Still negative sentiment surrounding the stock market in Hong Kong. At the opening of trading today, Hangseng index opened down 0.95% to a level of 21 307. Yesterday (22 / 4), the stock market of Hong Kong and China closed down following the government’s plan to reduce the bubble in the property sector to prevent the increase in house prices, which hit the property sector and banking shares. Sub propertidi stock index falling by 1.6% Hangseng and make this sector shares fell 8% recorded in the past two weeks, though in a split year on year (yoy) property sector index still rose by 12%.
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Hottest issue these days is China’s monetary tightening undertaken. Toward the Lunar New Year holiday on the day last Friday, China’s central bank announced its latest monetary policy tightening by raising minimum reserve requirements for China’s big banks amounted to 0.5 percent from February 25 this year. Thus, the statutory minimum for China’s big banks to 16.5 percent. This is the second time China raised the statutory minimum. The last on January 18, 2010.

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The portion of ownership of shares of PT Bakrie & Brothers Tbk (BNBR) in some of the kids are always up and down its business. This time the decline occurred BNBR ownership in PT Energi Mega Persada Tbk (ENRG).

Pasca published new shares or rights issue ENRG, BNBR ownership in oil and natural gas was undermined by 16.89 percent.

Herwin W. Hidayat, Investor Relations ENRG, explained, after the rights issue 26.18 billion shares, public investors have a 70.42 percent stake. ”While 28.12 percent of shares owned BNBR, either directly or indirectly,” he said, yesterday. In addition, PT Danatama Makmur and PT Madani Securities, as the standby buyer’s rights issue, also has a 1.46 percent stake in Energi Mega.

In fact, according to a rights offering prospectus which was published late last year, BNBR still controlled 45.01 percent stake ENRG directly and indirectly. BNBR only got 0.02 percent of shares directly. While 18.78 percent of their shares through PT Brantas Indonesia and 26.21 percent of shares through PT Kondur Indonesia. That is, post-rights issue, ownership of ENRG trimmed BNBR 16.89 percent.

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