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Daily Market Wrap

November 28, 2024

28 November 2024
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November 28, 2024

NEWS

  • The results of the Jakarta regional election quick count from several survey institutions showed that the pair Pramono Anung and Rano Karno won with a percentage of votes around 49-50%.
  • The Bank of Korea surprisingly cut its benchmark interest rate by 25bps to 3.00%.
  • The Fed's preferred inflation indicator, the core PCE price index, rose 2.8% YoY and 0.3% MoM in October.


MARKET UPDATE

  • Indonesian stock market weakened with JCI declining by 0.93%.
  • The largest weakening contributors: BMRI (-2.66%), BBCA (-1.72%), BBRI (-1.57%)
  • Biggest supporting contribution: DSSA (4.57%), PANI (7.80%), BRPT (2.87%)
  • Indonesian bond market weakened with ICBI declining by 0.10%.
  • The 10-year government bond yield rose slightly to 6.92%.
  • The Rupiah exchange rate against the US dollar weakened to IDR15,930/USD from IDR15,864/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.