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Jakarta Daily Wednesday, November 24, 2010
 
Morning Brief Morning Brief  
IDX (11/23/2010) 3,678.19
Change : -63.03 (-1.68%)Transaction Volume (bn) : 7.14Transaction Value (Rp tn) : 5.43Market Cap (Rp tn) : 3,169
Chg (%)
Dow Jones (11/23)11,036.37 -142.21 -1.27%Nasdaq (11/23)2,494.95 -37.07 -1.46%S&P 500 (11/23)1,180.73 -17.11 -1.43%FTSE 100 (11/23)5,581.28 -99.55 -1.75%DAX (11/23)6,705.00 -117.05 -1.72%Nikkei (11/22)10,115.19 92.80 0.93%
Global Indices
CAC 40 (11/23)3,724.42 -94.47 -2.47%Hang Seng (11/23)22,896.14 -627.88 -2.67%Straits Times (11/23)3,126.30 -67.94 -2.13%Kospi (11/23)1,928.94 -15.4 -0.79%
Commodity Prices
(*)
Chg (%)
Crude Oil (US$/Barrels)81.67 -0.17 -0.21%Gold (US$/Troy Ounce)1,378.30 16.70 1.23%Nickel LME (US$/MT)21,290 -325 -1.50%Tin LME (US$/MT)23,950 -1250 -4.96%CPO BMD (MYR/Ton)
 
3,115 -69 -2.17%
(*) : - Nickel & Tin Closing Price per Nov 23, 2010- Crude Oil & Gold Closing Price per 08:50 Local Time
Exchange Rate
 
Rp
 
Chg
US$/IDR
(08:50 Local Time)
 8,970 27.00KRW/IDR
(08:50 Local Time)
 7.90 0.02
(%)
0.30%0.20%
Chg Rp
TLKM (US$)36.94 -0.84 8,284ISAT (US$)32.39 -1.32 5,811
Dual Listing (NYSE)Key Interest Rates Latest Previous
BI-Rate 6.50% 6.50%Fed-Rate 0-0.25% 0-0.25%
Market Review
 
IDX suffered a significant drop on yesterday’s trading session affected theincreasing tension that came from Korea yesterday. IDX have alreadyhampered by negative sentiment that came from Euro Zone earlier in thebeginning of trading sessions as investors now turn their attentions toPortugal and Spain that believed to have a potential to follow footsteps fromIreland and Greece that needed a bailout from EU and IMF to settle their debt crisis problems. Even the strengthening BUMI and BNBR couldn’thelped IDX to avoid the significant drop.Research Analyst : Teuku Hendry Andrean
Market Outlook
 
•
US stocks markets suffered a significant correction on last night’strading session affected by a new tension in Korea that addedanother negative sentiment as global and regional markets alreadyreacted negatively to the potential spread of Euro Zone debt crisis.Many people believe that Irish debt crisis still have the potential tospread to other Euro countries as investors were concerned that abigger nations could become another victim, paticularly Spain.
•
European stocks markets also shared the same fate as US stocksmarkets where they also stucked in the negative zone atyesterday’s trading session after concerns over Ireland’s turmoiland possibility of contagion to its regional peers intensified andtensions in the Korea escalated. The Euro Zone debt crisiseventually made banking stocks continued their slide.
•
While in Asia itself a different reaction to the escalating koreantension was shown today as Asian stocks markets seen mixedwith Hang Seng, Straits Times and Shanghai seen advancing by0.92%, 0.83% and 0.76% while Kospi and Nikkei seen lower by0.50% and 0.69% per 09:05 local time.
•
We expect IDX to move mixed today as commodities based stockswill likely to remain in negative teritorry. But we believe IDX still apotential technical rebound referring to the movement of other Asian bourses this morning.
We expect IDX to move between
support level 3,644-3,671 and resistance level 3,700-3,727.
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