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Daily Market Wrap

November 21, 2024

21 November 2024
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November 21, 2024

NEWS

  • Bank Indonesia maintained its BI rate at 6.00% in line with expectations and indicated that Rupiah stability remains a priority.
  • UK consumer price inflation accelerated in October to 2.3% from 1.7% in September. This was above expectations of 2.2%.
  • Based on the latest survey from JCCI in China, about 64% of Japanese companies in China said that China's economy is currently worse than the previous year.

MARKET UPDATE

  • Indonesian stock market weakened with JCI declining by 0.21%.
  • The largest weakening contributors: TLKM (-3.60%), GOTO (-2.70%), BBRI (-0.69%)
  • Biggest supporting contribution: BBCA (1.51%), AMMN (1.04%), DSSA (2.84%)

  • Indonesian bond market was sideways with ICBI declined by 0.05%.
  • The 10-year government bond yield rose to 6.89%.
  • The Rupiah exchange rate against the US dollar weakened to IDR 15,858/USD from IDR 15,816/USD on the previous day.


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.