Market Update
• Foreigners purchased as much as Rp1 trillion in regular market only.
• The Minister of Finance reported the realisation of state revenue and grant of Rp302.42 trillion, covering 16.38% of the target set in the 2022 State Budget.
• the finance ministry raised Rp17.05 trillion in government bond auction today. The total incoming bids were Rp41.624 trillion.
• Asian and European Shares rose as talks between Russia and Ukraine buoy market sentiment.
• Ukrainian and Russian negotiators are meeting in Istanbul for face-to-face talks, the first direct talks between the two sides in more than two weeks.
Jakarta composite slipped 37.914 points (-0.538%) to 7,011.689. LQ45 retreated 0.76% to 1,019.083. There were 22.239 billion shares traded worth of Rp12.153 trillion, including transaction of Rp1.687 trillion in negotiation market. 228 shares rose while 289 declined and 167 unchanged. Foreigners purchased as much as Rp1 trillion in regular market only.
On currency, according to JISDOR Tuesday afternoon, rupiah weakened 4 points (-0.03%) to 14,364. Spot rate slipped 1 point (-0.01%) at 14,363.
The Minister of Finance reported the realisation of state revenue and grant of Rp302.42 trillion, covering 16.38% of the target set in the 2022 State Budget.
On the other news, the finance ministry raised Rp17.05 trillion in government bond auction today. The total incoming bids were Rp41.624 trillion.
Corporate News Update
- MDKA, through its subsidiary will acquire 55.67% PT Hamparan Logistik Nusantara from Provident Capital Indonesia worth of Rp5.36 trillion.
- MTDL posted a revenue of Rp18.5 trillion or an increase of 32% YoY in 2021 with a net profit of Rp508.9 billion which increased 39% YoY.
- SILO has obtained approval from the Extraordinary General Shareholders Meeting to proceed with the stock split plan with a ratio of 1:8 in April 2022.
Global Markets Update
- Asian and European shares rose as talks between Russia and Ukraine buoy market sentiment.
- Ukrainian and Russian negotiators are meeting in Istanbul for face-to-face talks, the first direct talks between the two sides in more than two weeks.
- On the data front, the U.S. will release its GDP on Wednesday and the latest jobs report two days later. China will also release its manufacturing and non-manufacturing purchasing managers indexes on Thursday, followed by the Caixin manufacturing PMI a day later.
- The U.S. 10-year Treasury yield was steady at around 2.46%. Inversions along the bond curve, where some short-term rates exceed longer tenor yields, point to concerns about a looming economic downturn as the Federal Reserve hikes interest rates to quell high inflation.
Commodities Update
- Oil prices swung while Gold and the dollar dropped as Ukraine and Russia look to continue peace talks. Meanwhile, fears that a COVID-19 lockdown in Shanghai, China could impact fuel demand.
- Brent crude futures rose 62 cents or 0.55% to 133.10 per barrel while West Texas Intermediate crude futures, the U.S. oil benchmark, weakened 4 cents or 0.04% to trade at $105.92 per barrel.
Market update :
Major index this afternoon:
STOXX 50.. 3,966.09 (+2.03%)
CAC 40.. 6,722.38 (+2.02%)
DAX.. 14,665.24 (+1.72%)
FTSE.. 7,554.76 (+1.09%)
NIKKEI.. 28,252.42 (+1.1%)
HSI.. 21,927.63 (+1.12%)
SHCOMP.. 3,203.94 (-0.33%)
TAIEX.. 17,548.66 (+0.16%)
KOSPI.. 2,741.07 (+0.42%)
S&P/ASX 200.. 7,464.30 (+0.7%)
SENSEX.. 57,929.39 (+0.58%)
STI.. 3,433.90 (+0.06%)
DOW FUT.. 34,966.00 (+0.32%)
S&P FUT.. 4,585.50 (+0.38%)
NASDAQ FUT.. 15,058.00 (+0.49%)
For previous market review: Market Update: Indonesian Stocks Retreat on Friday But Maintain Above 7,000
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