"To be successful, you've got to be willing to fail."
-Frank Tyger
Bernanke words rally world markets. The US proves it is still the king.
http://www.thejakartapost.com/detaillbus.asp?fileid=20070322194858&irec=0
In Shanghai, China shares advanced, hitting a record close for the second day in a row on strength in blue chips but the upside was trimmed by profit-taking in a few heavyweights. The benchmark Shanghai Composite Index added 0.5 percent to 3,071.23. TheShenzhen Composite Index nudged up 0.4 percent to 808.56.
BSE opens with a positive gap and climbs a smooth trail up to close at 13308.
INDICES Points +-Pt +-%
SENSEX é 13,308.03 362.15 2.80
MIDCAP é 5,395.24 54.11 1.01
SMLCAP é 6,457.56 87.92 1.38
BSE-100 é 6,686.15 169.34 2.60
BSE-200 é 1,577.48 38.06 2.47
BSE-500 é 5,014.80 111.82 2.28
Japan and HK up . Europe currently flat, some in red and others in green.
http://www.chinadaily.com.cn/china/2007-03/23/content_835267.htm
The Shanghai index closed up 0.1 percent at 3,074.28, a new closing high. The Shenzhen Composite Index finished 1.03 percent higher at 816.91 while the Shanghai and Shenzhen 300 index of major companies ended up 0.15 percent at 2715.47.
BSE flat in the red. Down to 13285
INDICES Points +-Pt +-%
SENSEX ê 13,285.93 -22.10 -0.17
MIDCAP é 5,401.33 6.09 0.11
SMLCAP ê 6,456.61 -0.95 -0.01
BSE-100 ê 6,683.80 -2.35 -0.04
BSE-200 ê 1,577.28 -0.20 -0.01
BSE-500 ê 5,014.09 -0.71 -0.01
Chinese Shares Set Record High
© 2007 The Associated Press
TOOLS
SHANGHAI, China — Chinese stocks rose to a fresh record Monday, with the benchmark Shanghai Composite Index topping 3,100 for the first time on lively demand from securities funds and strong 2006 corporate earnings results.
The Shanghai Composite Index gained 1.6 percent to 3,122.81, its fourth straight record close. The Shenzhen Composite Index rose 2 percent to 833.58, its fifth record high in a row.
"The market was boosted by new funds building portfolios," said Li Xianming, a strategist at Ping An Securities. He estimates the size of securities funds set up since year's start at about 100 billion yuan ($12.9 billion).
Among the most actively traded companies, China United Telecommunications rose 2.3 percent to 5.40 yuan, Baoshan Iron & Steel was 3.2 percent higher at 9.39 yuan and Shanghai International Port (Group) gained 4.5 percent to 8.57 yuan.
Companies that reported strong 2006 earnings also advanced.
Jiangsu Expressway, which reported Monday that its 2006 net profit rose 62 percent over a year earlier, added 2.9 percent to 7.09 yuan. Huadian Power International also gained 2.9 percent, to 5.70 yuan after reporting over the weekend that its net profit last year rose 11 percent from 2005 on strong power demand.
"I think the market's been cheered up by dazzling 2006 results posted by listed companies so far," said Zhao Jianxing, a strategist at China Merchants Securities.
In currency dealings, the Chinese yuan fell against the U.S. dollar after the American unit gained in international markets. The dollar was quoted at 7.7380 yuan Monday, up from Friday's close of 7.7273.
INDICES Points +-Pt +-%
SENSEX ê 13,124.32 -161.61 -1.22
MIDCAP ê 5,376.72 -24.61 -0.46
SMLCAP ê 6,425.74 -30.87 -0.48
BSE-100 ê 6,612.82 -70.98 -1.06
BSE-200 ê 1,561.88 -15.40 -0.98
BSE-500 ê 4,967.79 -46.30 -0.92
Europe is down, US is down, the TSX is up!
Defying the notions of many market pundits, China is holding strong
http://www.forbes.com/markets/feeds/afx/2007/03/27/afx3554091.html
SHANGHAI (XFN-ASIA) - A-shares in Shanghai and Shenzhen closed higher in heavy trade with the key index hitting a new all-time high, led by second-tier blue chips, dealers said.
The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed up 16.02 points, or 0.51 pct, at 3,138.83, a fresh all time closing high, after moving between 3,103.78 and 3,145.04.
Turnover rose to 114.05 bln yuan from 109.83 bln in the previous session.
1 usd = 7.73 yuan)
Just for your info, 114.05 bln yuan =approx 14.75 bln USD turnover, more than the TSX at around CAD6.5 bln .
BSE results- down 161 pts at 13124.
INDICES Points +-Pt +-%
SENSEX ê 13,124.32 -161.61 -1.22
MIDCAP ê 5,376.72 -24.61 -0.46
SMLCAP ê 6,425.74 -30.87 -0.48
BSE-100 ê 6,612.82 -70.98 -1.06
BSE-200 ê 1,561.88 -15.40 -0.98
BSE-500 ê 4,967.79 -46.30 -0.92
Europe mixed. NA yet to open
China climbs even more!
http://www.chinadaily.com.cn/china/2007-03/28/content_838647.htm
China's main stock index took a rollercoaster ride Wednesday before closing at a record high on the strength of financial shares.
The benchmark Shanghai Composite Index ended up 1.09 percent to 3,173.02, an all-time closing high. It has hit new highs for six consecutive sessions, extending this year's gains to 18.60 percent.
The index soared to a record high of 3, 179.40 within one hour of trading before making a nosedive to 3,052.07. But it gradually recovered the loss, driven by financial shares.
BSE loses more ground- down to 12,884
INDICES Points +-Pt +-%
SENSEX ê 12,884.34 -239.98 -1.83
MIDCAP ê 5,296.58 -80.14 -1.49
SMLCAP ê 6,312.45 -113.29 -1.76
BSE-100 ê 6,494.72 -118.10 -1.79
BSE-200 ê 1,534.63 -27.25 -1.74
BSE-500 ê 4,882.38 -85.41 -1.72
Europe's main indices trading in the red.
Dow Futures down.
Heavy possible Beazer Home fraud in the US
Oil up, Gold up.
Shanghai Composite Rises Again Thursday
CSRC, China Securities Regulatory Commission, finance, macro
Posted by: Zhengqian Zhou on Mar 29, 2007 | 19:03
Editorial Summary
Shanghai's Composite Index rose 0.77 percent to close 3197.54 on Thursday, March 29. It wasn't all beer and skittles for China stocks Thursday, the Shenzhen Composite Index fell 1.8 percent to close at 820.72. China's Securities Regulatory Commission (CSRC) is preparing to release a new regulation concerning directors, supervisors and senior executives of listed companies selling stakes in listed companies. The combined market value of Shanghai Stock Exchange and Shenzhen Stock Exchange listed companies topped 12.8 trillion Yuan based on Wednesday's closing price.
http://www.pacificepoch.com/newsstories/93524_0_5_0_M/
Bombay also up at 12979
INDICES Points +-Pt +-%
SENSEX é 12,979.66 95.32 0.74
MIDCAP é 5,319.17 22.59 0.43
SMLCAP é 6,377.79 65.34 1.04
BSE-100 é 6,534.58 39.86 0.61
BSE-200 é 1,543.46 8.83 0.58
BSE-500 é 4,911.90 29.52 0.60
Europe up. Dow Futures up.
The Shanghai Ctock Exchange goes down to 3183.98
SSE Composite Index (Shanghai:000001.SS) Delayed quote data
Index Value: 3,183.98
Trade Time: 3:00AM ET
Change: 13.55 (0.42%)
Prev Close: 3,197.537
Open: 3,178.496
Day's Range: 3157.03 - 3212.39
52wk Range: 1,285.73 - 3,273.73
Bombay up to 13072. India raised key lending rates by 25 basis points to 7.75%
SENSEX é 13,072.10 92.44 0.71
MIDCAP é 5,384.12 64.95 1.22
SMLCAP é 6,470.51 92.72 1.45
BSE-100 é 6,587.21 52.63 0.81
BSE-200 é 1,556.72 13.26 0.86
BSE-500 é 4,955.39 43.49 0.89
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