JAKARTA. Action international rating agency, Standard & Poor's (S & P), cut the debt ratings of Greece and Portugal make markets Government Securities (SUN) was shaken. Yesterday (28 / 4), profit-taking investors (profit taking) so the price of reference corrected SUN.
The analysts expected, partly because foreign funds pull back to invest in foreign debt the U.S. government aka the U.S. treasury. The proof, yesterday, the yield (earnings yield) debt securities of the 10-year U.S. dropped to 3.69% compared to the previous day at 3.81%. While U.S. bond yields on five-year tenor is also down from 2.56% to 2.42%.
Bond analysts said Trimegah Ariawan, U.S. bond prices rose as demand increases. Understandably, investors assume U.S. treasury is a safer investment instruments than bonds of other countries.
Based on data Traders Association SUN (Himdasun), the reference price series SUN FR 0027 tenor of five years slipped 0.27% to 105.80 from 106.09 in two days ago (27 / 1). SUN price series of the 10-year benchmark, namely FR 0031 also fell 0.3% to 116.61 compared with 116.96 the previous day. So did the price of the 0052 FR 20-year tenor, down 0.29% from 106.29 to 105.98.
SUN Price premium
Kim Eng Securities analyst Bonds Dian Abdul Hakim said, investors should be wary of the strengthening U.S. treasury prices. Therefore, these conditions usually lead to profit-taking in our bond market.
"Stability of the rupiah in the range of Rp 9000 - Rp 9020 per U.S. dollar also become an attraction for players to jump into the forex market," he said. As a result, trading stocks and bonds, for the time being abandoned by investors.
Even so, the flow of foreign funds coming into the SUN is still quite heavy. Data from Directorate General of Debt Management (DJPU) shows, as at 27 April 2010, foreign ownership in the SUN reach Rp 146.87 trillion. Number had risen to Rp 14.41 trillion compared to the end of last March, which amounted to Rp 132.46 trillion.
According to Nasution Farid Azhar, Bahana Securities, Fixed Income Sales, cutting the debt ratings of Greece and Portugal, it opened opportunities for foreign investors to park their funds in emerging markets. "So far, the benchmark Asia is Thailand. However, unstable political situations create an opportunity fund to Indonesia to run pretty fast," he explained. Although, the number of credit default swap (CDS) of Indonesia on Tuesday (27/4) and also rose to 171.13 from 155.35 the previous day.
Farid suspect, foreign funds flowing into Indonesia is still going through the first semester of 2010. The reason is, market hopes of Indonesia's debt ratings will improve. Dian added, bought at the market action will continue in the SUN SUN tenor of its length and short tenures. However, local investors should start off slowly SUN, because the price is already more expensive.
Wednesday, April 28, 2010
Tuesday, April 27, 2010
Fed Rate Securities Exchange Holding Asia
JAKARTA. Most investors in Asian stock markets perform profit-taking or profit taking, yesterday (27 / 4). As a result, almost all index stocks in the region slumped. The increase in the Nikkei 225 index experienced only by 0.42% to 11212.66.
Meanwhile, the Shanghai index suffered the biggest decline, falling by 2.07% to the 2907.93. Followed by the Hang Seng index fell 1.51% to 21261.79.
Asia Kapitalindo Futures analyst, Adi Kiswoyo Joe, said the current market participants anticipate the rise in interest rates in the United States (U.S.).
The indications, the U.S. Treasury Department began selling its shares of Citigroup. "Sales of these shares is the last step before the Fed raised interest rates," said Kiswoyo. He predicted, the Fed will be raising its benchmark interest rate in the second quarter of this year. As a result, markets in Asia will be corrected.
Despite the current drop, the average stock market in the Asian region is still growing since late last year. The highest growth was carved Composite Stock Price Index (CSPI) Indonesian Stock Exchange, which is 15.98%.
The stock indices in China, Hong Kong, and Taiwan is still red today. Shanghai and Hang Seng Index each minus 11.27% and 2.79% from the position late last year. Kiswoyo said China's stock market continue to sag because there is the threat of a bubble (bubble) property.
Foreign leave Malaysia
While the Malaysian stock market, foreign investors registered net turnover (net sell) in four consecutive months at the end of March 2010. CIMB Investment Bank Bhd research, as quoted by Bloomberg, yesterday, said, foreign investors continue to sell their shares even though the government has already loosened the rules of investment.
CIMB noted that foreigners made net sell shares worth U.S. $ 64 million in March 2010. Three months earlier, began in December 2009 until February 2010, had net foreign sell up to U.S. $ 180.5 million.
CIMB Investment Bank Analyst, Terence Wong, said the share sale was actually quite surprising, "Because of emerging markets in Asia have been enjoying the flow of funds to reach U.S. $ 2.5 billion in March," he said.
Over the past year, foreign investors in Malaysia recorded a net sell reach RM 8.57 billion or U.S. $ 2.6 billion. Net sales figure is shrinking as compared to 2008 which reached RM 38.6 billion. Yesterday, the FTSE index fell to position Malaysia 1339.72. But, since the beginning of this year is still up 5.26%.
Besides Malaysia, foreign funds also will leave the stock exchange of Sri Lanka. Whereas in other Asian countries, foreign investors still remain signed in March 2010.
Meanwhile, the Shanghai index suffered the biggest decline, falling by 2.07% to the 2907.93. Followed by the Hang Seng index fell 1.51% to 21261.79.
Asia Kapitalindo Futures analyst, Adi Kiswoyo Joe, said the current market participants anticipate the rise in interest rates in the United States (U.S.).
The indications, the U.S. Treasury Department began selling its shares of Citigroup. "Sales of these shares is the last step before the Fed raised interest rates," said Kiswoyo. He predicted, the Fed will be raising its benchmark interest rate in the second quarter of this year. As a result, markets in Asia will be corrected.
Despite the current drop, the average stock market in the Asian region is still growing since late last year. The highest growth was carved Composite Stock Price Index (CSPI) Indonesian Stock Exchange, which is 15.98%.
The stock indices in China, Hong Kong, and Taiwan is still red today. Shanghai and Hang Seng Index each minus 11.27% and 2.79% from the position late last year. Kiswoyo said China's stock market continue to sag because there is the threat of a bubble (bubble) property.
Foreign leave Malaysia
While the Malaysian stock market, foreign investors registered net turnover (net sell) in four consecutive months at the end of March 2010. CIMB Investment Bank Bhd research, as quoted by Bloomberg, yesterday, said, foreign investors continue to sell their shares even though the government has already loosened the rules of investment.
CIMB noted that foreigners made net sell shares worth U.S. $ 64 million in March 2010. Three months earlier, began in December 2009 until February 2010, had net foreign sell up to U.S. $ 180.5 million.
CIMB Investment Bank Analyst, Terence Wong, said the share sale was actually quite surprising, "Because of emerging markets in Asia have been enjoying the flow of funds to reach U.S. $ 2.5 billion in March," he said.
Over the past year, foreign investors in Malaysia recorded a net sell reach RM 8.57 billion or U.S. $ 2.6 billion. Net sales figure is shrinking as compared to 2008 which reached RM 38.6 billion. Yesterday, the FTSE index fell to position Malaysia 1339.72. But, since the beginning of this year is still up 5.26%.
Besides Malaysia, foreign funds also will leave the stock exchange of Sri Lanka. Whereas in other Asian countries, foreign investors still remain signed in March 2010.
Monday, April 26, 2010
Indonesia Southeast Asian Market Potential
JAKARTA. The mobile service providers looking at technology of Indonesia as the most potential market in Southeast Asia. In addition to its large population, the use of cell phones is also increasing.
"Indonesia is not only as a market that has a large quantity but also very selective and smart in selecting a service appropriate to their needs," said Steven Goh, CEO and founder of mig33 recently.
As the massive social entertainment service, mig33 brings new services and attractive to users. The new service is launched is an avatar that can be created in accordance with user creation. In addition to avatars, mig33 also has a social games that can be played by fellow members of the community, private groups, and virtual gifts. In a period of several months, the average revenue per user mig33 paid (ARPU) increased by more than $ 1 per month in countries like Indonesia.
Mig33 users who come from more than 200 countries interact in the community chat, exchanging photos, virtual gifts, play games together, send each other messages, join the existing groups, create avatars, and much more.
Mig33 service is available worldwide and can be accessed by more than 2000 mobile phone. mig33 was founded in 2005 and headquartered in Silicon Valley.
"Indonesia is not only as a market that has a large quantity but also very selective and smart in selecting a service appropriate to their needs," said Steven Goh, CEO and founder of mig33 recently.
As the massive social entertainment service, mig33 brings new services and attractive to users. The new service is launched is an avatar that can be created in accordance with user creation. In addition to avatars, mig33 also has a social games that can be played by fellow members of the community, private groups, and virtual gifts. In a period of several months, the average revenue per user mig33 paid (ARPU) increased by more than $ 1 per month in countries like Indonesia.
Mig33 users who come from more than 200 countries interact in the community chat, exchanging photos, virtual gifts, play games together, send each other messages, join the existing groups, create avatars, and much more.
Mig33 service is available worldwide and can be accessed by more than 2000 mobile phone. mig33 was founded in 2005 and headquartered in Silicon Valley.
Subscribe to:
Posts (Atom)