Sun, Mar 12, 2006 - Page 10 News List

Asian stocks close mixed amid anxiety over bird flu

CAUTION In Taipei share prices closed flat on Friday as dealers were discouraged by the KMT's plans to hold a protest rally today against the president's NUC moves

AFP , HONG KONG

The Shanghai A-share Index rose 0.38 points to 1,306.76 and the Shenzhen A-share Index was up 1.26 points to 313.98.

The benchmark Shanghai Composite Index, which covers A and B-shares, added 0.49 points to 1,245.65.

Sydney share prices closed 0.13 percent lower as a fall on Wall Street and mixed signals from commodity markets kept the market largely range-bound.

Dealers said investors were reluctant to take positions ahead of the weekend, preferring instead to take small profits where they could.

The S&P/ASX 200 index dropped 6.3 points to 4,888.1.

Singapore share prices closed 0.3 percent lower, in line with Wall Street's losses overnight and on fresh concerns oil prices could head higher once again.

The Straits Times Index fell 7.52 points at 2,496.73.

Fraser Securities research head Najeeb Jarhom said interest in property stocks may pick up pace as bidding for a casino on downtown Marina Bay closes on March 29.

In Kuala Lumpur share prices closed with a slight gain of 0.11 percent on selected buying of blue chips. The composite index gained 1.05 points to 921.96.

Bangkok share prices closed 0.11 percent lower as the country braced for next week's mass protest demanding the resignation of Thai Prime Minister Thaksin Shinawatra.

The composite index fell 0.81 points to 728.18.

In Jakarta share prices closed 0.63 percent higher led by a rebound in index heavyweights Astra International, Bank Central Asia and Bank Rakyat Indonesia.

The composite index rose 7.845 points at 1,247.422.

Manila share prices closed 0.3 percent lower as the market consolidated in the face of the downturn on Wall Street and the release of disappointing January export figures.

The composite index slipped 6.40 points to 2,103.3.

Wellington share prices rose 0.72 percent to close at a record high after investors reacted positively to a fall in the currency, which gives a boost to exporters.

Dealers said there were also hopes the central bank will cut interest rates later this year as the economy slows further.

The NZSX-50 gross index rose 25.05 points to 3,487.72.

Mumbai share prices rose 1.81 percent to a record close on strong overseas fund and retail buying, led by software, banking and automobile stocks.

Dealers said buying was robust in media and television stocks after an Indian court ordered the government to implement the Conditional Access System for cable operators in a month.

The 30-share SENSEX index rose 191.62 points to 10,765.16.

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