A number of stocks in the index traded at 14.6 times estimated earnings, compared with about 10 times in early 2009, said data collected by Bloomberg.

K-REIT Asia (KREIT SP) which is part owned by Keppel Land Ltd. (KPLD SP) climbed 1.9% to S $ 1.08. The company says it has agreed to buy 50% stake in an office building in Brisbane, Australia, worth S $ 208.6 million (U.S. $ 148.1 million).

Singapore Airlines Ltd (SIA SP), the second largest airline in terms of market value, stumbled 0.7% to S $ 13.72. Global airline industry will need at least 3 years to rise from the slump caused by aviation sector’s worst recession in six decades, said Giovanni Bisignani, chief executive of the International Air Transport Association.

Singapore Post Ltd (SPOST SP) climbed 1% to S $ 1.02. The company said third quarter profits rose 20.6% compared to a year earlier to S $ 44.1 million.

Singapore Technologies Engineering Ltd. (STE SP), the largest aircraft maintenance companies in Asia, rose 0.3% to S $ 3.10. The company says it has won a contract worth S $ 58.8 million for ammunition demilitarization in Africa.

The shares to be precisely characterized activator index shares the second tier. PT Indo Tambangraya Megah Tbk (ITMG), for example, which rose 0.51 percent to Rp 31,750 per share. Meanwhile, banking shares of PT Bank Negara Indonesia Tbk (BBNI) rose 0.195 percent to as low as USD 1940 per share. There is also a stake in PT Bumi Serpong Damai Tbk (BSDE) was only 0.141 percent up to Rp 850 per share.

In Asian markets, the main stock index number is also seen red as investors reacted negatively to the company’s shares an attractive automotive (recall) products, such as Honda Motor Co. Ltd. Nikkei 225 index shed 0.39 percent to 10.158.75 level. Shanghai index down 1.46 percent at the level of 2945.70 to the Hang Seng index followed a stepped down 0.85 percent to 19,950.99 level. Straits Times Index fell 0.62 percent to 2727.65 and the level Kospi index fell 0.30 percent to 1597.69 level.

JCI closed down 0.33 percent or 8.769 points at 2610.796. Mining and plantation sectors to be weighted index d negative path.

A total of 125 stocks fell today dominate the trade, compared to 40 stocks rose. The transaction value reached USD 3.239 trillion from Rp 71,207 times the volume of transactions with 3.447 billion shares.

While Kompas100 index weakened 0.37 percent to 628.293, and then corrected LQ45 index 0.42 percent to 510.447 position, and the Jakarta Islamic Index fell 0.76 percent to 427.680.

Relatively peaceful demonstration criticizing the Government 100 days Susilo Bambang Yudhoyono joined to give investors confidence to buy stocks. Besides the positive sentiment also came from Asia who are competing exchange earned points.

JCI close higher, or 2.15 percent at 2619.565 points 55.011. Miscellaneous industry sectors, manufacturing, basic industry and mining became the main pillar of the index rate today.

A total of 146 stocks rose compared to dominate trade in 39 stocks and 55 stocks fell stagnant. The transaction value reached USD 3.756 trillion of transactions with 88,183 times the volume of 4.697 billion shares.

With that result, other key indicators BEI also drove the positive path, as Kompas100 index also rose 2.32 percent, then LQ45 index rose 2.40 percent, and the Jakarta Islamic Index increased 2.31 percent.

Meanwhile in Asian stock markets Hangseng index rose 1.61 percent of Hong Kong, Japan Nikkei225 index rose 1.58 percent, and South Korean Kospi index added 1.04 percent

The market also responded warmly to the economic comment in his official speech of U.S. President Barack Obama, where he stressed to put more effort to create jobs and also ordered to reduce spending.

Dow Jones Industrial Average slumped 115.70 points (1.13 percent) to 10,120.46. The Nasdaq composite index slumped 42.41 points (1.91 percent) to 2179.00, while the index of the Standard & Poor’s 500 slid 12.97 points (1.18 percent) to 1084.53.

“The market seemed to react by an S & P statement that British banks are no longer among the best banking systems ‘low risk’,” said a senior adviser to the equity markets Advisors Wells Fargo, Scott Marcouiller.

“We no longer classify the British Empire in the global banking system the most stable and low-risk,” S & P call in a report.

While warning of profit by the technology group Qualcomm pulled down. “Depressed technology sector at all levels of the market and weakness-sector weighed heavily on other key sectors so that they all recorded losses,” analysts at Briefing.com said in a client note.

Market participants respond to a variety of state Obama’s speech, where he focused on the restoration of sustained growth.

Brian Bethune, economist at IHS Global Insight, said Obama “has quickly rearrange priorities to focus on economic and fiscal discipline”.

“This is an important and skilled actions by the President to get back support from voters,” he added. “Restoring economic growth support is necessary precondition for involving the public in some of the deeper, more annoying problem.”

However, David Rosenberg of Gluskin Sheff & Associates commented, “It’s interesting to talk about fiscal honesty and then offer more government stimulus …. Maybe it will affect psychologically and perhaps respond to polls show that most of the fiscal lose public appeal. ”

While the U.S. Labor Department reported that weekly initial claims of unemployment insurance in the week ended January 23 fell to 470,000 from 478,000 the previous week. That’s slightly worse than economists estimated around 450,000.

U.S. Commerce Department said orders for big ticket manufactured goods rose in December, the U.S. 0.3 percent, far below the 2.0 percent economists predicted.

When trading closed, the U.S. Federal Reserve chief Ben Bernanke easily won endorsement for a term of four years, although both had an attack of his role before the 2008 financial crisis.

“It’s clear some uncertainty about the path of monetary policy and limit the damage to the credibility of central banks,” said Ryan Sweet at Moody’s Economy.com.

Qualcomm fell 14.24 percent to 40.48 dollars after the chip maker lowered sales estimates for 2010.