Jakarta, CNBC Indonesia – Stocks and the rupiah exchange rate recorded an impressive performance in yesterday’s trading, Tuesday (9/3/2022). Meanwhile, the government bond (SBN) market tends to be varied.
The Composite Stock Price Index (JCI) ended with a 0.74% gain at 6,864.44 yesterday. The index has consistently moved in the green zone since trading opened.
Foreign investors recorded a net buy of Rp 760 billion in the regular market. The shares of PT Astra International Tbk (ASII) were again bought up by foreigners at a jumbo value. The foreign net buy in ASII reached Rp 209 billion and its share price rose 0.8%.
The shares of PT Bank Rakyat Indonesia Tbk (BBRI) were also bought by foreigners with a net buy of Rp 170 billion. The stock price of this state-owned bank also rose 3.16% by the end of the session.
The total transaction value today is quite jumbo to Rp 31.26 trillion. It turned out that foreigners were observed to be net selling in the negotiating market with jumbo values. Trade data recorded a net foreign sell of Rp 12.08 trillion in the negotiated and cash markets. In the regular foreign market, it was observed that there was a net buy of almost Rp 760 billion.
The rupiah exchange rate strengthened two days in a row against the United States (US) dollar. Not only strengthened, the rupiah even became the best in Asia yesterday.
During yesterday’s trading, the rupiah never entered the red zone, causing the middle rate of Bank Indonesia (BI) or the Jakarta Interbank Spot Dollar Rate (Jisdor) to also strengthen 0.16% to Rp. 14,371/US$.
The positive catalyst for domestic risk assets is the easing of the Russia-Ukraine conflict. Russia declared a ceasefire with Ukraine on Tuesday evening local time. This was done to evacuate the civilian population. Although it seems temporary, market participants responded positively to these developments.
It’s just that domestic SBN prices tend to vary. The yield of the 10 -year reference SBN was observed to have a slight decrease of 0.1 bps at the level of 6.79% while the yield of the 5 -year SBN increased 5.4 bps to the level of 5.61%.
Domestically, Bank Indonesia (BI) reported that the Consumer Confidence Index (IKK) in February 2022 still reflected optimism despite a decline of 6.8 points from January 2022 to 113.1.
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