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Daily Market Wrap

November 26, 2024

26 November 2024
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November 26, 2024

NEWS

  • The Ministry of Home Affairs, the Ministry of PKP, and the Ministry of Public Works have officially agreed on a legal umbrella to abolish BPHTB for housing for low-income people.
  • US President-elect Donald Trump said he would impose a 25% tariff on Canadian and Mexican goods.
  • Gold and crude oil prices fell significantly after Israel said it was getting closer to a ceasefire deal with Hezbollah.


MARKET UPDATE

  • Indonesian stock market rallied with JCI rising by 1.65%.
  • The biggest gainers contribution: TPIA (14.17%), BMRI (5.20%), BBCA (3.30%)
  • Biggest weaker contribution: AMMN (-4.46%), GOTO (-2.56%), BRMS (-4.52%)
  • The Indonesian bond market moved sideways with ICBI showing very little change (0.00%).
  • The 10-year government bond yield slightly declined to 6.90%.
  • The Rupiah exchange rate against the US dollar strengthened slightly to IDR 15,864/USD from IDR 15,911/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.