VOL NO REGD NO DA 1589

Sunday, July 24, 2005

HEADLINE

POLITICS & POLICIES

METRO & COUNTRY

OPINIONS & VIEWS

EDITORIAL

LETTER TO EDITOR

COMPANIES & FINANCE

BUSINESS & FINANCE

LEISURE & ENTERTAINMENT

MARKET & COMMODITIES

SPORTS

WORLD

 

FE Specials

FE Education

Urban Property

Monthly Roundup

Saturday Feature

Asia/South Asia

 

Feature

13th SAARC SUMMIT DHAKA-2005

WOMEN & ECONOMY

57th Republic Day of India

US TRADE SHOW

 

 

 

Archive

Site Search

 

HOME

COMPANY & FINANCE
 
Asian stocks close mostly lower, markets seen consolidating
11/15/2005
 

          HONG KONG, Nov 14 (AFP): Asian stocks closed mostly lower Monday with regional trade consolidating amid a lack of fresh leads and on a recent bounce, which followed a difficult October, dealers said.
They said, however, that the overall mood remained optimistic given recent falls in the price of oil, resulting in an easing of inflationary fears, and an improved performance by Wall Street last Friday.
MUMBAI: Share prices closed slightly higher as overseas funds bought blue-chip shares.
Dealers said bank stocks gained after State Bank of India (SBI), the country's largest bank, teamed up with the largest software company, Tata Consultancy Services (TCS), to design new banking services.
The Sensex rose 23.25 points or 0.17 per cent at 8,494.29 on turnover of 24.84 billion rupees (543 million dollars).
TCS rose 23.5 rupees or 1.59 per cent to 1,508 and SBI gained 13.9 rupees or 1.6 per cent to 885.1.
TOKYO: Share prices closed 0.28 per cent lower as investors locked in profits after the market's rise to fresh four-year highs last week.
The Nikkei-225 index fell 39.02 points to 14,116.04, the first decline in four sessions.
SEOUL: Share prices rose 0.12 per cent for another record closing finish, led by Samsung Electronics and Hynix on a positive high-tech industry outlook.
The KOSPI index closed up 1.51 points at 1,257.63. Volume was 449 million shares worth 3.8 trillion won (3.66 billion dollars).
HONG KONG: Share prices closed 0.75 per cent lower on a lack of major positive trading leads, with Cheung Kong and Hutchison Whampoa leading the fall.
The Hang Seng Index lost 111.11 points to 14,629.49 on turnover of 17.1 billion Hong Kong dollars (2.19 billion US dollars).
Cheung Kong was down 0.90 dollars at 78.30, and Hutchison Whampoa down 1.50 at 73.00.
TAIPEI: Share prices closed 0.14 per cent higher as foreign investor interest, supported by the latest modest gains on Wall Street, outweighed profit-taking.
The weighted index was up 8.36 points at 6,083.62 on turnover of 70.32 billion Taiwan dollars (2.11 billion US).
Taiwan Semiconductor Manufacturing Co closed unchanged at 57.00 Taiwan dollars, while United Microelectronics Corp closed down 0.20 at 19.00.
SHANGHAI: Share prices closed little changed, continuing to trade in a narrow range in the absence of any convincing fresh leads.
The Shanghai A-share Index slipped 1.63 points to 1,144.24 or 0.14 per cent on turnover of 3.87 billion yuan (477 million dollars) while the Shenzhen A-share Index was up 0.03 points at 275.78 on turnover of 2.88 billion yuan.
The benchmark Shanghai Composite Index, which covers both A- and B-shares, fell 1.54 points or 0.14 per cent at 1,088.65 on turnover of 3.89 billion yuan.
SINGAPORE: Share prices closed 0.52 per cent lower, continuing to consolidate as investors found no fresh leads.
The Straits Times Index fell 11.88 points to 2,254.15. Volume totalled 763 million shares worth 619 million Singapore dollars (364 million US).
For the blue chips, Singapore Telecommunications retreated three cents to 2.39, Singapore Airlines gained 10 cents to 11.60, ST Engineering was up two cents at 2.61 and Singapore Press Holdings was flat at 4.44.
KUALA LUMPUR: Share prices closed 0.24 per cent lower as foreign investor selling of selected blue chips continued.
The Composite Index fell 2.16 points to 896.19 on volume of 230.14 million shares worth 595.19 million ringgit (157.50 million dollars).
Among blue chips, Tenaga Nasional was up 0.30 ringgit at 9.65, Telekom Malaysia gained 0.05 to 9.60, but Malayan Banking shed 0.10 to 11.00.
BANGKOK: Share prices closed 1.02 per cent lower as investors remained jittery ahead of a court ruling on the listing of the country's largest energy utility EGAT.
The Composite Index dropped 7.04 points to 683.41. Turnover stood at 2.6 billion shares worth 10.8 billion baht (264 million dollars).
Among major shares, Thailand's top energy firm PTT rose 4.00 to 224.00 while its subsidiary PTT Exploration and Production was unchanged at 428.00.
JAKARTA: Share prices closed 1.09 per cent lower, extending losses as investors continued uneasy at the prospect of higher interest rates following a spike in inflation.
The Composite Index shed 11.251 points to 1,017.733 on volume of 859.63 million shares worth 928.66 billion rupiah (93.14 million dollars.)
Telkom was up 50 rupiah at 4,975, Indosat was up 50 to 5,000 rupiah, Gudang Garam was up 150 at 10,200, Bank Rakyat Indonesia was up 25 at 2,425 and Bank Central Asia was up 25 to 3,025.
MANILA: Share prices closed 0.99 per cent lower in a technical correction after a recent sharp rally which took the market to eight-month highs.
The Composite Index fell 20.63 points to 2,072.05. Volume was 409 million shares worth 495 million pesos (9.1 million dollars).
Philippine Long Distance Telephone was the most actively traded stock, falling 25 pesos at 1,790 pesos.

 

 
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com