aboutNews

Daily Market Wrap

November 29, 2024

29 November 2024
  • download
November 29, 2024

NEWS

  • The government agreed to reduce airfares for domestic flights by 10% over the Christmas and New Year period.
  • Japan's industrial output increased by 3.0%, below the estimate of 4.0%.
  • Bond sales in Europe reached €1.705 trillion, breaking the annual record.


MARKET UPDATE

  • Indonesian stock market weakened with JCI declining by 0.63%.
  • The largest weakening contributors: ADRO (-24.80%), BBRI (-1.59%), TPIA (-2.44%)
  • Biggest supporting contribution: AMMN (1.65%), BMRI (0.78%), BBNI (1.52%)
  • The Indonesian bond market rallied with an increase in ICBI by 0.11%.
  • The 10-year government bond yield fell to 6.90% from 6.92%.
  • The Rupiah exchange rate against the US dollar strengthened to IDR 15,864/USD from IDR 15,930/USD.
  • Indonesia's 5-year CDS fell to 75.28 from 75.34.


Source : Bloomberg, Infovesta

---

DISCLAIMER :
INVESTMENT IN MUTUAL FUNDS INVOLVES RISKS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. BEFORE INVESTING, PLEASE CAREFULLY READ AND UNDERSTAND THE PROSPECTUS.

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.