Indonesia market review as of 5 August
Indonesia’s stocks broke into psychological level of 6,200 to their highest level since March, outperforming their regional peers, following growth data that the country made its first expansion in five quarters.
Jakarta composite rose 46.382 points (+0.753%) to 6,205.417 with LQ45 gained 1.13% to 853.007. There were 29.662 billion shares traded worth of Rp18.077 trillion, including transaction of Rp593 billion in negotiation market. Foreign investors purchased a net Rp462.67 billion in regular market. 233 shares rose while 281 declined and 143 unchanged.
The statistic bureau reported that Indonesia is officially out of recession as the country reported economic growth in the second quarter of 2021 reached 7.07% compared to the same period last year or year on year. Quarterly, the economy grew 3.31%.
Investors watch ahead BUKALAPAK debut as the online marketplace is expected to put Indonesia’s e-commerce boom on the map on Friday when it becomes the first of the nation’s tech unicorns to list on IDX.
Dollar held gains following hawkish comment from Fed’s official. According to JISDOR released Friday afternoon, Rupiah retreated 18 points (+0.13%) to 14,342 while spot rate slipped 30 points (-0.21%) at 14,340.
Stocks in Asia were mixed Thursday as investors assessed the Fed’s comment while continue to monitor the Covid situation in China may have weighed on investor sentiment regionally.
In Europe, markets inched cautiously higher as investors digested more corporate earnings and await a key monetary policy decision from the Bank of England.
Australia recorded a trade surplus of around AUD 10.5 billion in July, according to data released by the country’s Bureau of Statistics on Thursday. That was above forecasts for a AUD 10.45 billion surplus.
Elsewhere, final PMI readings on Wednesday showed euro zone business activity surging in July to its fastest expansion in 15 years.
Cryptocurrency prices surged with Bitcoin surging nearly 3% while ether was up more than 6%. Over the past 24 hours, the Ether climbed to its highest level in nearly two months during the midst of a software upgrade that will trim the pace at which fresh tokens are minted.
Gold prices eased as the dollar held firm after remarks from a top U.S. Federal Reserve official signaled the possibility of bringing forward policy tightening.
Oil prices extended losses as more countries imposed fresh movement restrictions to counter a surge in COVID-19 cases, though Middle East tensions offered support. Brent crude retreated 30 cents (-0.43%) to $70.08 per barrel and U.S WTI crude declined 10 cents (-0.15%) at $68.05 barrel. Prices also fell steeply in the previous session after the U.S. Energy Information Administration said crude stockpiles rose by an unexpected 3.6 million barrels last week.
Indonesia Market Week in Review
STOXX 50.. 4,160.27 (+0.37%)
CAC 40.. 6,779.22 (+0.49%)
DAX.. 15,716.57 (+0.16%)
FTSE 100.. 7,120.35 (-0.05%)
NIKKEI.. 27,782.12 (+0.52%)
HSI.. 26,204.69 (-0.84%)
SHCOMP.. 3,465.55 (-0.31%)
TAIEX.. 17,603.12 (-0.12%)
KOSPI.. 3,276.13 (-0.13%)
S&P/ASX 200.. 7,511.15 (+0.11%)
SENSEX.. 54,636.65 (+0.49%)
STI.. 3,169.44 (-0.42%)
DOW FUT.. 34,709.00 (+0.05%)
S&P FUT.. 4,401.25 (+0.15%)
NASDAQ FUT.. 15,092.25 (+0.12%)
For previous market review : Market Review (4) 03.08.2021
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