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#40366 - 11 Jan 07 05:57 Panic at JSX
biznews Moderator Offline
Pujangga Besar

Registered: 24 Apr 08
Posts: 7508
Loc: Jakarta
BLACK WEDNESDAY!!!

I'm down about 10 million rupiah so far as the afternoon session opens. Here's a translated article.

Rabu, 10 Januari 2007 13:01:19
StockWatch (Jakarta) - The Jakarta Composite Index (JCI) was down sharply in the first session today (10/1) near level 1,700 at 1,712.494 due to panic selling following decline in the Southeast Asian markets.

Likewise, the LQ45 Index also stepped down 16.390 points (4.255%) at 368,839 while the Jakarta Islamic Index (JII) ended down 12.164 points (3.997%) at 292.171.

Investment limitation in Thailand was one of the factors that caused the index decline, a trader at Trimegah Securities said. The index fall was due to panic selling in the Stock Exchange of Thailand (SET) which was down in the noon session today after the local government issued a rule to limit foreign ownership at 50%.

Meanwhile, AAA Securities' trader said that foreign investors may have reduced their investments in the Asia-Pacific markets following issuance of the rule by the Thai government, which caused panic in the market.

The trading volume consisted of 2.201 billion with value of IDR1.763 trillion and frequency of 24,733 transactions, while the total active shares were 195 with only 11 gainers, 161 losers and 23 flat.

Among the losers were INTP by IDR200 or 3.60% at 5,350, MEDC by IDR200 or 5,88% at 3,200, BMRI by IDR150 or 5.61% at 2,525, ASII by IDR650 or 4.14% at 15,050 and ANTM by IDR500 or 6.58% at 7,100 per share.

Other losers were ISAT by IDR450 or 7.03% at 5,300, TINS at 400 or 7.02% at 5,300, PGAS by IDR400 or 3.76% at 10,250, BBCA by 250 or 4.81% at 4,950 and TLKM by IDR250 or 2.51% at 9,700 a share.

The risers included HMSP by IDR100 or 1.01% at 10,000, MEGA by IDR25 or 1.20% at 2,100, INDR by IDR10 or 1.92% at 530, WICO by IDR5 or 4.76% at 110 and DOID by IDR5 or 1.92% at 265 per unit.
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#40367 - 11 Jan 07 05:59 Re: Panic at JSX [Re: riccardo]
riccardo Offline
Pujangga

Registered: 12 Oct 05
Posts: 2195
Loc: Jakarta
The nice thing about the JSX is you can almost bet your house that tomorrow will be a nice rally, so it's a great day to BUY, BUY BUY, especially PGAS
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Just here proffering my pearls to swine, my throat to wolves and my trousers to the flagpole.

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#40371 - 11 Jan 07 07:01 Re: Panic at JSX [Re: riccardo]
riccardo Offline
Pujangga

Registered: 12 Oct 05
Posts: 2195
Loc: Jakarta
Carnage!! It closes down 70 points, Total value loss 4%.
_________________________
Just here proffering my pearls to swine, my throat to wolves and my trousers to the flagpole.

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