Indonesian Stocks Extend Gains With Investors Are Optimistic For January Effect

Indonesia Stock Market Update 

Jakarta composite added 30.065 points (+0.451%) to 6,695.373. LQ45 climbed 0.48% to 947.884. There were 27.792 billion shares traded worth of Rp11.051 trillion, including transaction of 1.236 trillion in negotiation market. 273 shares rose while 263 declined and 140 unchanged.

Foreign investors purchased a net Rp40.58 billion in regular markets but recorded a net sell in all markets after disposing BRMS through negotiation transaction. BBCA, BMRI and ARTO were the most purchased by foreigners.

Finance Minister Sri Mulyani said the realization of state revenues reached Rp2,003 trillion, exceeding the target set in the 2021 APBN (114.9% of the target or growing 21.6% compared to the realization in 2020). Realization of tax revenues reached Rp1,546.5 trillion (107.1% of the 2021 APBN target) or has returned to the pre-pandemic level in 2019 of IDR 1,546.1 trillion.

According to JISDOR released Tuesday afternoon, Rupiah weakened 40 points (-0.28%) to 14,310 while Spot declined 36 points (-0.25%) to 14,300.

Asian and European stocks traded higher on Tuesday following Wall Street’s record highs amid new year momentum.

On the data front, The Caixin China General Manufacturing PMI rose to 50.9 in December 2021 from 49.9 in November, beating market estimates of 50.0. This was the highest reading since June, as the impact of scattered COVID-19 flare-ups was under control.

Elsewhere, the IHS Markit Australia Manufacturing PMI was revised higher to 57.7 in November of 2021 from a preliminary of 57.4, and decreasing to a three-month low.

In Europe, German retail sales rose 0.6% on the month in November, a year-on-year fall of 2.9%, an unexpected improvement from the previous month. The country’s unemployment rate for December will be in the spotlight later in the session. In France, preliminary estimates showed annual inflation rate was steady at 2.8% year-on-year in December of 2021, the same as in November’s 13-year high and below market expectations of 2.9%.

There is still much uncertainty around the Covid-19 pandemic, however, with multiple countries around the world reimposing restrictions or lockdowns to stop the spread of the highly contagious omicron variant.

Oil prices steady ahead of OPEC+ output decision on Tuesday. Brent crude futures added 17 cents (+0.22%) to $79.15 while U.S. markets rose 18 cents (+0.24%) to $76.26.

Indonesia Stock Market Update 

STOXX 50.. 4,232.19 (+0.79%)
CAC 40.. 7,214.63 (+0.86%)
DAX.. 15,997.15 (+0.71%)

NIKKEI.. 29,306.81(+1.79%)
SHCOMP.. 3,625.69 (-0.39%)
HSI.. 23,248.26 (-0.11%)
TAIEX.. 18,477.07 (+1.13%)
KOSPI.. 2,985.11 (-0.12%)
S&P/ASX 200.. 7,589.80 (+1.95%)
SENSEX.. 59,526.73 (+0.58%)
STI… 3,174.64 (+1.29%)

DOW FUT.. 36,509.00 (+0.15%)
S&P FUT.. 4,795.00 (+0.19%)
NASDAQ FUT.. 16,527.00 (+0.25%)