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Daily Market Wrap

November 22, 2024

22 November 2024
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November 22, 2024

NEWS

  • Indonesia's current account deficit was recorded at USD -2.1bn, narrower than the survey of USD -2.9bn.
  • Core consumer prices in Japan rose 2.3% YoY in October, above the 2.2% estimate. The headline CPI index also rose 2.3% YoY in line with estimates.
  • Singapore's final 3rd quarter GDP increased 3.2% QoQ, above the 2.7% estimate.
  • Crude oil prices rose significantly after Ukraine reported an attack from Russia.


MARKET UPDATE

  • Indonesian stock market weakened with JCI declining by 0.55%.
  • The largest weakening contributors: BBCA (-2.23%), BBRI (-1.85%), BREN (-2.96%)
  • Biggest supporting contribution: BYAN (5.56%), TLKM (3.36%), BRMS (2.76%)
  • Indonesian bond market weakened again with ICBI declined by 0.06%.
  • The 10-year government bond yield remained at 6.89%.
  • The Rupiah to US dollar exchange rate weakened to IDR15,942/USD from IDR15,858/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.