Indonesia market review as of July 30
Indonesia’s stocks turned sharply lower in afternoon trade, tracked losses in regional markets, with investors continue to digest corporate earnings.
Jakarta composite declined 50.688 points (-0.828%) to 6,070.039 with LQ45 fell 1.16% to 823.043. There were 22.868 billion shares traded worth of Rp15.422 trillion, including transaction of Rp1.869 trillion in negotiation market. Foreign investors sold a net Rp354.36 billion in regular market. 194 shares rose while 325 declined and 137 unchanged.
On earnings, INAF posted a 90% yoy growth in revenue to Rp849.32 billion from the previous Rp447.29 billion in the first semester of 2020. Meanwhile, JPFA achieved a net profit of Rp1.64 trillion in the second quarter of 2021. This number increased by 426.29% compared to the same period last year which was only Rp313.12 billion. BMRI reported Rp12.5 trillion, (+22% YoY) net income in 1H21.
On other news, BBCA plans to conduct a 1-for-5 stock split. With this corporate action, the total shares will increase from 24.65 billion shares to 123.27 billion shares. Meanwhile, the par value of the shares will change from Rp62.5 per share to Rp12.5 per share.
According to JISDOR released Friday afternoon, Rupiah climbed 29 points (+0.2%) to 14,462 while spot rate strengthened 20 points (+0.14%) at 14,460.
Stocks in Asia were down, rounding out a volatile week amid Beijing’s clampdown while investors digested the latest economic data. Meanwhile, European stocks also retreated from their all-time highs with earnings continued to take center stage.
U.S. second-quarter GDP rose 6.5% on an annualized basis, considerably less than the 8.4% estimate. Meanwhile, the number of initial jobless claims filed over the past week grew to 400,000.
In Asia, Japan’s industrial output rose 6.2% in June from the previous month, surpassing the level before the coronavirus pandemic, buoyed by a recovery in production of autos and semiconductor-making equipment, government data showed Friday.
Meanwhile, National Australia Bank said it would buy back AUD2.5 billion in shares, according to Reuters.
From Europe, German annual consumer price inflation spiked to 3.1% in July, its highest since August 2008, prompting a leading services sector trade union to call for immediate and substantial wage increases.
Gold prices continued their uptrend today as compared to yesterday in the global market while cryptocurrency prices continue to be a mix of red and green on July 30.
Oil prices fell on Friday but were on track to post solid gains for the week with demand growing faster than supply. Brent crude declined 13 cents (-0.17%) at $75.92 per barrel and U.S WTI crude fell 14 cents (-0.20%) at $73.47 barrel.
Indonesia Market Week In Review
STOXX 50.. 4,101.08 (-0.38%)
CAC 40.. 6,635.48 (+0.03%)
DAX.. 15,519.68 (-0.77%)
FTSE 100.. 7,036.30 (-0.6%)
NIKKEI.. 27,283.59 (-1.80%)
HSI.. 25,961.03 (-1.35%)
SHCOMP.. 3,397.36 (-0.42%)
TAIEX.. 17,247.41 (-0.89%)
KOSPI.. 3,202.32 (-1.24%)
S&P/ASX 200.. 7,392.62 (-0.33%)
STI.. 3,184.45 (+0.12%)
DOW FUT.. 34,920.00 (-0.15%)
S&P FUT.. 4,387.75 (-0.54%)
NASDAQ FUT.. 14,868.50 (-1.13%)
For previous market review : Market Review (2) 28.07.2021
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