economy Stocks & Forex Economic Data Released, Closed Diverse Asian stocks

Exchanges in Asia closed mixed on this weekend, where the Tokyo stock exchange is able to reverse direction after the previous day down more than 5 percent.

DI Hong Kong, the index closed down 0.41 percent, or 92.15 points, at 22392.16 level and the Shanghai stock exchange index fell 0.74 percent, or 17.16 points, at 2300.59 position.

Meanwhile, the Sydney market closed relatively unchanged, which in this case fell slightly by 4.1 points to 4926.6, while the Seoul stock exchange also tend to be 2001.05 flat or up slightly by 0.95 points.

In the afternoon session, Mumbai stock index fell 1.59 percent, or lower, after the Government of India released data on the country's economic growth which grew only 5 percent. While the Tokyo stock exchange climbed 1.37 percent, or 185.51 points, at 13774.54 position after the Japanese government released data on economic data just before the market opens.

Maintained OPEC Oil Production to 30 Million Barrels Per Day

Organization of Petroleum Exporting (OPEC) agreed to maintain production at 30 million barrels per day. This is expressed by Venezuelan Energy Minister Rafael Ramirez said after the meeting that was held on Friday (05/31/2013).

"All members agreed that the total oil production reached 30 million barrels per day, and we constantly monitor market conditions," he said. He added that the 12 OPEC member countries today are concerned about the European economic conditions that affect the demand for oil.

Policy to maintain production at levels in line with market expectations. "We constantly monitor the market due to the economic conditions in Europe which is being difficult. At a meeting to be held in December, we will have a lot of elements to determine the production, "said Ramirez.

He also added that OPEC members strive to maintain prices by maintaining production. However, oil production is a major contributor was Saudi Arabia.

Global economic outlook suggests that oil demand will be constrained by economic conditions that plagued China's inflation, the crisis in the European Union that never ended, and the uncertainty of economic policy in the United States.

Foreign investors in, JCI Up 61 Points

Composite Stock Price Index (CSPI) on trading up to the first session on Tuesday (28/05/2013) closed up 61.77 points (1.21 percent) to 5146.91. JCI climbed amid positive regional stock exchanges.
Throughout trading, stock index rose 67 points to 5152.49. 

 But in early trading this morning, JCI had dropped 13 points to 5072.23, then keep going up until the close of the first trading session.There are 166 stocks up, 240 stocks declined, 101 stocks unchanged and 145 shares not traded. This time the shares traded as much as 107,878 times the transaction, amounting to 3.048 billion shares valued at Rp 3.06 trillion. Recorded net foreign buying (nett buy) Rp 55 billion. 

All sectors of the stock has increased, among other property sector 1.74 per cent, 2.07 per cent of manufacturing, consumer 1.39 percent, 5.07 percent misc industry, trading 0.91 percent, 0.78 percent and mining finance 0.62 percent. 

Stocks that sustain the increase, among others ASII JCI rose 5.7 percent, up 3.5 percent GIAA, UNVR rose 3.2 percent, up 2.9 percent and the EARTH UNTR rose 2.4 percent. While stocks among other incriminating MAIN index fell 1.3 percent, down 1 percent EXCL, INCO down 1 percent, AKRA BDMN fell 1 percent and fell 0.9 percent. 

While regional markets varied but the majority of the positive, such as Japan's Nikkei index rose 1.56 percent to 14,362.7, Hong Kong's Hang Seng Index rose 0.15 percent to 22719.71, and Korea's Kospi index fell 0.27 percent to 1985.25.

Bill Gates Back So Richest People of the World

Bill Gates won the position as the world's richest people of Mexican tycoon Carlos Slim, on Thursday (05/16/2013). This was the first time since 2007, enjoying Gates the world's richest people.
Based on Bloomberg Billionaires Index, property owners Micosoft Corp. Gates is now worth 72.7 billion U.S. dollars. This value is up 16 percent year to date.
The opposite condition is experienced Slim wealth value plunged 14 percent this year after the Mexican Congress passed legislation that could destroy the dominance of the market controlled by Slim. The rules also are removing Slim net worth of 3 billion U.S. dollars.
"When they talk about reform in a country that is generally poor, the position of richest man who is at the top is not a good thing. Slim monopolize the market situation in Mexico is quite good. While Mexican consumers pay phone is more expensive than it should be. We appreciate The Mexican government efforts, "said Greg Lesko, managing director of Deltec Asset Management LLC, in New York.
Legislation recently passed by the Government of Mexico in the last month, which was also supported by President Enrique Pena Nieto, will give powers to the regulator to suppress the telephone company that has a 50 percent market share for its off or forcing them to share the network.
Record, Slim's America Movil tucked market share of 70 percent in Mexico.
On the other hand, Microsoft's stock has soared 28 percent this year, driven cost control and sales business of the company. Gates also growing up after his wealth as rising stock prices that are owned, including Canadian National Railway Co. and Republic Services Inc..
Meanwhile, in the world's third richest man is Warren Buffet, owner of Berkshire Hathaway Inc. with a net worth of 59.7 billion U.S. dollars. Buffet net worth greater than U.S. $ 3.7 billion fourth position, Amancio Ortega, who was the richest man of Europe.

Rated Stocks Attractive Construction and Property

Expenditure shares assessed interesting to do if the Hang Seng Index (HSI) closed above the gap resistance 23058-23156. And even then, only for two stock sectors: construction and properties.
At the first session of trading Thursday (05/16/2013) Composite Stock Price Index (CSPI) closed up 15.24 points (0.30%) to the position of 5105.124. Lows and highs 5086.742 5113.139.
Satrio Utomo, head of research at PT Universal Broker Indonesia said the Dow Jones Industrial Average (DJIA) continued to rise and regional sentiment is still positive. "But, JCI difficult to move up significantly because there is still a negative sentiment in the country of the rising prices of fuel oil (BBM) subsidy," he said in Jakarta, Thursday (05/16/2013).
Even so, the condition index at the first session was a lot better than yesterday. Foreign investors already in the net buy position, although the new thin. Selling pressure was much reduced. "The potential rise to 15500-15600 which is seen in the Dow Jones looks to make people still eager to positioning," he said.
Satrio estimates, the rate of JCI Thursday (5/16/2013) in the range of 5075-5115. Potential test record levels? According to him, it's possible. Therefore, strong resistance index in 5125-5150. "The important thing to remember only one: if the 5075 support broken, meaning the uptrend is over," he said.
Satrio himself admitted today still wait and see. "If for example, the Hang Seng could close above resistance 23058-23156 gap, I might want to buy new stock. But if bought, it looks like I just interested at construction stocks or property, "he said.
What about coal stocks? According to him, the stock is already up in support. But, Satri question whether the downtrend in stocks will end. "The final position of PT Indo Tambang Raya Megah (ITMG) is close to Rp30.500 support. However, the potential correction is optimal for the target ITMG Rp23.000-triangle in 25,000, "he said.
Likewise with UNTR which also roughly the same. Price is close above strong support at Rp16.600. "But, after the support of the flats range in Rp17.100 penetrated, the potential for optimal correction can be up to Rp14.000-15,000," he said.
Therefore, he continued, to coal stocks, it helps position only after seen the reversal. "If you've had time to exit the position and would like to buy to buy back is fine. But, if you want to buy new with ngandelin support, there are not a lot good first. Long positions should only be done if there are signs of reversal, "he added.

U.S. Economy Improves, JCI Variatif-Up

JCI this afternoon anchored in the positive zone, with up 15 points. Consumer sector leading gains this time.

JCI on Thursday (05/16/2013) The first session closed up 15.244 points (0.2%) to a level of 5105.124. Similarly LQ45 index of leading shares rose 2.7 points (0.3%) to a level of 859.583.

Supported trade volume transaksisebesar 2,868 billion shares, valued at Rp3, 288 trillion and 89 544 times the frequency. A total of 150 stocks up, 103 sahamturun and 112 stocks unchanged.

Consumer sector led the gains by rising 1.2%. Followed by the property sector, which rose 0.9%, miscellaneous industries, manufacturing and trade, which rose 0.6%.

Strengthening foreign buying colored index, which recorded a net purchase transactions (foreign net buy) for Rp22 billion. The details are purchase transactions amounted to Rp1, 260 billion and the sale of Rp1, 237 trillion.

Some issuers are stronger among others Multi Bintang (MLBI) rose Rp 14,500 to Rp 1.43 million, Gowa Makassar (GMTD) rose Rp 2,400 to Rp 14,500, Gudang Garam (GGRM) rose Rp 700 to Rp 54,300, and Mayora (MYOR) rose Rp 500 to Rp 34,000.

While other issuers are weakened, among others, HM Sampoerna (HMSP) rose Rp 900 to Rp 85,000, Asahimas (AMFG) fell Rp 600 to Rp 8,300, Indo Tambangraya (ITMG) fell Rp 350 to Rp 31,150, and Astra Agro (AALI) fell Rp 300 to Rp 17,000.

The regional exchanges was observed during mixed. Shanghai Composite Index advanced 21.77 points (0.98%) to 2246.57, the Hang Seng index rose 82.80 points (0.36%) to 23127.04 and the Nikkei 225 index tumbled 167.75 points (1 , 11%) to 14928.28. [ast]