Indonesian Stocks Hit Record High Again in Tuesday Trade, Inflation Eases in February

Pergerakan Indeks Saham Hari Ini

Jakarta composite climbed to 6,921.441 after touching an intraday high of 6,996.935.
• Foreign investors bought as much as Rp1.28 trillion in regular market.
• Indonesia’s annual inflation rate rose 2.06% in February, easing slightly from January’s 2.18%
• Asian shares were higher on Tuesday as investor concerns over Russia’s invasion of Ukraine slightly eased following initial round of peace talks between Ukrainian and Russian officials.
• European stocks were slightly lower on Tuesday morning amid reports that a significant Russian convoy is heading towards Ukraine’s capital Kyiv.
• China’s official manufacturing Purchasing Managers’ Index for February was 50.2, beating analyst expectations of a reading of 49.9 in a Reuters poll, slightly higher than January’s 50.1.

Jakarta composite climbed 33.27 points (+0.483%) to 6,921.441 after touching an intraday high of 6,996.935. LQ45 rose 0.21% to 987.651. There were 22.836 billion shares traded worth of Rp19.478 trillion, including transaction of Rp2.224 trillion in negotiation market. 297 shares rose while 225 declined and 157 unchanged. Foreign investors bought as much as Rp1.28 trillion in regular market.

On currency, according to JISDOR Tuesday afternoon, rupiah added 19 points (+0.13%) to 14,350. Spot rate added 30 points (+0.21%) to 14,335.

Indonesia’s annual inflation rate rose 2.06% in February, easing slightly from January’s 2.18% and 2.20% expected as some food prices cooled, data from the statistics bureau showed on Tuesday. Core inflation was 1.84% in the previous month.

Other data showed foreign tourist arrivals in Indonesia rose by 13.62% year-on-year in January 2022, as COVID-19 curbs eased across the nation following rising vaccinations.

Corporate news

• ASII reported a net profit of Rp20.2 trillion in 2021. It was 25% higher year-on-year compared to net profit in 2020 of Rp16.16 trillion, as revenue reached Rp233.39 trillion, grew of 33% from previous year.
• INDY will sell off 69.80% of its shares in PTRO to PT Caraka Reksa Optima for US$146.58 million according to company’s information disclosure.

Global markets

• Asian shares were higher on Tuesday as investor concerns over Russia’s invasion of Ukraine slightly eased following initial round of peace talks between Ukrainian and Russian officials.
• Meanwhile, European stocks were slightly lower on Tuesday morning amid reports that a significant Russian convoy is heading towards Ukraine’s capital Kyiv.
• On the data front, China’s official manufacturing Purchasing Managers’ Index for February was 50.2, beating analyst expectations of a reading of 49.9 in a Reuters poll, slightly higher than January’s 50.1.
• In Europe, Manufacturing PMI in Germany decreased to 58.40 points in February from 59.80 points in January. For Euro area, Manufacturing PMI decreased to 58.20 points from 58.70 points in January.
• The Reserve Bank of Australia kept rates on hold at 0.1% at its meeting.
• Benchmark 10-year U.S. Treasury yields were at 1.8629% gradually walking back a little ground from Monday’s tumble.
• In cryptocurrencies, Bitcoin jumped past $43,000 on speculation that digital tokens could be increasingly used for payments in the wake of the sanctions against Russia.

Commodity

• Brent crude futures, on Tuesday rose 3.26% to $101.16 per barrel. The benchmark touched a seven-year high of $105.79 after Russia’s invasion of Ukraine began last week.
• West Texas Intermediate futures, West Texas Intermediate futures, rose 2.72% to $98.21 a barrel
• Gold prices turned lower on Tuesday after Russian and Ukrainian officials held the first round of ceasefire talks overnight, dampening demand for the safe-haven bullion.

Economic calendar this week

• President Joe Biden State of the Union address, Tuesday
• Fed Chair Jerome Powell testifies to Congress on monetary policy, Wednesday and Thursday
• OPEC+ meeting, Wednesday
• Eurozone CPI, Wednesday
• U.S. unemployment, nonfarm payrolls, Friday

Pergerakan Indeks Saham Hari Ini

Major index this afternoon:

STOXX 50.. 3,894.01 (-0.77%)
CAC 40.. 6,607.85 (-0.77%)
DAX.. 14,338.10 (-0.85%)
FTSE.. 7,449.28 (-0.12%)

NIKKEI.. 26,844.72 (+1.20%)
HSI.. 22,761.71 (+0.21%)
SHCOMP.. 3,488.84 (+0.77%)
TAIEX.. 17,898.25 (+1.39%)
S&P/ASX 200.. 7,096.55 (+0.67%)
STI.. 3,279.80 (+1.16%)

DOW FUT.. 33,940.00 (+0.30%)
S&P FUT.. 4,378.50 (+0.24%)
NASDAQ FUT.. 14,226.50 (-0.01%)