MARKET REVIEW
The JCI rebounded 5.65% to 5,279 as investors welcomed the exchange’s swift response to MSCI’s standalone-market warning, including plans to exclude 80 high shareholding concentration stocks from the index calculation and tighter disclosure of shareholder affiliations. Big banks led the recovery, with BBRI, BMRI and BBCA up 7.9-9.8%, while TLKM jumped 16.38% on its accelerated buyback, although foreign investors still sold a net IDR 2.19tn.
Asian markets mostly fell. The KOSPI slumped 3.73%, while the Hang Seng and Nikkei dropped 1.32% and 1.30%, respectively, and India’s Sensex lost 1.17%. Thailand’s SET fell 1.07% and the ASX 200 eased 0.33%, while China’s Shenzhen and Shanghai composites edged up 0.34% and 0.12%.
European markets opened lower. The Stoxx 600 slipped 0.18%, Germany’s DAX fell 0.40% and France’s CAC 40 declined 0.33%, while the FTSE 100 was flat at -0.01%.
NEWS HIGHLIGHTS
- Global – Houthi Attacks Lift Oil Supply Fears
- OJK – Vows Tough Action on Manipulation
- APBN – Q4 Spending to Reach IDR 1,300tn
- Domestic – Upstream Revenue Seen Beating Target
- Coal Sector – Government Eyes Limited Output Relaxation
- AADI – Starts IDR 5tn Share Buyback
- MLIA – Rebuilds One of Three Glass Furnaces
- TLKM – Accelerates IDR 4tn Share Buyback
- WIFI – Affiliate Takes 26.67% Stake
- WTON – Ships Sleepers for Manila Subway
Regards, Aldiracita Research
