Stumbling Trade Balance Deficit, CSPI and Rupiah Fall
JurnalUpdate. The Composite Stock Price Index (IHSG) and the compact rupiah exchange rate weakened after the Central Statistics Agency (BPS) reported the trade balance had a sharp deficit of up to US $ 2 billion.
The JCI dropped to 1.03 percent or 63.5 points to 6,106 in the trade on Monday (12/17) this afternoon. The stock index opened at 6,163 this morning, down slightly from last weekend's close of 6,163. Today, the JCI is traded in the range of 6,099-6,174.
Throughout 2018, the return on the stock index experienced minus 3.9 percent, although the return in annual calculations increased by 2.09 percent.
Similarly, the rupiah exchange rate also weakened 0.21 percent or 30.2 points this afternoon, to the level of Rp14,611 per US dollar (US). The Garuda currency opened at the level of Rp14,602 on Monday (12/17) morning, weakening from the level of weekend trade of Rp14,581.
Previously, a number of analysts expected the November 2018 trade balance to return to a deficit and make the stock index and rupiah weaken for a moment.
Narada Kapital Indonesia's Research Head Kiswoyo Adi Joe predicts the November 2018 trade balance will again be in deficit. The reason is none other because Indonesia's dependence on imported goods is still quite high.
"The trade balance will still be a deficit, so at the beginning of the week the JCI will weaken first," Kiswoyo said.
This afternoon, BPS recorded Indonesia's trade balance in November 2018 had a deficit of US $ 2.05 billion. This deficit figure increased compared to October 2018 reaching US $ 1.82 billion.
Meanwhile, cumulatively from January to November 2018, the trade deficit has reached US $ 7.52 billion. This figure is also higher compared to January-November 2017 which is still a surplus of US $ 12.02 billion.
The deficit occurred because the export value was US $ 14.83 billion, down 6.69 percent compared to October 2018. Meanwhile, imports reached US $ 16.88 billion, down 4.47 percent from the previous month.
In terms of exports, the decline in exports occurred in the oil and gas (oil and gas) and non-oil and gas sectors. Oil and gas exports recorded a decline of 10.75 percent to US $ 1.37 billion and non-oil and gas down 6.25 percent to US $ 13.46 billion.
The JCI dropped to 1.03 percent or 63.5 points to 6,106 in the trade on Monday (12/17) this afternoon. The stock index opened at 6,163 this morning, down slightly from last weekend's close of 6,163. Today, the JCI is traded in the range of 6,099-6,174.
Throughout 2018, the return on the stock index experienced minus 3.9 percent, although the return in annual calculations increased by 2.09 percent.
Similarly, the rupiah exchange rate also weakened 0.21 percent or 30.2 points this afternoon, to the level of Rp14,611 per US dollar (US). The Garuda currency opened at the level of Rp14,602 on Monday (12/17) morning, weakening from the level of weekend trade of Rp14,581.
Previously, a number of analysts expected the November 2018 trade balance to return to a deficit and make the stock index and rupiah weaken for a moment.
Narada Kapital Indonesia's Research Head Kiswoyo Adi Joe predicts the November 2018 trade balance will again be in deficit. The reason is none other because Indonesia's dependence on imported goods is still quite high.
"The trade balance will still be a deficit, so at the beginning of the week the JCI will weaken first," Kiswoyo said.
This afternoon, BPS recorded Indonesia's trade balance in November 2018 had a deficit of US $ 2.05 billion. This deficit figure increased compared to October 2018 reaching US $ 1.82 billion.
Meanwhile, cumulatively from January to November 2018, the trade deficit has reached US $ 7.52 billion. This figure is also higher compared to January-November 2017 which is still a surplus of US $ 12.02 billion.
The deficit occurred because the export value was US $ 14.83 billion, down 6.69 percent compared to October 2018. Meanwhile, imports reached US $ 16.88 billion, down 4.47 percent from the previous month.
In terms of exports, the decline in exports occurred in the oil and gas (oil and gas) and non-oil and gas sectors. Oil and gas exports recorded a decline of 10.75 percent to US $ 1.37 billion and non-oil and gas down 6.25 percent to US $ 13.46 billion.
Komentar
Posting Komentar