Latest Stock Market News Today
• Jakarta composite declined 26.97 points in morning trade
• The National COVID-19 Task Force reported that Indonesia’s COVID-19 cases increase 40 times in one month
• BBRI recorded a net profit of Rp32.21 trillion as of December 2021
• Shares fell in Japan and Australia, while South Korea and Singapore reopened from a holiday and pushed higher
• Investors in Europe focus on ECB and BoE monetary decisions later in the day amid inflationary pressure
• Oil prices eased on Thursday
Jakarta composite declined 23.801 points (-0.355%) to 6,683.851. LQ45 retreated 0.21% to 945.94. There were 23.219 billion shares traded worth of Rp10.626 trillion, including transaction 726 billion in negotiation market. 222 shares rose while 294 declined and 165 unchanged. Foreign investors purchased a net Rp255.68 billion in regular market.
Fears surrounding coronavirus in the country mounted. The National COVID-19 Task Force reported that Indonesia saw a quite significant spike in the number of people exposed to the coronavirus in the past week. In fact, this week’s figure was the highest in 2022. There were more than 1,400 cases in the first week of January 2022. But in the last week, more than 56,000 positive cases were recorded.
On currency, according to JISDOR Thursday afternoon, rupiah weakened 34 points (-0.24%) to 14,381. Spot rate slipped 20 points (-0.14%) at 14,375.
Corporate news
BBRI posted a consolidated net profit attributable to owners of the parent entity in 2021 of Rp31.06 trillion, increased 66.53% from the same period in the previous year of Rp18.65 trillion. Bank only, BBRI recorded a net profit of Rp32.21 trillion as of December 2021 from the previous year of Rp18.35 trillion, or an increase of 75.53%.
KINO spares IDR 100 billion to conduct a shares buyback of a maximum of 20% of its entire issued and paid-up capital. The buyback period kicks off today until May 2, 2022, with a maximum number of shares of 20 million units.
KRAS started 2022 by exporting Hot Rolled Coil to Pakistan and to Italy. In total, as of last January, KRAS has exported 63,731 tons of processed steel. This realization increased by 87 percent compared to the export realization in January 2021, and the largest monthly export in KRAS history.
Global markets
Rally in global stocks faltered, weighed down by tech fallout. Shares fell in Japan and Australia, while South Korea and Singapore reopened from a holiday and pushed higher. Markets in Hong Kong and China remain shut.
In Europe, stocks were slightly lower with investors focus on ECB and BoE monetary decisions later in the day amid inflationary pressure.
According to Eurostat, in seasonally adjusted terms, the year-on-year rate of consumer price inflation picked up from 5.0% in December to 5.1% for January, while economist had predicted an increase of 4.3%
U.S. private payrolls fell for the first time in a year in January as soaring COVID-19 infections disrupted business operation. Private payrolls fell by 301,000 in January, well below a Dow Jones estimate for growth of 200,000.
Commodity
Oil prices eased on Thursday following weak U.S. payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ agreed to stick to moderate rises of 400,000 barrels per day in its oil output.
US West Texas Intermediate crude declined 23 cents, or 0.26%, to $88.03 a barrel, while Brent crude fell 11 cents, or 0.12%, to $89.36 a barrel
The Indonesian government has lifted a ban on coal exports, as the coal supply that will cover the needs of State Electricity Company and Independent Power Producer finally recovered. That ended uncertainty that sent the price of the fuel to this year’s highest level.
Cryptocurrency market saw some profit taking, ending its two-day winning streak with bitcoin went below $37,000 after breaching $39,000 level for the first time in two weeks.
On economic calendar this week:
• U.S. factory orders, initial jobless claims, durable goods, Thursday
• U.S. payrolls report for January, Friday
Latest Stock Market News Today
Major index this afternoon:
STOXX 50.. 4,208.82 (-0.31%)
CAC 40.. 7,108.95 (-0.09%)
DAX.. 15,575.80 (-0.24%)
FTSE.. 7,597.87 (+0.20%)
NIKKEI.. 27,241.31 (-1.06%)
KOSPI.. 2,707.82 (+1.67%)
S&P/ASX 200.. 7,078.01 (-0.14%)
SENSEX.. 58,930.79 (-1.05%)
STI.. 3,312.14 (+1.96%)
DOW FUT.. 35,484.00 (-0.02%)
S&P FUT.. 4,536.75 (-0.88%)
NASDAQ FUT.. 14,788.25 (-2.16%)
For previous market review: Indonesian Stocks End Higher, Investors Will Turn Focus to Earnings
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