Share prices mixed amidst lackluster trading

JAKARTA (JP): Stock prices closed mixed across the board amidst lackluster trading throughout last week.

The market generally seemed to lack fresh factors, following the weak performance of the regional markets. The Jakarta Stock Exchange (JSX) Composite Index closed the week down 7.22 points to 513.38.

Although the down-side potential looks minimal, the index in the short term is likely to move sideways. Firstly, there are renewed concerns regarding another U.S. dollar interest rate hike, to be decided in this week's meeting.

Secondly, we expect some transfer of funds from the secondary market into the primary market as three IPO (initial public offering) candidates enter their offering period this week. They are taxi operator PT Centris Multi Persada, ceramic tile and sanitary ware producer PT KIA, and PT Indal Aluminum Industry, a producer of aluminum extrusion products.

New-comer Darya Varia, a pharmaceutical company, opened firm -- rising to a high of Rp 7,600, from its offering price of Rp 6,200. Next week, we expect the market to see little activity, primarily due to the government-declared two-day holiday during the APEC meeting.

Average daily turnover on the regular board decreased to 8.63 million shares worth Rp 38.57 billion (US$17.62 million) last week from 12.23 million shares worth Rp 58 billion in the previous week. Last week's total turnover also decreased to 88.90 million shares valued at Rp 397.71 billion from 125.70 million shares valued at Rp 591.76 billion in the previous week.

Foreign investors were mainly active in Indosat which still dominated the market trading volume. They were also seen concentrating in BDNI, Astra Int'l, Mayora Indah, Darya Varia, Bank Internasional Indonesia, Sumalindo, Gudang Garam and Bank Tiara.

Local players were mainly on the side-lines, given the lack of fresh sentiments. Those who saw sustained and strong foreign activity in Indosat turned their attention to the counter. They were also seen trading on Darya Varia, Bank Danamon, Andayani Megah, Gadjah Tunggal and Indah Kiat.

Some of last week's best performers were Darya Varia (up Rp 1,050), Bank Tiara (up Rp 450), Indosepamas (up Rp 400), Indorama (up Rp 375) and Medco Energi (up Rp 325). The biggest losers were Kabelindo (down Rp 1,000), Lippo Pacific (down Rp 925), BII (down Rp 775), Astra Graphia (down Rp 700) and CP Indonesia (down Rp 650). Losers outnumbered gainers by 86 to 32, while 25 remained unchanged.

-- Sigma Batara

As of Nov. 11, 1994

PER PER P/BV

Price Previous Change Volume Value 1993 1994 FY93

week Company Name (Rp.) (Rp) (+/-Rp) (Shares) (Rp) (x) (x) (x)

ABDA ''' 1,500 1,500 0 0 0 36.4 19.7 0.70 Ades Alfindo PS ''' 2,425 2,675 -250 42,000 104,275,000 n/a 9.1 1.18 AHAP Ins. ''' 3,350 3,375 -25 5,000 16,750,000 18.9 10.4 1.94 ALKASA ''' 1,100 1,100 0 65,500 71,925,000 41.7 19.7 1.07 **^ Aqua Golden ''' 2,500 2,500 0 0 0 9.7 5.1 1.06 Andayani Megah ' 3,900 4,300 -400 1,669,500 6,575,612,500 26.1 8.2 1.71 **^ Aneka Kimia Raya ''' 5,650 5,500 150 500,000 2,769,500,000 n/a 27.2 6.58 **** Anwar Sierad ''' 4,100 4,200 -100 145,000 601,150,000 23.4 11.0 1.64 Argha Karya PI ' 2,675 2,775 -100 521,000 1,406,837,500 26.2 12.7 1.61 **^ Argo Pantes ''' 2,675 2,725 -50 58,500 157,812,500 78.7 26.0 1.19 **^ Asiana Imi Ind. ''' 2,650 2,575 75 126,000 336,000,000 n/a 18.2 6.94 Aster Dharma ''' 1,100 1,100 0 0 0 31.7 10.7 0.67 Astra Graphia ''' 3,800 4,500 -700 1,500 5,750,000 13.3 -83.5 0.83 **^ Astra Internat. ' 3,225 3,275 -50 644,500 2,072,325,000 29.3 14.9 1.78 **^ Asur Bintang ''' 2,700 2,700 0 0 0 20.6 17.7 0.89 **^ Asur Dayin M ''' 2,400 2,400 0 0 0 12.2 10.7 1.28 **^ Asur Ramayana ''' 5,350 5,350 0 0 0 17.4 7.6 1.99 **^ Bakrie Bros '' 6,900 7,150 -250 330,500 2,250,775,000 12.9 13.0 13.21 **^ Bakrie Finance Corp. 1,475 1,600 -125 52,000 79,975,000 37.2 63.5 1.42 **^ Bakrie Sum Pl ''' 2,950 3,175 -225 28,500 85,437,500 10.3 7.2 0.74 Bank Bali ''' 6,100 6,100 0 0 0 21.1 16.5 3.30 **^ Bank BIRA ''' 2,400 2,475 -75 917,000 2,211,175,000 n/a 11.4 2.54 **^ Bank Danamon ' 3,275 3,325 -50 1,021,500 3,336,487,500 27.8 17.6 2.02 **^ Bank Duta ''' 2,225 2,325 -100 64,500 146,000,000 27.6 13.2 1.15 **^ Bank Int. Ind. ' 6,025 6,800 -775 3,000 19,225,000 24.3 12.7 2.36 **^ Bank Mashill '' 2,400 2,375 25 145,000 346,525,000 n/a 8.5 1.32 **^ Bank Niaga ''' 8,900 9,000 -100 3,500 31,150,000 22.3 14.2 2.10 **^ Bank NISP ''' 2,850 3,100 -250 13,500 39,337,500 n/a 13.6 3.21 Bank Papan '' 2,400 2,500 -100 139,000 339,212,500 n/a 13.2 1.38 **^ Bank PDFCI ''' 1,750 1,800 -50 105,500 185,737,500 16.2 12.0 1.39 **^ Bank Rama ''' 2,375 2,375 0 45,500 104,487,500 n/a 12.4 3.14 **^ Bank Surya ''' 2,950 2,950 0 0 0 21.3 15.2 1.92 **^ Bank Tiara '' 4,300 3,850 450 1,852,000 7,414,350,000 28.8 16.0 2.45 **^ Bank Umum Nas. ''' 2,700 2,700 0 14,500 36,350,000 20.9 12.3 1.56 **^ BAT ''' 4,300 4,900 -600 2,500 10,750,000 9.8 5.7 1.56 Barito Pacific ' 3,500 3,750 -250 1,290,500 4,604,162,500 28.9 24.6 2.70 Bayer Ord. ''' 2,200 2,200 0 0 0 6.5 4.2 1.06 **^ Bayer Pref. ''' 2,100 2,200 -100 1,500 3,150,000 0.0 0.0 0.00 Bayu Buana ''' 3,475 3,450 25 29,000 100,775,000 50.7 9.3 1.93 **^ BBL Dharmala ''' 4,250 4,250 0 0 0 12.0 15.1 3.50 **^ BDNI ' 4,200 4,500 -300 966,000 4,152,200,000 28.6 17.2 1.98 **^ Berlian Laju Tanker 1,900 1,900 0 0 0 21.9 8.0 0.98 **^ Berlina ''' 2,400 2,400 0 0 0 21.8 12.0 1.31 **^ Bintang Kharisma ' 2,950 2,950 0 0 0 n/a 9.8 3.83 **^ Branta Mulia ''' 3,200 3,500 -300 170,000 566,000,000 26.7 19.8 2.13 **^ Bumi Modern ''' 1,300 1,200 100 5,500 7,150,000 30.9 13.0 0.55 Bunas Finance ''' 2,500 2,650 -150 5,000 12,300,000 16.8 15.4 4.07 **^ Centex ''' 1,775 1,775 0 0 0 4.3 1.8 0.36 **^ CP Indonesia ''' 9,000 9,650 -650 54,000 492,800,000 17.7 14.0 4.35 ^^* Cipendawa ''' 3,150 3,150 0 5,000 15,750,000 18.2 11.2 1.96 **^ Ciputra Development 6,100 6,400 -300 250,000 1,545,000,000 n/a 15.2 2.71 **^ Citra Tubindo ''' 3,700 3,700 0 0 0 n/a n/a 4.45 Clipan Finance ''' 5,250 5,250 0 0 0 12.6 9.8 1.72 ^^* Concord Benefit '' 4,600 4,600 0 0 0 17.8 12.2 2.27 CP Prima ' 2,800 2,850 -50 17,500 48,875,000 33.7 13.0 1.59 **^ Dankos Labs. ''' 11,800 11,700 100 86,000 1,014,800,000 18.5 23.9 6.83 **^ Darya-Varia Lab ''' 7,250 6,200 1050 1,821,500 13,489,250,000 n/a 35.3 9.66 **^ Delta Djakarta ''' 5,000 5,000 0 0 0 8.5 5.8 1.86 **^ Dharmala Agrifood ' 1,375 1,450 -75 93,500 130,837,500 16.5 24.9 2.14 **^ Dharmala Inti. ' 2,850 2,950 -100 310,000 897,600,000 43.2 12.8 2.10 **^ Dharmala Sak.Sej. 2,075 2,100 -25 2,319,000 4,849,175,000 17.7 15.5 2.42 **^ Dharmindo Adhiduta 700 600 100 8,000 5,625,000 266.7 50.4 0.42 Duta Anggada ' 2,150 2,225 -75 1,024,500 2,229,062,500 78.5 12.1 1.61 **^ Duta Pertiwi ''' 1,050 1,200 -150 262,000 927,475,000 12.9 4.0 0.68 **^ Duta Pertiwi Realty 3,600 3,750 -150 1,408,500 5,154,725,000 n/a 10.4 5.78 **^ Dynaplast ''' 5,100 5,100 0 0 0 22.1 23.7 1.85 **^ Ekadharma ''' 4,700 4,700 0 0 0 15.7 35.0 2.94 **^ Enseval Putera M '' 8,500 8,550 -50 50,000 425,000,000 n/a 29.5 8.37 **^ Eratex Djaja ''' 950 975 -25 10,000 9,500,000 17.0 6.5 0.72 **^ Ever Shine Textile 2,350 2,300 50 2,500 5,875,000 16.3 14.0 3.00 **^ Fast Food Indonesian 3,725 3,750 -25 27,500 102,375,000 27.0 17.9 3.22 Ficorinvest Bank ' 3,000 3,100 -100 238,000 714,350,000 23.2 7.7 0.86 ^^* Gajah Surya ' 1,400 1,400 0 154,000 215,662,500 21.6 28.3 3.38 Gadjah Tunggal ' 3,550 3,725 -175 2,204,000 7,896,675,000 32.1 15.3 1.42 **^ Ganda Wangsa Utama 1,225 1,300 -75 457,000 566,875,000 21.3 6.8 1.04 **^ Goodyear ''' 5,900 5,900 0 0 0 7.9 7.5 2.05 Great Gold Star '' 9,900 9,900 0 0 0 n/a 122.8 4.12 *** Great River ' 1,850 1,700 150 345,000 606,737,500 28.4 12.3 1.01 **^ Gudang Garam '' 13,900 14,000 -100 269,000 3,757,050,000 26.7 36.2 4.11 **^ Hadtex ' 1,100 1,100 0 1,572,500 1,738,187,500 25.1 8.7 0.58 **^ Hero Super ' 4,875 4,925 -50 10,000 48,875,000 52.5 29.6 3.24 **^ HM Sampoerna ' 10,300 10,100 200 888,500 9,152,837,500 21.9 27.2 6.49 **^ Hotel Prapatan ''' 1,700 1,700 0 272,500 463,250,000 38.3 11.2 1.36 **^ H. Sahid Jaya ''' 1,350 1,350 0 21,000 28,350,000 41.0 14.4 0.97 **^ Igar Jaya ''' 1,100 1,100 0 7,000 8,200,000 55.9 24.1 1.01 **^ IKI Kabel Ind. ''' 2,100 2,100 0 0 0 41.4 21.0 1.75 **^ INCO ' 3,375 3,475 -100 23,000 79,187,500 19.3 14.6 0.88 **^ Indah Kiat ' 2,425 2,475 -50 203,000 492,675,000 32.9 29.4 2.23 **^ Indocement ''' 8,200 8,250 -50 349,500 2,866,300,000 29.5 27.5 5.06 **^ Indocitra ''' 1,375 1,400 -25 2,500 3,437,500 38.8 14.9 0.65 Indofood SM ''' 9,650 9,500 150 107,500 1,014,400,000 n/a 28.8 21.61 Indorama '' 9,200 8,825 375 90,500 823,775,000 14.1 14.2 3.20 **^ Indorayon ' 5,700 5,875 -175 31,500 179,700,000 30.1 34.3 3.21 **^ Indosat''' 8,400 8,350 50 6,901,500 57,599,387,500 n/a 30.9 14.64 Indosepamas ''' 3,600 3,200 400 89,500 289,100,000 9.4 9.5 1.30 **^ Indospring ''' 1,450 1,700 -250 9,500 15,150,000 27.5 11.5 1.24 **^ Indovest Bank ''' 1,400 1,400 0 0 0 19.7 8.0 1.18 **^ Intan Wijaya ''' 1,000 1,025 -25 36,500 36,900,000 20.4 5.2 0.71 **^ Inter Delta ''' 2,400 2,400 0 14,000 33,950,000 22.8 21.3 1.91 **^ Inter Pacific Bank 2,400 2,400 0 19,500 69,700,000 16.2 7.5 1.23 **^ Intinusa Selareksa 3,300 3,400 -100 26,500 93,125,000 n/a 13.3 4.69 Intraco Penta ''' 2,975 2,975 0 0 0 38.9 10.9 1.65 **^ Itamaraya ''' 2,750 2,750 0 0 0 110.9 162.6 2.09 **^ Jakarta Int. H. ' 2,875 2,925 -50 674,500 1,947,812,500 58.8 88.1 0.75 **^ JAPFA ' 3,250 3,300 -50 49,000 158,325,000 16.7 13.3 1.52 **^ Jaya Pari Steel '' 2,000 2,000 0 53,500 107,250,000 11.0 11.5 0.65 **^ Jaya Real Property 8,900 9,000 -100 12,000 106,800,000 n/a 22.9 10.33 Jembo Cable ''' 3,500 3,500 0 1,000 3,500,000 34.8 27.9 2.87 **^ Kabel Metal ' 3,175 3,150 25 280,000 891,312,500 33.8 19.2 2.28 **^ Kabelindo ''' 7,500 8,500 -1000 39,500 296,250,000 18.6 8.2 1.85 **^ Kalbe Farma ' 9,500 9,550 -50 64,500 612,100,000 35.5 34.5 6.83 **^ Kedaung Indah ''' 2,850 2,900 -50 5,000 14,250,000 27.8 12.7 1.89 **^ Kurnia Kapuas '' 850 875 -25 95,000 77,937,500 10.1 3.5 0.57 **^ Langgeng Makmur''' 3,050 3,025 25 147,000 448,350,000 n/a 14.8 4.14 Lionmesh ''' 1,600 1,625 -25 3,000 4,700,000 13.6 7.0 0.97 Lion Metal ''' 1,800 1,800 0 12,000 21,400,000 8.9 6.3 1.11 Lippo Bank ' 4,350 4,500 -150 20,000 88,700,000 32.1 19.3 2.98 **^ Lippo Industries ' 5,100 5,100 0 0 0 14.7 8.5 0.62 **^ Lippo Land ''' 3,700 3,600 100 402,000 1,415,100,000 29.7 46.3 4.60 **^ Lippo Life ''' 5,700 5,700 0 0 0 18.3 61.0 13.07 **^ Lippo Pacific ''' 2,275 3,200 -925 10,500 24,987,500 14.4 8.0 1.84 **^ Lippo Securities ' 7,200 7,500 -300 20,000 145,000,000 n/a 11.8 9.85 Marein ''' 1,100 1,050 50 76,500 84,150,000 15.8 13.3 0.88 **^ Mas Murni ' 1,100 1,200 -100 238,500 271,050,000 n/a 5.4 0.70 **^ Matahari Putra Prima 4,500 4,500 0 4,000 18,000,000 26.6 23.7 3.61 ^^* Mayatexdian ' 700 700 0 316,500 221,562,500 n/a 47.6 0.50 **^ Mayertex ''' 5,500 5,500 0 0 0 531.8 60.5 3.80 **^ Mayora Indah '' 11,800 12,000 -200 42,000 496,200,000 45.3 27.8 3.02 **^ Medco Energi Corp''' 5,775 5,450 325 720,500 4,048,425,000 n/a 32.2 10.14 Merck ''' 12,500 12,500 0 0 0 9.7 7.5 5.86 **^ Metrodata Elec. '' 2,050 2,200 -150 2,000 4,175,000 11.5 4.2 0.73 **^ Metro Supermarket '' 6,950 6,950 0 0 0 28.5 14.7 2.65 Modernbank ''' 2,150 2,200 -50 58,000 125,175,000 n/a 12.9 2.39 Modern Photo ''' 11,550 11,800 -250 41,500 483,675,000 28.3 30.5 7.04 ^^* Modernland Realty ' 7,600 7,600 0 0 0 41.4 14.5 2.84 Mulia Industrindo ' 6,350 6,300 50 181,000 1,131,525,000 n/a 20.8 3.55 **^ Mulialand ''' 2,500 2,425 75 1,730,000 4,210,262,500 n/a 13.3 2.33 **^ Multibreeder Adirama 3,650 3,650 0 105,500 385,075,000 n/a 10.8 2.14 **^ Multi Bintang ''' 7,750 7,750 0 0 0 5.6 5.6 2.33 **^ Multipolar ' 2,000 2,050 -50 187,500 385,650,000 18.8 12.2 0.94 **^ Nipress ''' 3,700 3,700 0 0 0 27.2 16.1 1.66 Ometraco Fin. ''' 3,100 3,175 -75 150,500 467,225,000 48.0 9.1 0.98 **^ Ometraco Realty ''' 2,100 2,050 50 60,000 124,875,000 n/a 13.2 2.66 **^ Pakuwon Jati ' 2,175 2,275 -100 115,500 258,950,000 52.1 21.9 2.62 Pan Brothers ' 1,100 1,100 0 179,000 195,000,000 n/a 6.6 1.17 **^ Panca Wiratama ''' 5,500 5,500 0 0 0 n/a 28.4 2.12 **^ Panin Bank ''' 3,100 3,000 100 421,000 1,302,275,000 26.5 17.3 2.08 **^ Panin Insurance '' 1,300 1,300 0 0 0 13.8 7.9 0.93 **^ Panin Life ''' 2,700 2,700 0 0 0 12.0 11.9 1.05 Perdana Finance '' 2,500 2,550 -50 49,500 124,000,000 n/a 14.9 2.05 **^ Petrosea ''' 3,900 3,900 0 0 0 3.8 1.7 0.40 **^ Plaza Indonesia '' 1,700 1,600 100 77,000 123,400,000 46.3 17.1 1.14 **^ Polysindo ''' 4,100 4,100 0 0 0 15.0 10.5 1.77 **^ Pool Asuransi INA 3,800 3,800 0 0 0 135.7 33.0 4.02 Prasidha Aneka Niaga 3,125 3,125 0 0 0 n/a 12.8 3.43 Prima Alloy ''' 1,150 1,150 0 0 0 25.0 12.8 0.80 **^ P&G Indonesia ''' 9,500 9,500 0 0 0 11.0 2.3 2.05 Pujiadi & Sons ''' 4,300 4,300 0 0 0 28.8 28.4 2.87 Putra Sejahtera P. ' 4,900 4,925 -25 11,500 56,350,000 n/a 14.5 2.03 **^ Putra Surya Perkasa 3,100 3,275 -175 590,000 1,835,412,500 n/a 13.9 1.67 **^ Rig Tenders ' 625 675 -50 146,500 94,662,500 7.7 4.1 0.42 Rimba Niaga ''' 1,600 1,600 0 0 0 n/a n/a 2.32 Roda Vivatex ''' 4,000 4,000 0 0 0 6.3 10.2 1.17 **^ Sarasa Nugraha''' 2,500 2,500 0 0 0 10.6 14.5 1.83 **^ Sari Husada ''' 10,500 10,200 300 5,500 57,150,000 33.4 16.2 7.14 *** Schering Plough '' 6,700 6,700 0 0 0 7.7 5.3 2.00 **^ Sekar Bumi ' 3,175 3,200 -25 543,000 1,664,087,500 20.5 14.4 3.28 **^ Sekar Laut ''' 4,900 5,500 -600 1,000 4,900,000 33.4 12.9 2.18 **^ Semen Cibinong ''' 5,425 5,750 -325 7,500 40,850,000 26.3 21.6 1.80 **^ Semen Gresik ''' 7,400 7,600 -200 11,000 81,400,000 24.4 27.1 1.61 **^ Sepatu Bata ''' 3,850 3,850 0 0 0 7.3 3.5 1.51 SMART Corp. ' 3,350 3,475 -125 631,000 2,140,600,000 27.0 16.4 2.47 **^ Soedarpo ''' 925 875 50 11,000 10,062,500 29.9 9.0 0.57 **^ Sona Topas ''' 7,100 7,100 0 0 0 22.4 20.2 5.00 **^ SORINI CORP ''' 10,000 9,750 250 22,000 201,800,000 26.9 24.2 7.02 Suba Indah ''' 3,800 4,300 -500 30,000 114,000,000 27.6 14.3 2.27 **^ Squibb ''' 5,700 5,700 0 0 0 7.9 9.2 1.68 **^ SS Gas ''' 2,750 2,750 0 0 0 n/a 22.5 1.72 Steady Safe ''' 4,100 4,100 0 0 0 n/a 11.4 4.95 SUCACO ''' 6,300 6,300 0 0 0 16.9 11.4 1.35 Sumalindo Lestari 6,200 6,500 -300 51,000 316,400,000 n/a 19.5 3.56 Summarecon ''' 3,900 3,900 0 0 0 20.2 13.7 2.16 Super Indah Makmur 1,400 1,500 -100 10,000 14,000,000 n/a 14.8 1.06 **^ Super Mitory ''' 1,100 1,275 -175 60,500 65,087,500 20.1 6.2 0.67 **^ Surabaya Agung ' 1,725 1,700 25 428,500 738,212,500 35.5 8.5 0.84 **^ Surya Toto ''' 5,200 5,200 0 0 0 22.7 16.7 3.27 **^ Tamara Bank ''' 1,800 1,975 -175 17,500 33,312,500 6.4 9.5 1.08 **^ Tancho Indonesia ' 6,200 6,200 0 0 0 11.3 9.8 1.06 **^ Tembaga Mulia ''' 4,000 4,000 0 0 0 10.6 5.2 0.85 Tempo Scan Pacific 11,200 11,200 0 23,500 265,000,000 n/a 26.6 3.76 **^ Texmaco Jaya ''' 4,150 4,150 0 8,000 31,225,000 n/a 11.2 2.00 **^ Texmaco Perkasa ''' 3,100 3,100 0 7,500 23,250,000 5.6 24.7 2.48 **^ Textronic ''' 3,700 3,700 0 0 0 246.6 164.4 2.01 *** TIFICO ''' 3,000 3,000 0 0 0 10.1 62.0 0.52 **^ Tigaraksa ''' 9,500 9,600 -100 50,000 475,000,000 27.4 23.3 4.41 **^ Tira Austenite ''' 5,000 5,000 0 0 0 15.2 15.9 3.52 **^ Tjiwi Kimia ' 5,250 5,400 -150 182,500 964,800,000 21.4 12.7 2.39 **^ Toko Gunung Ag. '' 1,800 1,800 0 0 0 20.5 5.6 1.05 **^ Trafindo Perk. ''' 2,000 2,000 0 50,500 101,000,000 14.0 9.6 1.08 **^ Trias Sentosa '' 4,300 4,250 50 148,500 625,487,500 16.3 15.8 2.17 **^ Ugahari ''' 2,350 2,350 0 0 0 n/a 25.4 1.47 **^ Ultra Jaya ''' 6,000 6,000 0 0 0 26.3 59.3 6.01 **^ Unggul Indah ' 3,025 3,050 -25 122,500 369,525,000 19.0 12.9 1.88 **^ Unilever ''' 38,500 38,500 0 0 0 35.4 31.9 14.40 **^ United Tractors ' 5,400 5,400 0 99,500 537,250,000 24.4 18.9 2.36 **^ Voksel Electric '' 4,000 4,000 0 0 0 52.1 16.6 2.90 Wicaksana OI ''' 5,600 5,575 25 137,500 767,775,000 n/a 32.1 7.71 Zebra Nusantara '' 1,350 1,350 0 1,500 2,025,000 8.9 8.3 1.15 ______________________________________________________________________________________

AVERAGE 25.9 19.6 3.59 ______________________________________________________________________________________

Volume Value

Regular transactions 43,139,000 192,829,887,500 ' Liquid stock Block sale 817,500 1,434,250,000 " Semi liquid stock Crossing transactions 39,972,223 178,296,153,400 ''' Illiquid stock Transactions over foreign portion 4,440,200 23,851,705,000 ^ FY92 Odd lot transactions 0 0 ^* 1Q93 Cash trading 533,500 1,298,012,500 ** 1H93 Total transactions 88,902,423 397,710,008,400 *** 3Q93

^^* 1Q94 Rights transactions 498,693 71,802,981 **^ 1H94