Stock Market Overview
Indonesian stock rallied alongside with rupiah as global stocks rebounded. Investors look ahead trade data due tomorrow.
Jakarta composite rose 89.21 points (+1.365%) to 6,626.114 while LQ45 increased 1.26% to 972.657. There were 21.316 billion shares traded worth of Rp16.756 trillion, including transaction of Rp1.488 trillion in negotiation market. Foreign investors purchased a net Rp1.44 trillion in regular market. 305 shares rose while 225 declined and 129 unchanged.
ADHI secured new contracts of Rp11.3 trillion in 9M21, which grew by 82.3% as compared to Rp6.2 trillion in previous year. 91% of total new contracts came from construction line of business followed by property of 8% and the remaining 1% from other projects.
Later this week, there will be trade balance data for September.
Foreign investors were net buyers on BBCA of Rp231.1 billion, TLKM worth Rp184 billion and BMRI for Rp56.9 billion.
According to JISDOR released Thursday afternoon, rose 66 points (+0.46%) at 14,155 while spot rate climbed 100 points (+0.70%) at 14,115.
Asian and European stocks rose on Thursday as investors reacted to China’s inflation figure while longer term Treasury yields and the dollar fell as traders weighed elevated U.S. inflation and Federal Reserve minutes affirming a looming reduction in stimulus.
Overnight figures showed another solid increase in U.S. consumer prices, while minutes from last month’s Federal Reserve meeting showed policymakers’ growing concern about inflation and a general agreement to start tapering asset purchases soon.
The National Bureau of Statistics data also showed China’s consumer price index rose 0.7% year-on-year in September versus an expected 0.9% gain in the Reuters poll and a 0.8% increase in August.
Singapore’s central bank unexpectedly tightened its monetary policy on Thursday, delivering its first such move in three years, amid mounting cost pressures caused by supply constraints and a recovery in the global economy.
Elsewhere, Australia’s unemployment rate rose 0.1% to 4.6% in September as the first early economic indicators of Delta-strain lockdowns come to light.
In cryptocurrencies, Bitcoin has resumed its rally, taking the largest token above $58,000.
Oil prices rose, reversing previous losses, on expectations that high natural gas prices as winter approaches may drive a switch to oil to meet heating demand needs. Brent rose 87 cents (+1.05%) at $84.05 per barrel and U.S WTI up 85 cents (+1.06%) at $81.29 a barrel.
Stock Market Overview
STOXX 50.. 4,123.89 (+0.99%)
CAC 40.. 6,647.46 (+0.76%)
DAX.. 15,356.18 (+0.70%)
FTSE.. 7,192.46 (+0.71%)
NIKKEI.. 28,550.93 (+1.46%)
SHCOMP.. 3,558.28 (-0.10%)
TAIEX.. 16,387.28 (+0.24%)
KOSPI.. 2,988.64 (+1.50%)
S&P/ASX 200.. 7,311.73 (+0.54%)
SENSEX.. 61,038.90 (+0.50%)
STI.. 3,164.18 (+0.25%)
DOW FUT.. 34,448.00 (+0.56%)
S&P FUT.. 4,383.75 (+0.66%)
NASDAQ FUT.. 14,888.50 (+0.84%)
For previous market review: Foreigners net Buyers of 1.24 trillion, JCI strengthen to More than 32 month
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