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Market diary.


After four weeks of gains, the market was essentially flat for the week ended July 27 following mixed economic news and concerns over China's currency revaluation Currency revaluation

A deliberate upward adjustment in the official exchange rate established, or pegged, by government against a specified standard, such as another currency or gold.
. The Dow Jones Industrial Average Dow Jones Industrial Average

The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange.
 was off 0.5 percent to 10637.1 while the S&P 500 gained 0.1 percent to 1236.79 and the Nasdaq Composite Index Nasdaq Composite Index

An index that indicates price movements of securities in the over-the-counter market. It includes all domestic common stocks in the Nasdaq System (approximately 5,000 stocks) and is weighted according to the market value of each listed
 fell 0.1 percent to 2186.22. The LABJ's index of 200 local stocks gained 0.1 percent to 128.65, with advances outnumbering declines 102 to 86 as 30 stocks hit new highs and only 3 fell to new lows. Leading all decliners was Molina Healthcare Inc., which fell 51.4 percent to a 52-week low of $22.35 on a negative profit warning. That pulled down the entire health care sector, which was off 6.9 percent. The leading sector was automotive/plastics/metals, which rose 5.5 percent, on the strength of Reliance Steel & Aluminum Co., a metals company that has been buoyed by Chinese demand for raw materials. Leading all gainers was Global e-Point Inc., which jumped 86.3 percent to $6.39 after the release of the latest version of its video-security system designed to monitor public transportation systems followed the London subway bombings. Gemstar-TV Guide International Gemstar-TV Guide International, Inc. is a media company that licenses interactive program guide technology to multichannel operators, such as cable and satellite television providers, and consumer electronics manufacturers, video recorder scheduling code under brands such as VCR  Inc. fell 13.9 percent to $3.10 after announcing that its upcoming redesign re·de·sign  
tr.v. re·de·signed, re·de·sign·ing, re·de·signs
To make a revision in the appearance or function of.



re
 of TV Guide magazine is expected to sharply cut circulation and generate short term losses of $110 million.
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Title Annotation:THE LABJ STOCK INDEX: TRACKING 200 SELECTED LOS ANGELES COUNTY-BASED COMPANIES
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 1, 2005
Words:240
Previous Article:Econowatch L.A. County.(INVESTMENTS & FINANCE)(Illustration)
Next Article:Market indexes.(THE LABJ STOCK INDEX: TRACKING 200 SELECTED LOS ANGELES COUNTY-BASED COMPANIES)(Brief Article)(Illustration)
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