May 30, 2012 / 2:02 AM / 5 years ago

Indonesia - Market Factors to watch - May 30

JAKARTA, May 30 (Reuters) - Following is a list of events in
Indonesia as well as business highlights from newspapers and
factors that may influence financial markets.	
    	
    PRESS DIGEST (Reuters has not confirmed these stories)	
    - SEMEN GRESIK TO ACQUIRE FIRM IN VIETNAM	
    State cement producer PT Semen Gresik plans to
spend $400 million to acquire a cement company in Vietnam, said
CEO Dwi Soetjipto, adding it expects to complete the deal in
July 2012. (Investor Daily p.13)	
    - BANK KESAWAN TO RAISE $125 MLN FROM RIGHTS ISSUE IN 2013	
    Lender PT Bank QNB Kesawan plans to raise $125 million in a
rights issue in 2013 to increase its capital, said CEO Madi D
Lazuardi. (Investor Daily p.22)	
    - BTN AIMS TO RAISE 3 TRLN RPH FROM RIGHS ISSUE IN H2	
    State lender PT Bank Tabungan Negara plans to
raise up to 3 trillion rupiah ($319.32 million) from a rights
issue, releasing 10 percent of its shares and scheduled for the
second half of 2012, a source said.	
    The firm has appointed local and foreign securities firms as
underwriters, the source said. (Bisnis Indonesia p.m4)	
    	
    MARKET SNAPSHOT	
    * Most Southeast Asian stocks ended firmer on Tuesday on
hopes that China might launch spending measures to boost growth,
but trading volumes and gains were capped as concerns over a
euro zone recovery flared after a surge in Spanish borrowing.
 	
    * U.S. stocks rose on Tuesday as signs Greece would stay in
the euro zone were enough to spark buying in what has been a
weak month for equities, while Facebook plumbed new lows on high
volume. 	
    * Asian shares slipped on Wednesday, hurt by fears that
Spain's banking woes will push up the country's borrowing costs
to unsustainable levels although falls were limited on hopes
that Greece would stay in the euro zone and for China stimulus
steps. 	
    * Oil prices fell on Tuesday in choppy trading, faltering
after a downgrade of Spain's credit rating sent the euro to
nearly a two-year low against the dollar. 	
    * The Brazilian currency fell on Tuesday as the market
tested the central bank's resolve to defend the real, while
gains in other Latin American markets looked vulnerable to
worries about Europe's debt troubles. 	
    * Malaysian palm oil futures climbed to a near two-week high
on Tuesday as investors cited a rebound from a sell-off on the
euro zone debt crisis, while expectations of dry weather
conditions in soybean-growing regions in the United States also
supported price. 	
    	
----------------- MARKET SNAPSHOT AT 0007 GMT ---------------	
                   INSTRUMENT   LAST      PCT CHG   NET CHG  	
 S&P 500                 1332.42      1.11    14.600  	
 USD/JPY                 79.5        -0.03    -0.020  	
 10-YR US TSY YLD   1.7345         --    -0.014  	
 SPOT GOLD               1553.09     -0.09    -1.450  	
 US CRUDE                90.76        0.00     0.000  	
 DOW JONES               12580.69     1.01    125.86  	
 ASIA ADRS              113.95       2.00      2.23  	
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* For an outlook of Asian stock trading, click on 	
    	
    LATEST STORIES ON:	
    * Indonesia stocks........ 	
    * Southeast Asian stocks.. 	
    * Asian stocks preview.... 	
    * Asian currencies........ 	
    * U.S. stocks............. 	
    * Oil prices.............. 	
    * Global markets.......... 	
    * Malaysian crude palm oil 	
    * Indonesian palm oil..... 	
    * Global economy.......... 	
    * Key Asian companies..... 	
    * Key currencies.......... 	
    * Major deals of interest. 	
($1 = 9,395 rupiah)	
	
 (Reporting by Rin Hindryati; Editing by Matthew Bigg)

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