Indonesia Weekly Stock Market Update
Indonesian stocks extended declines in Monday morning, tracking regional markets while investors are keeping an eye on President Jokowi annual speech ahead of Independence Day.
Jakarta composite fell 62.857 points (-1.024%) to 6,076.635 while LQ45 declined 0.63% to 846.053. There were 13.823 billion shares traded worth of Rp6.985 trillion, including transaction of Rp400 billion in negotiation market. Foreign investors purchased a net Rp162.47 billion in regular market. 136 shares rose while 348 declined and 148 unchanged.
President Joko Widodo proposed slightly slower state spending next year that aims to support the pandemic-hit economy while maintaining the goal of gradually cutting the fiscal deficit. The government proposed Rp2,708.7 trillion as 2022 state budget. Economic growth is projected at 5%-5.5% in 2022, higher than the 3.7%-4.5% forecast for this year.
According to JISDOR released Friday afternoon, Rupiah climbed 1 point to 14,388 while spot rate added 5 points (+0.03%) remained at 14,380.
Asian stocks declined on Monday following a slew of disappointing Chinese data. Markets in South Korea closed for holiday.
Retail sales in China rose 8.5% in July as compared with a year ago, according to official data released Monday. That was far lower than the 11.5% rise forecast. Meanwhile, industrial production grew 6.4% in July, also falling short of expectations for a 7.8% year-on-year increase for the month.
Elsewhere, The Japanese economy advanced 0.3% in Q2 2021 compared to previous quarter, above market consensus of a 0.2% growth and after a downwardly revised 0.9% expansion in Q1, with domestic demand contributing 0.6% points to the GDP growth, preliminary estimated showed.
Gold prices continued their uptrend today while Cryptocurrency prices continue to be mostly in green on August 16 with Dogecoin surges over 12%.
Oil prices fell more than 1% on Monday, dropping for a third session, as government-imposed restrictions on mobility to counter the spread of the Delta variant raised worries about a recovery in fuel demand. Brent crude declined 77 cents (-1.09%) at $69.82 per barrel and U.S WTI fell 76 cents (-1.11%) at $67.68 barrel.
Indonesia Stock Market Update
NIKKEI.. 27,477.84 (-1.78%)
HSI.. 26,195.41 (-0.48%)
SHCOMP.. 3,516.30 (-0.24%)
TAIEX.. 16,876.23 (-0.62%)
S&P/ASX 200.. 7,602.10 (-0.35%)
SENSEX.. 55,457.77 (+0.04%)
STI.. 3,158.03 (-0.24%)
DOW FUT.. 35,328.00 (-0.26%)
S&P FUT.. 4,453.75 (-0.20%)
NASDAQ FUT.. 15,110.75 (-0.10%)
For previous market review : Market Review (7) 12.08.2021
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