Indonesian Stocks Trade Higher For a Fourth Consecutive Day on Year-End Window Dressing Activity

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Jakarta composite rose 22.899 points (+0.348%) to 6,598.343. LQ45 added 0.38% to 937.08. There were 30.576 billion shares traded worth of Rp10.673 trillion, including transaction of Rp1.536 trillion in negotiation market. 242 shares rose while 285 declined and 149 unchanged.

Foreign investors purchased a net Rp548.99 billion in regular market. The highest net buy was recorded by ARTO of Rp94.2 billion, followed by UNTR of Rp72.6 billion.

According to JISDOR released Tuesday afternoon, Rupiah weakened 12 points (-0.08%) to 14,237 while Spot rate stayed at 14,225.

Asian and European shares were mostly higher on Tuesday with Japanese Nikkei jumped following the broadly positive cues from Wall Street overnight amid easing concerns about the economic impact of the Omicron variant of the coronavirus.

In economic news, the unemployment rate in Japan came in at a seasonally adjusted 2.8% in November, the Ministry of Internal Affairs and Communications said on Tuesday. That missed expectations for 2.7%.

Separately, industrial production in Japan climbed a seasonally adjusted 7.2% on month in November, the Ministry of Economy, Trade and Industry said on Tuesday. That beat expectations for an increase of 4.8% and was up from the 1.8% gain in October. On a yearly basis, industrial production improved 5.4%, again topping forecasts for a gain of 2.5% following the 4.1% contraction in the previous month.

On coronavirus development, Global Covid-19 cases hit a daily record on Monday. Among the most recent developments in response to the outbreaks, France will force its citizens to work from home for most of next month to contain the spread of the highly transmissible omicron variant while the U.K. government won’t introduce stricter restrictions in England before the end of the year.

Oil prices continue to climb after surging more than 2% on Monday to the highest level since late November on hopes that the Omicron coronavirus variant will have a limited impact on global demand in 2022, even as surging cases caused flight cancellations. Brent crude futures added 12 cents (+0.15%) to $78.72 while U.S. markets rose 28 cents (+0.37%) to $75.85.

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STOXX 50.. 4,291.64 (+0.09%)
CAC 40.. 7,152.22 (+0.17%)
DAX.. 15,860.86 (+0.16%)

NIKKEI.. 29,069.16 (+1.37%)
HSI.. 23,258.83 (+0.15%)
SHCOMP.. 3,630.11 (+0.39%)
TAIEX.. 18,196.81 (+0.82%)
KOSPI.. 3,020.24 (+0.69%)
SENSEX.. 57,839.50 (+0.73%)
STI… 3,125.67 (+0.69%)

DOW FUT.. 36,172.00 (-0.02%)
S&P FUT.. 4,780.25 (-0.04%)
NASDAQ FUT.. 16,560.00 (0.00%)