Share prices mixed on Jakarta market<\/p>\n
JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX)
\nclosed mixed on moderate trading last week.<\/p>\n
The Fed's decision of not raising interest rates gave some
\nindication that the U.S. domestic interest rates have stabilized.
\nThis prompted some foreign investors to enter the JSX with
\nselective buying on heavyweight stocks.<\/p>\n
The JSX Composite Index closed last week up by 6.51 points
\n(1.5 percent) to 428.64 from the week's opening of 422.13.<\/p>\n
Last week's trading was shorter than usual with the last
\nsession ending on Thursday. The market was closed on Friday due
\nto the closing of the central bank's books for its 1994-1995
\nfiscal year.<\/p>\n
This week, the market is likely to take its tune from Wall
\nStreet and the regional bourses.<\/p>\n
Meanwhile, last week's rate cut by Germany's Bundesbank will
\ngive some short-term support to the dollar and increase the
\nlikelihood of a Japanese interest rate cut.<\/p>\n
This dollar-supporting event should give some incentive for
\ninvestors to enter the market.<\/p>\n
The activities of domestic players were moderate and still
\nconcentrated mainly on second liner stocks. Counters which were
\nactively traded by domestic players included BDNI, Barito
\nPacific, CMNP, Lippo Land, Duta Anggada, Pakuwon Jati, PSP and
\nDharmala Intiland.<\/p>\n
Foreign players were buying up blue chip stocks in the middle
\nof the week. Counters which saw active trading by foreigners
\nincluded Astra Int'l, HM Sampoerna, Argha Karya, Indosat,
\nIndofood, Indocement, Barito, BDNI, Lippo Bank, BII, Lippo Land,
\nGadjah Tunggal, PSP, Duta Anggada and Jababeka.<\/p>\n
Sona Topas' 1-for-1 stock split was listed last week. The
\ntrading of the split shares with the new nominal price of Rp 500
\n(22.5 U.S. cents) started on March 27.<\/p>\n
Average daily turnover on the regular board increased to
\n13.91 million shares worth Rp 42.46 billion (US$19.13 million)
\nlast week from 10.19 million shares worth Rp 30.56 billion in the
\nprevious week.<\/p>\n
Last week's total turnover increased to 112.12 million shares
\nvalued at Rp 393.07 billion from 89.24 million shares valued at
\nRp 313.32 billion in the previous week.<\/p>\n
Some of last week's best performers were Voksel Electric (up
\nRp 1,200), Hexindo Adiperkasa (up Rp 800), Bakrie & Brothers (up
\nRp 775), HM Sampoerna (up Rp 750) and Bank Surya (up Rp 500). The
\nbiggest losers were Lippo Securities (down Rp 850), Jembo Cable
\n(down Rp 800), Gudang Garam (down Rp 750), Panca Wiratama (down
\nRp 700) and Bank Niaga (down Rp 500).<\/p>\n
Gainers outnumbered losers by 74 to 42, while 28 remained
\nunchanged.<\/p>\n
-- Sigma Batara<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/share-prices-mixed-on-jakarta-market-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }