Indonesia Stock Exchange (IDX) changed the auto rejection limitation starting today to curb the local stock market from coronavirus outbreak and oil price war - Photo by TheInsiderStories TheInsiderStories

JAKARTA (TheInsiderStories) – Good Morning! The transaction at Indonesia Stock Exchange will close today and will open again on Jan. 2, 2020. During last year, the financial market in a stagnant position.

Financial Services Authority assesses the stability of the financial services sector in an awake condition. The agency said, positive sentiment stemming from the United States – China trade war agreement and Prime Minister Boris Johnson’ victory in the British elections colored the dynamics of the global economy at the end of 2019.

In addition, the continued dovish policy by several central banks in developed countries continued to maintain global liquidity and strengthen global financial markets. This week, Indonesia and Thailand inflation data are release.

The country’ monthly inflation recorded 0.14 percent in November, went up from 0.02 percent in the prior month. But the annual inflation rate decreased to 3.0 percent in November from 3.13 percent in the previous month, as the price of most of the expenditure group index increased.

From global, the recession risks have fallen in recent months with PMI surveys in particular sending encouraging signs of stabilization. Other key data to watch during for the US include pending home sales, inventories and the trade balance.

From Europe we will sees German retail sales, labour market and inflation data, with the latter also updated for Spain and Italy. Britain economy watches will also eye mortgage approvals numbers.

In Asia, insights into the resilience of the Hong Kong SAR in the face of trade wars and domestic unrest will be released via trade and retail sales data, while South Korea publishes industrial production, retail sales and trade numbers.

Last week, Japan reported its index of industrial production (IIP) fell 0.9 percent month on month (MoM) in November following a 4.5 percent drop in the previous month. Although the inventory level declined 1.1 percent MoM, a 1.7 percent MoM decline in manufacturers’ shipments drove a 1.8 percent rise in the index of inventory ratio in November, marking the second consecutive month of increase.

Last weekend, Indonesian Rupiah close up 0.15 percent at 13,958 per US dollar. Together with the Rupiah, the majority of other currencies in Asia strengthened against the US dollar, led by Philippine pesos which rose 0.24 percent.

While, the Jakarta Composite Index (JCI) slightly up to 6,329.31 compared to prior day at 6,319.443. Today the Rupiah its predicting move in the range 6,300-6,350.

The stock to be watch are PT Bank Tabungan Negara Tbk (IDX: BBTN), PT CIMB Niaga Tbk (IDX: BNGA), PT Bank Permata Tbk (IDX: BNLI), PT Adhi Karya Tbk (IDX: ADHI), PT Wijaya Karay Tbk (IDX: WIKA), PT Media Nusantara Citra (IDX: MNCN), PT Mitra Adi Perkasa Tbk (IDX: MAPI), PT ACE Hardware Tbk (IDX: ACES), and PT Kalbe Farma Tbk (IDX: KAEF), and PT Mayora Indah Tbk (IDX: MYOR).

May you have a profitable week!

Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia