By: D’ORIGIN – Louisa Rahardjo, Jakarta composite rose alongside with its currency, tracking rally in regional markets after the Fed put rate increases on hold while investors watch another round of earnings release.
Jakarta composite index rose 68.78 points (+1.064%) to 6,532.969 with LQ45 jumped 1.50% at 1,038.973. Trading volume were 23.552 billion shares worth of Rp28.042 trillion including transaction of Rp16.895 trillion in negotiation market. Foreign investors purchased as much as Rp1.48 trillion in regular market. 251 shares rose, while 189 declined, 131 unchanged and 127 untraded.
According to JISDOR, the currency declined 40 points (-0.28%) to 14,072, while Spot rate rose 155 points (+1.097%) to 13,970.00 against the USD.
Stocks in Asia and Europe were mostly higher following the Federal Open Market Committee said in a statement that it will be patient in raising interest rates.
Meanwhile, investors are watching developments out of Brexit and ongoing meetings between Chinese and U.S. negotiators.
On the data front, the market movements came after China’s official data showed that manufacturing activity in January contracted for the second consecutive month. The manufacturing PMI for January was 49.5, higher than the 49.4 reported in the previous month, and the 49.3 expected by analysts.
In Europe, the GfK consumer confidence index in the UK remained unchanged at -14 in January 2018, the lowest since July 2013, compared to market expectations of -15, amid sticky concerns over Brexit negotiations. Other data showed German retail sales slumped 4.3% from a month earlier in December 2018, much worse than market consensus of a 0.6% fall and following an upwardly revised 1.6% increase in the previous month. Year-on-year, retail sales fell 2.1%, compared to an upwardly revised 1.9% growth in November.
Oil prices swung with Brent added 4 cents (+0.06%) at $62.26 per barrel while U.S. West Texas Intermediate crude slipped 11 cents (+0.20%) to $54.12 per barrel.
STOXX.. 3,168.27 (+0.21%)
CAC 40.. 5,006.09 (+0.63%)
DAX.. 11,274.34 (-0.83%)
FTSE.. 6,989.95 (+0.70%)
NIKKEI.. 20,773.49 (+1.06%)
HSI.. 27,942.47 (+1.08%)
SHCOMP.. 2,584.57 (+0.35%)
KOSPI.. 2,204.85 (-0.06%)
S&P/ASX 200.. 5,864.66 (-0.37%)
SENSEX.. 36,130.31 (+1.51%)
STI.. 3,191.29 (+0.53%)
DOW FUT.. 24,981.00 (+0.05%)
S&P FUT.. 2,686.00 (+0.13%)
NASDAQ FUT.. 6,863.50 (+0.38%)