JCI Still Red, Still Still 2600

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- A majority stake in the Indonesia Stock Exchange Friday (29/1/2010) fell in the red zone. Nevertheless, Composite Stock Price Index managed to go back to 2600 levels, after the first session had fallen below the psychological 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.

Three U.S. Financial Giant Bonus trimming

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financial firms on Wall Street giant finally Comply with government pressure to cut bonuses of their top brass-brass-IV quarter 2009.

From documents obtained by Bloomberg, Monday (25/1/2010) local time, Goldman Sachs Group Inc., JPMorgan Chase & Co.. and Morgan Stanley “only” give bonuses to their executives for U.S. $ 39.93 billion.

This figure is lower than the total bonus in the quarter-IV in 2007, which became a record, which is 44.7 billion U.S. dollars. This figure is also lower than estimates of five analysts surveyed by Bloomberg yesterday, which predict the number 46.1 billion U.S. dollars. In fact, a lower figure of about 10 billion U.S. dollars of analyst predictions in October 2009.

Only, the total annual bonus firms on Wall Street remained higher than in 2008. To quote the Wall Street Journal, the total bonus of 38 companies digelontorkan on Wall Street in 2009 reached 145 billion U.S. dollars. This figure is 18 percent higher than the total bonus for 2008 of 123.4 billion U.S. dollars and 6 percent higher than the 2007 bonus year for 137 billion U.S. dollars.

JP Morgan himself will give a bonus for the year 2009 of 9:33 billion U.S. dollars, up 18 percent from a year ago. Meanwhile, Goldman Sachs will provide a bonus of U.S. $ 16.2 billion and Morgan Stanley shares 14.4 billion U.S. dollars.

There is a decrease in bonuses to earnings ratio, from 40 percent in 2007 to 32 percent in 2009. The reason, the total revenue in the Wall Street firms also Jumped to around 450 billion U.S. dollars, up 25 percent from the year 2007.

Government pressure

For the second time this week President Barack Obama said that the bonuses of Wall Street firms as disgusting. Managing Director of Goldman David Viniar Defend themselves. He said the bonus is a step the company a fair balancing of facilities for employees to be loyal to the company.

Just so you know, even though the allocation of bonus three Wall Street firms last year’s lower figure is still six times higher than the average income of U.S. households are only 50.303 U.S. dollars per year. While every worker in the three companies will receive U.S. $ 336,843 bonus.

In fact, the Wall Street Journal calculates, the total Wall Street bonus in 2009 is greater than the total gross domestic product (GDP) of the World’s Poorest 58 countries and combined GDP equal to Egypt and Singapore. The figure was also 20 times larger than the GDP of Haiti, the new poor countries hit by massive earthquake.

Demo Relative Peace, JCI Moncer

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Composite Stock Price Index Indonesia Stock Exchange Thursday (28/1/2010) evening settled in the green zone. Index back above 2600, after these last few slumped in 2500.

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

Rupiah and Shares Still Fallen

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Until closure first trading sessions of the Indonesia Stock Exchange, Friday (29.1.2010) Composite Index was still slumped in the red zone.

Closed JCI weakening 31.412 percent, or 1.20 points at 2588.153. The shares and miscellaneous commodities industry to weight the index in the red zone.

A total dominating the 121 shares down this morning session trading, shares rose 26 comparison. The transaction value reached USD 1.106 trillion of transactions with 34,051 times the volume of 1.881 billion shares.

Results also makes index fell 1.28 per cent Kompas100 and LQ45 index decreased 1.34 percent and corrected Jakarta Islamic Index 1.48 percent.

While it rupiah exchange rate against U.S. dollar was also depressed this afternoon. RI currency is in the position of Rp 9360 per U.S. dollar.