Asia: rising commodity prices benefit the major indices
Jun 30th, 2009 | By admin | Category: Reviews and ideasTuesday, June 30, many stock markets in the region have shown positive dynamics. Investors are waiting for revenue growth Commodities Suppliers and manufacturers of electronics in connection with the restoration of the global economy, have resumed buying shares in companies related industries. From internal statistics should be noted, unemployment in Japan, which rose in May from 5.0% to 5.2% as analysts predicted.
According to some economists, the prospects for countries with developing economies are more optimistic than the developed regions. Against this background, they recommend investing in commodities and tourism industry.
As a result of bidding regional index MSCI Asia Pacific has strengthened its position at 1.4%. Japanese Nikkei 225 advanced at 1.79%, while Australia SP /ASX 200 closed at 1,75% above the previous value. The leader of the fall was Vietnamese Ho Chi Minh, lost in the auction 2,63%.
Shares third largest in the world of mining companies Rio Tinto Group went up by 3.8% against the backdrop of rising prices for copper at 1%. Baltic Dry Index, which characterizes the transport costs of raw materials, for the first time in the last 7 days, demonstrated a positive trend, strong at 0.8%. Papers the world's largest mining company BHP Billiton to bid in Sydney, recovered to 2.4%. Quotations Japanese Mitsui, receiving half the proceeds from the sale of Commodities, rose to 2,2%.
The growth of prices for black gold at the New York Stock Exchange Mercantile Exchange, caused by the attack in Nigeria, has led to an increase in market capitalization of oil exporters. For example, shares in Japan's largest exporter of black gold Inpex strengthened by 5%. Quotations China Petroleum, also called Sinopec, climbed to 4.7% in the tender in Hong Kong.
Shares second largest supermarket chain in Australia, David Jones soared 10% after the company reported increasing the expected profit for the first half, with the end of July 25, at 20-30% compared with the previous forecast of a slight increase of the indicator. Quotations in Australia's largest electronics retailer Harvey Norman Holdings jumped by 9%. Credit Suisse Group raised the rating of securities of both companies, citing an expected recovery of the Australian retailers.
Shares NEC Electronics, the fourth largest in the Japanese manufacturer of memory cards, went up by 4.2% against the backdrop of statements by the President of the company that the worst is behind us and that is likely to increase orders in the current quarter will be 150% as the company began to build industrial stocks. Paper manufacturer of cameras Nikon added 6.4%, and quotes Fujifilm Holdings, the second largest worldwide producer of photographic film, rose by 6.8% after Mizuho Securities raised the rating of securities companies to buy.
Quotations second largest in New Zealand retailer whose shares are traded on the Stock Exchange, Pumpkin Patch jumped 10%. The company announced that it would close 20 of 35 stores in the United States in order to reduce costs.
Japanese Paper Aiful, dealing with consumer credit, soared by 20% after Goldman Sachs Group raised its rating to neutral to buy.
The values of major indices at the closing are shown in the table:
| Index | Country | Closing (items) | Change day (items) | Changing the day (%) | Value at beginning of year (the last closing in 2008) | Change from the beginning of the year |
|---|---|---|---|---|---|---|
| SP /ASX 200 | Australia | 3,954.90 | 68.00 | 1.75% | 3722.30 | 6.25% |
| All Ordinaries | Australia | 3,947.80 | 65.10 | 1.68% | 3659.30 | 7.88% |
| Ho Chi Minh | Vietnam | 448.29 | -12.13 | -2.63 % | 315.62 | 42.03% |
| Hang Seng | Hong Kong | 18,378.73 | -149.78 | -0.81% | 14387.48 | 27.74% |
| Hang Seng H-shares | Hong Kong | 10,962.61 | -24.96 | -0.23% | 7891.80 | 38.91% |
| BSE 30 (Sensex) | India | 14,539.61 | -246.13 | -1.66% | 9647.31 | 50.71% |
| Jakarta Composite | Indonesia | 2,026.78 | -6.94 | -0.34% | 1355.41 | 49.53% |
| Shanghai A-shares | China | 3,106.59 | -16.88 | -0.54% | 1911.79 | 62.50 % |
| CSI 300 | China | 3,166.47 | -13.50 | -0.42% | 1817.72 | 74.20% |
| KLSE Composite | Malaysia | 1,075.24 | -0.60 | -0.06% | 876.75 | 22.64% |
| NZSE 50 | New Zealand | 2,796.11 | 20.99 | 0.76% | 2715.71 | 2.96% |
| Karachi 100 | Pakistan | 7,162.18 | -43.99 | -0.61% | 5865.01 | 22.12% |
| Straits Times | Singapore | 2,333.14 | 15.97 | 0.69% | 1761.56 | 32.45% |
| Bangkok SET | Thailand | 430.35 | -3.63 | -0.84% | 449.96 | -4.36% |
| TAIEX | Taiwan | 6,432.16 | 41.01 | 0.64% | 4591.22 | 40.10% |
| PSEi | Philippines | 2,437.99 | -- 30.06 | -1.22% | 1872.85 | 30.18% |
| Colombo All-Shares | Sri Lanka | 2,432.15 | -7.72 | -0.32% | 1503.02 | 61.82% |
| KOSPI | South Korea | 1,390.07 | 1.62 | 0.12% | 1124.47 | 23.62% |
| Nikkei 225 | Japan | 9,958.44 | 174.97 | 1.79% | 8859.56 | 12.40% |
| Topix | Japan | 929.76 | 14.44 | 1.58% | 859.24 | 8.21% |
The course has increased the dollar - a daily review of the cash markets
After June 30, in Ukraine prohibited the implementation of mobile phones without being registered in the database UGTSR
Export Credit Agency 7-country support of the Bank Nadra restructuring its external debt
Ukrainian Association of Bakers argues that there is no reason for the sharp increase in the price of bread
Agrarian Fund recommends farmers to participate in mortgage purchases of grain, instead of attracting bank loans
Analysis - Results of the day
Positive data from the SP /Case-Shiller raise banks' quotes
The interest of investors in securities of Russian companies is restored thanks to the continued favorable conditions in commodity markets
It now looks the other campaign Lukoil, Tatneft, Severstal and prefy Transneft
