MARKET REVIEW
The JCI rebounded 1.04% to 6,094, recovering part of the previous session’s 1.88% slide as buyers returned to heavyweights after heavy selling. BBRI, AMMN, TLKM and BBCA contributed most of the gain, ten of eleven sectors closed higher led by basic materials, and a firmer rupiah after the September budget release added support.
Asian markets were mixed as oil eased after President Trump dismissed plans to strike Iran before the US midterms. The Hang Seng rose 1.79%, the Sensex 1.23% and the ASX 200 0.64%, while the KOSPI fell 2.62% and the Nikkei 225 was flat.
European markets opened higher, with the STOXX 600 up 0.34%, the CAC 40 gaining 0.80% and the DAX 40 adding 0.69%, while the FTSE 100 was flat.
NEWS HIGHLIGHTS
- BI – Retail Sales Growth Edges Higher
- APBN – September Deficit Reaches IDR 319tn
- APBN – Sugary Drink Excise Set for 2027
- Danantara – To Step Up Domestic Investment
- Domestic – Perpres to Shift Whoosh Debt
- BIKE – Acquires 72% of Berau Coal Miner
- BUMI – Leads Race for INDY’s Kideco
- MAHA – Wins IDR 2.2tn Coal Hauling Contract
- MERK – Refocuses After P&G Contract Ends
- UNTR – Targets Stronger Second Half
Regards, Aldiracita Research
