Sun, Jul 31, 2005 - Page 10 News List

Strengthening US markets reflected on Asian bourses

UPBEAT INDICATORS In Taipei, profit-taking gathered momentum, with investors cashing out amid growing caution ahead of the release of Q2 corporate results

AFP , HONG KONG

The Shanghai A-share Index fell 3.76 points to 1,138.69, while the Shenzhen A-share Index was down 1.27 points at 262.23.

The benchmark Shanghai Composite Index, which covers both A- and B-shares, closed down 3.52 points at 1,083.03.

Sydney share prices closed at new record highs amid strong performances in the resources and retail, amid higher base metal prices on the back of supply tightness resulting in strong gains for miners. The SP/ASX 200 index rose 21 points to 4,388.8, breaking Wednesday's previous record high of 4,386.8 points.

Singapore share prices closed 0.27 percent higher, extending the market's rally to four days as sentiment remained positive amid the corporate earnings season.

The Straits Times Index climbed 6.37 points to 2,352.56 on volume of 849.69 million shares.

Malaysian share prices closed 0.32 percent higher after a mixed session where bargain hunting alternated with profit taking. The composite index was up 3.01 points at 937.39.

Bangkok share prices closed 0.83 percent higher as foreign investors bought into large caps on positive earnings expectations, and shrugged off figures showing a rising current account deficit. The composite index gained 5.58 points to 675.67 in moderate trading.

Jakarta share prices closed 0.36 percent lower on Friday in very heavy trading, with profit-taking in market-leader Telkom along with falls in energy firm Medco driving the index lower. The composite index closed down 4.313 points at 1,182.301.

Manila share prices closed virtually unchanged as gains in telecom giant Philippine Long Distance Telephone (PLDT) offset profit-taking in the broader market. The composite index gained 0.43 points to 2,000.25.

Wellington share prices edged up marginally to another record finish as the key index tracked the fortunes of market-leader Telecom. The NZSX-50 gross index rose 2.36 points to 3,359.28.

Mumbai share prices closed at a record high as the financial capital recovered from pounding rains that left more almost 900 dead in western Maharashtra state.

The SENSEX was shut on Thursday as days of torrential rains flooded Mumbai, capital of Maharashtra and home to the country's two largest bourses, the National and Mumbai stock exchanges.

The 30 share SENSEX briefly hit an intraday record high of 7,708.54 on Friday. It then slipped marginally before closing up 30.39 points or 0.40 percent at 7,635.42.

This story has been viewed 2073 times.
TOP top