aboutNews

Daily Market Wrap

December 19, 2024

19 December 2024
  • download
December 19, 2024

NEWS

  • Bank Indonesia decided to maintain interest rates at 6.00% with a focus on strengthening the stability of the Rupiah exchange rate. (Bank Indonesia)
  • The Fed cut its benchmark interest rate by 25bps with a target range of 4.25%-4.50%.
  • Dollar index jumped significantly to the highest level since November 2022 after the Fed announcement.

MARKET UPDATE

  • The Indonesian stock market weakened with the JCI declining by 0.70%.
  • The biggest contributors: BREN (1.99%), ADRO (3.19%), CUAN (3.95%)
  • Biggest weakening contribution: BMRI (-2.10%), BYAN (-2.32%), BBCA (-1.01%)
  • Indonesian bond market weakened with ICBI declining by 0.03%.
  • The 10-year government bond yield rose to 7.07% from 7.06%.
  • Rupiah exchange rate against US dollar weakened to IDR16,100/USD from IDR16,050/USD.
  • Indonesia's 5-year CDS rose to 75.47 from 73.72.


Source : Bloomberg, Infovesta

---

DISCLAIMER :
INVESTMENT IN MUTUAL FUNDS INVOLVES RISKS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. BEFORE INVESTING, PLEASE CAREFULLY READ AND UNDERSTAND THE PROSPECTUS.

This document was prepared by PT KB Valbury Asset Management based on information from reliable sources. PT KB Valbury Asset Management does not guarantee the accuracy, adequacy or completeness of the information and materials provided. PT KB Valbury Asset Management Indonesia is not responsible for any legal and financial consequences arising from actions taken based on this document, whether suffered by any person or party.