Asian Markets End Higher on Optimism about Banking Sector Stability

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The major markets across the Asia-Pacific region ended in the green on Tuesday, buoyed by the cues from Wall Street, where the markets witnessed the biggest one-day rally since October 2008 after the Obama Administration unveiled plans to help banks sell toxic assets and pave way for a revival in credit flow, which is critical for reviving the economy. Positive economic data on existing home sales also lifted market sentiment.

Market analysts are speculating that the extension of the relief rally might signal that the bottom has already been reached and the markets may find stability in the short-term, on optimism that the plans will really work and the global economic recovery might take place sooner than expected, with the banking sector likely to lead the recovery.


Crude oil was modestly down at $53.54 a barrel in Asian trading having ended Monday's session higher by $1.73 at $53.80 a barrel on New York Mercantile Exchange after hitting an intra-day low of $51.62 and a high of $54.05.

In Tokyo, the benchmark Nikkei 225 Index ended 273 points or 3.32% higher at 8,488. The broader Topix Index of all First Section issues gained 2.7% or 21.16 points to 813.

On the economic front on Tuesday, minutes from the Bank of Japan's monetary policy meeting held on February 18 and 19 revealed that board members suggested that the Japanese economy may begin to recover from the current recession in the second half of this year at the earliest. At the meeting, the board voted unanimously to keep the overnight call rate unchanged at 0.10%. The board also decided to expand special funds-supplying operations in order to facilitate a fall in longer-term interest rates that are actually applicable to fund-raising by firms and relieve them from funding concerns.

Among banking stocks, Mitsubishi UFJ, Japan's biggest bank, gained 4.49%, Sumitomo Mitsui rose 3.16% and Mizuho Financial advanced 5.00%. Exporters also gained on the back of a weaker yen. Canon advanced 4.35%, Sharp gained 3.08% and Sony rose 5.72%. Automaker Toyota added 3.61% and Honda moved up 2.42%.

Oil-related stocks also advanced. Inpex edged up 0.14%, Nippon Oil gained 3.35% and Showa Shell added 1.10%. Among trading houses, Mitsubishi Corp. gained 4.23%, Itochu moved up 3.99% and Sumitomo Corp. rose 1.89%.

In Australia, the benchmark S&P/ASX 200 index, having opened strongly and gained as much as 2.6% in early trading, pared back much of its gains over the course of the session before ending higher by 29.7 points, or 0.84%, to 3,580, and the broader All Ordinaries Index, following a similar trend, closed the session up 34.20 points, or 0.98%, at 3,517.

Mining stocks advanced on higher commodity prices. BHP Billiton, the largest mining company in the world, gained 1.77% and Rio Tinto, the third largest miner in the world, advanced 4.73%. However, Oz Minerals shed 11.02% after the government extended its review into a A$1.8 billion rescue bid by Chinese state-owned Minmetals.

Among energy stocks, Woodside gained 4.50%, Oil Search advanced 5.43% and Santos rose 1.67%.

Financial stocks ended mixed as investors resorted to profit taking at higher levels. ANZ Banking Group added 1.31%, National Australia Bank moved up 0.35% and Westpac Banking gained 0.84%. Investment bank Macquarie Group surged 5.38%. On the other hand, Commonwealth Bank of Australia ended lower by 1.65%.

Retail stocks also ended mixed. David Jones advanced 1.38%, and Coles' owner Wesfarmers gained 0.97%, while Woolworths fell 1.12%.

Gold miners ended weak after gold closed marginally lower for a second straight session on Monday. Lihir Gold lost 3.53% and Newcrest Mining shed 1.96%. However, Sino Gold bucked the trend and edged up 0.18%.

In Hong Kong, the benchmark Hang Seng Index gained 462.92 points, or 3.44% to close at 13,910, led by financial stocks, telecom and china-related shares.

Among financials, HSBC Holdings surged up 9.83%, Hang Seng Bank gained 4.94%, BOC Hong Kong advanced 6.57%, Bank of East Asia rose 6.97%, and Bank of Communications added 4.04%. Insurance stocks also gained. Ping An Insurance rose 4.44% and China Life moved up 0.58% from previous close.

Telecom stocks ended higher; Hutchison Whimpoa advanced 5.62%, China Mobile gained 1.59%, and Tencent Holdings gained 5.12%.

China-related stocks ended mixed. China Mercantile Holdings surged 11.18% and China Resources gained 0.49%. However, China Overseas lost 2.65%.

Among other major stocks, Foxconn International Holdings gained 7.91%, while retailer Espirit Holdings lost 4.71%

Resource stocks showed mixed sentiment. While Aluminum Company of China, or Chalco, decrealsed 1.17%. CNOOC and Petrochina gained 4.35% and 0.93% respectively.

The benchmark KOSPI Index in South Korea gained 22.20 points, or 1.85% and closed at 1,222.

In an effort to revive the economy by boosting demand, the South Korean government approved an extra budget of 28.9 trillion Won, equivalent to $20.7 billion, earlier in the day.

Further, in a meeting with the local business leaders and economic analysts, the Minister for Knowledge Economy stated that, based on the preliminary report from the Korea Customs Service, trade surplus for March is likely to reach $4.5 billion, due to a much sharper decline in imports than in exports during the first 20 days of the month. The data accentuates the weakness in the domestic economy.

Among the financials, Woori Finance gained 2.41%, Shinhan Financial Group advanced 3.61% and KB Financial Group, the holding firm of Kookmin bank, moved up 4.63%.

Market heavyweight Samsung Electronics rose 1.82%. Among technology stocks, Hynix Semiconductor added 0.97%. LG Electronics gained 3.60%, and LG Display moved up 2.04%.

Shipbuilders also ended higher. Hyundai Heavy Industries advanced 1.23%, Samsung Heavy Industries gained 1.90%, and Daewoo Ship building rose 2.97%.

Oil-related stocks advanced on higher crude oil prices. SK Holdings gained 4.33%, and S-Oil rose 1.37%.

Among the other major markets, China's Shanghai Composite Index rose 12.94 points or 0.50% to 2,338, Indonesia's Jakarta Composite Index closed at 1,436, up 29.47 points, or 2.02%, Singapore's Strait Times Index gained 2.54%, or 42.26 points, to 1,706, and Taiwan's Weighted Index added 118.30 points, or 2.30%, to 5,242.

Market Summary

Market Summary up to half a day (Monday, March 23, 2009)



Wow ... up to half a day ... all the major index postif teritory including Jakarta Composite (JKSE).... Hopefully Jakarta Composite (JKSE) still survive and even more increased again until closing session.


We are waiting for ...



http://apikorek09.blogspot.com

Stock Analysis

The major market of Asia-Pacific region end mixed on Friday, except Japan, which is closed for a holiday.

In Hong Kong, Hang Seng Index ended down by 297 points, or 2.26%, at 12,833. The index, which opened higher at 13,157, declined further in early trading. After the first hour of trading, the selling pressure waned, resulting in sideways movement until late trading, when intensification of the selling pressure sent the index sharply lower. At the close of trading, the index was down 297.41 or 2.26% at 12,834.


In South Korea, KOSPI Index, having opened 3 points higher from previous close of 1,161, traded in positive territory throughout the day in a narrow range of 1,163 to 1,180 amid alternate bouts of buying and selling, and finally ended up 9 points, or 0.74% at 1,172.

Among the other major markets, China's Shanghai Composite Index ended higher by 15 points, or 0.68% at 2,281, Indonesia's Jakarta Composite Index advanced by 19 points, or 1.44% at 1,361, and Singapore's Strait Times Index gained 12 points, or 0.76% to 1,597. Taiwan's Weighted Index lost 74 points, or 1.48%, to close at 4,962.



My trading on last week (March 16-20, 2009):
--------------------------------------------
JPRS : HOLD
SMMA : HOLD
LTLS : HOLD

MIRA :
Chart Pattern: Dragonfly Doji
Previous Trend: Up Trend
Trading: wait for close price lower then 660 for confirmation sell

My watchlist on this week:
--------------------------
UNVR
Chart pattern = White Marubozu
Previous Trend = Side Ways
Recomendation = Wait for close price greater then 8150 for confirmation buy.

TLKM
Chart Pattern: White Marubozu
Previous Trend: Side Ways
Recomendation: Wait for close price greater then 7100 for confirmation buy

Analisa Saham SMMA

Perhatikan pergerakan saham SMMA. Sejak 18/03 Saham SMMA ini telah membentuk four price doji. Trendnya masih Up Trend.

Tunggu harga close di bawah 450 untuk konfirmasi Sell.



Resistance dan supportnya:
R3 = 580
R2 = 551.67
R1 = 523.34
Pivot = 481.67
S1 = 453.34
S2 = 411.67
S3 = 383.34

Projected High Range = 502.5 to 537.5
Proyeksi Range Low = 482.5 to 447.5

Fib projected High = 529.04 dan
Fib Projected Low = 420.96


Watchlist: Saham LTLS, SMRA, KAEF, ETWA, SPMA

(Lagi) Analisa saham JPRS

Belajar Analisa Saham kali ini masih akan menganalisa saham JPRS.

Hari ini (19/03) harga close saham JPRS berada di level 375, naik 35 poin (+10.29%) dari harga penutupan di hari sebelumnya.
Meski trendnya masih Up Trend, namun hari ini saham JPRS telah membentuk Long Legged Doji dan RSI = 99.01 (overbought). Jangan lupa juga hari ini terjadi GAP UP.
Tunggu harga penutupan saham JPRS dibawah harga 370 untuk konfirmasi sell.



Resistance dan supportnya untuk besok adalah:
R3 = 485
R2 = 448.33
R1 = 411.66
Pivot = 383.33
S1 = 346.66
S2 = 318.33
S3 = 281.66

Proyeksi Range High = 397.5 to 430
Proyeksi Range Low = 410 to 377.5

Sementara Fib projected High = 437.68 dan Fib Projected Low = 337.32

Analisa Saham JPRS dan Saham MIRA

Perhatikan saham JPRS.



Hari ini 18 Maret saham JPRS telah membentuk candlestick white Marubozu, dimana trend hariannya adalah Up Trend sejak 11 Maret kemarin.
Ini dikonfirmasi juga oleh indikator RSI(5) = 94.14 (overbought), SAR Buy serta MACD diatas signal.


Perhatikan juga pergerakan saham MIRA.
Sejak 11 Maret harga Saham MIRA membentuk candlestick white Marubozu dengan trend hariannya hingga hari ini (18 Maret) adalah UP Trend.
Indikator pendukungnya adalah RSI(5) = 87.50 (overbought), MACD diatas Signal serta SAR Buy.





Jika sudah mengambil posisi buy sejak tanggal-tanggal tsb diatas untuk MIRA maupun JPRS, sebaiknya besok direalisasikan (dijual) dahulu mengingat besok adalah adalah Kamis dimana biasanya para trader akan mengambil posisi take profit.

Info Pagi (02-Maret-2009)

Pada 25-Peb, IHSG membentuk Long Legged Doji.
Trend minggu ini IHSG dan DJI diprediksi masih dalam DOWN TREND,
ini didukung oleh indikator seperti MACD dibawah Signal, SAR Sell, EMA(5) dibawah EMA(20) dan EMA(60).



Mingu ini:

• Saham-saham yg melanjutkan DOWN TREND nya --> INDF, BISI,BNGA,BBCA, BBNI, BBRI, PGAS, ISAT, SMGR, ADRO,

• Saham-saham yg mulai DOWN TREND --> BMRI, JSMR

• Saham-saham yang masih akan melanjutkan UP TREND --> LPKR, MEDC

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