Ulasan Pasar Modal Konsultan Keuangan D’Origin Advisory
Jakarta composite retreated from record highs on Thursday
• Global stocks were mixed on Thursday morning as investors weighed risks of a Ukraine invasion against signs less aggressive U.S. Federal Reserve.
• Oil prices tumbled as Russia-Ukraine conflict re-escalated and after both France and Iran said parties are closer a nuclear deal.
• Energy Information Administration reported on Wednesday that U.S. crude stocks rose while gasoline and distillate inventories fell last week.
Jakarta composite fell 15.081 points (-0.22%) to 6,835.117. LQ45 declined 0.32% to 973.40. There were 17.15 billion shares traded worth of Rp6.673 trillion, including transaction of Rp1.476 trillion in negotiation market. 201 shares rose while 326 declined and 155 unchanged. Foreign investors bought a net Rp430.24 billion in regular market.
On currency, according to JISDOR Thursday afternoon, rupiah retreated 23 points (-0.16%) to 14,301. Spot rate weakened 40 points (+0.42%) at 14,315.
Corporate news
PTBA committed to supply 20 million metric tons of coals for PLN and ensured that coal supply for PLN is well sustained in the long run.
BGTG has set its rights issue price at Rp200 per share. The company will release 5.59 billion new shares, aiming for Rp1.12 trillion to strengthen the company’s capitalization, including credit distribution to its users.
ZINC is optimistic that it can record sales of around Rp1.2 trillion by the end of 2022 as the company’s smelters has begun to conduct trial production.
ISAT is due to pay principals of the Series D of Shelf-Registered Bonds I of Indosat Phase II Year 2015 of Rp337 billion and Rp43 billion the Series D of Shelf-Registered Sukuk Ijarah, both scheduled for June 4, 2022. In order to support the plan, the telecommunication provider will utilise bank facilities.
Global markets
Stocks in Asia and Europe were mixed on Thursday as investors weighed risks of a Ukraine invasion against signs less aggressive U.S. Federal Reserve.
The U.S. led views that Russia had not withdrawn any troops, but instead added as many as 7,000 troops to encircle Ukraine.
On the data front, Japan’s January exports came in far below expectations, with official data released Thursday showing a 9.6% year-on-year rise for that month. That was against expectations by economists for a 16.5% gain.
Elsewhere, Australian employment rose modestly by 12,900 in January as a surge in coronavirus cases put a big dent in hours worked, while the jobless rate remained at 4.2%, the lowest in 13 years, amid record-high vacancies.
Bond yields ease as minutes from the Federal Reserve’s latest policy meeting showed policymakers still leaning toward moving decisively to fight inflation.
Commodity
Oil prices tumbled as Russia-Ukraine conflict re-escalated and after both France and Iran said parties are closer a nuclear deal. U.S. West Texas Intermediate crude fell $1.51, or 1.61%, to $92.15 a barrel, while Brent crude declined $1.39, or -1.47%, to $93.42 a barrel.
Energy Information Administration reported on Wednesday that crude inventories rose by 1.1 million barrels in the week to Feb. 11 to 411.5 million barrels, compared with analysts’ expectations for a 1.6 million-barrel drop. Meanwhile, U.S. gasoline stocks fell by 1.3 million barrels in the week to 247.1 million barrels, against expectations for a 550,000-barrel rise.
Gold was much in demand on Thursday as dovish Fed minutes and geopolitical tensions at the Ukraine border prompted investors to rush for the safe-haven.
Ulasan Pasar Modal Konsultan Keuangan D’Origin Advisory
Major index this afternoon:
STOXX 50.. 4,139.56 (+0.06%)
CAC 40.. 6,980.57 (+0.22%)
DAX.. 15,364.55 (-0.04%)
FTSE.. 7,554.96 (-0.66%)
Nikkei.. 27,232.87 (-0.83%)
HSI.. 24,792.77 (+0.30%)
SHCOMP.. 3,468.04 (+0.06%)
TAIEX.. 18,268.57 (+0.20%)
KOSPI.. 2,744.09 (+0.53%)
S&P/ASX 200.. 7,296.18 (+0.15%)
SENSEX.. 57,977.86 (-0.03%)
STI.. 3,441.57 (+0.07%)
DOW FUT.. 34,684.00 (-0.48%)
S&P FUT.. 4,448.00 (-0.49%)
NASDAQ FUT.. 14,447.25 (-0.51%)
For previous market review: Indonesian Stocks Rebound With Global Shares After Fears Surrounding Russia – Ukraine Tensions Ease
You could also read the article about our last event : TREN 2022 DIPROYEKSIKAN POSITIF, Roy Sembel: IHSG Berpotensi Sentuh Level 7.500
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