tbk (UNVR) down Rp250 to Rp14.000.
While stocks are moving to strengthen (Top gainers) adalagh PT Malindo Feedmill Tbk (MAIN) rose Rp200 to Rp3.250, PT Bank Rakyat Indonesia Tbk (BBRI) rose Rp175 to Rp4.875, PT Medco Energy International Tbk (MEDC) rose 125 k eRp3.050 and PT Pan Brothers Tbk (PBRX) rose 50 to Rp1.510. (GoFinance)
IHSG, on Monday (1/24/2011) opened down 2.12 points, or 0.1 percent, to 3377.42. While LQe45 looked down 0.56 points, or 0.1 percent, to 589.68 and the Jakarta Islamic Index (JII) fell 0.47 points, or 0.1 percent, to 470.39.
While the index in Asia appears to be moving mixed. The Nikkei rose 38.64 points to 10,313, but the Hang Seng fell 27.19 points to 23,849. While the Straits Times rose 21.2 points to 3205.92.
Supporting sector index looked down evenly. Estate sector down 2.97 points, or 0.1 percent, the consumption sector fell 1.18 points, or 0.1 percent, and infrastructure sectors fell 2.86 points, or 0.1 percent.
The volume of transactions recorded 142.9 million shares worth Rp244, 16 billion. A total of 47 stocks fell, 51 stocks advanced and 53 shares remain stagnant.
Stocks that move down (top lossers) is PT Bayan Resources Tbk (ITMG) down Rp1.200 to Rp46.750, PT Bukit Asam Tbk (PTBA) down 300 to Rp20.250, PT Astra International Tbk (ASII) down 300 to Inodnesia Rp46.850 and PT Unilever Tbk (UNVR) down Rp250 to Rp14.000.
While stocks are moving to strengthen (Top gainers) adalagh PT Malindo Feedmill Tbk (MAIN) rose Rp200 to Rp3.250, PT Bank Rakyat Indonesia Tbk (BBRI) rose Rp175 to Rp4.875, PT Medco Energy International Tbk (MEDC) rose 125 k eRp3.050 and PT Pan Brothers Tbk (PBRX) rose 50 to Rp1.510. (GoFinance)
::Potential weakening, Level Support IHSG in 3313 >>
Go Finance Report - Potential Composite Stock Price Index (IHSG) to return to weaken still wide open at the beginning of this week. Support stock index this time was located at position 3313.
"IHSG is expected to move between 3.313-3.3471," said the Legal eTrading Securities in Jakarta.
He explained that if the index is still dependent on foreign sentiment. "IHSG is still influenced by foreign sentiment in view of economic conditions and monetary conditions in Indonesia," he said.
According to him, stocks to watch are PT Unilever Indonesia Tbk (UNVR), PT Bukit Asam Tbk (PTBA) and PT Bank Central Asia Tbk (BBCA).
But, really now it appears the negative sentiment coming from the U.S. stock market closing at the end of last week. In trading Friday (01/21/2011), The Dow Jones average rose 49.04 points, or 0.41 percent to 11871.84. S & P 500 Index rose 3.09 points, or 2.04 percent, to 1283.35. While the Nasdaq Composite index rose 14.74 points or 0.55 percent to 2689.54.
While IHSG, on Friday (01/21/2011) and then closed down 74.57 points, or 2.2 percent, to 3379.54. The amount of this decrease was lower than the end of Session I, which weakened 112.43 points, or 3.25 percent, to 3341.69. While the LQ45 index fell 15.48 points to 590.24 and the Jakarta Islamic Index (JII) dropped 13.89 points to 470.86.
The value of transactions recorded today Rp6, 366 trillion, with a volume of 3.838 billion shares. As many as 50 stocks advanced, 179 stocks fell, and 78 stocks remained unchanged in price. Action more foreign investors 'wild' by doing a net selling of up to Rp1, 037 trillion. (GoFinance)
"IHSG is expected to move between 3.313-3.3471," said the Legal eTrading Securities in Jakarta.
He explained that if the index is still dependent on foreign sentiment. "IHSG is still influenced by foreign sentiment in view of economic conditions and monetary conditions in Indonesia," he said.
According to him, stocks to watch are PT Unilever Indonesia Tbk (UNVR), PT Bukit Asam Tbk (PTBA) and PT Bank Central Asia Tbk (BBCA).
But, really now it appears the negative sentiment coming from the U.S. stock market closing at the end of last week. In trading Friday (01/21/2011), The Dow Jones average rose 49.04 points, or 0.41 percent to 11871.84. S & P 500 Index rose 3.09 points, or 2.04 percent, to 1283.35. While the Nasdaq Composite index rose 14.74 points or 0.55 percent to 2689.54.
While IHSG, on Friday (01/21/2011) and then closed down 74.57 points, or 2.2 percent, to 3379.54. The amount of this decrease was lower than the end of Session I, which weakened 112.43 points, or 3.25 percent, to 3341.69. While the LQ45 index fell 15.48 points to 590.24 and the Jakarta Islamic Index (JII) dropped 13.89 points to 470.86.
The value of transactions recorded today Rp6, 366 trillion, with a volume of 3.838 billion shares. As many as 50 stocks advanced, 179 stocks fell, and 78 stocks remained unchanged in price. Action more foreign investors 'wild' by doing a net selling of up to Rp1, 037 trillion. (GoFinance)
::Rupiah Projected Down! >>
Go Finance Reporting - The exchange rate is projected to weaken in the early going again this week, along with the trend of weakening commodity prices.
"The decline in WTI oil price at the close of last week will make the Asian market will still be corrected including the rupiah," said analyst Samuel Lana Soelistianingsih Securities Indonesia in his research in Jakarta on Monday (1/24/2011).
Lana estimate likely rupiah weakened to a range of thin-Rp9.070 Rp9.065 per USD.
At the close of trading last week, on Friday (01/21/2011), exchange rate relatively stable in R.9.063 per USD. Based on the exchange rate of Bank Indonesia (BI), the rupiah in late trading Juma (01/21/2011) are in a position Rp9.075 per USD, weaker than the previous day in Rp9.068 per USD.
Meanwhile, according yahoofinance, the rupiah is on the level of Rp9.087, 5 per USD. With a daily trading range is 0.5 to 9 .102,5 Rp9.087 per USD.
Other Asian currencies tend to weaken against the USD. While the index in most of Asia still continued weakening of the stock, including stock index closed down to 3379.54. Meanwhile, the price of WTI crude oil, closed back down to USD87, 96 per barrel. (GoFinance)
"The decline in WTI oil price at the close of last week will make the Asian market will still be corrected including the rupiah," said analyst Samuel Lana Soelistianingsih Securities Indonesia in his research in Jakarta on Monday (1/24/2011).
Lana estimate likely rupiah weakened to a range of thin-Rp9.070 Rp9.065 per USD.
At the close of trading last week, on Friday (01/21/2011), exchange rate relatively stable in R.9.063 per USD. Based on the exchange rate of Bank Indonesia (BI), the rupiah in late trading Juma (01/21/2011) are in a position Rp9.075 per USD, weaker than the previous day in Rp9.068 per USD.
Meanwhile, according yahoofinance, the rupiah is on the level of Rp9.087, 5 per USD. With a daily trading range is 0.5 to 9 .102,5 Rp9.087 per USD.
Other Asian currencies tend to weaken against the USD. While the index in most of Asia still continued weakening of the stock, including stock index closed down to 3379.54. Meanwhile, the price of WTI crude oil, closed back down to USD87, 96 per barrel. (GoFinance)
Friday, January 21, 2011
::China to Control Inflation, Oil Prices slopes>>
Go Finance Report - Crude oil prices finally dived under USD90 per barrel level in Asian spot market this afternoon.
The decline is still influenced by the statements of China's economic growth and inflation that makes some investors wait for aggressive steps the Chinese government to slow economic growth that it feared could suppress domestic demand for crude oil is Panda.
As quoted by the Associated Press (AP), Friday (01/21/2011), price of crude oil for March delivery edged up 14 cents to USD98, 73 per barrel in electronic trading on the New York Mercantile Exchange (Nymex).
Due to the Chinese report, traders speculate read Chinese government steps to try to take further steps to control the cost of living continues to rise. China becomes strong consumer commodities such as wheat and oil resulting from rapid economic progress.
However, some investors worried that China will more precisely controlling inflation than economic growth. "China today might be more motivated to control inflation rather than to encourage growth," says energy consultant Cameron Hanover in a report.
Oil prices were also detained by the U.S. Energy Department weekly report that showed rising U.S. stockpiles to oil, gasoline and distillates, including heating oil and diesel. All are higher than the average of five years, an indication that demand for energy to stay warm.
Energy Department says natural gas supplies fell more than expected last week, because of very cold weather covered most states. But inventories are still approximately two percent above the average of five years.
In other Nymex trading in the contract of February, heating oil fell 0.4 cents to $ 2, 619 per gallon, while gasoline rose by 0.5 percent to USD2, 428 per gallon. Natural gas added 1.7 cents to $ 4, 71 per 1,000 cubic feet. Meanwhile, in London, Brent crude fell eight cents to USD96, 50 per barrel on the ICE futures exchange. (GoFinance)
The decline is still influenced by the statements of China's economic growth and inflation that makes some investors wait for aggressive steps the Chinese government to slow economic growth that it feared could suppress domestic demand for crude oil is Panda.
As quoted by the Associated Press (AP), Friday (01/21/2011), price of crude oil for March delivery edged up 14 cents to USD98, 73 per barrel in electronic trading on the New York Mercantile Exchange (Nymex).
Due to the Chinese report, traders speculate read Chinese government steps to try to take further steps to control the cost of living continues to rise. China becomes strong consumer commodities such as wheat and oil resulting from rapid economic progress.
However, some investors worried that China will more precisely controlling inflation than economic growth. "China today might be more motivated to control inflation rather than to encourage growth," says energy consultant Cameron Hanover in a report.
Oil prices were also detained by the U.S. Energy Department weekly report that showed rising U.S. stockpiles to oil, gasoline and distillates, including heating oil and diesel. All are higher than the average of five years, an indication that demand for energy to stay warm.
Energy Department says natural gas supplies fell more than expected last week, because of very cold weather covered most states. But inventories are still approximately two percent above the average of five years.
In other Nymex trading in the contract of February, heating oil fell 0.4 cents to $ 2, 619 per gallon, while gasoline rose by 0.5 percent to USD2, 428 per gallon. Natural gas added 1.7 cents to $ 4, 71 per 1,000 cubic feet. Meanwhile, in London, Brent crude fell eight cents to USD96, 50 per barrel on the ICE futures exchange. (GoFinance)
::Capital Outflow, Rupiah Falls to Rp9.075/USD>>
Go Finance Reporting - Along with the impeachment Composite Stock Price Index (IHSG) and the strong United States dollar (U.S.), the rupiah was again dropped.
Based on the exchange rate of Bank Indonesia (BI), the rupiah in late trade journals (01/21/2011) are in a position Rp9.075 per USD, weaker than the previous day in Rp9.068 per USD.
Meanwhile, according yahoofinance, the rupiah is on the level of Rp9.087, 5 per USD. With a daily trading range is 0.5 to 9 .102,5 Rp9.087 per USD.
The dollar also seem to be rallying on a number of other currencies. Against the euro, the dollar climbed to 1.3547 per U.S. dollar. While against the yen, the dollar is in the position of Rp82, 755 per USD.
Capital outfolw seems to be a threat to the rupiah. Nasution BI governor also confirmed about the capital outflow is happening now.
"Not great but there's only, because that happens not only outflow but moved from one instrument to another," Nasution said. (GoFinance)
Based on the exchange rate of Bank Indonesia (BI), the rupiah in late trade journals (01/21/2011) are in a position Rp9.075 per USD, weaker than the previous day in Rp9.068 per USD.
Meanwhile, according yahoofinance, the rupiah is on the level of Rp9.087, 5 per USD. With a daily trading range is 0.5 to 9 .102,5 Rp9.087 per USD.
The dollar also seem to be rallying on a number of other currencies. Against the euro, the dollar climbed to 1.3547 per U.S. dollar. While against the yen, the dollar is in the position of Rp82, 755 per USD.
Capital outfolw seems to be a threat to the rupiah. Nasution BI governor also confirmed about the capital outflow is happening now.
"Not great but there's only, because that happens not only outflow but moved from one instrument to another," Nasution said. (GoFinance)
::Stock Market Down, Gold Prices Rise!>>
Go Finance Reporting - The price of gold in the spot market have increased, although thin after earlier falling to two percent.
It is inversely proportional to the performance of global stock sector weakened. The trigger was the U.S. stock market (U.S.) thin weakened due to lack of technology and materials sectors. This is because the profits from this sector is not as expected.
In fact, gold is now entering a trend apparently due to the weakening United States dollar (U.S.) who always suffered due to the strengthening of the data showed the U.S. economy at the level of growth.
As quoted by Reuters on Friday (01/21/2011), price of gold in the spot market edged up 0.1 percent to USD1.346, 91 per ounce after earlier in the lowest position in the last two months of USD1.342, 65 in session previously. Meanwhile, gold prices in the U.S. futures market was little changed to USD1.346, 7.
While the price of silver in the spot market moves steady at USD27, 53, from the lowest level in two months USD27, 40 in the previous session. Silver is the worst commodity to precious metals, silver fell almost 11 percent throughout the year.
U.S. home sales figures back home in the U.S. jumped more than expected in December and claims for new jobless claims last week experienced their biggest decline in nearly a year, showed two key economy improves.
While the dollar strengthened overnight as a result the data that sparked optimism emerged. As a result, the euro becomes very cheap. Investors are also now wary of the strengthening dollar center. (GoFinance)
It is inversely proportional to the performance of global stock sector weakened. The trigger was the U.S. stock market (U.S.) thin weakened due to lack of technology and materials sectors. This is because the profits from this sector is not as expected.
In fact, gold is now entering a trend apparently due to the weakening United States dollar (U.S.) who always suffered due to the strengthening of the data showed the U.S. economy at the level of growth.
As quoted by Reuters on Friday (01/21/2011), price of gold in the spot market edged up 0.1 percent to USD1.346, 91 per ounce after earlier in the lowest position in the last two months of USD1.342, 65 in session previously. Meanwhile, gold prices in the U.S. futures market was little changed to USD1.346, 7.
While the price of silver in the spot market moves steady at USD27, 53, from the lowest level in two months USD27, 40 in the previous session. Silver is the worst commodity to precious metals, silver fell almost 11 percent throughout the year.
U.S. home sales figures back home in the U.S. jumped more than expected in December and claims for new jobless claims last week experienced their biggest decline in nearly a year, showed two key economy improves.
While the dollar strengthened overnight as a result the data that sparked optimism emerged. As a result, the euro becomes very cheap. Investors are also now wary of the strengthening dollar center. (GoFinance)
::Venezuela, Owner's Largest Oil Reserves>>
Go Finance Report - Venezuela said, has taken over the position of Saudi Arabia as a country that has the largest oil reserves in the world. Countries bordering the Caribbean Sea is claimed to have the largest crude oil reserves, namely about 300 billion barrels.
"At the end of 2010, we have 217 billion barrels of oil. Earlier this year, we were able to certify 297 billion barrels, "said Venezuelan Oil Minister Rafael Ramirez said.
As a comparison, based on data from the Organization of Petroleum Exporting Countries (OPEC), the world's largest oil producer, Saudi Arabia, currently has 266 billion barrels of crude oil.
Venezuela, known as a leading oil exporter in Latin America has been claimed continued increase in proven oil reserves in recent years. These claims include 23 percent increase in oil reserves last year, mainly due to oil in the Orinoco Belt certification. Venezuelan President Hugo Chavez hailed the new figures are fantastic from the country's oil reserves. According to him, the number of fossil energy sources that will ensure long-term energy sustainability Venezuela.
"With these reserves to the present and the speed of our operation, Venezuela has enough oil for 200 years. There is no country on this planet who has oil for 200 years, "said Chavez.
Currently, the official Spanish-speaking country is producing about three million barrels of crude per day. Of these only 2.3 million barrels that is committed to OPEC. According to the International Energy Agency, Venezuela is the eighth largest oil producer in the world.
Total crude oil reserves of this country's new management company managed the state-owned oil giant, Petroleos de Venezuela since 2007. The company has mastered at least a 60 percent stake in all projects in line with the nationalization of Venezuela's oil company from foreign hands.
Ramirez said the total reserves, including 220 billion barrels of oil in the Orinoco Belt serves as a resource base and solid foundation for all additional plans. Orinoco Belt has an area of 55,314 km2 and is located in eastern Venezuela. United States Geological Survey (U.S.) last year estimated there are 513 billion barrels of "heavy oil are technically recoverable" in the Orinoco Belt.
However, experts believe the exploitation of the region expensive cost of having to take the extract and refine heavy and extra heavy oil in the area. (GoFinance)
"At the end of 2010, we have 217 billion barrels of oil. Earlier this year, we were able to certify 297 billion barrels, "said Venezuelan Oil Minister Rafael Ramirez said.
As a comparison, based on data from the Organization of Petroleum Exporting Countries (OPEC), the world's largest oil producer, Saudi Arabia, currently has 266 billion barrels of crude oil.
Venezuela, known as a leading oil exporter in Latin America has been claimed continued increase in proven oil reserves in recent years. These claims include 23 percent increase in oil reserves last year, mainly due to oil in the Orinoco Belt certification. Venezuelan President Hugo Chavez hailed the new figures are fantastic from the country's oil reserves. According to him, the number of fossil energy sources that will ensure long-term energy sustainability Venezuela.
"With these reserves to the present and the speed of our operation, Venezuela has enough oil for 200 years. There is no country on this planet who has oil for 200 years, "said Chavez.
Currently, the official Spanish-speaking country is producing about three million barrels of crude per day. Of these only 2.3 million barrels that is committed to OPEC. According to the International Energy Agency, Venezuela is the eighth largest oil producer in the world.
Total crude oil reserves of this country's new management company managed the state-owned oil giant, Petroleos de Venezuela since 2007. The company has mastered at least a 60 percent stake in all projects in line with the nationalization of Venezuela's oil company from foreign hands.
Ramirez said the total reserves, including 220 billion barrels of oil in the Orinoco Belt serves as a resource base and solid foundation for all additional plans. Orinoco Belt has an area of 55,314 km2 and is located in eastern Venezuela. United States Geological Survey (U.S.) last year estimated there are 513 billion barrels of "heavy oil are technically recoverable" in the Orinoco Belt.
However, experts believe the exploitation of the region expensive cost of having to take the extract and refine heavy and extra heavy oil in the area. (GoFinance)
::Dow Jones weakened 0.02% Due to Pressure Technology Sector>>
Go Finance Report - Market shares of the United States (U.S.) thin weakened due to lack of technology and materials sectors. This is because the profits from this sector is not in accordance with that estimate.
But, the decline in this index is lighter than the previous day, when the market suffered the deepest decline in the previous two years.
Morgan Stanley posted stronger earnings than expected and helped to strengthen the banking sector. Shares of Morgan Stanley rose 4.6 percent to USD29.02.
But F5 Networks fell 21.4 percent to USD109, 15 and pull the Nasdaq lower after the market leader in network optimization weak second-quarter revenue estimate.
"The market seems faced with a pull pull a weakening technology sector and financial sector strengthening. This continues to happen throughout the trade," said managing director at Rosenblatt Securities, Joseph Beranti as quoted by Reuters, in New York.
"Actually a lot of news that will warm into the motor movement of the index. But the news from the tech sector will not be a market driver, because there is the financial sector to follow. And put a halt to the weakening that happens," he added.
Meanwhile, shares of Google Inc. rose 2.2 percent to USD640, 79 in net revenue after reporting better than expected for the fourth quarter. Number one search engine on the internet is among the most closely watched its share price movement. Moreover, there was news of its founder Larry Page will replace Eric Schmidt in April as executive director.
On the other hand, Freeport-McMoRan Copper & Gold Inc. lost 3.7 percent to USD110, 90 after the sale, the copper is projected to go down and costs will rise. Natural resources stocks also came under pressure after data showing strong growth in China has sparked fears the country might need to tighten credit to check inflation.
In trading on Thursday (01/20/2011) local time, the Dow Jones Industrial fell 2.49 points, or 0.02 percent, to 11822.80. Standard & Poor's index fell 1.66 points, or 0.13 percent, to 1280.26. And the Nasdaq Composite Index fell 21.07 points, or 0.77 percent to 2704.29. (GoFinance)
But, the decline in this index is lighter than the previous day, when the market suffered the deepest decline in the previous two years.
Morgan Stanley posted stronger earnings than expected and helped to strengthen the banking sector. Shares of Morgan Stanley rose 4.6 percent to USD29.02.
But F5 Networks fell 21.4 percent to USD109, 15 and pull the Nasdaq lower after the market leader in network optimization weak second-quarter revenue estimate.
"The market seems faced with a pull pull a weakening technology sector and financial sector strengthening. This continues to happen throughout the trade," said managing director at Rosenblatt Securities, Joseph Beranti as quoted by Reuters, in New York.
"Actually a lot of news that will warm into the motor movement of the index. But the news from the tech sector will not be a market driver, because there is the financial sector to follow. And put a halt to the weakening that happens," he added.
Meanwhile, shares of Google Inc. rose 2.2 percent to USD640, 79 in net revenue after reporting better than expected for the fourth quarter. Number one search engine on the internet is among the most closely watched its share price movement. Moreover, there was news of its founder Larry Page will replace Eric Schmidt in April as executive director.
On the other hand, Freeport-McMoRan Copper & Gold Inc. lost 3.7 percent to USD110, 90 after the sale, the copper is projected to go down and costs will rise. Natural resources stocks also came under pressure after data showing strong growth in China has sparked fears the country might need to tighten credit to check inflation.
In trading on Thursday (01/20/2011) local time, the Dow Jones Industrial fell 2.49 points, or 0.02 percent, to 11822.80. Standard & Poor's index fell 1.66 points, or 0.13 percent, to 1280.26. And the Nasdaq Composite Index fell 21.07 points, or 0.77 percent to 2704.29. (GoFinance)
Thursday, January 20, 2011
::RI Pride Among Developing Countries>>
Go Finance Report - Indonesia will become a pride among developing countries although it is still overshadowed by the concerns about the impact of inflation and debt crisis of the European countries.
This was revealed by President Director of CIMB Securites Bernard Thien in the event of CIMB Group's Market Outlook 2011, the Private Dinning Room 1 & 2, Hotel Ritz Carlton, Pacific Place, Jakarta, Thursday (01/20/2011).
"Although there are concerns about the impact of uncontrolled inflation, economic recovery from the U.S. and the debt crisis in European countries, Indonesia will still be a pride among developing countries," he said.
He explained, still favor Indonesia among other developing countries due to high rates of return on investment within five years.
Also, see the growth in gross domestic product (GDP) of Indonesia which grew by 4.5 percent, even in 2010, growth reached more than six percent. "We see also Indonesia's GDP growth of 4.5 percent," he said. (GoFinance)
This was revealed by President Director of CIMB Securites Bernard Thien in the event of CIMB Group's Market Outlook 2011, the Private Dinning Room 1 & 2, Hotel Ritz Carlton, Pacific Place, Jakarta, Thursday (01/20/2011).
"Although there are concerns about the impact of uncontrolled inflation, economic recovery from the U.S. and the debt crisis in European countries, Indonesia will still be a pride among developing countries," he said.
He explained, still favor Indonesia among other developing countries due to high rates of return on investment within five years.
Also, see the growth in gross domestic product (GDP) of Indonesia which grew by 4.5 percent, even in 2010, growth reached more than six percent. "We see also Indonesia's GDP growth of 4.5 percent," he said. (GoFinance)
::India Companies Interested in Uranium From Indonesia >>
Go Finance Reporting - The Indonesian government expressed when processing ore mining company from India, Primex, interested in Indonesia to process iron sand.
Minister of Industry, MS Hidayat explained the Ministry of Industry (Kemenperin) will sign a memorandum of agreement with Primex to increase the value of iron sand Indonesia.
"Kemenperin will sign with a private company, Primex his name, to process the added value of iron sand, iron sand," said Minister of SOEs Mustafa Abubakar, when met at the Office of Coordinating Ministry for Economic Affairs, Jalan Banteng Square, Jakarta, Thursday (20/01/2011) .
But according to Mustafa, currently benefit from the memorandum of agreement is being reviewed. Himself explained, if an agreement is reached, Indonesia no longer need to export the raw iron sand.
"It's not contrived its value added, value added, titanium, uranium, but the sand itself dipulangan again to Indonesia, so it would not export raw sand as we now do in the PRC," he explained.
According to Hidayat, the implementation of cooperation with Primex to go through further study and should be there under guard from the industry, in which the government would find "he added."
"But it must be through the study. Therefore, the desire Primex (investing) in such other countries must be escorted by government.'s Why working with for Industry, because that would oversee the industry is right or wrong. If true, then we will swatch his counterpart here, "said Hidayat.
For your information, Indians who want to process iron sand from Indonesia will later be processed into various kinds of material that is more useful, such as titanium, and uranium (nuclear power plant materials). (GoFinance)
Minister of Industry, MS Hidayat explained the Ministry of Industry (Kemenperin) will sign a memorandum of agreement with Primex to increase the value of iron sand Indonesia.
"Kemenperin will sign with a private company, Primex his name, to process the added value of iron sand, iron sand," said Minister of SOEs Mustafa Abubakar, when met at the Office of Coordinating Ministry for Economic Affairs, Jalan Banteng Square, Jakarta, Thursday (20/01/2011) .
But according to Mustafa, currently benefit from the memorandum of agreement is being reviewed. Himself explained, if an agreement is reached, Indonesia no longer need to export the raw iron sand.
"It's not contrived its value added, value added, titanium, uranium, but the sand itself dipulangan again to Indonesia, so it would not export raw sand as we now do in the PRC," he explained.
According to Hidayat, the implementation of cooperation with Primex to go through further study and should be there under guard from the industry, in which the government would find "he added."
"But it must be through the study. Therefore, the desire Primex (investing) in such other countries must be escorted by government.'s Why working with for Industry, because that would oversee the industry is right or wrong. If true, then we will swatch his counterpart here, "said Hidayat.
For your information, Indians who want to process iron sand from Indonesia will later be processed into various kinds of material that is more useful, such as titanium, and uranium (nuclear power plant materials). (GoFinance)
::RI-India Cooperation Approval 15 Reaches $ 15 Billion>>
Go Finance Reporting - The government claims more than 15 have signed a memorandum of agreement with the value reached $ 15 billion with India.
Coordinating Minister Hatta Rajasa said that President Susilo Bambang Yudhoyono (SBY) will be the guest of honor in order to invite the President of India in late January.
In the event, there will also be talks related to economic development and cooperation will be the signing of 15 agreements reached $ 15 billion.
"If baseball is the birthday of the country while developing economic ties between the two countries. It would be a lot of cooperation to be signed over 15 agreements worth $ 15 billion," Hatta said when met at his office, Jakarta, Thursday (01/20/2011) .
Hatta added that if this opportunity can also be used in a promotional event. "This is our campaign we will also describe about our economic corridor, the areas which we will develop," he added.
The form of the agreement include the development of railways. In addition, the Chamber of Commerce and Industry (Kadin) Indonesia will also meet with Indian Chamber of Commerce.
"Suppose such as construction of railway in South Sumatra. It's worth $ 1, 5 billion-$ 2 billion. Not to mention another MoU. But clearly it is just for example," he said. (GoFinance)
Coordinating Minister Hatta Rajasa said that President Susilo Bambang Yudhoyono (SBY) will be the guest of honor in order to invite the President of India in late January.
In the event, there will also be talks related to economic development and cooperation will be the signing of 15 agreements reached $ 15 billion.
"If baseball is the birthday of the country while developing economic ties between the two countries. It would be a lot of cooperation to be signed over 15 agreements worth $ 15 billion," Hatta said when met at his office, Jakarta, Thursday (01/20/2011) .
Hatta added that if this opportunity can also be used in a promotional event. "This is our campaign we will also describe about our economic corridor, the areas which we will develop," he added.
The form of the agreement include the development of railways. In addition, the Chamber of Commerce and Industry (Kadin) Indonesia will also meet with Indian Chamber of Commerce.
"Suppose such as construction of railway in South Sumatra. It's worth $ 1, 5 billion-$ 2 billion. Not to mention another MoU. But clearly it is just for example," he said. (GoFinance)
::U.S and China Agree on Trade Agreement USD45 Billion>>
Go Finance Reporting - United States (U.S.) and China announced a number of trade agreements worth USD45 billion. Working together it signifies the efforts of two countries who are trying to narrow the economic strife.
The deal was presented during the U.S. President Barack Obama and Chinese President Hu Jintao met on Wednesday (1/19/11) in Washington. In the meeting at least 70 trade agreements agreed upon by the exporters from 12 U.S. states and the Chinese business delegation.
Obama expressed his hope that relations with China may signal a change to put aside the "old stereotypes" that allows U.S. companies easier company to benefit from China's economic growth.
"I truly believe that 'peace' China is good for the world, as well as for America," Obama said, quoted by AFP on Thursday (01/20/2011).
Obama added that cooperation package worth USD45 billion will be supporting 235 billion in U.S. jobs. But he also stated that there were still several obstacles "in the field" for U.S. companies refer to the disputes that often arise as a result of China's growing economic power.
Obama also called again the need for faster yuan strengthening against the dollar to reduce the low value of Chinese exports are artificially. But Hu responded that call by declaring that China will focus more on domestic growth which led the economy.
Chinese Vice Foreign Minister Cui Tiankai said the policy change Beijing's currency exchange rate will not change substantially because China will implement the policy gradually and carefully.
But the currency issue is expected to far from the reach of both countries who are economists continue to compete it. Obama and Hu chose to focus on trade agreements, including a massive order of 200 units of Boeing aircraft valued at USD19 billion.
The deal is one of the largest commercial transactions in the commercial airline business after competitors from Europe, namely Airbus, agreed on the procurement of aircraft valued at $ 15, 6 billion to airlines IndiGo India.
Evidence of economic cooperation focus of US-China seen from the presence of a number of U.S. business leaders at a dinner at the White House on Wednesday (19 / 1) local time, including Chief Executive Officer (CEO) Jim McNerney Boeing, Microsoft CEO Steve Ballmer, CEO of Goldman Sachs Lloyd Blankfein and General Electric CEO Jeff Immelt.
Analysts said the presence of U.S. businesses that are evidence of the relationship would be the emergence of business relationships quickly and deeply between the U.S. and the State Panda.
"It's part of the preparation. But it is very important given the political context between China and the U.S.," said Yukon Huang, an expert on Asia at the Carnegie Endowment for International Peace. (GoFinance)
The deal was presented during the U.S. President Barack Obama and Chinese President Hu Jintao met on Wednesday (1/19/11) in Washington. In the meeting at least 70 trade agreements agreed upon by the exporters from 12 U.S. states and the Chinese business delegation.
Obama expressed his hope that relations with China may signal a change to put aside the "old stereotypes" that allows U.S. companies easier company to benefit from China's economic growth.
"I truly believe that 'peace' China is good for the world, as well as for America," Obama said, quoted by AFP on Thursday (01/20/2011).
Obama added that cooperation package worth USD45 billion will be supporting 235 billion in U.S. jobs. But he also stated that there were still several obstacles "in the field" for U.S. companies refer to the disputes that often arise as a result of China's growing economic power.
Obama also called again the need for faster yuan strengthening against the dollar to reduce the low value of Chinese exports are artificially. But Hu responded that call by declaring that China will focus more on domestic growth which led the economy.
Chinese Vice Foreign Minister Cui Tiankai said the policy change Beijing's currency exchange rate will not change substantially because China will implement the policy gradually and carefully.
But the currency issue is expected to far from the reach of both countries who are economists continue to compete it. Obama and Hu chose to focus on trade agreements, including a massive order of 200 units of Boeing aircraft valued at USD19 billion.
The deal is one of the largest commercial transactions in the commercial airline business after competitors from Europe, namely Airbus, agreed on the procurement of aircraft valued at $ 15, 6 billion to airlines IndiGo India.
Evidence of economic cooperation focus of US-China seen from the presence of a number of U.S. business leaders at a dinner at the White House on Wednesday (19 / 1) local time, including Chief Executive Officer (CEO) Jim McNerney Boeing, Microsoft CEO Steve Ballmer, CEO of Goldman Sachs Lloyd Blankfein and General Electric CEO Jeff Immelt.
Analysts said the presence of U.S. businesses that are evidence of the relationship would be the emergence of business relationships quickly and deeply between the U.S. and the State Panda.
"It's part of the preparation. But it is very important given the political context between China and the U.S.," said Yukon Huang, an expert on Asia at the Carnegie Endowment for International Peace. (GoFinance)
::China's inflation to USD91/Barel Lower Oil Prices>>
Go Finance Report - Crude oil prices in Asian markets are still in the range of USD91 per barrel with a tendency of slight decrease. Today's price movement is influenced by reports that China's inflation rate soared, and investors who choose to install the wait and see attitude ahead of weekly report on crude inventories United States (U.S.).
As quoted by the Associated Press (AP) Thursday (20/01/2011). oil prices for March delivery fell 15 cents to as low as USD91, 66 per barrel in electronic trading on the New York Mercantile Exchange (Nymex)
China's economy recorded 9.8 percent growth in fourth quarter 2010, up from a 9.6 percent third quarter. However, these achievements are still less than the growth rate in the first quarter reached 11.9 percent. This achievement is influenced by the inflation factor that has skyrocketed in the country Panda.
Meanwhile, the black gold commodity traders are awaiting reports crude inventories from the U.S. Department of Energy as a guide to see the strength of demand in the future.
U.S. oil supplies will be announced on Thursday local time, back a day because of the Martin Luther King Jr. holiday on Monday. McGraw Hill Cos. predicted a decline in crude supplies by 2.2 million barrels.
Later, the figures published should also reflect the condition of Gold Alaskan pipeline leak last week which contributed 13 percent of daily oil production to delivery on the West Coast.
In other Nymex trading in the contract of February, heating oil down 0.1 cents to $ 2, 655 per gallon and gasoline slipped 0.1 cents to $ 2, 481 per gallon. Natural gas futures were up 1.5 cents to $ 4, 575 per 1,000 cubic feet. Meanwhile, in London, Brent crude fell 29 cents to settle at USD97, 87 per barrel on the ICE Futures exchange. (GoFinance)
As quoted by the Associated Press (AP) Thursday (20/01/2011). oil prices for March delivery fell 15 cents to as low as USD91, 66 per barrel in electronic trading on the New York Mercantile Exchange (Nymex)
China's economy recorded 9.8 percent growth in fourth quarter 2010, up from a 9.6 percent third quarter. However, these achievements are still less than the growth rate in the first quarter reached 11.9 percent. This achievement is influenced by the inflation factor that has skyrocketed in the country Panda.
Meanwhile, the black gold commodity traders are awaiting reports crude inventories from the U.S. Department of Energy as a guide to see the strength of demand in the future.
U.S. oil supplies will be announced on Thursday local time, back a day because of the Martin Luther King Jr. holiday on Monday. McGraw Hill Cos. predicted a decline in crude supplies by 2.2 million barrels.
Later, the figures published should also reflect the condition of Gold Alaskan pipeline leak last week which contributed 13 percent of daily oil production to delivery on the West Coast.
In other Nymex trading in the contract of February, heating oil down 0.1 cents to $ 2, 655 per gallon and gasoline slipped 0.1 cents to $ 2, 481 per gallon. Natural gas futures were up 1.5 cents to $ 4, 575 per 1,000 cubic feet. Meanwhile, in London, Brent crude fell 29 cents to settle at USD97, 87 per barrel on the ICE Futures exchange. (GoFinance)
::Euro weakens, gold was 0.1% sloping Participate>>
Go Finance Reporting - The price of gold in the Asian spot market eventually ramp after three consecutive days following the Euro rally. The investors own monitor China's key economic data to see the prospects of monetary policy are likely to occur in the country.
As quoted by Reuters on Thursday (01/20/2011), the spot price of gold fell 0.1 percent to a level of USD1.368, 45 per ounce. Meanwhile, gold futures market in the United States (U.S.) also declined 0.1 percent to USD1.368, 4 per ounce.
The decline was driven by a number of events taking place include the demand for new housing during last December showed the lowest decline in the past year, it is pointed out as major obstacles the U.S. economic recovery.
In addition, concerns about the debt crisis in the euro zone started to subside after Germany made plans for Greece to allow them to work harder to prevent a worse crisis. In China, reports China's economic growth is lower in the fourth quarter followed by higher inflation affect the decline in the commodity involved.
Meanwhile, market factors that affect the movement of gold today is the deepest decline in the S & P since the last two months which is influenced by the outcome of the shares of Goldman Sachs and Wells Fargo. In addition to Euro Tiu also surrender of profit taking after the Asian currency had rallied to level USD1, 35 per euro in the last eight weeks. (GoFinance)
As quoted by Reuters on Thursday (01/20/2011), the spot price of gold fell 0.1 percent to a level of USD1.368, 45 per ounce. Meanwhile, gold futures market in the United States (U.S.) also declined 0.1 percent to USD1.368, 4 per ounce.
The decline was driven by a number of events taking place include the demand for new housing during last December showed the lowest decline in the past year, it is pointed out as major obstacles the U.S. economic recovery.
In addition, concerns about the debt crisis in the euro zone started to subside after Germany made plans for Greece to allow them to work harder to prevent a worse crisis. In China, reports China's economic growth is lower in the fourth quarter followed by higher inflation affect the decline in the commodity involved.
Meanwhile, market factors that affect the movement of gold today is the deepest decline in the S & P since the last two months which is influenced by the outcome of the shares of Goldman Sachs and Wells Fargo. In addition to Euro Tiu also surrender of profit taking after the Asian currency had rallied to level USD1, 35 per euro in the last eight weeks. (GoFinance)
::IHSG slumped Closed>>
Go Finance Reporting - Composite Stock Price Index (IHSG) the close of trade today slumped. Negative sentiment globally and regionally to create a stock index slumped 80 points.
IHSG, on Thursday (01/20/2011) afternoon crash closed down 80.17 points, or 2.3 percent, to 3454.12. LQ45 sinkhole 16.01 points to 605.72 and the Jakarta Islamic Index (JII) dropped 15.52 points to 484.75.
The value of transactions recorded today Rp4, 193 trillion by volume of 3.573 billion shares. A total of 35 stocks advanced, 225 stocks fell, and 49 stocks remained unchanged in price. Foreign investors net selling finally take action Rp37, 89 billion.
Asian stocks are still reluctant to move from the red zone until this afternoon. The Nikkei 225 is still ambles 119.79 points, or 1.13 percent to 10,437.31, followed by Hang Seng an increasingly sinking to 415.92 points, or 1.7 percent to 24,003.7 and the Straits Times fell 40.81 points, or 1 , 26 per cent to 3201.15.
Meanwhile, European bourses also began trading under pressure. The FTSE 100 index fell 52.16 points, or 0.87 percent to 5923.73, the CAC 40 fell IDR5, 14 points or 0.13 percent, to 3971.57 and the DAX fell 23.64 points, or 0.33 percent to 7059.12 . The mining sector is still plummeted 128.43 points, followed by 70.77 points sinkhole plantation sector and consumption sector, down 30.32 points.
Stocks that move strengthened (Top gainers), of which PT Ace Hardware Page (ACES) rose Rp100 to Rp2.575, PT Bank Danamon Tbk (BDMN) rose Rp100 to Rp5.850, and PT Pioneerindo Gourmet International Tbk (PTSP) rose Rp90 to Rp465.
Meanwhile, stocks that move down (top lossers) of which PT Indo Tambangraya Megah Tbk (ITMG) down Rp2.100 to Rp48.850, PT Schering Plough Indonesia Tbk (SCPI) fall and Rp 2,000 to Rp32.000 PT Gudang Garam Tbk (GGRM) down Rp1.350 to Rp36.200. (GoFinance)
IHSG, on Thursday (01/20/2011) afternoon crash closed down 80.17 points, or 2.3 percent, to 3454.12. LQ45 sinkhole 16.01 points to 605.72 and the Jakarta Islamic Index (JII) dropped 15.52 points to 484.75.
The value of transactions recorded today Rp4, 193 trillion by volume of 3.573 billion shares. A total of 35 stocks advanced, 225 stocks fell, and 49 stocks remained unchanged in price. Foreign investors net selling finally take action Rp37, 89 billion.
Asian stocks are still reluctant to move from the red zone until this afternoon. The Nikkei 225 is still ambles 119.79 points, or 1.13 percent to 10,437.31, followed by Hang Seng an increasingly sinking to 415.92 points, or 1.7 percent to 24,003.7 and the Straits Times fell 40.81 points, or 1 , 26 per cent to 3201.15.
Meanwhile, European bourses also began trading under pressure. The FTSE 100 index fell 52.16 points, or 0.87 percent to 5923.73, the CAC 40 fell IDR5, 14 points or 0.13 percent, to 3971.57 and the DAX fell 23.64 points, or 0.33 percent to 7059.12 . The mining sector is still plummeted 128.43 points, followed by 70.77 points sinkhole plantation sector and consumption sector, down 30.32 points.
Stocks that move strengthened (Top gainers), of which PT Ace Hardware Page (ACES) rose Rp100 to Rp2.575, PT Bank Danamon Tbk (BDMN) rose Rp100 to Rp5.850, and PT Pioneerindo Gourmet International Tbk (PTSP) rose Rp90 to Rp465.
Meanwhile, stocks that move down (top lossers) of which PT Indo Tambangraya Megah Tbk (ITMG) down Rp2.100 to Rp48.850, PT Schering Plough Indonesia Tbk (SCPI) fall and Rp 2,000 to Rp32.000 PT Gudang Garam Tbk (GGRM) down Rp1.350 to Rp36.200. (GoFinance)
::Leave IHSG 3500 Level>>
Go Finance Reporting - Composite Stock Price Index (IHSG), the further negative sentiment dragged regional exchanges that make domestic investors to take profit taking. IHSG even be willing toppled from 3500 levels because they have lost 73 points in the trading session this morning.
IHSG, on Thursday (01/20/2011) The first session closed down 74.93 points, or 2.1 percent, to 3549.35. LQ45 too sinkhole 15.13 points to 606.6 and the Jakarta Islamic Index (JII) dropped 13.66 points to 486.61.
Transaction up to this afternoon recorded Rp2, 21 trillion with a transaction volume 1.745 billion shares. As many as 26 stocks advanced, 215 stocks fell, and 42 stocks remained unchanged in price. Action is still observed net foreign buying of Rp7, 321 billion.
Asian stocks slumped more in trade this afternoon. Nikkei up 117.06 points, or sinkhole 1.11 percent, Hang Seng tumbled to 306.79 more points or 1.26 percent, to 24112.83 and Strai Times ambles 21.68 points, or 0.67 percent to 3220.28.
The mining sector fell further to 102.47 points, followed by the plantation sector, down 53.44 points and the manufacturing sector fell 18.4 points.
Stocks that move strengthened (Top gainers), of which PT First Media Tbk (KBLV) rose Rp120 to Rp1.290. Pioneerindo Gourmet International Tbk PT (PTSP) rose to Rp465 Rp90, and PT Indocitra Finance Tbk (incf) rose 75 to Rp3.150.
Meanwhile, stocks that move down (top lossers) of which PT Schering Plough Indonesia Tbk (SCPI) down Rp2.000 to Rp32.000, PT Astra International Tbk (ASII) down Rp1.550 to Rp47.450, and PT Bayan Resources Tbk (ITMG) down Rp1.450 to Rp49.500. (GoFinance)
IHSG, on Thursday (01/20/2011) The first session closed down 74.93 points, or 2.1 percent, to 3549.35. LQ45 too sinkhole 15.13 points to 606.6 and the Jakarta Islamic Index (JII) dropped 13.66 points to 486.61.
Transaction up to this afternoon recorded Rp2, 21 trillion with a transaction volume 1.745 billion shares. As many as 26 stocks advanced, 215 stocks fell, and 42 stocks remained unchanged in price. Action is still observed net foreign buying of Rp7, 321 billion.
Asian stocks slumped more in trade this afternoon. Nikkei up 117.06 points, or sinkhole 1.11 percent, Hang Seng tumbled to 306.79 more points or 1.26 percent, to 24112.83 and Strai Times ambles 21.68 points, or 0.67 percent to 3220.28.
The mining sector fell further to 102.47 points, followed by the plantation sector, down 53.44 points and the manufacturing sector fell 18.4 points.
Stocks that move strengthened (Top gainers), of which PT First Media Tbk (KBLV) rose Rp120 to Rp1.290. Pioneerindo Gourmet International Tbk PT (PTSP) rose to Rp465 Rp90, and PT Indocitra Finance Tbk (incf) rose 75 to Rp3.150.
Meanwhile, stocks that move down (top lossers) of which PT Schering Plough Indonesia Tbk (SCPI) down Rp2.000 to Rp32.000, PT Astra International Tbk (ASII) down Rp1.550 to Rp47.450, and PT Bayan Resources Tbk (ITMG) down Rp1.450 to Rp49.500. (GoFinance)
::Banking Stocks Down Wall Street Not Create a Empowerment>>
Go Finance Reporting - Share prices on the floor of Wall Street experienced a sharp decline since last November after the bank reported a sharp decline of profits last year that brought a negative sentiment towards the market.
This happens at the Goldman Sachs Group Inc., which announced its earnings decline by 53 percent in the last quarter of last year because of slowdown in trading and investment banking business. Northern Trust Corp. and State Street Corp. also announced a reduction in lower profits.
Shares of Goldman Sachs, Bank of America Corp., JP Morgan Chase & Co. and Visa Inc. each fell more than two percent.
"Banking stocks are under pressure today because they do not make money in place you expect to gain trade advantage," said market analyst at Prudential Financial Quincy Krosby, as quoted by the Associated Press (AP), Thursday (01/20/2011).
The broader Standard & Poor's 500 index dropped 13.1 percent or one percent to 1281.92, this achievement was the biggest percentage drop in the benchmark index since 23 November. It was triggered from the 10 groups that make up the S & P 500 has decreased.
Meanwhile, the Nasdaq composite index fell 40.49 points, or 1.5 percent, to 2725.36. And the Dow Jones Index lost 12.64 points, or 0.1 percent, to 11825.29. You could say this decline in the Dow Jones index is better because it is still supported by a large company a big advantage among IBM Corp., which announced a sharp increase in profit. IBM shares soared from $ 5, 04 to USD155, 69. Consolidated trading volume amounted to 4.7 billion shares.
"Many companies have a lot of good news that affects their price. However, if there is news that could weaken their stocks out there then they will fell the most in," said a senior investment management Investment Worth Alan Gayle Ridge.
Meanwhile, the observed bond prices rose despite their slightly lower yield. The yield on the 10-year Treasury note fell to 3.34 percent from 3.37 percent late Tuesday. (GoFinance)
This happens at the Goldman Sachs Group Inc., which announced its earnings decline by 53 percent in the last quarter of last year because of slowdown in trading and investment banking business. Northern Trust Corp. and State Street Corp. also announced a reduction in lower profits.
Shares of Goldman Sachs, Bank of America Corp., JP Morgan Chase & Co. and Visa Inc. each fell more than two percent.
"Banking stocks are under pressure today because they do not make money in place you expect to gain trade advantage," said market analyst at Prudential Financial Quincy Krosby, as quoted by the Associated Press (AP), Thursday (01/20/2011).
The broader Standard & Poor's 500 index dropped 13.1 percent or one percent to 1281.92, this achievement was the biggest percentage drop in the benchmark index since 23 November. It was triggered from the 10 groups that make up the S & P 500 has decreased.
Meanwhile, the Nasdaq composite index fell 40.49 points, or 1.5 percent, to 2725.36. And the Dow Jones Index lost 12.64 points, or 0.1 percent, to 11825.29. You could say this decline in the Dow Jones index is better because it is still supported by a large company a big advantage among IBM Corp., which announced a sharp increase in profit. IBM shares soared from $ 5, 04 to USD155, 69. Consolidated trading volume amounted to 4.7 billion shares.
"Many companies have a lot of good news that affects their price. However, if there is news that could weaken their stocks out there then they will fell the most in," said a senior investment management Investment Worth Alan Gayle Ridge.
Meanwhile, the observed bond prices rose despite their slightly lower yield. The yield on the 10-year Treasury note fell to 3.34 percent from 3.37 percent late Tuesday. (GoFinance)
::IHSG Will Shaded Positive Sentiment>>
Go Finance Report - In today's trading, the Composite Index (IHSG) are likely to be driven by positive sentiment from the global and regional market movements, which are still recorded positive, although there is still the threat of inflation in the domestic market.
"IHSG itself in today's trading is expected to move in 3506-3569 range," said team eTrading Securities analyst, in a newsletter, in Jakarta, Thursday (01/20/2011).
Team eTrading analysts reveal if there are some stocks to watch for, among others, PT Telekomunikasi Indonesia Tbk (TLKM), PT Bukit Asam Tbk (PTBA) and PT Astra International Tbk (ASII).
As is known, in trading Wednesday, January 19, IHSG closed thin corrected. Moreover, in trading yesterday had been a demise of the data feed system at the Indonesia Stock Exchange, so that "obscure" the closing stock in BEI.
"The decline in stock index yesterday following a decline in the majority of shares of LQ45. Most of the investors at today's still wait and see attitude following the fears of inflation are still threatened," he explained.
Even at yesterday's foreign trade recorded conduct amounting to Rp147 billion net buy in the regular market, while the total market transactions as a whole was recorded at Rp 5 trillion. Technically seen the stochastic signal indicates a bearish signal to the volume of transactions that are still below the daily average so it can be interpreted that the IHSG was heading for consolidation phase. (GoFinance)
"IHSG itself in today's trading is expected to move in 3506-3569 range," said team eTrading Securities analyst, in a newsletter, in Jakarta, Thursday (01/20/2011).
Team eTrading analysts reveal if there are some stocks to watch for, among others, PT Telekomunikasi Indonesia Tbk (TLKM), PT Bukit Asam Tbk (PTBA) and PT Astra International Tbk (ASII).
As is known, in trading Wednesday, January 19, IHSG closed thin corrected. Moreover, in trading yesterday had been a demise of the data feed system at the Indonesia Stock Exchange, so that "obscure" the closing stock in BEI.
"The decline in stock index yesterday following a decline in the majority of shares of LQ45. Most of the investors at today's still wait and see attitude following the fears of inflation are still threatened," he explained.
Even at yesterday's foreign trade recorded conduct amounting to Rp147 billion net buy in the regular market, while the total market transactions as a whole was recorded at Rp 5 trillion. Technically seen the stochastic signal indicates a bearish signal to the volume of transactions that are still below the daily average so it can be interpreted that the IHSG was heading for consolidation phase. (GoFinance)
Wednesday, January 19, 2011
::Opened firmer, IHSG Jump corrected>>
Go Finance Reporting - Composite Stock Price Index (IHSG) was recorded immediately corrected thin, but when the opening was observed to strengthen a thin 2.14 index points.
IHSG Wednesday (01/19/2011) at 09:33 when opened higher JATS thin 2.14 points, or 0.06 percent equivalent. But a few moments later corrected thin 0.4 index points. Previously predicted volatile index will still be moving today.
As for the LQ45 index slumped 1.24 points to 623.08, while the position JII fell 1.34 to 500.91. The shares rose by 47 observed, there are 11 stocks fell, and 57 stocks still in place, aka stagnant.
The total transaction value amounted to Rp135, 76 billion, with volume of 72.34 million. In addition, until this morning, foreign buying action (net foreign) already Rp4, 16 billion, with volume of 11.91 million.
Stocks that move strengthened (Top gainers), of which PT Kalbe Farma Tbk (KBLV) rose Rp280 to Rp1.490, PT Gudang Garam Tbk (GGRM) rose 200 to Rp37.200, and PT PP Londong Sumatera Tbk (LSIP) rose 200 to Rp12.200.
Meanwhile, stocks that move down (top lossers) of which PT Unilever Indonesia Tbk (UNVR) down Rp250 to Rp15.850, PT Astra Agro Lestari Tbk (AALI) down 200 to Rp24.700, PT Bank Danamon Tbk (BDMN ) down Rp150 to Rp5.800, and PT Indocement Tbk (INTP) down 200 to Rp14.700. (GoFinance)
IHSG Wednesday (01/19/2011) at 09:33 when opened higher JATS thin 2.14 points, or 0.06 percent equivalent. But a few moments later corrected thin 0.4 index points. Previously predicted volatile index will still be moving today.
As for the LQ45 index slumped 1.24 points to 623.08, while the position JII fell 1.34 to 500.91. The shares rose by 47 observed, there are 11 stocks fell, and 57 stocks still in place, aka stagnant.
The total transaction value amounted to Rp135, 76 billion, with volume of 72.34 million. In addition, until this morning, foreign buying action (net foreign) already Rp4, 16 billion, with volume of 11.91 million.
Stocks that move strengthened (Top gainers), of which PT Kalbe Farma Tbk (KBLV) rose Rp280 to Rp1.490, PT Gudang Garam Tbk (GGRM) rose 200 to Rp37.200, and PT PP Londong Sumatera Tbk (LSIP) rose 200 to Rp12.200.
Meanwhile, stocks that move down (top lossers) of which PT Unilever Indonesia Tbk (UNVR) down Rp250 to Rp15.850, PT Astra Agro Lestari Tbk (AALI) down 200 to Rp24.700, PT Bank Danamon Tbk (BDMN ) down Rp150 to Rp5.800, and PT Indocement Tbk (INTP) down 200 to Rp14.700. (GoFinance)
::Dow Jones Cs Stronger Thanks to Google & Caterpillar>>
Go Finance Report - Market shares of the United States (U.S.) has increased thanks to Google and Caterpillar, whose performance is very positive. In fact, shares of Citigroup, and Apple's previously looked pressing stock index due to weak financial performance.
Apple Inc. shares initially slipped 2.3 percent to USD340, 65 prior to its financial statements released since said it planned to rationalize the number of employees. Shares of technology companies led the pressure on the stock index. Apple has a weight of approximately 21 percent on the Nasdaq edged up 0.2 percent.
"For me, it looks like it is disturbing news for companies. But for Apple, it will not be a problem," said managing director Stephen Massocca Wedbush Morgan in San Francisco as quoted by Reuters.
After the closing bell, Apple Inc reported earnings better than expected, driven by holiday sales of the iPhone and iPad blockbuster, making the stock rose 4.3 percent to USD355, 22 in the next trading session.
Before the earnings were released, has said he is confident Massocca iPad maker will report strong results. During the trading session, news about Apple and the decline in the company's stock has actually been offset by rising shares of Google.
Google shares rose 2.5 percent to USD639, 63. Google shares advanced after some brokers to increase their price target on the company's stock before the earnings number one search engine on the internet was released.
Dow also rose moderately, driven by rising shares of Caterpillar Inc. Shares of heavy equipment manufacturers rose to 2.8 per cent to USD96, 23 after Raymond James increase its price target earlier than USD95 to USD116.
Boeing Co. shares also rose 3.4 percent to USD72, 47, International Business Machines Corp. rose 2.7 percent to USD154, 70.
Apart from Apple, Citigroup Inc. shares also fell 6.4 percent to $ 4, 80 after the third largest in the U.S. reported a sharp decline in revenue from bond trading that drives profits below expectations.
At the close of trading on Tuesday (01/18/2011) local time, the Dow Jones industrial rose 50.55 points, or 0.43 percent to 11837.93. Standard & Poor's index rose 1.78 points, or 0.14 percent, to 1295.02. The Nasdaq Composite Index rose 10.55 points, or 0.38 percent to 2765.85. (GoFinance)
Apple Inc. shares initially slipped 2.3 percent to USD340, 65 prior to its financial statements released since said it planned to rationalize the number of employees. Shares of technology companies led the pressure on the stock index. Apple has a weight of approximately 21 percent on the Nasdaq edged up 0.2 percent.
"For me, it looks like it is disturbing news for companies. But for Apple, it will not be a problem," said managing director Stephen Massocca Wedbush Morgan in San Francisco as quoted by Reuters.
After the closing bell, Apple Inc reported earnings better than expected, driven by holiday sales of the iPhone and iPad blockbuster, making the stock rose 4.3 percent to USD355, 22 in the next trading session.
Before the earnings were released, has said he is confident Massocca iPad maker will report strong results. During the trading session, news about Apple and the decline in the company's stock has actually been offset by rising shares of Google.
Google shares rose 2.5 percent to USD639, 63. Google shares advanced after some brokers to increase their price target on the company's stock before the earnings number one search engine on the internet was released.
Dow also rose moderately, driven by rising shares of Caterpillar Inc. Shares of heavy equipment manufacturers rose to 2.8 per cent to USD96, 23 after Raymond James increase its price target earlier than USD95 to USD116.
Boeing Co. shares also rose 3.4 percent to USD72, 47, International Business Machines Corp. rose 2.7 percent to USD154, 70.
Apart from Apple, Citigroup Inc. shares also fell 6.4 percent to $ 4, 80 after the third largest in the U.S. reported a sharp decline in revenue from bond trading that drives profits below expectations.
At the close of trading on Tuesday (01/18/2011) local time, the Dow Jones industrial rose 50.55 points, or 0.43 percent to 11837.93. Standard & Poor's index rose 1.78 points, or 0.14 percent, to 1295.02. The Nasdaq Composite Index rose 10.55 points, or 0.38 percent to 2765.85. (GoFinance)
::Rupiah weakened forecast!>>
Go Finance Reporting - The exchange rate is projected would be weakened. The trigger is a decline in prices of some commodities.
"The decline in WTI prices in yesterday's trading could make Asian markets slid again today, including the rupiah. We expect the rupiah weakened likely to range Rp9.060 thin-Rp9.070 per USD,"said analyst Samuel Lana Soelisianingsih Securities Indonesia in Jakarta in his research , On Wednesday (01/19/2011).
Previously, the rupiah closed stronger but still within the range of stable. Rupiah closed at Rp9.055 per USD (Bloomberg middle rate) following the strengthening of some other Asian currencies like the won. Meanwhile, WTI crude oil prices fell slightly to USD91, 38 per barrel.
Meanwhile, according to the prevailing Bank Indonesia (BI), is on Rp9.065 rupiah per USD, same as the previous day's trading that also exist in the same position. But, according to yahoofinance, is on the level Rp9.057 rupiah per USD, with an average trading range of 0.5-Rp9 Rp9.57 .083,5 per USD.
The dollar also appears to weaken over other currencies. The euro rose to 1.3382 per USD, as well as the yen rose to 82.515 per U.S. dollar. (GoFinance)
"The decline in WTI prices in yesterday's trading could make Asian markets slid again today, including the rupiah. We expect the rupiah weakened likely to range Rp9.060 thin-Rp9.070 per USD,"said analyst Samuel Lana Soelisianingsih Securities Indonesia in Jakarta in his research , On Wednesday (01/19/2011).
Previously, the rupiah closed stronger but still within the range of stable. Rupiah closed at Rp9.055 per USD (Bloomberg middle rate) following the strengthening of some other Asian currencies like the won. Meanwhile, WTI crude oil prices fell slightly to USD91, 38 per barrel.
Meanwhile, according to the prevailing Bank Indonesia (BI), is on Rp9.065 rupiah per USD, same as the previous day's trading that also exist in the same position. But, according to yahoofinance, is on the level Rp9.057 rupiah per USD, with an average trading range of 0.5-Rp9 Rp9.57 .083,5 per USD.
The dollar also appears to weaken over other currencies. The euro rose to 1.3382 per USD, as well as the yen rose to 82.515 per U.S. dollar. (GoFinance)
::IHSG Ready to Continue Strengthening!>>
Go Finance Reporting - Composite Stock Price Index (IHSG ) is likely to be moving with high volatility. But, it is likely to continue to strengthen stock index is still wide open.
"IHSG is expected to move between 3509-3584," said the Legal eTrading Securities in Jakarta.
Today, the actual number of positive sentiment in the middle of the Indonesian stock market umbrella. Namely Indonesia became a Ba1 rating increase from the previous Ba2 by Moody's. Moodys step is also expected to be followed by other rating agencies.
In addition, positive sentiment also came from the United States stock market positive. At the close of trading on Tuesday (01/18/2011) local time, the Dow Jones industrial rose 50.55 points, or 0.43 percent to 11837.93. Standard & Poor's index rose 1.78 points, or 0.14 percent, to 1295.02. The Nasdaq Composite Index rose 10.55 points, or 0.38 percent to 2765.85.
However, the threat of inflation and increase the BI rate is still a threat that seems to make a hesitant market participants. Because the BI Rate was projected number of parties will be increased in the second quarter of this year.
According eTrading, with stocks that can be noted today is PT Bank Danamon Tbk (BDMN), PT Adaro Energy Tbk (ADRO) Tbk and PT International Nickel (INCO).
Earlier, in trading yesterday, Tuesday (18/01/2011) index closed up 12 points (0.37 percent), following the increase in most of the indices in Asia, to as low as 3548.65 with transaction value of Rp 2 trillion.
Increasing the index is still supported by mining and banking sectors. Recorded a net foreign conduct amounting to Rp38 billion to buy the most accessible sectors are banking and telecommunication. (GoFinance)
"IHSG is expected to move between 3509-3584," said the Legal eTrading Securities in Jakarta.
Today, the actual number of positive sentiment in the middle of the Indonesian stock market umbrella. Namely Indonesia became a Ba1 rating increase from the previous Ba2 by Moody's. Moodys step is also expected to be followed by other rating agencies.
In addition, positive sentiment also came from the United States stock market positive. At the close of trading on Tuesday (01/18/2011) local time, the Dow Jones industrial rose 50.55 points, or 0.43 percent to 11837.93. Standard & Poor's index rose 1.78 points, or 0.14 percent, to 1295.02. The Nasdaq Composite Index rose 10.55 points, or 0.38 percent to 2765.85.
However, the threat of inflation and increase the BI rate is still a threat that seems to make a hesitant market participants. Because the BI Rate was projected number of parties will be increased in the second quarter of this year.
According eTrading, with stocks that can be noted today is PT Bank Danamon Tbk (BDMN), PT Adaro Energy Tbk (ADRO) Tbk and PT International Nickel (INCO).
Earlier, in trading yesterday, Tuesday (18/01/2011) index closed up 12 points (0.37 percent), following the increase in most of the indices in Asia, to as low as 3548.65 with transaction value of Rp 2 trillion.
Increasing the index is still supported by mining and banking sectors. Recorded a net foreign conduct amounting to Rp38 billion to buy the most accessible sectors are banking and telecommunication. (GoFinance)
Tuesday, January 18, 2011
::OPEC Raises Forecast Consumption, Oil Prices slopes::
Go Finance Report - Crude oil in Asian markets down slightly sloping in the range of USD91 per barrel level after the organization of oil exporting countries (OPEC) predicted demand for crude oil will be higher than previously thought.
As quoted by the Associated Press (AP), Tuesday (01/18/2011), price of crude oil for February delivery fell 44 cents to as low as USD91, 1 per barrel in trading the New York Mercantile Exchange (Nymex). Meanwhile, trading in the U.S. market (U.S.) trading closed on Monday because of Martin Luther King holiday.
World oil prices have the support to be at a safe level after a report about the demand for OPEC crude oil production increased compared to the original prediction.
OPEC estimates that the average crude oil demand in 2011 could reach 29.4 million barrels per day or an increase of 0.4 million barrels per day compared to the year 2010. Meanwhile, compared with the original calculation, this figure increased by 0.2 million barrels per day.
In other Nymex trading in the contract of February, heating oil fell 1.6 cents to $ 2, 63 per gallon and gasoline fell 0.6 percent to USD2, 489 per gallon. Natural gas futures rose 4.5 cents to $ 4, 525 per 1,000 cubic feet. Meanwhile, in London, Brent crude rose 18 cents to USD97, 61 per barrel on the ICE Futures exchange. (GoFinance)
As quoted by the Associated Press (AP), Tuesday (01/18/2011), price of crude oil for February delivery fell 44 cents to as low as USD91, 1 per barrel in trading the New York Mercantile Exchange (Nymex). Meanwhile, trading in the U.S. market (U.S.) trading closed on Monday because of Martin Luther King holiday.
World oil prices have the support to be at a safe level after a report about the demand for OPEC crude oil production increased compared to the original prediction.
OPEC estimates that the average crude oil demand in 2011 could reach 29.4 million barrels per day or an increase of 0.4 million barrels per day compared to the year 2010. Meanwhile, compared with the original calculation, this figure increased by 0.2 million barrels per day.
In other Nymex trading in the contract of February, heating oil fell 1.6 cents to $ 2, 63 per gallon and gasoline fell 0.6 percent to USD2, 489 per gallon. Natural gas futures rose 4.5 cents to $ 4, 525 per 1,000 cubic feet. Meanwhile, in London, Brent crude rose 18 cents to USD97, 61 per barrel on the ICE Futures exchange. (GoFinance)
::Mining Sector Helps IHSG Stronger 12 pts>>
Go Finance Reporting - Composite Stock Price Index (IHSG ) finally able to print a positive result at the end of trading today. After a sluggish until the final seconds before the trade, the strengthening of IHSG finally able to print up to 12 points with a sustained strengthening in the mining sector.
After moving with high volatility throughout the trading day, Tuesday (01/18/2011), IHSG closed rose 12.92 points, or 0.4 percent, to 3548.65. LQ45 index rose 2.03 points to 624.32 and the Jakarta Islamic Index (JII) was also up 1.34 points to 502.26.
Transaction up to this afternoon was recorded at Rp4, 070 trillion, with a volume of 4.167 billion shares. As many as 119 stocks advanced, 101 stocks fell, and 84 stocks remained unchanged in price. Foreign investors have observed a positive action (net buying) amounted to Rp29, 72 billion.
Asian stocks this afternoon observed moving in both directions. Nikkei index remained at a safe level by increasing 16.12 points, or 0.15 percent to 10,518.98, followed by the Straits Times which edged up 1.49 points, or 0.05 percent to 3240.12. Meanwhile, the Hang Seng index slipped 2.99 points, or 0.01 percent, to 24153.98.
Unlike the Asian, European markets started the trade with a positive aura enveloped. The FTSE 100 index rose 53.52 points, or 0.9 percent, to 6039.37, DAX rose 51.16 points, or 0.72 percent to 7129.57 and the CAC 40 rose 31.99 points, or 0.8 percent to 4007.4 .
The mining sector continued to show gains by rising up 60.13 points, followed by infrastructure sector, which rose 7.61 points. Meanwhile, the consumption sector actually declined to 15.09 points, followed by the plantation sector, down 2.89 points.
Stocks that move strengthened (Top gainers), including PT Bank Danamon Tbk (BDMN) rose Rp600, PT Adira Dinamika Multifinance Tbk (ADMF) rose Rp400 to Rp11.750, and Series II Warrants PT First Media Tbk (KBLV-W2) ride Rp380 to Rp600.
Meanwhile, stocks that move down (top lossers) including PT Gudang Garam Tbk (GGRM) down Rp1.150 to Rp37.000, PT Merck Tbk (MERK) down 500 to Rp94.500, PT Astra International Tbk (ASII) down Rp450 to Inedonesia Rp47.000 and PT Unilever Tbk (UNVR) down Rp350 to Rp16.100.
(GoFinance)
After moving with high volatility throughout the trading day, Tuesday (01/18/2011), IHSG closed rose 12.92 points, or 0.4 percent, to 3548.65. LQ45 index rose 2.03 points to 624.32 and the Jakarta Islamic Index (JII) was also up 1.34 points to 502.26.
Transaction up to this afternoon was recorded at Rp4, 070 trillion, with a volume of 4.167 billion shares. As many as 119 stocks advanced, 101 stocks fell, and 84 stocks remained unchanged in price. Foreign investors have observed a positive action (net buying) amounted to Rp29, 72 billion.
Asian stocks this afternoon observed moving in both directions. Nikkei index remained at a safe level by increasing 16.12 points, or 0.15 percent to 10,518.98, followed by the Straits Times which edged up 1.49 points, or 0.05 percent to 3240.12. Meanwhile, the Hang Seng index slipped 2.99 points, or 0.01 percent, to 24153.98.
Unlike the Asian, European markets started the trade with a positive aura enveloped. The FTSE 100 index rose 53.52 points, or 0.9 percent, to 6039.37, DAX rose 51.16 points, or 0.72 percent to 7129.57 and the CAC 40 rose 31.99 points, or 0.8 percent to 4007.4 .
The mining sector continued to show gains by rising up 60.13 points, followed by infrastructure sector, which rose 7.61 points. Meanwhile, the consumption sector actually declined to 15.09 points, followed by the plantation sector, down 2.89 points.
Stocks that move strengthened (Top gainers), including PT Bank Danamon Tbk (BDMN) rose Rp600, PT Adira Dinamika Multifinance Tbk (ADMF) rose Rp400 to Rp11.750, and Series II Warrants PT First Media Tbk (KBLV-W2) ride Rp380 to Rp600.
Meanwhile, stocks that move down (top lossers) including PT Gudang Garam Tbk (GGRM) down Rp1.150 to Rp37.000, PT Merck Tbk (MERK) down 500 to Rp94.500, PT Astra International Tbk (ASII) down Rp450 to Inedonesia Rp47.000 and PT Unilever Tbk (UNVR) down Rp350 to Rp16.100.
(GoFinance)
::$ 4 M Kuwait Prepare Subsidy>>
Go Finance Reporting - Emir of Kuwait Sheikh Sabah al-Ahmad Al-Sabah ordered the cabinet to provide a budget of $ 4 billion and free food for 14 months for its citizens.
Action was made leader of the oil-rich countries such as the preparation for the fifth anniversary of the reign of Sheikh Sabah as well as anticipation of soaring food prices in the country. According to news agency KUNA, cash funds from the Emir of Kuwait that will be provided to 1.12 million indigenous citizens of each of 1,000 dinars ($ 3, 572) or about Rp34 million.
"The staple food is valid until March 31, 2012," said Minister of State for Cabinet Affairs Rudhan al-Rudhan as quoted by AFP.
The announcement was made after a cabinet meeting on Sunday (16 / 1) night. But in the program, foreign residents in Kuwait, which accounted for 2.4 million people do not include free food aid recipients and it. Like many other developing countries, Kuwait recently experienced inflation caused by rising prices of goods.
In November of last year Kuwait's inflation rate reached 5.9 percent, the highest in 20 months sparked food prices which reached 12.3 percent. The fifth biggest manufacturer of Organization of Petroleum Exporting Countries (OPEC) had the highest budget surplus recorded in 11 years with a total of more than $ 140 billion. This year, Kuwait's budget surplus is predicted to increase along with rising oil prices.
Kuwait is known as one of the Gulf state which provides welfare system is quite good for its citizens. Among the subsidy provided is public service and fuel oil subsidies and exemption of income tax payments. About 80 percent of Kuwait than 360,000 labor force worked in government agencies with an average monthly wage is more than USD3.500. (GoFinance)
Action was made leader of the oil-rich countries such as the preparation for the fifth anniversary of the reign of Sheikh Sabah as well as anticipation of soaring food prices in the country. According to news agency KUNA, cash funds from the Emir of Kuwait that will be provided to 1.12 million indigenous citizens of each of 1,000 dinars ($ 3, 572) or about Rp34 million.
"The staple food is valid until March 31, 2012," said Minister of State for Cabinet Affairs Rudhan al-Rudhan as quoted by AFP.
The announcement was made after a cabinet meeting on Sunday (16 / 1) night. But in the program, foreign residents in Kuwait, which accounted for 2.4 million people do not include free food aid recipients and it. Like many other developing countries, Kuwait recently experienced inflation caused by rising prices of goods.
In November of last year Kuwait's inflation rate reached 5.9 percent, the highest in 20 months sparked food prices which reached 12.3 percent. The fifth biggest manufacturer of Organization of Petroleum Exporting Countries (OPEC) had the highest budget surplus recorded in 11 years with a total of more than $ 140 billion. This year, Kuwait's budget surplus is predicted to increase along with rising oil prices.
Kuwait is known as one of the Gulf state which provides welfare system is quite good for its citizens. Among the subsidy provided is public service and fuel oil subsidies and exemption of income tax payments. About 80 percent of Kuwait than 360,000 labor force worked in government agencies with an average monthly wage is more than USD3.500. (GoFinance)
::China Property Prices Rise Again>>
Go Finance Reporting - Property prices in China in December and then rose for the fourth time in a row by 0.3 percent. This price is 6.4 percent higher than the same period of 2009.
China Statistics Bureau yesterday said that housing price increases occurred in 70 big cities in the land of Panda. However, these price increases slowed since last eight months. A wave of Chinese property prices peaked in April last year in which moment it jumped 12.8 percent.
However, housing prices in China remain a concern because the government feared the bubble in the property. One of them by raising the minimum down payment of 30 percent on each transaction. China Statistics Bureau revealed, along the 2010 sale of residential space rose 10.1 percent, or about 1.04 billion square meters throughout 2010.
"The growth of a full year by 0.3 per cent higher than the increase in 11 months," said Bureau of Statistics of China.
This indicates that some buyers had anticipated before the property tax enacted. China Finance Ministry has approved property tax plan in Chonqing, southwestern China. While in Shanghai, known as a national financial center, property taxes likely apply to the first quarter of 2011. Last week, Shanghai Mayor Han Zheng said the court was preparing property tax reform as signaled by the government.
Elsewhere, Xinhua news agency reported yesterday electricity consumption in China last year rose 10 percent as the increased activity of a manufacturing plant that was encouraged to meet global demand. The increase in electricity consumption also indicates strong demand for goods made in the State Panda. Total, based on data of China Electricity Council, electricity consumption in year on year in 2010 rose 14.6 percent to more than 4.2 trillion kilowatt hours (KWH).
For comparison, in 2009 and electricity consumption in China only increased six percent. According to Xinhua, the largest electricity consumption comes from manufacturing and industrial sectors with an increase of 15.4 percent to 3.1 trillion kwh. In fact, at the same time, electricity authorities in China last year announced a reduction in electricity consumption to support energy savings. To simply known, electricity installed capacity in China last year increased by 10.1 percent or a 962 million kilowatts. The investment is down 8.45% to only 705 billion yuan (USD107 billion).
Reject U.S. Pressure
Elsewhere, Chinese President Hu Jintao urged to end cold war with the United States (U.S.) relating to the yuan exchange rate issue. Hu proposed a new form of cooperation and the U.S. refused obstinately insist on letting the yuan strengthen. Lately, the future of the U.S. currency's continued concern by various parties including China.
For that Hu said that the dollar-based international system of currency is the "old products". Hu delivered a statement in an interview with the Wall Street Journal and Washington Post ahead of his visit to Washington this weekend.
"We must abandon the Cold War mentality 'zero sum' and respect for individual choice in the way of development," Hu said.
He also suggested cooperation with the United States especially in the sectors of new energy sources, clean energy, infrastructure construction, aviation and outer space.
Hu also assured that Beijing will improve the laws and regulations for foreign companies in China. He also promised to resolve tensions on the Korean Peninsula, the area became a big concern in Washington and Beijing. Related to the weakness of the yuan exchange rate, a number of people criticize these policies because they only benefit the Chinese manufacturer and is not fair for the international trade.
Harsh criticism also came from the Parliament had slid the U.S. and President Barack Obama because they contribute greatly to the U.S. trade deficit. "Hu made it clear that China intends to move forward in the open market, freeing exchange rates, and restructuring the political system. This could be done with its own speed and little heed to external pressure to reform faster or broader, "says Eswar Prasad, an economist at the Brookings Institution. (GoFinance)
China Statistics Bureau yesterday said that housing price increases occurred in 70 big cities in the land of Panda. However, these price increases slowed since last eight months. A wave of Chinese property prices peaked in April last year in which moment it jumped 12.8 percent.
However, housing prices in China remain a concern because the government feared the bubble in the property. One of them by raising the minimum down payment of 30 percent on each transaction. China Statistics Bureau revealed, along the 2010 sale of residential space rose 10.1 percent, or about 1.04 billion square meters throughout 2010.
"The growth of a full year by 0.3 per cent higher than the increase in 11 months," said Bureau of Statistics of China.
This indicates that some buyers had anticipated before the property tax enacted. China Finance Ministry has approved property tax plan in Chonqing, southwestern China. While in Shanghai, known as a national financial center, property taxes likely apply to the first quarter of 2011. Last week, Shanghai Mayor Han Zheng said the court was preparing property tax reform as signaled by the government.
Elsewhere, Xinhua news agency reported yesterday electricity consumption in China last year rose 10 percent as the increased activity of a manufacturing plant that was encouraged to meet global demand. The increase in electricity consumption also indicates strong demand for goods made in the State Panda. Total, based on data of China Electricity Council, electricity consumption in year on year in 2010 rose 14.6 percent to more than 4.2 trillion kilowatt hours (KWH).
For comparison, in 2009 and electricity consumption in China only increased six percent. According to Xinhua, the largest electricity consumption comes from manufacturing and industrial sectors with an increase of 15.4 percent to 3.1 trillion kwh. In fact, at the same time, electricity authorities in China last year announced a reduction in electricity consumption to support energy savings. To simply known, electricity installed capacity in China last year increased by 10.1 percent or a 962 million kilowatts. The investment is down 8.45% to only 705 billion yuan (USD107 billion).
Reject U.S. Pressure
Elsewhere, Chinese President Hu Jintao urged to end cold war with the United States (U.S.) relating to the yuan exchange rate issue. Hu proposed a new form of cooperation and the U.S. refused obstinately insist on letting the yuan strengthen. Lately, the future of the U.S. currency's continued concern by various parties including China.
For that Hu said that the dollar-based international system of currency is the "old products". Hu delivered a statement in an interview with the Wall Street Journal and Washington Post ahead of his visit to Washington this weekend.
"We must abandon the Cold War mentality 'zero sum' and respect for individual choice in the way of development," Hu said.
He also suggested cooperation with the United States especially in the sectors of new energy sources, clean energy, infrastructure construction, aviation and outer space.
Hu also assured that Beijing will improve the laws and regulations for foreign companies in China. He also promised to resolve tensions on the Korean Peninsula, the area became a big concern in Washington and Beijing. Related to the weakness of the yuan exchange rate, a number of people criticize these policies because they only benefit the Chinese manufacturer and is not fair for the international trade.
Harsh criticism also came from the Parliament had slid the U.S. and President Barack Obama because they contribute greatly to the U.S. trade deficit. "Hu made it clear that China intends to move forward in the open market, freeing exchange rates, and restructuring the political system. This could be done with its own speed and little heed to external pressure to reform faster or broader, "says Eswar Prasad, an economist at the Brookings Institution. (GoFinance)
::Session I, IHSG is still down 5 pts>>
Go Finance Reporting - Composite Stock Price Index (IHSG) is shaded by clouds in the middle of the rise of regional markets. IHSGseems still difficult to get up on the first trading session this afternoon and should be dropped five points.
IHSG, on Tuesday (01/18/2011) First session down 5.41 points to 3530.32. LQ45 Index dropped 1.63 points to 620.66 and the Jakarta Islamic Index (JII) was down 2.17 points to 498.75.
Value of transactions until this afternoon stood at Rp1, 629 trillion by volume of 2.301 billion shares. As many as 86 stocks advanced, 82 stocks fell, and 98 stocks remained unchanged prices. Foreign investors own actions observed doing net buying of Rp9, 178 billion.
Although still colored by a number of negative sentiment, but some indexes in Asia are leading to a positive direction, such as Japan's Nikkei 225 index rose 34.17 points, or 0.33 percent to 10,537.03, Hang Seng soared 182.3 points or 0.75 percent, to 24,339 , 27 and Straits Times rose 6.16 points, or 0.19 percent, to 3244.79.
Supporting sectors tracked index moving in both directions. The mining sector rising 24.64 points, followed by infrastructure sector edged up 1.19 points. Meanwhile, the plantation sector actually fell 20.97 points, followed by the consumption sector is also down 18.05 points.
Stocks that move strengthened (top gainers), including PT Bank Danamon Tbk (BDMN) rose Rp400 to Rp5.750, Series II Warrant First Media Tbk (KBLV-W2) rose Rp380 to Rp600, and PT Harum Energy Tbk (HRUM) rose 200 to Rp9.250.
Meanwhile, stocks that move down (top lossers) including PT Gudang Garam Tbk (GGRM) down Rp1.150, PT Merck Tbk (MERK) down 500, PT Astra International Tbk (ASII) down Rp450 and PT Unilever Indonesia Tbk (UNVR) down Rp450 to Rp16.000. (GoFinance)
IHSG, on Tuesday (01/18/2011) First session down 5.41 points to 3530.32. LQ45 Index dropped 1.63 points to 620.66 and the Jakarta Islamic Index (JII) was down 2.17 points to 498.75.
Value of transactions until this afternoon stood at Rp1, 629 trillion by volume of 2.301 billion shares. As many as 86 stocks advanced, 82 stocks fell, and 98 stocks remained unchanged prices. Foreign investors own actions observed doing net buying of Rp9, 178 billion.
Although still colored by a number of negative sentiment, but some indexes in Asia are leading to a positive direction, such as Japan's Nikkei 225 index rose 34.17 points, or 0.33 percent to 10,537.03, Hang Seng soared 182.3 points or 0.75 percent, to 24,339 , 27 and Straits Times rose 6.16 points, or 0.19 percent, to 3244.79.
Supporting sectors tracked index moving in both directions. The mining sector rising 24.64 points, followed by infrastructure sector edged up 1.19 points. Meanwhile, the plantation sector actually fell 20.97 points, followed by the consumption sector is also down 18.05 points.
Stocks that move strengthened (top gainers), including PT Bank Danamon Tbk (BDMN) rose Rp400 to Rp5.750, Series II Warrant First Media Tbk (KBLV-W2) rose Rp380 to Rp600, and PT Harum Energy Tbk (HRUM) rose 200 to Rp9.250.
Meanwhile, stocks that move down (top lossers) including PT Gudang Garam Tbk (GGRM) down Rp1.150, PT Merck Tbk (MERK) down 500, PT Astra International Tbk (ASII) down Rp450 and PT Unilever Indonesia Tbk (UNVR) down Rp450 to Rp16.000. (GoFinance)
::Again, IHSG scourged Profit Taking>>
Go Finance Reporting - Composite Stock Price Index (IHSG) looked suffered profit taking (profit taking). As a result, stock index again weakened.
IHSG, in early trading Tuesday (1/18/2011) thin rose 0.82 points, or 0.1 percent, to 3.5.36,55. But the last two minutes of trading, stock index plunged 10 points directly, or 0.3 percent, to 3.5.25,41.
While LQ45 fell 3.08 points, or 0.5 percent, to 619.21 and the Jakarta Islamic Index (JII), down 2.1 points or 0.4 percent, to 498.81.
While the majority of Asian index gained moving. The Hang Seng rose 108 points to 24,265.29, the Nikkei rose 18.14 points to 10 521, and the Straits Times rose four points to 3242.
Supporting sector stock indices seem to be moving in both directions. Plantation sector rose 4.94 points, or 0.2 percent, but mining sector fell 7.61 points, or 0.2 percent. consumption sector down 6.75 points, or 0.6 per cent and the financial sector fell 2.59 points, or 0.6 percent.
The trading volume was recorded as 37.64 million shares valued at Rp66, 77 billion. As many as 34 stocks moved higher, 31 stocks fell and 60 stocks flat.
Stocks that move down (top lossers) is PT Gudang Garam Tbk (GGRM) down 650 to Rp37.500, PT Bayan Resources Tbk (ITMG) down 400 to Rp51.400, PT Astra International Tbk (ASII) down Rp250 to Rp47.200, and PT Unilever Indonesia Tbk (UNVR) down Rp250 to Rp16.200.
Meanwhile, stocks that move strengthened (Top gainers), among others, are PT First Media Tbk (KBLV) rose Rp200 to Rp1.170, PT Bank Danamon Tbk (BDMN) rose Rp100 to Rp5.450, PT United Tractors Tbk (UNTR) rose 100 to Rp22.300, and PT Astra Agro Lestari, Tbk (AALI) rose 50 to Rp25.250. (GoFinance)
IHSG, in early trading Tuesday (1/18/2011) thin rose 0.82 points, or 0.1 percent, to 3.5.36,55. But the last two minutes of trading, stock index plunged 10 points directly, or 0.3 percent, to 3.5.25,41.
While LQ45 fell 3.08 points, or 0.5 percent, to 619.21 and the Jakarta Islamic Index (JII), down 2.1 points or 0.4 percent, to 498.81.
While the majority of Asian index gained moving. The Hang Seng rose 108 points to 24,265.29, the Nikkei rose 18.14 points to 10 521, and the Straits Times rose four points to 3242.
Supporting sector stock indices seem to be moving in both directions. Plantation sector rose 4.94 points, or 0.2 percent, but mining sector fell 7.61 points, or 0.2 percent. consumption sector down 6.75 points, or 0.6 per cent and the financial sector fell 2.59 points, or 0.6 percent.
The trading volume was recorded as 37.64 million shares valued at Rp66, 77 billion. As many as 34 stocks moved higher, 31 stocks fell and 60 stocks flat.
Stocks that move down (top lossers) is PT Gudang Garam Tbk (GGRM) down 650 to Rp37.500, PT Bayan Resources Tbk (ITMG) down 400 to Rp51.400, PT Astra International Tbk (ASII) down Rp250 to Rp47.200, and PT Unilever Indonesia Tbk (UNVR) down Rp250 to Rp16.200.
Meanwhile, stocks that move strengthened (Top gainers), among others, are PT First Media Tbk (KBLV) rose Rp200 to Rp1.170, PT Bank Danamon Tbk (BDMN) rose Rp100 to Rp5.450, PT United Tractors Tbk (UNTR) rose 100 to Rp22.300, and PT Astra Agro Lestari, Tbk (AALI) rose 50 to Rp25.250. (GoFinance)
::Rupiah Will Stronger!>>
Go Finance Reporting - The exchange rate is projected will have reinforcement. Rising commodity prices will likely be a positive sentiment for the rupiah.
"The rise in oil prices could be a factor to withstand the continuing decline in Asian markets including the rupiah," said analyst Samuel Lana Soelistianingsih Securities Indonesia in Jakarta in his research.
Lana estimate the rupiah will be slightly stronger with a range between Rp9.050-Rp9.060 per USD in trading today.
Previously, the Asian currencies including the rupiah closed lower. U.S. dollar strengthened as a negative response from the combined effects of debt downgrades by Fitch and an increase in the Greek policy of minimum reserve requirements (MRR) in China to reduce inflationary pressures.
Rupiah closed at Rp9.063 per USD (Bloomberg middle rates). Attenuation also occurs in Asian stocks closed down. IHSG down to 3535.73. Meanwhile, the price of WTI crude oil is still closed up to USD91, 54 per barrel. (GoFinance)
"The rise in oil prices could be a factor to withstand the continuing decline in Asian markets including the rupiah," said analyst Samuel Lana Soelistianingsih Securities Indonesia in Jakarta in his research.
Lana estimate the rupiah will be slightly stronger with a range between Rp9.050-Rp9.060 per USD in trading today.
Previously, the Asian currencies including the rupiah closed lower. U.S. dollar strengthened as a negative response from the combined effects of debt downgrades by Fitch and an increase in the Greek policy of minimum reserve requirements (MRR) in China to reduce inflationary pressures.
Rupiah closed at Rp9.063 per USD (Bloomberg middle rates). Attenuation also occurs in Asian stocks closed down. IHSG down to 3535.73. Meanwhile, the price of WTI crude oil is still closed up to USD91, 54 per barrel. (GoFinance)
Monday, January 17, 2011
::Crude Oil in Asia are still at Level USD91/Barel>>
Go Finance Report - Crude oil prices in the Asian spot market is still struggling earlier this week at the level of USD91 per barrel after China announced the latest measures to restrict loans which thus becomes the cause of weakening demand for crude oil.
As quoted by the Associated Press (AP), Monday (01/17/2011), price of crude oil for February delivery fell 25 cents to USD91, 29 in electronic trading on the New York Mercantile Exchange (Nymex),
Of China as the world's biggest energy consumer, on Friday last week announced a policy to raise the amount of money in bank reserves for the seventh time in the last year. This is to restrict lending and tame inflation.
With this policy, China's economic growth expected to slow because of weakening demand for crude oil.
Meanwhile, U.S. oil demand (U.S.) is also sometimes been weakened but each could have positive economic news pushed oil prices higher.
In other Nymex trading in the contract of February, heating oil fell 0.2 cents to $ 2, 64 per gallon and gasoline added 0.2 cents to $ 2, 497 per gallon. Natural gas futures rose one cent to $ 4, 49 per 1,000 cubic feet. Meanwhile, Brent crude rose 13 cents to USD98, 51 per barrel on the ICE Futures Exchange in London. (GoFinance)
As quoted by the Associated Press (AP), Monday (01/17/2011), price of crude oil for February delivery fell 25 cents to USD91, 29 in electronic trading on the New York Mercantile Exchange (Nymex),
Of China as the world's biggest energy consumer, on Friday last week announced a policy to raise the amount of money in bank reserves for the seventh time in the last year. This is to restrict lending and tame inflation.
With this policy, China's economic growth expected to slow because of weakening demand for crude oil.
Meanwhile, U.S. oil demand (U.S.) is also sometimes been weakened but each could have positive economic news pushed oil prices higher.
In other Nymex trading in the contract of February, heating oil fell 0.2 cents to $ 2, 64 per gallon and gasoline added 0.2 cents to $ 2, 497 per gallon. Natural gas futures rose one cent to $ 4, 49 per 1,000 cubic feet. Meanwhile, Brent crude rose 13 cents to USD98, 51 per barrel on the ICE Futures Exchange in London. (GoFinance)
::Indian billionaire denies Reproduction Investing>>
Go Finance Report - Indian billionaire, Anil Ambani has denied that regulators have banned him invest in the stock market. He claimed when he voluntarily ended the long-running dispute.
Joint statement with the Securities and Exchange Board of India (SEBI) agreed that he could not investing in the stock market until December. While the two companies had not invested until December 2012.
Quoted by AFP on Monday (01/17/2011), this agreement is considered unfair, Ambani also said that he had voluntarily accepted the terms proposed.
"There has been a massive mistake and a wrong analysis (by media). Sebi did not forbid me or my company to invest in the market," said Ambani told reporters when a press conference yesterday.
This settlement affects two Ambani-owned company which is part of the Reliance Anil Dhirubhai Ambani Group (R-ADAG). SEBI itself has investigated the investment Reliance Infrastructure and Reliance Natural Resources Ltd (RNRL) since 2009.
The settlement was reached after Ambani agreed after a command to pay 500 million rupees (USD11 million) as cost of completion. These payments are not admitted not as "punishment or fines." Where this is done to protect the interests of investors and avoid lengthy litigation.
Earlier, SEBI issued a notice to Ambani and the group company in June because the investigation due to possible violations of trading rules. The investigation found that Reliance Infrastructure and RNRL known "misunderstanding invest" in the consolidated annual statement of income between 2007 and 2009. (GoFinance)
Joint statement with the Securities and Exchange Board of India (SEBI) agreed that he could not investing in the stock market until December. While the two companies had not invested until December 2012.
Quoted by AFP on Monday (01/17/2011), this agreement is considered unfair, Ambani also said that he had voluntarily accepted the terms proposed.
"There has been a massive mistake and a wrong analysis (by media). Sebi did not forbid me or my company to invest in the market," said Ambani told reporters when a press conference yesterday.
This settlement affects two Ambani-owned company which is part of the Reliance Anil Dhirubhai Ambani Group (R-ADAG). SEBI itself has investigated the investment Reliance Infrastructure and Reliance Natural Resources Ltd (RNRL) since 2009.
The settlement was reached after Ambani agreed after a command to pay 500 million rupees (USD11 million) as cost of completion. These payments are not admitted not as "punishment or fines." Where this is done to protect the interests of investors and avoid lengthy litigation.
Earlier, SEBI issued a notice to Ambani and the group company in June because the investigation due to possible violations of trading rules. The investigation found that Reliance Infrastructure and RNRL known "misunderstanding invest" in the consolidated annual statement of income between 2007 and 2009. (GoFinance)
::Well, IHSG sinkhole 33 pts>>
Go Finance Reporting - Composite Stock Price Index (IHSG) is still in a decline in trading earlier this week that caused it must be slammed up to 33 points.
IHSG, on Monday (01/17/2011) afternoon closed down 33.41 points, or 0.94 percent to 3535.73. In the meantime, LQ45 index also fell to 6.78 points to 622.29 and the Jakarta Islamic Index (JII) fell 3.83 points to 500.92.
The value of transactions recorded today Rp3, 561 trillion by volume of 2.539 billion shares. As many as 50 stocks advanced, 171 stocks fell, and 74 stocks remained unchanged in price. Foreign investors own these days return to action net selling amounted to Rp121, 038 billion.
Asian stocks this afternoon observed moving both ways in which the Nikkei 225 index showed a thin reinforcement 3.82 points, or 0.04 percent, to 10502.86. Meanwhile, the Hang Seng index dropped even more 126.26 points, or 0.52 percent to 24,156.97 and the Straits Times was down 9.32 points, or 0.29 percent, to 3236.64.
In line with Asian, European markets were moving cautiously early trading. The FTSE 100 index positive 7.51 points or 0.13 percent, to 6009.58, followed by the DAX rose 2.56 points, or 0.03 percent to 7078. Meanwhile, the CAC 40 fell 3.35 points, or just 0.08 percent to 3979.93.
Support sector index was still reluctant to move from the red zone where the mining sector still weakening 69.82 points, followed by the plantation sector fell 49.82 points. Meanwhile, the consumption sector is still positive 2.03 points and the infrastructure sector also rose 2.92 points.
Stocks that move strengthened (Top gainers) including PT Indocitra Finance Tbk (incf) rose Rp525 to Rp3.175, PT Unilever Indonesia Tbk (UNVR) rose Rp400 to Rp16.450 and PT Bank Mega Tbk (MEGA) rose Rp275 to Rp3. 175.
Meanwhile, stocks that move down (top lossers) include PT Bayan Resources Tbk (ITMG) down Rp1.550 to Rp51.800, PT Astra International Tbk (ASII) down Rp550 to Rp47.450 and PT Bukit Asam Tbk (PTBA) down Rp450 to Rp22.900. (GoFinance)
IHSG, on Monday (01/17/2011) afternoon closed down 33.41 points, or 0.94 percent to 3535.73. In the meantime, LQ45 index also fell to 6.78 points to 622.29 and the Jakarta Islamic Index (JII) fell 3.83 points to 500.92.
The value of transactions recorded today Rp3, 561 trillion by volume of 2.539 billion shares. As many as 50 stocks advanced, 171 stocks fell, and 74 stocks remained unchanged in price. Foreign investors own these days return to action net selling amounted to Rp121, 038 billion.
Asian stocks this afternoon observed moving both ways in which the Nikkei 225 index showed a thin reinforcement 3.82 points, or 0.04 percent, to 10502.86. Meanwhile, the Hang Seng index dropped even more 126.26 points, or 0.52 percent to 24,156.97 and the Straits Times was down 9.32 points, or 0.29 percent, to 3236.64.
In line with Asian, European markets were moving cautiously early trading. The FTSE 100 index positive 7.51 points or 0.13 percent, to 6009.58, followed by the DAX rose 2.56 points, or 0.03 percent to 7078. Meanwhile, the CAC 40 fell 3.35 points, or just 0.08 percent to 3979.93.
Support sector index was still reluctant to move from the red zone where the mining sector still weakening 69.82 points, followed by the plantation sector fell 49.82 points. Meanwhile, the consumption sector is still positive 2.03 points and the infrastructure sector also rose 2.92 points.
Stocks that move strengthened (Top gainers) including PT Indocitra Finance Tbk (incf) rose Rp525 to Rp3.175, PT Unilever Indonesia Tbk (UNVR) rose Rp400 to Rp16.450 and PT Bank Mega Tbk (MEGA) rose Rp275 to Rp3. 175.
Meanwhile, stocks that move down (top lossers) include PT Bayan Resources Tbk (ITMG) down Rp1.550 to Rp51.800, PT Astra International Tbk (ASII) down Rp550 to Rp47.450 and PT Bukit Asam Tbk (PTBA) down Rp450 to Rp22.900. (GoFinance)
::Session I, IHSG Down By 39 Points.>>
Go-Finance Reporting Composite Stock Price Index (IHSG) has not been able to rise from the red zone on the first trading session earlier this week. Negative sentiment surrounding the stock to trigger the weakening of global trade today which makes the index lost 39 points.
IHSG Monday (01/17/2011) First session down 39.54 points, or 1.11 percent, to 3529.6. Sinkhole LQ45 was 8.04 points to 621.03 and the Jakarta Islamic Index (JII) fell 5.32 points, or 499.43.
Transaction up to this afternoon carrying Rp1, 435 trillion with a transaction volume 1.148 billion shares. Some 37 stocks advanced, 150 stocks fell, and 71 stocks remained unchanged in price. Own foreign action this afternoon monitored to sell (net selling) up to Rp20, 561 billion.
Asian stocks are still exposed to the negative sentiment which the Hang Seng fell 66.57 points, or 0.27 percent to 24,216.66 and the Straits Times fell 4.29 points, or 0.13 per cent and the Nikkei 225 fell 4.62 points, or 0.04 percent to 10494.42.
Supporting sectors moving in unison index weakened unless the infrastructure sector alone increased by just 0.75 point. Meanwhile, the deepest decline occurred in the mining sector, which fell 60.25 points followed by the plantation sector, which fell 39.4 points and 9.99 points down the consumption sector.
Stocks that move strengthened (Top gainers) including PT First Media Tbk (KBLV) rose Rp170 to Rp990, PT Tower Joint Infrastructure Tbk (TBIG) rose Rp125 to Rp2.525, and PT Bank Danamon Tbk (BDMN) rose 50 to Rp5 .350.
Meanwhile, stocks that move down (top lossers) include PT Bayan Resources Tbk (ITMG) down Rp1.700 to Rp51.650, PT Bukit Asam Tbk (PTBA) down Rp550 to Rp22.800, and PT Gudang Garam Tbk (GGRM) Rp37.950 down Rp450 to. (GoFinance)
IHSG Monday (01/17/2011) First session down 39.54 points, or 1.11 percent, to 3529.6. Sinkhole LQ45 was 8.04 points to 621.03 and the Jakarta Islamic Index (JII) fell 5.32 points, or 499.43.
Transaction up to this afternoon carrying Rp1, 435 trillion with a transaction volume 1.148 billion shares. Some 37 stocks advanced, 150 stocks fell, and 71 stocks remained unchanged in price. Own foreign action this afternoon monitored to sell (net selling) up to Rp20, 561 billion.
Asian stocks are still exposed to the negative sentiment which the Hang Seng fell 66.57 points, or 0.27 percent to 24,216.66 and the Straits Times fell 4.29 points, or 0.13 per cent and the Nikkei 225 fell 4.62 points, or 0.04 percent to 10494.42.
Supporting sectors moving in unison index weakened unless the infrastructure sector alone increased by just 0.75 point. Meanwhile, the deepest decline occurred in the mining sector, which fell 60.25 points followed by the plantation sector, which fell 39.4 points and 9.99 points down the consumption sector.
Stocks that move strengthened (Top gainers) including PT First Media Tbk (KBLV) rose Rp170 to Rp990, PT Tower Joint Infrastructure Tbk (TBIG) rose Rp125 to Rp2.525, and PT Bank Danamon Tbk (BDMN) rose 50 to Rp5 .350.
Meanwhile, stocks that move down (top lossers) include PT Bayan Resources Tbk (ITMG) down Rp1.700 to Rp51.650, PT Bukit Asam Tbk (PTBA) down Rp550 to Rp22.800, and PT Gudang Garam Tbk (GGRM) Rp37.950 down Rp450 to. (GoFinance)
::Oil Prices Above $ 100 Not Realistic>>
Go Finance Reporting - Iranian Oil Minister Masoud Mirkazemi said that if oil prices can indeed reach USD100 per barrel, but may not be up to make OPEC's emergency meeting.
"The price of USD100 is not realistic in this situation. Even if oil prices past $ 100 a barrel, OPEC does not need to perform an emergency meeting. Several OPEC members believe that there is no need for an emergency meeting even if oil prices reach USD110-USD120 per barrel, "Mirkazemi said to reporters, quoted by AFP on Monday (1/17/2011).
Known, the price of oil on the New York Mercantile Exchange, for the type of light sweet crude for February delivery closed at USD91, 54 per barrel in trading on Friday last week.
The increase in world oil prices have been associated with winter hit Europe and North American states, as well as growth in China and other developing countries.
Organization of Petroleum Exporting Countries (OPEC) has said that any speculation also trigger an increase in price. At the last meeting in Quito, 12 countries decided cartel production quotas unchanged, emphasizing the looming risk of making the fragile global economic recovery.
Some members of OPEC such as Iran, Venezuela, and Libya, urged the higher oil prices at a meeting in Quito that is above USD100 per barrel to offset rising production costs.
However, the country's largest oil producer in OPEC, Saudi Arabia said that if the oil price at USD70-80 per barrel is "a fair price."
For your information, Iran took over the chair of leadership as chairman of OPEC on January 1 for the first time in 36 years since Tehran holds the leadership of the cartel which accounts for 40 percent of world output.
Mirkazemi also announced that Iran has discovered new gas fields on land with $ 50 billion worth of reserves in the eastern region Assaluyeh in the Gulf. Iran is the second largest crude oil exporter and OPEC's second largest gas reserves in the world.
"It has 260 billion cubic meters (9.18 trillion cubic feet) of gas, where the 210 (billion) to be used, which is approximately 24 million cubic meters per day," said the minister. (GoFinance)
"The price of USD100 is not realistic in this situation. Even if oil prices past $ 100 a barrel, OPEC does not need to perform an emergency meeting. Several OPEC members believe that there is no need for an emergency meeting even if oil prices reach USD110-USD120 per barrel, "Mirkazemi said to reporters, quoted by AFP on Monday (1/17/2011).
Known, the price of oil on the New York Mercantile Exchange, for the type of light sweet crude for February delivery closed at USD91, 54 per barrel in trading on Friday last week.
The increase in world oil prices have been associated with winter hit Europe and North American states, as well as growth in China and other developing countries.
Organization of Petroleum Exporting Countries (OPEC) has said that any speculation also trigger an increase in price. At the last meeting in Quito, 12 countries decided cartel production quotas unchanged, emphasizing the looming risk of making the fragile global economic recovery.
Some members of OPEC such as Iran, Venezuela, and Libya, urged the higher oil prices at a meeting in Quito that is above USD100 per barrel to offset rising production costs.
However, the country's largest oil producer in OPEC, Saudi Arabia said that if the oil price at USD70-80 per barrel is "a fair price."
For your information, Iran took over the chair of leadership as chairman of OPEC on January 1 for the first time in 36 years since Tehran holds the leadership of the cartel which accounts for 40 percent of world output.
Mirkazemi also announced that Iran has discovered new gas fields on land with $ 50 billion worth of reserves in the eastern region Assaluyeh in the Gulf. Iran is the second largest crude oil exporter and OPEC's second largest gas reserves in the world.
"It has 260 billion cubic meters (9.18 trillion cubic feet) of gas, where the 210 (billion) to be used, which is approximately 24 million cubic meters per day," said the minister. (GoFinance)
::Early Week, IHSG sluggish Opened>>
Go Finance Reporting - Composite Stock Price Index (IHSG) seem to be moving down in the middle of his mixed-Asia index. Market participants seem to returning to sell its shares bluechips.
IHSG, in trading on Monday (1/17/2011) fell 0.74 points, or 0.02 percent to 3568. But, interval lasted 15 minutes of trade index went down 32 points or 0.89 percent to 3537.
LQ45 rose fell 0.37 points, or 0.06 percent, to 628.7, while the Jakarta Islamic Index (JII) fell 0.42 points, or 0.08 percent to 504.33.
While the index of Asia seem to be moving mixed. The Hang Seng fell 62.67 points to 24,217, the Nikkei rose 37.7 points to 10536.74 and the All Ordinaries fell Rp20, 5 to 4888.
While supporting the sector index appears to be moving in both directions. Estate sector down 3.84 points, or 0.17 percent, to 2248.53, while the mining sector fell 15.62 points, or 0.46 percent to 3353.72. The financial sector was down 2.61 points or 0.61 and the infrastructure sector rose 3.24 points, or 0.41 percent to 799.02.
The volume of transactions recorded 150.36 million shares worth Rp187, 39 billion. As many as 42 stocks advanced, 54 stocks fell, and 61 shares remain stagnant.
Stocks that move down (top lossers) is PT Bayan Resources Tbk (ITMG) down Rp1.150 to Rp52.200, PT Gudang Garam Tbk (GGRM) down 900 to Rp37.500, PT Astra International Tbk (ASII) down Rp600 to Rp47.450, and PT Indocement Tbk (INTP) down 350 k eRp14.800.
While stocks are moving to strengthen (Top gainers) is PT Bank Danamon Tbk (BDMN) rose Rp100 to Rp5.400, PT First Media Tbk (KBLV) rose to Rp910 Rp90, PT Telekomunikasi Indonesia Tbk (TLKM) rose Rp100 to Rp7.600, PT Medco Energi International Tbk (MEDC) rose 50 to Rp3.250. (GoFinance)
IHSG, in trading on Monday (1/17/2011) fell 0.74 points, or 0.02 percent to 3568. But, interval lasted 15 minutes of trade index went down 32 points or 0.89 percent to 3537.
LQ45 rose fell 0.37 points, or 0.06 percent, to 628.7, while the Jakarta Islamic Index (JII) fell 0.42 points, or 0.08 percent to 504.33.
While the index of Asia seem to be moving mixed. The Hang Seng fell 62.67 points to 24,217, the Nikkei rose 37.7 points to 10536.74 and the All Ordinaries fell Rp20, 5 to 4888.
While supporting the sector index appears to be moving in both directions. Estate sector down 3.84 points, or 0.17 percent, to 2248.53, while the mining sector fell 15.62 points, or 0.46 percent to 3353.72. The financial sector was down 2.61 points or 0.61 and the infrastructure sector rose 3.24 points, or 0.41 percent to 799.02.
The volume of transactions recorded 150.36 million shares worth Rp187, 39 billion. As many as 42 stocks advanced, 54 stocks fell, and 61 shares remain stagnant.
Stocks that move down (top lossers) is PT Bayan Resources Tbk (ITMG) down Rp1.150 to Rp52.200, PT Gudang Garam Tbk (GGRM) down 900 to Rp37.500, PT Astra International Tbk (ASII) down Rp600 to Rp47.450, and PT Indocement Tbk (INTP) down 350 k eRp14.800.
While stocks are moving to strengthen (Top gainers) is PT Bank Danamon Tbk (BDMN) rose Rp100 to Rp5.400, PT First Media Tbk (KBLV) rose to Rp910 Rp90, PT Telekomunikasi Indonesia Tbk (TLKM) rose Rp100 to Rp7.600, PT Medco Energi International Tbk (MEDC) rose 50 to Rp3.250. (GoFinance)
::European Bailout Funds Requested Increase>>
Go Finance Reporting - The euro zone finance ministers are under pressure ahead of the meeting today to discuss the possibility of a rescue fund raising in the region. The pressure came after a number of people wanted a reserve fund additional post-bailout Greece and Ireland last year.
Belgian Finance Minister Didier Reynders called for the rescue fund was increased to twice the original, from 750 billion euros to 1.5 trillion euros ($ 2 trillion). He hoped the issue could be raised at the monthly meeting of eurozone ministers in Brussels.
"I think doubling the amount of funds that makes sense," Reynders said as quoted by AFP.
German Finance Minister Wolfgang Schaeuble, whose country has the largest commitment in Agency Facilities Financial Stability (EFSF) said that the increase in borrowing capacity EFSF may be required. However, the debate on increasing the size of it "not realistic".
Because the increase in reserve funding crisis means that the increase in loan guarantees from the eurozone countries. Earlier, European rescue mechanism that combines funds from EFSF amounted to 440 billion euros, plus 250 billion euros from the IMF, and an additional 60 billion euros from the European Union.
Germany and the euro zone countries notes that only 10 percent of bailout funds which have been used so far to help the Irish. However, effective credit capacity EFSF estimated at only 250 billion euros of the total fund.
European Commission President Jose Manuel Barroso, who led Europe's executive body, urged the leaders took the decision with the next summit meeting on 4 February.
Agenda of the meeting one of them is to meet market demands that Portugal and Spain worry about the fate of so-called most at risk receive international aid. EU rescue mechanism is applied when the Irish struggled from crisis and was forced to accept the bailout in November. However, analysts warned that the number was too small to help the Spanish even if it needs to bailout.
"If the German government officially still reluctant to change the" rules of the game ", an increasing number and scope of EFSF be possible," said ING Group's records.
According to ING, if the relief valve was opened to Portugal EFSF, these funds are not considered to be enough to help Spain which will require the support of about 300 billion euros. (GoFinance)
Belgian Finance Minister Didier Reynders called for the rescue fund was increased to twice the original, from 750 billion euros to 1.5 trillion euros ($ 2 trillion). He hoped the issue could be raised at the monthly meeting of eurozone ministers in Brussels.
"I think doubling the amount of funds that makes sense," Reynders said as quoted by AFP.
German Finance Minister Wolfgang Schaeuble, whose country has the largest commitment in Agency Facilities Financial Stability (EFSF) said that the increase in borrowing capacity EFSF may be required. However, the debate on increasing the size of it "not realistic".
Because the increase in reserve funding crisis means that the increase in loan guarantees from the eurozone countries. Earlier, European rescue mechanism that combines funds from EFSF amounted to 440 billion euros, plus 250 billion euros from the IMF, and an additional 60 billion euros from the European Union.
Germany and the euro zone countries notes that only 10 percent of bailout funds which have been used so far to help the Irish. However, effective credit capacity EFSF estimated at only 250 billion euros of the total fund.
European Commission President Jose Manuel Barroso, who led Europe's executive body, urged the leaders took the decision with the next summit meeting on 4 February.
Agenda of the meeting one of them is to meet market demands that Portugal and Spain worry about the fate of so-called most at risk receive international aid. EU rescue mechanism is applied when the Irish struggled from crisis and was forced to accept the bailout in November. However, analysts warned that the number was too small to help the Spanish even if it needs to bailout.
"If the German government officially still reluctant to change the" rules of the game ", an increasing number and scope of EFSF be possible," said ING Group's records.
According to ING, if the relief valve was opened to Portugal EFSF, these funds are not considered to be enough to help Spain which will require the support of about 300 billion euros. (GoFinance)
::Alert rupiah will weaken!>>
Go Finance Reporting - The positive economic data in the United States (U.S.) will trigger the dollar strengthened. As a result, other currencies including the rupiah would be depressed.
In fact, this now appears positive sentiment from the WTI oil price increases that should reinforce the value of currencies in Asian countries. "But at the same time U.S. economic data show reinforcement. The combination of both seems to be likely to bring negative market moves Asia including the rupiah, 'clear Securities analyst Samuel Indonesia Lana Soelistianingsih in his research in Jakarta, Monday (01/17/2011).
Lana estimate the rupiah will weaken back to Rp9.060-Rp9.070 per USD in trading today.
Last week, the Indonesian market was under selling pressure especially in the stock and bond markets. Indiscriminate selling by foreign investors is estimated at more than Rp2 trillion, equivalent to USD220 million.
But the selling does not make the rupiah exchange rate weakened significantly, only moving in the range of Rp9.050-Rp9.065 per USD. Sales by foreign investors but not followed by a weakening rupiah give an indication of foreign funds are still in Indonesia while waiting for the opportunity to go back when BI is likely to raise the BI rate is the interest rate in February 2011.
BI continues to come under pressure to raise interest rates in line with expectations of rising inflation. At the close of trading last Friday, the rupiah closed stronger at Rp9.054 per USD, and the Jakarta Composite Index closed up to 3569.14, while the price of WTI closed up thin to USD91, 54 per barrel. (GoFinance)
In fact, this now appears positive sentiment from the WTI oil price increases that should reinforce the value of currencies in Asian countries. "But at the same time U.S. economic data show reinforcement. The combination of both seems to be likely to bring negative market moves Asia including the rupiah, 'clear Securities analyst Samuel Indonesia Lana Soelistianingsih in his research in Jakarta, Monday (01/17/2011).
Lana estimate the rupiah will weaken back to Rp9.060-Rp9.070 per USD in trading today.
Last week, the Indonesian market was under selling pressure especially in the stock and bond markets. Indiscriminate selling by foreign investors is estimated at more than Rp2 trillion, equivalent to USD220 million.
But the selling does not make the rupiah exchange rate weakened significantly, only moving in the range of Rp9.050-Rp9.065 per USD. Sales by foreign investors but not followed by a weakening rupiah give an indication of foreign funds are still in Indonesia while waiting for the opportunity to go back when BI is likely to raise the BI rate is the interest rate in February 2011.
BI continues to come under pressure to raise interest rates in line with expectations of rising inflation. At the close of trading last Friday, the rupiah closed stronger at Rp9.054 per USD, and the Jakarta Composite Index closed up to 3569.14, while the price of WTI closed up thin to USD91, 54 per barrel. (GoFinance)
::IHSG predicted Moves Mixed>>
Go Finance Reporting - Composite Stock Price Index (IHSG) is projected to still be moving two-way (mixed) at the beginning of this week. The movement of stock indexes are still going to depend on regional sentiment.
"On Monday, we estimate the index is still going to move mixed,"said the Legal eTrading Securities in Jakarta.
He said if the banking sector and the commodity will appear as the main driver driving the index. According to him, the index this time there will be dikisaran 3530-3592 with stocks that can be considered is the PT Indofood Sukses Makmur Tbk (INDF) and PT Wintermar Offshore Marine Page (WINS).
At the end of trading last week, on Friday (1/14/2011) index closed up a thin four points, or 0.12 percent to a level of 3569.14 after being traded down at the first session following the profit taking on stocks of commodities sector. Foreign, recorded a net sell of Rp266 billion. IHSG also establish appropriate patterns of hammer and closed in 3569 resistance level.
While the positive sentiment coming from the positive stock index in the United States (U.S.) in trading last week. The Dow Jones industrial rose 55.48 points, or 0.47 percent, to 11787.38. Standard & Poor's 500 index rose 9.48 points, or 0.74 percent to 1293.24. The Nasdaq index rose 20.01 points, or 0.73 percent, to 2755.30. (GoFinance)
"On Monday, we estimate the index is still going to move mixed,"said the Legal eTrading Securities in Jakarta.
He said if the banking sector and the commodity will appear as the main driver driving the index. According to him, the index this time there will be dikisaran 3530-3592 with stocks that can be considered is the PT Indofood Sukses Makmur Tbk (INDF) and PT Wintermar Offshore Marine Page (WINS).
At the end of trading last week, on Friday (1/14/2011) index closed up a thin four points, or 0.12 percent to a level of 3569.14 after being traded down at the first session following the profit taking on stocks of commodities sector. Foreign, recorded a net sell of Rp266 billion. IHSG also establish appropriate patterns of hammer and closed in 3569 resistance level.
While the positive sentiment coming from the positive stock index in the United States (U.S.) in trading last week. The Dow Jones industrial rose 55.48 points, or 0.47 percent, to 11787.38. Standard & Poor's 500 index rose 9.48 points, or 0.74 percent to 1293.24. The Nasdaq index rose 20.01 points, or 0.73 percent, to 2755.30. (GoFinance)
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