Indonesia Weekly Market Recap.
Indonesian stocks slipped on Thursday as investors assessed latest economic data and lingering risks surrounding coronavirus pandemic.
Jakarta composite declined 12.704 points (-0.209%) to 6,078.229 while LQ45 rose 0.27% to 862.857. There were 20.598 billion shares traded worth of Rp9.348 trillion, including transaction of Rp666 billion in negotiation market. Foreign investors sold a net Rp91.81 billion in regular market. 210 shares rose while 277 declined and 160 unchanged.
On corporate news, strategic investors will enter BABP through a private placement, following the implementation of BABP’s Rights Issue which has been approved by the Financial Services Authority.
The merger of Pelindo I, Pelindo II, Pelindo III and Pelindo IV was official announced on Wednesday. Opportunities for improving the financial performance of IPCC and IPCM are wide open in line with the merger of the four port state-owned enterprises that generate total assets of Rp112 trillion.
According to JISDOR released Thursday afternoon, Rupiah added 3 points (+0.02%) at 14,281 while spot rate climbed 10 points (+0.07%) at 14,270.
Stocks in Asia were mixed as investors reacted to economic data. Meanwhile, Europeans edged higher as investors look ahead the upcoming nonfarm payroll data.
Chinese tech shares listed in Hong Kong came off their highs after Chinese regulators summoned and interviewed 11 ride-hailing firms asking them to rectify non-compliant behavior.
Australia recorded a trade surplus of A$12.117 billion in July from an upwardly revised A$11.1 billion in the previous month and above market consensus of a surplus of A$10.2 billion. Exports jumped 5% while imports softer 3%.
In Covid vaccine developments, Moderna and Takeda Pharmaceutical announced Wednesday they were working with Japanese authorities to recall several batches after stainless steel contaminants were discovered in some vials
Gold traded internationally within a narrow range on Wednesday, as investors largely looked past a slew of US economic readings to focus on key labour data.
Cryptocurrency cart was back on the roll on Thursday as investors returned to digital tokens with Ethereum, Dogecoin and Cardano posted double-digit gains.
Investors are focused on August U.S. nonfarm payrolls data, which is scheduled to be released later this week, for insight into the possible path of Fed’s monetary policy.
Oil prices swung on Thursday after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time. Brent crude added 20 cents (+0.28%) at $71.79 per barrel and U.S WTI rose 16 cents (+0.23%) at $68.75 barrel. OPEC+ agreed on Wednesday to continue a policy of phasing out record production reductions by adding 400,000 barrels per day each month to the market.
Indonesia Weekly Market Recap
STOXX 50.. 4,237.91 (+0.25%)
CAC 40.. 6,775.24 (+0.24%)
DAX.. 15,871.40 (+0.30%)
FTSE.. 7,150.50 (+0.01%)
NIKKEI.. 28,543.51 (+0.33%)
HSI.. 26,090.43 (+0.24%)
SHCOMP.. 3,597.04 (+0.84%)
TAIEX.. 17,319.76 (-0.88%)
KOSPI.. 3,175.85 (-0.97%)
S&P/ASX 200.. 7,485.75 (-0.55%)
SENSEX.. 57,703.58 (+0.64%)
STI.. 3,084.81 (-0.10%)
DOW FUT.. 35,362.00 (+0.20%)
S&P FUT.. 4,531.00 (+0.22%)
NASDAQ FUT.. 15,646.75 (+0.24%)
For previous market review : Indonesia Weekly Market Update (12) 30.8.2021
Klik untuk info event terkini dan ulasan pasar modal harian
Recent Comments