MARKET REVIEW
Indonesia’s JCI gained 0.37% to 6,526 after touching 6,552 early before fading. Buying in banks was key: BBRI, BMRI, BBNI and BBCA added 28 index points. Their support outweighed weakness in health care, technology and property, while July’s 13.0% credit growth reinforced the domestic-growth backdrop.
Asian markets were mixed despite Wall Street’s retreat and higher Treasury yields. Hang Seng rose 1.21%, KOSPI gained 0.88% and Shenzhen added 0.49%, with Samsung and SK Hynix supporting Korea’s chip complex. Nikkei slipped 0.30% as technology and biotechnology names lagged, limiting the regional risk-on signal available to Jakarta.
European markets opened firmer, with FTSE 100 up 0.20% and Euro Stoxx 50 gaining 0.37%, led by banks and mining stocks as gold strengthened on a weaker dollar. The improvement remained tentative: higher oil prices and the Iran conflict continue to sustain inflation and yield risks. Brent edged 0.18% higher to USD 93.78/barrel.
NEWS HIGHLIGHTS
- BI – M2 Growth Slows to 8.3%
- FTSE – Removes 29 Global Securities
- Domestic – Current Account Deficit Widens
- Commodity Sector – CPO Eyes MYR 5,000
- BBTN – Targets Daily Digital Payments
- BSDE – Demoted From FTSE Mid Cap
- BUMI – Wins Loyal Metals Approval
- BWPT – Transfers 402.92m Treasury Shares
- INPP – Pays Interim Dividend
- MKNT – Plans Debt Conversion Placement
- SINI – Targets Positive Equity
- TBIG – Adds Network Access Point
- TPIA – Buys Cycle & Carriage Business
Regards, Aldiracita Research
