>

Asia: corporate accountability largest regional automakers warned optimism

Jul 30th, 2009 | By admin | Category: Reviews and ideas

 

On Thursday, 30 July, the stock markets of the Asia-Pacific region against the backdrop of better than expected corporate reporting companies such as Honda Motor and Nissan Motor, improved investor confidence to a speedy recovery in world economic growth, concluded the day with a positive result.

Statement by the People's Bank of China, that the regulator will maintain a moderately soft monetary policy, as well as the use of market instruments for strengthening regulation of the stock indicator in Hong Kong and China. Recall that at yesterday's auction Chinese stock index Shanghai Composite Index fell to a maximum in the last 8 months, the amount of 5%.

Reducing the cost of oil and metals at yesterday's auction in New York, however, adversely affected the Securities commodity sector, most of whom completed the bidding with a negative result.

The overall indicator

regional MSCI Asia Pacific Index added 0.7% to values of 109.95 points.

Japanese Nikkei 225 rose 0.51% and reached a value of 10 165.21 points, the broader Topix market indicator went up by 0.71% and reached 936.94 points. Mitsubishi Electric Shares soared 15% up to 710 yen against the backdrop of the publication of a smaller than expected quarterly loss of 8.25 billion yen ($ 87 million), which is due to increased sales of heavy equipment. The head of the firm also said that the worst is over for us.

Quotations

the second largest domestic automakers Honda Motor jumped to 8.7% to 3 010 yen. Representatives of Honda, after yesterday's closing bid announced on improving the forecast for operating profit for the year to end in March 2010 to 70 billion yen, emphasizing cost reductions. Nomura analysts also upgraded the stock recommendation to assess the buy.

Papers

its rival Nissan Motor have been heavier than a 10% to 694 yen. Net loss for the company's first quarter was below expectations of analysts. Shares of gold and nickel producer Sumitomo Metal Mining collapsed to 3.9% to 1 392 yen against the backdrop of the publication of a quarterly profit fall by 78%, as well as reducing the cost of metals.

Hong Kong Hang Seng rose by 0.49% to 20 234.08 points. Shares in China's largest oil service agent outside the sushi Cnooc rolled down on 1,5% to HK $ 10,26. Quotations manufacturer of household appliances Techtronic Industries fell by 5.9% to HK $ 6,65 significance against the backdrop of the news of the intention to raise funds through additional issue of shares.

Stock indicator

Australia SP /ASX 200 concluded the day, rising to 1.15% to 4 190.40 points. Quotations world's largest mining company BHP Billiton weakened to 0.8% to A $ 37,15 as a result of reducing the cost of metals.

Papers largest capitalization national lender Commonwealth Bank went up by 4.3%, while its rival National Australia Bank strengthened to 3.8% after Citigroup analysts have upgraded the recommendation on shares of both banks to assess the buy Highlighting the narrowing of credit spreads, as well as eliminating the risks of insolvency.

Filipino PSEi bidding has completed with the weakening to 1.37% to 2 764.98 points. Shares of energy Manila Electric collapsed by 18% on expectations of a speedy end battle of the two largest owners of property on it.

the main index at the closing are shown in the table:

Index Country Closing (items) Change day (items) Changing the day (%) Change from the beginning of the year
SP /ASX 200 Australia 4190,40 47,60 1 , 15% 12,58%
All Ordinaries Australia 4195,90 47 1,13% 14,66%
Ho Chi Minh Vietnam 451,91 -6,13 -1,34% 43,18%
Hang Seng Hong Kong 20234,08 98,58 0,49% 40,64%
Hang Seng H-shares Hong Kong 11991,60 0,23 0,00% 51,95%
BSE 30 (Sensex) India 15387,96 214,50 1,41% 59,51%
Jakarta Composite Indonesia 2298,14 72,32 3,25% 69,55%
Shanghai A-shares China 3486,83 57,90 1,69% 82,39%
CSI 300 China 3634,82 76,31 2,14% 99,97%
KLSE Composite Malaysia 1160,66 -3,82 -0,33% 32,38%
NZSE 50 New Zealand 2994,00 3,53 0,12% 10,25%
Karachi 100 Pakistan 7491,76 -45,22 -0,60% 27,74%
Straits Times Singapore 2636,19 32,13 1,23% 49,65%
Bangkok SET Thailand 621,95 7,07 1,15% 38,22%
TAIEX Taiwan 7027,11 -56,52 -0,80% 53,06%
PSEi Philippines 2764,98 -38,41 -1,37% 47,63%
Colombo All-Shares Sri Lanka 2511,85 1,84 0,07% 67,12%
KOSPI South Korea 1534,74 10,42 0,68% 36,49%
Nikkei 225 Japan 10165,21 51,97 0,51% 14,74%
Topix Japan 936,94 6,58 0,71% 9,04%


The course is kept buying the dollar unchanged - a daily review of the cash markets
Expert: The Ukrainian stock market came to large investors
Do Chernovetsky ban casino feel uninformed decisions
China may take measures to slow growth in the market shares and to restrict lending
Analysis - Results of the day
MICEX Index (3.3%) for the date has already played half of the recent falls, rising above 1015 points
In the time remaining until the end of the session most likely consolidation of the MICEX index at current levels
Crisis strikes on Russian roads
Overview of the oil market for 29.07.09

Leave Comment

You must be logged in to post a comment.