JAKARTA (TheInsiderStories) – Here’s several news could affect stock market condition compiled by our team :
*The Ministry of Public Works and Public Housing ensure construction packages worth a total Rp11.58 trillion ready contracted in January. The package is the result of an early auction conducted ministries since August 2016. Secretary General of the ministry Anita Firmanti stated, thus the total construction package contracted this month to reach Rp33.58 trillion, when added to the multi-year package (multiyear) results carry over the previous year, amounting to a total of Rp22 trillion. The amount represents 32.51% of the total ceiling of the state budget in 2017 for the ministry Rp101.49 trillion. According to him, the signing of the contract early auctions will be conducted twice, respectively in the second and fourth weeks of January. It charted as many as 768 construction package worth 4.9 trillion early auctions will be signed in the second week, and following a 1,212 package worth Rp9.66 trillion be contracted in the fourth week after all the bidding process is complete. As for today, the total construction package being auctioned early as 4,941 package worth a total of Rp32.02 trillion.
*At the beginning of January, 2017, there are three new shares were entered into the list of margin securities and short sell securities list. Based on data from the Indonesia Stock Exchange, three stocks are PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM), PT Kresna Graha Investama Tbk (KREN), and PT Waskita Concrete Precast Tbk (WSBP). There are two more stocks were removed from the list of margin securities and listing short sell effects, namely PT Intiland Development Tbk (DILD) and PT Ramayana Lestari Sentosa Tbk (RALS). Thus, the total shares that can be traded on margin is now 61 shares from 60 shares. Then the total effect is short-selling can be traded to 57 shares. This list is valid from January 3, 2017. These shares can be used as security for payment of margin trading and short-selling. In addition, as is known, other effects that meet the criteria of a guarantee of payment in shares among members of LQ-45 index, bonds issued by government and corporate bonds with a minimum rating equivalent A +. IDX is also currently finalizing new rules on margin transactions. Later, the list of securities margin will be increased up to 200 effects and can be traded through the stock exchange members which has a net working capital adjustment above Rp 250 billion.
*PT Kimia Farma Tbk (KAEF) was authorized to be businessmen e-commerce through the brand-new sales portal with kimiafarmaapotek.co.id address. PT Kimia Farma Pharmacy, a subsidiary of the company, which will handle the business operations. Kimia Farma pharmacies will only free drug peddling alias over the counter (OTC) and body care products. To facilitate the purchase, Kimia Farma Pharmacy took Gojek which has Go-Mart shopping services. KAEF targets the online pharmacy business accounted for approximately 10% of total sales in 2017. While the growth target of overall pharmacy business in 2017 that is 20% -21%. In comparison, during 2016 Kimia Farma estimates that sales of pharmacy business to reach Rp 3.1 trillion. In pursuit of growth targets, Kimia Farma plans to add 100 pharmacies physical this year. The total investment they are preparing around Rp 200 billion.
*Low production and the absence of supply made the crude price of palm oil (CPO) is expected to continue strengthening over the level of 3,000 ringgit per ton in the first quarter of 2017, said analysts. Nevertheless, the production recovery may weigh on the market in the second half of the Rooster Year of the Fire, so the price pressure began to quarter II of the year. At the close of trading on Bursa Malaysia on Wednesday (4/1), the CPO price in March 2017 contract was down 22 points, or 0.7% towards 3,141 ringgit (US $ 699.55) per ton. Last year, prices rose 21.97%.
*Crude oil prices rose amid projections that US crude oil inventories decreased while OPEC and other producers promised to implement production cuts. West Texas Intermediate oil for February delivery rose 93 cents, or 1.8% to US $ 53.26 per barrel on the New York Mercantile Exchange. WTI rose after the American Petroleum Institute will report said US crude stocks fell 7.43 million barrels last week. While, Brent oil for March delivery rose 99 cents, or 1.8%, to US $ 56.46 a barrel on the ICE Futures Europe exchange based in London.
*Comex gold price movements persist in the range highs in afternoon trading on Wednesday amid predictions of seasonal demand increase from China. The price of gold Comex contract in February 2017 turned up 0.01% or 0.10 points to US$1,162.10 an ounce, having opened with weakened 0.21% or 2.40 points at $1,159.60 per ounce.
*The movement of the nickel price for May 2017 contract on the Shanghai Futures Exchange ended down sharply on Wednesday. Nickel prices closed sharply lower 1.87% or 1.620 points to 84,790 yuan/metric ton, after opening with a weakening of 0.19% or 160 points at 86,250 yuan/metric ton.