Indonesia Market Week in Review
Indonesian stocks resumed trade from holiday in positive note, clawing back from their three-day losing streak, mainly supported by stocks listed in LQ45 index.
Jakarta composite rose 51.244 points (+0.842%) to 6,139.652 with LQ45 jumped 1.62% to 845.843. There were 24.342 billion shares traded worth of Rp16.014 trillion, including transaction of Rp1.236 trillion in negotiation market. Foreign investors sold a net Rp144.37 billion in regular market. 291 shares rose while 218 declined and 138 unchanged.
The unicorn startup, BUKA, plummeted to its auto rejection limit for a second straight day with transaction value reached Rp2.66 trillion.
On earnings front, ERAA posted a net profit of Rp558.54 billion in the first six month of 2021. That number increased 392.44% on an annual basis from Rp113.42 billion in the same period in 2020.
BRMS announced a quite impressive performance in the first semester of 2021 as net profit reached $3.63 million in the first half of 2021, soaring 280.31% compared to the company’s net profit in the first half of 2020 which was only $955,388.
WSKT reaped a profit of Rp33.4 billion during the first semester of 2021, compared to the red report card in the first semester of 2020 which lost Rp1.09 trillion. During the period from January to June 2021, it posted operating revenues of Rp4.7 trillion with a gross profit of Rp172.9 billion.
According to JISDOR released Thursday afternoon, Rupiah climbed 8 points (+0.06%) to 14,389 while spot rate remained at 14,380.
Shares in Asia mostly declined while Europeans were mixed on Thursday after U.S. inflation jumped, but not by quite as much as investors feared while markets continue to monitor the Covid situation in Asia region after the World Health Organization warned global cases could pass 300 million by early next year if the pandemic continues in its current direction.
U.S. July’s Consumer Price Index released overnight showed prices jumped 5.4% since last year, compared to expectations of 5.3%, according to economists surveyed by Dow Jones. The government said CPI increased 0.5% in July on month-to-month basis.
Britain’s economy surged forward in the second quarter, growing 4.8% as consumers eagerly spent money following the easing of coronavirus restrictions and the progress of the country’s vaccination program. Other data showed, trade deficit rose to GBP 2.5 billion in June of 2021 from a revised GBP 200 million in the previous month. It was the largest trade shortfall since last December. Exports fell 1.5% to GBP 48.74 billion, as goods shipments declined 3.6% while services sales went up 1.3%. Meanwhile, imports advanced 3.2% to a six-month high of GBP 51.26 billion
Gold prices continued their uptrend today as compared to yesterday in the global market after data showing U.S. consumer price increases slowed in July soothed concerns of an early tapering of economic support. Meanwhile, cryptocurrency prices continue to be in the green.
Oil prices held steady following two day winning streak after White House on Wednesday urged the OPEC+ to boost oil output to tackle rising gasoline prices that they see as a threat to the global economic recovery. Brent crude added 7 cents (+0.10%) at $71.51 per barrel and U.S WTI crude stayed at $69.25 barrel. Data from the EIA on Wednesday showed that fuel demand in the top global crude user is averaging 20.6 million bpd over the past four weeks.
Indonesia Market Week in Review
STOXX 50.. 4,212.41 (+0.14%)
CAC 40.. 6,862.13 (+0.06%)
DAX.. 15,845.80 (+0.12%)
FTSE 100.. 7,207.16 (-0.18%)
NIKKEI.. 28,015.02 (-0.20%)
HSI.. 26,517.82 (-0.53%)
SHCOMP.. 3,524.74 (-0.22%)
TAIEX.. 17,219.94 (-0.04%)
KOSPI.. 3,208.38 (-0.38%)
S&P/ASX 200.. 7,588.19 (+0.05%)
SENSEX.. 54,819.96 (+0.54%)
STI.. 3,180.11 (+0.00%)
DOW FUT.. 35,397.00 (+0.07%)
S&P FUT.. 4,440.75 (+0.01%)
NASDAQ FUT.. 15,008.00 (-0.08%)
For previous market review : Market Review (6) 09.08.2021
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