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Daily Market Wrap

December 20, 2024

20 December 2024
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December 20, 2024

NEWS

  • The Bank of Japan kept its benchmark interest rate at 0.25% and the Bank of England also held its benchmark interest rate at 4.75%.
  • Japan's core CPI in November recorded an increase of 2.7% YoY, above the estimate of 2.6%.
  • Jobless claims in the United States based on the publication of December 14 were recorded at 220 thousand, below the estimate of 230 thousand.

MARKET UPDATE

  • Indonesian stock market weakened with JCI declining by 1.84%.
  • The biggest contributors: BYAN (1.50%), AMMN (1.13%), PGEO (7.22%)
  • Biggest weakening contribution: BMRI (-2.58%), TPIA (-3.62%), BBCA (-1.28%)
  • Indonesian bond market weakened with ICBI declining by 0.05%.
  • The 10-year government bond yield rose to 7.08% from 7.07%.
  • Rupiah exchange rate against US dollar weakened to IDR16,277/USD from IDR16,100/USD.
  • Indonesia's 5-year CDS rose to 77.27 from 75.47.


Source : Bloomberg, Infovesta

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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.