Market Flash: iSHARES MSCI Indonesia Investable Market Index Fund (EIDO:US) PRICE: 28.530 USD Down -0.360 (-1.246%) >>> BI: Rupiah Melemah Akibat Kondisi Eropa >>> Pertemuan FED pertimbangkan langkah baru dorong ekonomi >>> KIJA akan Terbitkan MEN Valas USD150 Juta >>> PT Indika Energy Perusahaan Teladan Dunia 2011 >>> Govt Promises Revision of Cost Recovery Regulation >>> BPMigas Demands PGN to Pay US$6 per MMBTU >>> Jababeka to Raise US$150 Million from Debt Markets >>> SCG Chemicals buys Chandra Asri >>> Solusi Tunas eyes Rp380 bio IPO >>> SMR Utama scouts Rp300 bio IPO >>> Alam Sutera picks two bond arrangers >>> ASII Tetap Rajai Penjualan Mobil Agustus 2011 >>> Perusahaan Thailand kuasai Saham TPIA senilai Rp 3,76 Triliun >>> Agis Main ke Tambang, Sahamnya Masuk Dalam Pengawasan >>> ACES Mendekati The Northern Agar Mau Kurangi Kepemilikan >>> IHSG masih harus berjuang terus bertahan diatas MA200 >>> Melirik Peluang Akumulasi di Saham Perbankan >>> Analisa Saham BUMI: Kuat Bertahan & Berpeluang Kembali Uptrend >>> Analisa Saham JSMR: Bertahan Di Support, What Next? >>> INDF Tertahan Di Area Support Kuat, Berpeluang Rebound >>> ASII Break Minor Support, Sell on Strength >>> ADRO Membentuk Descending Wedges, Berpeluang Rebound Terbatas >>> Wall Street ends flat as early gains evaporate >>> Fed begins policy meeting, tiptoes toward easing >>> Fed meeting to help decide on long-term Treasuries >>> Greece Makes 'Good Progress' in Reform Talks: EC >>> China worried Europe debt crisis will hit trade >>> China could roll out 4.65tr yuan stimulus package >>> IMF sees Mideast stagnation >>> NYMEX-Crude ends higher at Oct contract expiry >>> Asian Crude Palm Oil Up On Technical Buying, Soyoil >>> Foreign net Sell - 61.785.746

Selasa, 24 Mei 2011

Markets / Cement Sector / Mining Sector / BMRI / Jaya Agra / Picture of the Day (update1) - Credit Suisse

Highlights of the Day

1. Markets: Review and Outlook
2. Indonesia Cement Sector: Awaiting the Land Reform Bill
3. Local News: Mining Sector / BMRI / Jaya Agra Wattie
4. Picture of the Day: Honda Spacy – Launched in Early May 2011

1) Markets: Review and Outlook

Equities: The JCI opened the week with 2.4% correction to 3778 on Monday, weighed by across the board, heavy profit-taking following its new all-time high last week. Turnover was decent at US$630 mn, mostly driven by selling activities in the afternoon session. Follow through selling, weak regional markets open and renewed concerns over EU sovereign credit crisis would likely continue to weigh on the JCI today.

Fixed Income: The bond market was weak yesterday with yields up by 10bps, largely driven by anxieties over the EU credit crisis. Similarly, the NDS (Non-Deliverable Cross Currency Swap) was higher by 25 bps, amid the unwinding of the structured notes in the market. The government stated that it is allocating Rp3.0 tn (US$ 350 mn) for bond buyback in times of crisis, which should be a confidence booster for the market. Benchmark 10-year government bond yield stood at 7.47%.

Currency: The rupiah ended lower at 8593 against the greenback, in-line with the sell-offs in Indonesia ’s bond and equities markets.

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