Stock Market News & Analyses
Jakarta composite fell 43.154 points (-0.645%) to 6,647.97. LQ45 retreated 0.41% to 940.315. There were 20.305 billion shares traded worth of Rp12.972 trillion, including transaction Rp1.98 trillion in negotiation market. 135 shares rose while 426 declined and 125 unchanged.
Foreign investors purchased a net Rp1.12 trillion in regular markets. The biggest foreign inflows went to BBCA by Rp474.86 billion followed by TLKM and BBRI of Rp83.3 billion and Rp80.2 billion respectively.
On Tuesday, Indonesia finance ministry raised Rp11 trillion from government bond auction. Total income bids were Rp55.349 trillion
Retail sales in Indonesia jumped by 10.8% year-on-year in November of 2021, accelerating sharply from a 6.5% rise a month earlier.
Indonesia will reevaluate its coal export ban on Wednesday and has cleared 14 ships loaded with the fuel to depart the country. Meanwhile, President Joko Widodo said on Monday that the government would ban bauxite exports starting this year to spur commodity downstreaming to industrialize the economy. Jokowi said the government would also ban exports of “raw copper” starting in 2023, which is in line with the energy ministry regulation.
According to JISDOR released Tuesday afternoon, Rupiah strengthened 24 points (+0.17%) to 14,299 while Spot rate added 5 points (+0.04%) to 14,300.
Asian stocks and U.S. futures fluctuated while European stock markets opened higher with investors continue to focus on key inflation print stateside that’s expected to strengthen the case for tighter monetary policy.
On the data front, Australia’s trade surplus declined to A$9.42 billion in November 2021 from a downwardly revised A$10.78 billion in the previous month and below market consensus of A$10.6 billion. It was the smallest trade surplus since April, amid softening global demand as more countries battled with a resurgence of coronavirus infections. Exports grew 2% month-over-month to A$43.86 billion and imports rose at a faster 6% to a 23-month high of A$34.44 billion. Considering the first eleven months of the year, the trade surplus surged to A$114.80 billion from A$65.22 billion in the same period of 2020.
In Europe, Total sales in the U.K. grew 4.6% last month compared with December 2019, the British Retail Consortium said Tuesday. A separate report from Barclaycard showed consumer spending grew 12.2% in last month compared to two years before, driven by sales at supermarkets and fuel stations during Christmas.
U.S. December consumer inflation data is due to be released on Wednesday, with headline CPI seen coming in at a red-hot 7% on a year-on-year basis, boosting the case for interest rates to rise sooner rather than later.
Oil prices climbed after retreated on Monday amid concerns about demand fears stoked by the rapid global rise in Omicron coronavirus infections overtook concerns about oil supply from Kazakhstan. Brent crude futures rose 38 cents (+0.47%) to $81.25 while U.S. crude markets increased 52 cents (+0.66%) to $78.75.
Stock Market News & Analyses
STOXX 50.. 4,270.04 (+0.72%)
CAC 40.. 7,162.64 (+0.66%)
DAX.. 15,881.97 (+0.72%)
FTSE.. 7,461.21 (+0.21%)
NIKKEI.. 28,222.48 (-0.90%)
SHCOMP.. 3,567.44 (-0.73%)
HSI.. 23,739.06 (-0.03%)
TAIEX.. 18,288.21 (+0.27%)
KOSPI.. 2,927.38 (+0.02%)
S&P/ASX 200.. 7,390.12 (-0.76%)
SENSEX.. 60,600.62 (+0.34%)
STI… 3,246.57 (+0.60%)
DOW FUT.. 35,958.00 (+0.02%)
S&P FUT.. 4,664.50 (+0.05%)
NASDAQ FUT.. 15,612.50 (+0.03%)
For previous market review: Indonesian Stocks End Slightly Lower and LQ45 Turns Green With Foreigners Record Net Purchase Despite Hawkish Fed Minutes
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