D’ORIGIN Advisory, Louisa Rahardjo and Veni Fitriani – Indonesian stocks soared on Thursday along with its currency despite weaker than expected trade data following Bank Indonesia surprise move raising its benchmark rate for the sixth time this year. All but mining sectors soared with more than a trillion rupiah of foreign funds entered the equity market.
Jakarta composite rose 97.443 points (+1.663%) to 5,955.736 with LQ45 soared 2.20% at 946.233. Trading volume were 11.445 billion shares worth of Rp8.56 trillion including transaction of Rp2.13 trillion in negotiation market. Foreign investors purchased a net Rp1.02 trillion in regular market during midday trade. 238 shares rose, while 164 declined, 145 unchanged and 130 untraded.
Indonesia posted a trade deficit of USD 1.82 billion in October 2018, swinging from a USD 1 billion surplus in the same month a year earlier, missing market consensus of a USD 0.17 billion gap. Exports went up 3.59% to USD 15.80 billion, beating expectations of 1.81% rise. Meanwhile, imports jumped 23.66% to USD 17.62 billion, far above forecasts of a 9.2% gain.
On other news, Bank Indonesia unexpectedly raised its 7-day reverse repurchase rate by 25 bps to 6% on November 15th meeting, after trade balance posted a trade gap in October. Policymakers said the decision to increase the tightening was consistent with efforts to reduce the current account gap to healthy limit, anticipating rising global interest rate, and a continued stabilizing of rupiah. The lending and the deposit facility rates were also raised by 25 bps tot 6.75% and 5.25% respectively.
According to JISDOR, the currency slipped 9 points (-0.06%) to 14,764, while Spot rate jumped 110 points (+0.744%) at 14,675.00 against the USD.
Asian stocks were mostly higher with investors remained worried about global risk. In the meantime, European stock indexes opened higher as investors digest the latest news on Brexit after British Prime Minister Theresa May said on Wednesday that she had obtained enough support from senior members of her Cabinet for a draft Brexit deal to move forward.
Meanwhile, U.S. Federal Reserve Chairman Jerome Powell on Wednesday expressed confidence in U.S. economic strength and said that markets will have to get used to the idea that the central bank could raise rates at any time starting in 2019.
Oil prices extended losses amid concerns over rising supply and slow consumptions. Brent crude added 37 cents (-0.56%) to $66.49 per barrel while U.S. West Texas Intermediate crude futures added 7 cents (+0.12%) to $56.30 per barrel.
STOXX.. 3,211.17 (+0.18%)
CAC 40.. 5,075.02 (+0.12%)
DAX.. 11,439.20 (+0.23%)
FTSE.. 7,068.98 (+0.50%)
NIKKEI.. 21,803.62 (-0.20%)
SHCOMP.. 2,668.17 (+1.36%)
HSI.. 26,103.34 (+1.75%)
TAIEX.. 9,826.46 (+0.35%)
KOSPI.. 2,088.06 (+0.97%)
S&P/ASX 200.. 5,736.02 (+0.06%)
SENSEX.. 35,355.97 (+0.61%)
STI.. 3,051.94 (+0.29%)
DOW FUT.. 25,095.00 (+0.20%)
S&P FUT.. 2,706.75 (+0.31%)
NASDAQ FUT.. 6,812.75 (+0.66%)
2nd SESSION JCI
JCI @5955.74 (+97.443pts) (+1.663%)
(H: 5960.40 ; L: 5880.21)
(Value: 8.560 T (NG 2.133 T)
Volume: 114.445 Lot (NG 51.717 Lot)
(Adv.238 ; Decl.164 ; Unchg.145 shares)
Foreign Nett Buy 1,369.69 B…!!!
Foreign Value 36.0%
Incl.Crossing**
– TUGU @2050 ~ 574.00 B (F vs D)
– KPIG @96 ~ 224.94 B (D vs F)
– MASA @500 ~ 114.78 B (D vs D)
– MABA @321 ~ 113.72 B (D vs D)
LQ45…946.23(+2.21%)
*BUY (Regular)
F Buy 2627.7 B
D Buy 3798.6 B
*SELL (Reguler)
F Sell 1612.4 B
D Sell 4813.9 B
USD/IDR:
JISDOR: 14,755;14,764
SPOT: 14,765 ;14,675
JCI for tomorrow:
Support: 5925, 5890
Resist: 5965, 6000
6 MARKETs DRIVEN BY SECTOR
FINANCE (+1.56%) (2.76 T)
MANUFACTUR (+2.03%) (2.03 T)
INFRASTRUC (+2.78%) (807.51 B)
PROPERTY (+1.54%) (670.65 B)
MINING (-0.21%) (659.05 B)
CONSUMER (+2.08%) (636.27 B)
6 TOP GAINERs
SURE @2350 (+24.67%)
KPAS @585 (+24.47%)
GIAA @238 (+19.00%)
HDTX @197 (+18.67%)
RODA @390 (-18.18%)
YPAS @690 (+15.97%)
6 TOP LOSERs
AKSI @254 (-15.33%)
APEX @1520 (-12.14%)
LPLI @102 (-12.07%)
UNIC @3520 (-9.51%)
PRIM @855 (-8.56%)
KONI @143 (-8.33%)
7 NET BUY STOCKs BY FOREIGNERS
ASII @8401 (270.84 B)
BMRI @7332 (220.87 B)
BBCA @24159 (103.45 B)
TLKM @3889 (100.80 B)
UNTR @34964 (55.73 B)
TKIM @12418 (48.10 B)
SMGR @10337 (40.75 B)
7 NET SELL STOCKs BY FOREIGNERS
WSKT @1467 (18.63 B)
ERAA @1712 (11.04 B)
JSMR @3888 (8.74 B)
BBTN @2274 (8.53 B)
BSDE @1175 (7.72 B)
INKP @11620 (5.70 B)
PNBN @1080 (5.69 B)
8 MOST ACTIVE STOCKs BY VALUE
ASII @8525 (+4.28%)
BMRI @7400 (+3.86%)
BBCA @24175 (+0.52%)
BBRI @3410 (+1.79%)
BBNI @8250 (+2.80%)
PTBA @4700 (-3.69%)
TLKM @3910 (+4.27%)
TKIM @12050 (-2.23%)
8 MOST ACTIVE STOCKs BY VOLUME
MYRX @119 (9.316.012 lot)
RIMO @161 (6.768.654 lot)
TRAM @182 (5.586.739 lot)
IIKP @206 (3.383.095 lot)
BKSL @105 (1.588.443 lot)
GIAA @238 (1.139.020 lot)
BUMI @166 (1.124.593 lot)
KREN @715 (1.073.254 lot)