Equity markets in Indonesia experienced a slight decline, slipping by 10 points, or 0.1%, to a level of 8,522 as December trading commenced. This marks the third consecutive session of losses as investors remain cautious ahead of pivotal data releases later today, including November's inflation rates and October's trade statistics. In October, Indonesia's annual inflation rate increased to 2.86%, reaching its highest point in a year and a half. Concurrently, September's trade surplus fell short of expectations due to a resurgence in imports as the year draws to a close.
On the international stage, U.S. stock market futures dropped significantly after the gains made in Wall Street’s abbreviated session on Friday, with market participants keenly anticipating comments from Federal Reserve Chair Jerome Powell. In China, a key trading partner for Indonesia, official data revealed an eighth consecutive monthly decline in manufacturing activity during November. Simultaneously, a private survey indicated a marginal decrease in factory output. Within the sectoral landscape, commercial services and logistics sectors underperformed, although gains in consumer and industrial services helped to mitigate overall losses. Among the prominent decliners on the market were Indoritel Makmur (-3.8%), Pantai Indah Kapuk Dua (-2.9%), Trimegah Bangun Persada (-2.4%), and Bayan Resources (-1.3%).
