*Indonesian stocks gain despite losses in global markets as inflation fuels fear for Fed rate hikes *
– Unemployment applications in U.S unexpectedly jump to 230,000
– China’s exports grew by 29.9% in 2021 compared to the previous year, while imports last year grew by 30.1 per cent over the same period
– More than Rp3 trillion of foreign net purchase in Indonesia equity were recorded along the week
– UK economy grew by 0.9% in November
Indonesian stocks end higher on Friday despite losses in global markets after red hot U.S. inflation dragged down equity markets.
Meanwhile, foreign inflows continue with more than Rp3 trillion net purchase were recorded along the week.
IDXTECHNO index soared 4.31% with DCII and EMTK jumped in Friday trade. DCII raised Rp145.94 billion from IPO. Throughout 2021, the company had spent IDR 140.07 billion. During 2021, the share price of DCII had increased 10,370.24% from IPO price.
Jakarta composite rose 35.045 points (+0.526%) to 6,693.401. LQ45 climbed 0.25% to 952.95. There were 16.371 billion shares traded worth of Rp10.968 trillion, including transaction Rp1.628 trillion in negotiation market. 230 shares rose while 295 declined and 155 unchanged. Foreign net purchase were Rp371.14.
After Djarum group, Lazada is now reportedly to acquire ERAA. Rumour has it, the acquisition of ERAA by Lazada will not directly carried out by the Alibaba Group, but through the Salim Group.
On currency, according JISDOR released Thursday afternoon, Rupiah added 1 point to 14,310 while Spot rate slipped 5 points (-0.03%) to 14,295.
A powerful 6.7-magnitude earthquake struck off Indonesia’s Java island prompting some residents in the capital Jakarta to flee from buildings in panic. Indonesia’s meteorology agency said the earthquake hit 52 km off Banten province at a depth of 10 km, but did not have the potential to cause a tsunami.
International
Asian and European shares were lower Friday after a retreat on Wall Street that left the Nasdaq composite down 2.5%. Investors are continuing to be concerned that the worst is yet to be seen in terms of inflation.
U.S. initial unemployment claims totaled 230,000 in the week ended Jan. 8, up 23,000 from the prior period. Separately, the U.S. producer price index grew 9.7% year-on-year and 0.2% month-on-month in December. The core PPI grew 0.5% month-on-month and 8.3% year-on-year.
China’s trade surplus widened sharply to an all-time high of $94.46 billion in December 2021 from $75.8 billion in the same month a year earlier, easily beating market forecasts of $74.5 billion. Export extended their double-digit growth for the 15th month running, increasing by 20.9% from a year earlier, while imports rose at a softer 19.5%. For full year 2021, the trade surplus widened to $676.8 billion from $535 03 billion in 2020.
The Bank of Korea raised interest rates on Friday for the third time since the summer. South Korea’s central bank has hiked its key interest rate to 1.25%, up 25 basis points amid rising global inflationary pressure.
The UK economy has recovered to its pre-pandemic level, after a surge of growth in November with GDP grew by 0.9% as the economy picked up after slowing to just 0.2% in October. This figure is 0.7% above its level in February 2020, just before the first wave of Covid-19 pandemic hit.
The UK posted a trade surplus of GBP 630 million, above GBP 150 million in the previous month. It was the largest trade surplus since May. Exports surged 4.6% to a 22-month high of GBP 57.1 billion while imports rose at a softer 3.8% to an 11-month high of GBP 56.4 billion.
On coronavirus in Europe, Germany reported Thursday another record of more than 81,000 Covid-19 infections in a day, Hungary announced plans to make a fourth Covid shot available as cases soar, and the French Senate approved the government’s latest measures to tackle the virus, including a controversial vaccine pass.
U.S. Treasury yields climbed as investors remained focused on hawkish comments from Federal Reserve officials.
Commodity
Oil futures rose on Friday and were set for a fourth week of gains, boosted by supply constraints and a weaker dollar, though China has also posted its first annual decline in crude oil imports in two decades. Brent crude futures rose 92 cents (+1.09%) to $85.39 while U.S. crude markets rose 69 cents (+0.84%) to $82.81.
Indonesia said on Thursday it would allow 37 vessels loaded with coal to depart, in the strongest sign yet that the world’s biggest thermal coal exporter is relaxing its ban on shipments.
Gold was up on Friday morning in Asia and was set for its best weekly gain since November 2021.
On economic calendar next week:
– China is likely to post its weakest economic growth in more than a year when it releases quarterly data Monday. The country will also release retail sales and industrial production data.
– Indonesia trade balance due Monday
– Bank of Japan will release interest rate decision on Tuesday.
– Final Reading of inflation data for Germany and UK will be released on Wednesday along with euro zone current account.
– On Thursday, there will be Japan trade balance and Bank Indonesia policy decisions followed by U.S. home sales.
– Japan’s inflation rate and UK retail sales are due Friday.
Major index this afternoon:
STOXX 50.. 4,270.77 (-1.05%)
CAC 40.. 7,137.50 (-0.88%)
DAX.. 15,911.92 (-0.75%)
FTSE.. 7,534.48 (-0.39%)
NIKKEI.. 28,124.28 (-1.28%)
SHCOMP.. 3,521.26 (-0.96%)
HSI.. 24,366.72 (-0.26%)
TAIEX.. 18,403.33 (-0.18%)
KOSPI.. 2,921.92 (-1.36%)
S&P/ASX 200.. 7,393.86 (-1.08%)
SENSEX.. 61,079.74 (-0.25%)
STI… 3,278.64 (+0.66%)
DOW FUT.. 36,081.00 (+0.26%)
S&P FUT.. 4,660.25 (+0.18%)
NASDAQ FUT.. 15,509.60 (+0.12%)
JCI @6693.40 (+35.045pts) (+0.526%)
(H: 6699.41 ; L: 6631.05)
(Value: 10.876 T (NG 1.628 T)
Volume: 161.722 Lot (NG 16.054 M Lot)
(Adv.226 ; Decl.292 ; Unchg.153 shares)
Foreign Nett Buy 167.39 B…!!!
Foreign Value 24.6%
Incl.Crossing**
– BEBS @4420 ~ 707.20 B (D vs D)
– BOGA @1365 ~ 137.87 B (D vs D)
– BBRI @4187 ~ 135.54 B (F vs F)
IDXHIDIV20…479.66(+0.34%)
IDX30…509.74(+0.24%)
LQ45…952.95(+0.25%)
*BUY (Regular)
F Buy 2492.3 B
D Buy 6770.5 B
*SELL (Regular)
F Sell 2121.2 B
D Sell 7141.7 B
USD/IDR:
JISDOR: 14,311 ; 14,310
SPOT: 14,310 ; 14,295
JCI for Next Monday:
Support : 6685, 6660
Resist : 6710, 6735
8 MARKETs DRIVEN BY SECTOR
IDXBASIC (-0.82%) (1.87 T)
IDXENERGY (+0.98%) (1.52 T)
IDXFINANCE (+0.69%) (3.66 T)
IDXHEALTH (-0.37%) (466.34 B)
IDXINDUST (+0.44%) (458.33 B)
IDXINFRA (-0.25%) (677.92 B)
IDXPROPERT (+0.09%) (210.05 B)
IDXTECHNO (+4.32%) (447.56 B)
7 INDEX MOVER FOR LQ45
BBCA @7850 (+1.95%)
BBRI @4180 (-0.24%)
TLKM @4190 (+0.24%)
BMRI @7175 (+0.70%)
ASII @5725 (-0.87%)
TPIA @7500 (-0.66%)
UNVR @4220 (-1.17%)
7 TOP GAINERs
BAPA @110 (+34.15%)
BOLT @940 (+24.50%)
SNLK @815 (+24.43%)
SINI @296 (+24.37%)
FUJI @745 (+22.13%)
AMAG @408 (+18.60%)
INDX @212 (+18.44%)
7 TOP LOSERs
IDEA @123 (-8.89%)
PEGE @930 (-7.00%)
TECH @5650 (-7.00%)
IFSH @2000 (-6.98%)
BBHI @6025 (-6.95%)
SBMA @402 (-6.94%)
VOKS @188 (-6.93%)
8 NET BUY STOCKs BY FOREIGNERS
BBCA @7776 (220.90 B)
ARTO @17972 (120.13 B)
ADRO @2288 (113.68 B)
UNTR @23302 (75.00 B)
AMRT @1090 (21.10 B)
NATO @750 (19.09 B)
PTBA @2824 (18.55 B)
EMTK @2072 (16.45 B)
8 NET SELL STOCKs BY FOREIGNERS
BBYB @2314 (78.79 B)
ANTM @1947 (39.77 B)
TBIG @2899 (28.63 B)
BUKA @397 (17.88 B)
HRUM @10900 (16.62 B)
HEAL @1113 (15.87 B)
ASII @5732 (15.71 B)
BBRI @4186 (14.33 B)
8 MOST ACTIVE STOCKs BY VALUE
ARTO @18575 (+6.91%)
BBCA @7850 (+1.95%)
BBRI @4180 (-0.24%)
ADRO @2270 (-0.44%)
ADMR @790 (+7.48%)
BBYB @2290 (-6.15%)
MDKA @4040 (+0.25%)
ANTM @1950 (-0.76%)
8 MOST ACTIVE STOCKs BY VOLUME
BIPI @50 (11.109.048 lot)
FREN @92 (9.856.184 lot)
BAPA @110 (4.521.214 lot)
BUKA @392 (4.297.921 lot)
CARE @500 (4.008.766 lot)
ADMR @790 (3.786.682 lot)
RBMS @100 (3.750.237 lot)
ZINC @81 (3.472.325 lot)