D’ORIGIN Advisory, Louisa Rahardjo – Indonesian stocks were flat on midday Friday with investors continued focus on third quarter earnings.
Jakarta composite slipped 3.628 (-0.062%) to 5,841.614 while LQ45 fell 0.41% at 916.506. Trading volume were 4.891 billion shares worth of Rp2.553 trillion including transaction of Rp216.43 billion in negotiation market. Foreign investors sold a net Rp105.07 billion in regular market during midday trade. 156 shares rose, while 188 declined, 129 unchanged and 195 untraded.
According to JISDOR, the currency slipped 34 points (-0.22%) to 15,221 while spot rate fell 18 cents (-0.12%) at 15,210.00 against the USD.
Asian stocks Asian stocks were lower following weak economic data in Japan and China.
The Chinese economy grew by 1.6% quarter-on-quarter in the three months to September 2018, compared to a 1.8% expansion in the previous period and matching market estimates. Meanwhile, the economy advanced 6.5% year-on-year in the third quarter of 2018, after a 6.7% growth in the previous period and missing market consensus of 6.6%. It is the lowest growth rate since the first quarter of 2009, amid intense tariff dispute with the US.
In japan, consumer price inflation edged down to 1.2% year-on-year in September 2018 from 1.3% in the previous month, while core inflation, which strips away the effect of volatile fresh food costs, rose 1.0% in September from a year earlier, matching a median market forecast and ticking up from 0.9% in August.
Oil prices edged up with Brent crude added 12 cents (+0.15%) at $79.41 per barrel while U.S. West Texas Intermediate crude futures rose 8 cents (+0.12%) at $68.73 per barrel.
NIKKEI.. 22,392.15 (-1.17%)
SHCOMP.. 2,485.99 (-0.02%)
HSI.. 25,366.76 (-0.34%)
TAIEX.. 9,896.59 (-0.57%)
KOSPI.. 2,145.26 (-0.14%)
S&P/ASX 200.. 5,931.70 (-0.18%)
SENSEX.. 34,379.58 (-1.15%)
STI.. 3,062.37 (-0.24%)
DOW FUT.. 25,417.00 (+0.14%)
S&P FUT.. 2,779.00 (+0.24%)
NASDAQ FUT.. 7,171.75 (+0.48%)