Nice week for JCI, week increases by 2.09%

Jakarta, CNBC Indonesia – Despite the weakening sure the day first trade this week, the composite index of stock prices (CSPI) able to strengthen for four consecutive days with a total increase of 2.09%. Feeling overall positive as well as domesticated able to has become a badping factor for JCI.

Postman Global United States (US) become a weighted JCI the day first. Adropped Wall Street Friday (26/10/2018) undermined the strengthening of JCI. At that time, the Dow Jones plunged 1.19%, the S & P 500 1.73% and Nasdaq 2.06%.

Wall Street did not react to the correction of Amazon stocks (-7.82%) and Alphabet (-1.8%). Both shares were released by investors due to the disappointing financial results of the third quarter of 2018.

Then, the positive feeling of the Asian region could trigger the rise of JCI that day. second, the encouragement to buy shares of the regional stock market helped green the main Asian market.

The positive publication of economic data in Japan has proved effective in raising regional stock markets. The unemployment rate at the end of September had been announced at 2.3%, which is below the consensus of 2.4%.

There is also fresh air from South Korea. On Monday (29/10/2018), South Korean authorities and financial institutions announced their willingness to cooperate to increase the South Korean stock market by providing KRW 500 billion (US $ 439.1 million) financing. by injecting it into the stock market in early November.

In addition, the positive sentiment of US trade and the compact Asian region was the trigger for the increase in JCI during the day. third. Market participants benefit from the momentum generated by the publication of the slender financial performance of ASII and BMRI.

In the third quarter of 2018, ASII achieved a turnover of 62.3 trillion rubles, exceeding the consensus reached by Refinitiv for 61.99 billion rubles. At the same time, net profit was recorded at 6.69 billion rupees, exceeding badysts' expectations by only 5.53 billion rupees.

At the same time, BMRI recorded net interest income (net interest income (NIM) of 13.9 trillion rubles, exceeding Refinitiv's consensus of 13.6 trillion rubles. was recorded at 5.9 billion rupees, also higher than the estimate of 5.3 billion rupees.

Strengthen JCI was cut off the day Fourth, after the Central Statistics Agency (BPS) reported 0.28% month-on-month inflation in October 2018, up from CNBC Indonesia consensus of 0.17% mom.

Prior to the release of inflation figures, JCI rose 0.41% to 5,855.44, before falling back to the level of 5,835.92 at the end of Session 2.

Foreign investors have started to re-enter the Indonesian stock market. Its activity is reflected in today 's transactions with a net purchase of 1.16 trillion rupees in all markets.

The day fifthJCI began trading with a 0.64% increase. This evolution was influenced by the global economy, which tended to be favorable as US President Donald Trump was to meet Chinese President Xi Jin ping.

The national benchmark stock market also received additional energy at the end of the transaction. The government, through the Minister of Finance, announced that the excise tax on cigarettes of 2019 would be the same as in 2018. This has created a positive feeling in the economy. cigarette industry. The GGRM recorded a 6.6% increase, the HMSP jumped by 4.1%.

Although it rose 1.2% on the fifth day, in fact JCI only to be the best secondbelow the Vietnam Stock Exchange which rose 1.86%. Same ranked 4 if seen weekly.

After the Singapore Stock Exchange (+ 4.5%), Vietnam (4.1%) and Thailand (2.8%). We see, increase in spaceJCI next week quite open considering the speed is not as fast as other exchanges in Southeast Asia.

CNBC RESEARCH TEAM INDONESIA (yam / dru)