Stock Market News Update
Indonesian stocks edged higher in Tuesday trade with investors continue to monitor earnings while covid situation in the country continue to improve.
Jakarta composite added 31.241 points (+0.472%) to 6,656.938 while LQ45 climbed 0.38% to 965.04. There were 21.466 billion shares traded worth of Rp12.182 trillion, including transaction of Rp1.263 trillion in negotiation market. Foreign investors purchased a net Rp746.11 billion in regular market. 252 shares rose while 266 declined and 147 unchanged.
Finance Minister Sri Mulyani Indrawati said that Indonesia is on track for an economic recovery as Consumer Confidence Index in September 2021 touched the level of 95.5.
Indonesian Covid-19 task force yesterday reported an additional 460 new cases. This figure is much lower than the previous day’s position which reached 623 cases, far below 5% WHO’s recommended positivity rate limit.
On earnings, IRRA’s net profit jumped 840.7% yoy to Rp 84.9 billion at the end of September 202, compared to the same period last year of only Rp9.03 billion. Revenue in the first nine month of the year was recorded at Rp1.09 trillion or grew 671.1% compared to the same period last year of Rp141.1 billion.
AKRA posted consolidated revenues of Rp17.25 trillion during the first nine months of 2021, growing 24% from the same period previous year. Net profit was recorded at Rp796.98 billion, up 16.5% from the same period last year of Rp 665.40 billion.
Indonesian government raised Rp8 trillion in an auction of seven series of state securities. Total incoming bids were 69.535 trillion.
PT Dayamitra Telekomunikasi Indonesia Tbk (Mitratel), a subsidiary of TLKM, will conduct an initial public offering of 25.5 billion shares, seeking to raise up to Rp24.9 trillion. If the targeted funds are reached this corporate action will break the IPO record of BUKA’s Rp21.9 trillion.
According to JISDOR released Tuesday afternoon, Rupiah climbed 18 points (+0.13%) at 14,165 while spot rate added 5 points (+0.04%) to 14,150.
Stocks in Asia and Europe rose on Tuesday amid earnings optimism while global investors are still assessing inflation concerns.
Meanwhile, China’s property sector hit Hong Kong and mainland markets amid fears that China could tax property owners.
Stateside, U.S. Democrats moved closer to an agreement on President Joe Biden’s multi-trillion dollar economic agenda on Monday. It’s possible that the House could pass a $550 billion infrastructure bill this week.
Oil prices took a breather from recent rally with Brent slipped 44 cents (-0.51%) at $85.55 per barrel and U.S WTI declined 47 cents (-0.56%) at $83.29 a barrel.
Stock Market News Update
STOXX 50.. 4,223.95 (+0.85%)
CAC 40.. 6,765.30 (+0.78%)
DAX.. 15,760.01 (+1.03%)
FTSE.. 7,277.28 (+0.75%)
NIKKEI.. 29,106.01 (+1.77%)
HSI.. 26,038.27 (-0.36%)
SHCOMP.. 3,597.64 (-0.34%)
TAIEX.. 17,034.34 (+0.83%)
KOSPI.. 3,049.08 (+0.94%)
SENSEX.. 61,274.30 (+0.50%)
S&P/ASX 200.. 7,443.42 (+0.03%)
STI.. 3,207.37 (+0.17%)
DOW FUT.. 35,730.00 (+0.31%)
S&P FUT.. 4,576.75 (+0.41%)
NASDAQ FUT.. 15,596.50 (+0.65%)
For previous market review: Indonesian Stocks Fluctuate as Investors Assess Earnings
Follow our IG or click the link to see all of our upcoming events and the latest news on the stock market :
Recent Comments