September 27, 2002 12:20:13 PM
Market Review First Session
Profit Taking Dragged Index Down -0.298 Point

JCI in the first half of this weekend is closed slightly lower –0.298 point and lift index to the level of 411.643 after 34 stocks dragged down the index further than the 30 stocks that boosted it. All in 3770 transactions worth Rp107.1B.

Telecommunication sector also closed lower, ISAT which is reported to launch VoIP decreased to Rp50 to the level of 8,600 and its rival TLKM remained stagnant at 3,350.

Stocks from cigarette sector that boost the index are also closed stagnant, HMSP at the level of 3,575 and GGRM at the level of 8,300. It seems that the financial report of HMSP in 1H02 that shows an increase in net profit up to 256% YoY couldn’t lift the market.

Different from the other blue chips, ASII keep on gaining. This time ASII climbed Rp25 to 2,725, leaving UNTR that pressed Rp5 to 330 while ASGR and AALI remained stagnant at 300 and 1,250.

Majority of global condition is closed up and able to lift the majority of regional indexes this afternoon. However, profit taking action in the market gives more pressure to the index.

Rupiah exchange rate is reported to decrease even though only at the range of Rp9,000 after increased to the level of 8,875 in the beginning of trading.

Top 5 Brokers by Value :
DBS Vickers Securities Rp26.5B, Gk Goh Indonesia Rp14B, Ing Securities Rp13.3B, Trimegah Securindo Rp6.7B, Bahana Securities Rp6.7B.

Closing Price of Selected Stocks :
IDSR 650 0 (0%), RMBA 130 0 (0%), KLBF 300 0 (0%), KAEF 190 5 (2.7%), INAF 240 0 (0%), BBCA 2,100 50 (2.44%), ASGR 300 0 (0%), MEDC 1,225 0 (0%)
(np-ns/mh-tr)