Weekly Report | 3 April 2023

The Indonesian market which was pretty quiet as it was cut short by two days of Nyepi holiday and the first day of fasting last week, managed to close with a weekly gain of 1.26% to 6762.25; supported by Foreign Net Buy of IDR 187.62 billion, maintaining the monthly foreign buying which has only entered heavily this month amounting to IDR 3.37 trillion (YTD: IDR 3.46 trillion).

This Week Begins The 2nd Quarter of 2023

This week begins the 2nd quarter of 2023. Besides Indonesia’s Inflation figures (Mar.), important US economic data will be awaited, including the monthly labor report, Nonfarm Payroll (Mar.) which is expected to be released on Friday with a forecast of 238k versus 311k in Feb.last month.

Daily Report | 3 April 2023

Global stock markets managed to post the biggest weekly gain in 4.5 months, while US Treasury yields dropped for the first time in 9 quarters; as US Inflation data reflected in the PCE Price Index (Feb.) managed to tick lower than expected at 5% YoY (vs. 5.3% previous).

US Stock Indexes Closed Higher on Thursday

US stock indexes closed higher on Thursday (30/03/23) as the rise in Treasury bond yields subsided after the release of Initial Jobless Claims data came in higher than expected at 198,000 (also higher than 191,000 in the previous week).

Daily Report | 31 March 2023

The Dow Jones and others closed higher on Thursday (30/03/23), led by technology stocks in the Nasdaq index, which gained the largest percentage of 0.7%, as the rise in Treasury bond yields subsided after the release of Initial Jobless Claims data came in higher than expected at 198,000 (also higher than 191,000 in the previous week).

Information of PT Sarana Mitra Luas Tbk (SMIL) IPO

Perseroan berusaha di bidang rental forklift yang didirikan pada tahun 2006, dimana Perseroan awalnya memiliki sekitar 100 unit diesel forklift merk Toyota, Caterpillar, dan TCM yang berkapasitas 2,5 – 15 ton dan dipasarkan pada workshop Perseroan yang berlokasi di Gemalapik, Cikarang.

Information of PT Merdeka Battery Materials Tbk (MBMA) IPO

PT Merdeka Battery Materials Tbk., atau Perseroan (sebelumnya dikenal sebagai PT Hamparan Logistik Nusantara) dengan sumberdaya terbesar di dunia dalam hal kandungan nikel di Tambang Nikel Konawe milik SCM (“Tambang SCM”) menurut Wood Mackenzie, menargetkan posisi untuk menjadi salah satu pemain global terdepan yang terintegrasi secara vertikal dalam rantai nilai bahan baku strategis dan ke depannya dalam rantai nilai baterai kendaraan bermotor listrik.

Global Stock Exchanges Surged on Wednesday

Global stock exchanges surged on Wednesday (29/03/23) as markets took heart from greater stability in the banking sector, but most Treasury yields edged higher as uncertainty lingered and bond investors gauged the impact of rising interest rates.

Daily Report | 30 March 2023

US stocks rallied on Wednesday (29/03/23), with all three major indexes ending up at least 1%; the Nasdaq led the way with a 1.8% gain on the back of an upbeat outlooks from Micron Technology, which drove a surge in share prices of other chipmakers.