JCI trades higher; rupiah remains under pressure
• Indonesian stocks rose on Monday while Rupiah retreated. Investors look ahead Indonesia inflation data due tomorrow and continue to monitor earnings.
• Chinese manufacturing activity unexpectedly shrank in October, with the official purchasing managers index falling to 49.2, from September’s reading of 50.1, amid new disruptions from COVID-related lockdowns.
• The Eurozone’s October inflation due later today is expected to remain extremely elevated with a 10.2% year-on-year rise.
Indonesian stocks rose on Monday while Rupiah retreated. Investors look ahead Indonesia inflation data due tomorrow and continue to monitor earnings.
Jakarta composite rose 42.85 points (+0.607%) to 7,098.89 while LQ45 added 0.44% to 1,014.12. There were 22.018 billion shares traded worth of Rp14.171 trillion, including transaction of Rp1.646 trillion in negotiation market. 302 shares rose while 220 declined and 185 unchanged.
According to JISDOR Monday Afternoon, rupiah was at 15,596, tumbled 54 points (0.35%), while spot rate slipped 47 points (0.30%) to 15,595.
On earnings:
- BEST booked Rp36 billion net loss in 3Q22.
- BUKA recorded a net profit of Rp3,62 trillion in the third quarter. Jumped 423% from the same period last year of a net loss of Rp1.12 trillion.
- BNBR recorded Rp121,70 billion, soared 329% from the same period last year.
- PANS recorded a net profit of Rp231.08 billion. Up 139% from the same period last year of Rp96.56 billion.
- RALS net profit soared 189% to Rp298 billion in 3Q22.
Global Markets
Asian stocks were mostly higher on Monday amid some hopes that the US Federal Reserve will curb its pace of interest rate hikes this year, although bourses in China lagged after data showed a surprise fall in business activity.
Meanwhile, European equity markets opened largely lower after weak Chinese factory activity data and ahead of the release of key Eurozone inflation data.
Chinese manufacturing activity unexpectedly shrank in October, with the official purchasing managers index falling to 49.2, from September’s reading of 50.1, amid new disruptions from COVID-related lockdowns.
Elsewhere, Australia’s retail sales rose 0.6% in September from August, official data showed, in line with expectations in a Reuters poll and at the same pace reported in the previous monthly period.
In Europe, German retail sales rose 0.9% on the month in September, a drop of 0.9% on the year.
The Eurozone’s October inflation due later today is expected to remain extremely elevated with a 10.2% year-on-year rise.
Japan will announce on Monday that it spent what was likely a record amount on currency intervention this month to prop up the yen, with market players keen for clues about how much further the authorities might step in to ease the yen’s sharp fall.
UK Prime Minister Rishi Sunak might extend the foreign aid spending cut by another two years to 2026-2027 as the government draws up spending cuts and cancels tax cuts to ease the squeeze on household budgets caused by higher costs of living, according to a Telegraph report.
US Stock futures were lower. Yet, the Dow Jones Industrial Average poised to clinch its best month in decades.
Commodity markets
Oil prices fell following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. Meanwhile, some of the largest US oil producers on Friday signalled that productivity and volume gains in the Permian Basin, the nation’s top shale field, are slowing.
Gold prices subdued ahead of a highly-anticipated US Federal Reserve meeting. The metal was also pressured by a slight rebound in the dollar and Treasury yields as underlying inflationary pressures in the US remain elevated. In the meantime, copper prices sank as weak manufacturing data from China pointed to more woes for the world’s largest copper importer.
Natural gas jumped more than 8% as Russia’s defence ministry said on Saturday that British navy personnel blew up the Nord Stream gas pipelines last month, a claim that London said was false and designed to distract from Russian military failures in Ukraine.
Crude Oil WTI.. 87.22 (-0.77%)
Brent Oil.. 93.10 (-0.71%)
Natural Gas.. 6.15 (+8.16%)
Gold.. 1,639.10 (-0.35%)
Silver.. 18.96 (-0.98%)
Copper.. 3.38 (-1.41%)
Nickel.. 22,049.00 (-0.38%)
Major index this afternoon:
STOXX 50.. 3,608.39 (-0.13%)
CAC 40.. 6,249.86 (-0.37%)
DAX.. 13,224.46 (-0.14%)
FTSE.. 7,034.11 (-0.19%)
NIKKEI.. 27,587.46 (+1.78%)
HSI.. 14,687.02 (-1.18%)
SHCOMP.. 2,893.48 (-0.77%)
TAIEX.. 12,949.75 (+1.26%)
KOSPI.. 2,293.61 (+1.11%)
S&P/ASX 200.. 6,863.50 (+1.15%)
SENSEX.. 60,550.10 (+0.98%)
STI.. 3,097.72 (+1.26%)
DOW FUT.. 32,737.00 (-0.48%)
S&P FUT.. 3,885.75 (-0.65%)
NASDAQ FUT.. 11,489.50 (-0.84%)
2nd SESSION JCI on 31.10.2022
JCI @ 7098.89 (+42.850 pts) (+0.607%)
(H: 7113.11 ; L: 7051.43)
(Value: 14.020 T (NG 1.646 T)
Volume: 197.128 Lot (NG 14.462 M Lot)
(Adv. 302; Decl. 220; Unchg. 185 shares)
Incl.Crossing**
SMMA @ 9689 ~ 410.41 B
BBCA @ 8809 ~ 112.28 B
IDXHIDIV20…587.18 (+0.94%)
IDX30…532.92 (+0.42%)
IDX80…142.98 (+0.66%)
LQ45…1014.12 (+0.44%)
USD/IDR:
JISDOR : 15,542 ; 15,596
SPOT: 15,590 ; 15,595
JCI for tomorrow:
Support : 7050 ; 7020
Resist : 7120 ; 7140
8 MARKETs DRIVEN BY SECTOR
IDXBASIC (+1.66%) (1.10 T)
IDXENERGY (+2.17%) (2.80 T)
IDXFINANCE (+0.85%) (5.06 T)
IDXHEALTH (-0.61%) (665.60 B)
IDXINDUST (-0.90%) (639.05 B)
IDXINFRA (+0.71%) (952.11 B)
IDXPROPERT (+0.38%) (225.08 B)
IDXTECHNO (-0.68%) (333.44 B)
7 INDEX MOVER FOR LQ45
BBCA @ 8800 (+0.57%)
BBRI @ 4650 (+0.43%)
GOTO @ 186 (-1.59%)
TLKM @ 4390 (-1.35%)
BMRI @ 10.550 (+3.43%)
ASII @ 6650 (+1.53%)
TPIA @ 2440 (+1.24%)
7 TOP GAINERs
MPRO @ 1405 (+24.89%)
SRAJ @ 412 (+24.10%)
CLAY @ 755 (+22.76%)
SAMF @ 472 (+14.56%)
PANR @ 386 (+12.87%)
MIDI @ 3260 (+11.26%)
MAPA @ 3200 (+11.11%)
7 TOP LOSERs
MBAP @ 8050 (-6.94%)
MTWI @ 188 (-6.93%)
PKPK @ 296 (-6.92%)
SINI @ 244 (-6.87%)
ABMM @ 3950 (-6.84%)
UNVR @ 4640 (-6.83%)
DAYA @ 246 (-6.82%)
8 MOST ACTIVE STOCKs BY VALUE
BBRI @ 4650 (+0.43%)
BBCA @ 8800 (+0.57%)
BMRI @ 10550 (+3.43%)
BUMI @ 189 (+3.85%)
TLKM @ 4390 (-1.35%)
UNVR @ 4640 (-6.83%)
TCPI @ 10275 (+1.99%)
PGAS @ 1975 (+3.40%)
8 MOST ACTIVE STOCKs BY VOLUME
BUMI @ 189 (34,046,432 Lot)
ZINC @ 60 (10,095,733 Lot)
BIPI @ 135 (8,910,646 Lot)
CARS @ 91 (7,014,345 Lot)
GOTO @ 186 (6,129,493 Lot)
BRMS @ 181 (5,417,966 Lot)
PNLF @ 635 (4,631,918 Lot)
ELSA @ 376 (3,886,935 Lot)