Sun, Aug 20, 2006 - Page 10 News List

Profit-taking in Asia gnaws into slim early gains

AFP , HONG KONG

The Shanghai Composite Index, which covers A and B-shares, closed down 5.31 points or 0.33 percent at 1,598.02.

Sydney share prices closed flat as falls in oil and gold stocks offset gains caused by speculation over a takeover bid for retail giant Coles Myer.

The SP/ASX 200 slipped 3.4 points to 5,052.5.

Singapore share prices closed 0.52 percent higher as overnight gains on Wall Street and receding oil prices prompted buying of blue chip stocks.

The Straits Times Index rose 12.88 points to 2,483.53.

Kuala Lumpur

Kuala Lumpur share prices closed little changed in a market generally held in a tight range by concerns that regulators might come down hard on highly speculative stocks.

The composite index closed down 0.08 points at 942.00.

Manila share prices closed 0.68 percent lower after three straight days of gains as investors opted to take profits in the absence of strong leads ahead of a long weekend.

The composite index was down 16.06 points to 2,329.90.

Wellington share prices closed 0.47 percent lower, as gains in overseas markets failed to impact on local trading for a third consecutive day. The NZX-50 gross index fell 16.16 points to 3,468.26.

Mumbai share prices closed marginally down, snapping a seven-day rally, as local funds and investors locked in gains.

The 30-share SENSEX index fell 11.76 points or 0.1 percent to 11,465.72.

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