41.   He said the gains in the telecoms stocks are likely to be temporary in the absence of significant foreign inflows.

42.   Investors have thus been turning back towards defensive stocks, though even some telecoms stocks were finding favour.

43.   An analyst with Ramayana Artha Perkasa said the decline was led by telecoms stocks, followed by other blue chips.

44.   Arbitrage buying in late trading and renewed bargain hunting in telecom stocks pulled share prices off mid-session lows, brokers said.

45.   Dealers said telecoms stocks again led the gains in anticipation that the government will increase local telephone call rates by next week.

46.   Elsewhere telecoms stocks were also mixed.

47.   European telecoms stocks were under intense pressure as the markets continued to fret over the glum news from Lucent.

48.   The recovery in telecom stocks also helped to underpin the general revival in sentiment, brokers said.

49.   The Worldcom scandal, reawakening concerns over the integrity of US accountancy practices in the wake of the Enron collapse, depressed sentiment in telecoms stocks.

50.   It maintained its previous earnings prediction but its weaker-than-expected mid-quarter update was enough to send other telecom stocks across Europe reeling.