Flash News

Weekly Market Review (27 August 2018) - What happened & What's next?

following Indonesia ETF performance and Thursday we saw a decent USD40mn inflow after US listed Indonesia ETF booked gains 5 days in a row. Foreigners (net) bought IDR2.78tn (USD190mn) of Government bonds and USD16mn of equities. Basic Industry and Chemicals (+6.5% WoW) led the gains with Cement, Poultry, and Pulp/Paper industries contributing the major portion. Meanwhile, Infra Utility and Transportation saw the worst performance (-0.3% WoW) driven by Telco. Newsflows to be watched this week: US GDP 2Q18, US PCE, ID Money Supply, CN Manufacturing PMI.
•    Rupiah weakened by -0.25% WoW to Rp 14,655. On the other hand, DXY was on the downward trend closing at 95.1 (-1% WoW) by the end of the week.
•    Additional supply from 28th august auction and IDR weakening to 14.600 per USD is causing bond yield to increase by 2-10 bps last week. 10 years series increased from 7.8% to 7.9%.
•    Foreign investor adding their investment on Indo GB, by approximately Rp2.8 Tn, especially on short tenor series.
•    10 year US Treasury yield held steady at 2.82% after Federal Reserve Chair Jerome Powell said that "further, gradual" rates hikes are appropriate as the economy continues to show signs of strength.

Global news

Domestic news


Foreign net purchases of Indonesia equities