Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) and the compact rupiah weakened on Monday (17/1/2022), amid the release of economic data from China and Indonesia.
According to data from the Indonesia Stock Exchange (IDX), the JCI closed down 0.72% to a level of 6,645.048. At the beginning of the first trading session, the JCI had strengthened and touched its daily highest level at 6,711,822 at 09:00 WIB.
However, the strengthening of the JCI did not last long. A few minutes after opening, the JCI immediately reversed its direction to the red zone until the closing of yesterday’s trading.
Trade data recorded that the JCI transaction value yesterday only reached Rp 9.8 trillion. A total of 203 stocks rose, 340 stocks fell, and 137 stocks fell.
Even though the transaction value has declined again, foreign investors are still doing net buying (net buy) of IDR 284 billion in the regular market.
The JCI correction occurred in the midst of varied movements in major Asian markets, where the South Korean KOSPI index led the correction by 1.09%. In contrast, Japan’s Nikkei led the rally by 0.74%.
Market participants in Asia reacted mixed to the release of China’s Gross Domestic Product (GDP) which grew 4% per quarter IV-2021, or better than market expectations in a poll. Reuters which predicts growth of 3.6% on a yearly basis.
However, the achievement in the last quarter of last year still slowed compared to GDP growth in the third quarter of 2021 which rose 4.9% (on an annual basis). On the other hand, December retail sales grew only 1.7% or far below market expectations of 3.7%.
Meanwhile, from within the country, there is the release of economic data in the form of Indonesia’s trade balance for December 2021 from the Central Statistics Agency (BPS).
Indonesia’s exports in December 2021 recorded an annual growth of 35.3% (year-on-year/YoY) and imports rose 47.93% (YoY), so the trade balance recorded a surplus of US$ 1.02 billion.
The three indicators above miss the consensus compiled CNBC Indonesia with exports and imports forecast to grow at 40.3% (YoY) and 39.7% (YoY), in which the trade balance is estimated to have a surplus of US$ 3.05 billion.
Temporary, The rupiah closed down 20 points or 0.14% to Rp 14,315/US$ on Monday, from the close of trading on Friday last week.
As for, Prices of government bonds or Government Securities (SBN) closed varied again yesterday, as investors responded to various sentiments from a number of economic data, including China’s economic growth in the fourth quarter of 2021.
Investors’ attitudes in the government bond market have varied again, with one-year, five-year, 10-year and 20-year government bonds being hunted by investors, marked by rising prices and falling yields.yield).
On the other hand, SBN with maturities of three years, 15 years, 25 years and 30 years tend to be released by investors. It is characterized by weakening prices and rising yield.
– .
