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Archive for  February 2005

    • News Desk
    • Feb 28th, 2005
    • Comments Off on Saudi stocks set new high on oil, first quarter seen good

    Saudi shares climbed to a new record high on Sunday, driven by surging oil prices and expectations of strong first quarter corporate results, analysts said. The official share index closed its morning session at 8,981

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  • Japanese stocks are set to rise in this week as domestic data should bring some good news for the growth outlook and boost investor sentiment after the easing of US inflation jitters, analysts said Friday.

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    • News Desk
    • Feb 28th, 2005
    • Comments Off on Asian currencies generally stronger against dollar

    Asian currencies were generally stronger against the US dollar last week with the yen firming slightly over lingering US deficit concerns, and the South Korean Won briefly hitting an 87-month high. JAPANESE YEN: The yen

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    • News Desk
    • Feb 28th, 2005
    • Comments Off on Indonesian market to undergo further correction

    Indonesian shares are expected to undergo further correction in this week due to continued profit-taking amid uncertainty surrounding the government's plans to increase fuel prices, an analyst said on Friday. "Correction will continue until the

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    • News Desk
    • Feb 28th, 2005
    • Comments Off on Profit-taking expected to hit Thai stock market

    Profit-taking was expected to hit the Thai stock market this week as it faces negative factors both at home and abroad, analysts said. "There is a chance of profit-taking, particularly in the energy sector in

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    • News Desk
    • Feb 28th, 2005
    • Comments Off on Corporate results may push Malaysian market higher

    A series of positive corporate results indicate Malaysia's stock market could experience healthy trading with the key index moving higher this week, an analyst said. "The results will prompt investors to realign their portfolios and

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  • Taiwan share prices are expected to continue firmer this week, building on the positive tone created by President Chen Shui-bian's more conciliatory stand on relations with China, dealers said. They said increased foreign investor interest

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    • News Desk
    • Feb 28th, 2005
    • Comments Off on London stock market set for more profit taking week

    British investors would take likely profits this week as the stock market focus switched to the banking sector, analysts said. The FTSE 100 index of leading London shares closed at 5,006.8 points on Friday, down

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    • News Desk
    • Feb 28th, 2005
    • Comments Off on Singapore shares seen to move in narrow range

    Singapore share prices are expected to move in a narrow range this week, with concerns over high oil prices expected to hang over trading sentiment, traders said. Investors are also expected to seek clues from

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  • South Korean share prices are expected to make further ground in this week with sentiment boosted by hopes for a pick-up in the economy, dealers said. Higher oil prices could limit market gains but the

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