Morning Chatter

KBVS MORNING CHATTER
Tuesday, 3 February 2026

Headline News :
•    MDKA - Posts high-grade copper drill hits at Wetar
•    BRIS - Becomes a state-owned enterprise
•    ANTM - 4Q25 sales volume
•    BBCA - Price down 5.3%, Jahja Setiaadmadja increases stake in BBCA
•    Automotive - Gaikindo targets car sales of 850,000 units in 2026
•    PIPA – Reshuffles board of directors and commissioners to strengthen governance 
•    BRIS - Begins preparing steps to become KBMI 4
•    ERAA – Maintaining performance in 2026
•    ADMF – Non-performing loans remain stable at 2% in 2025

Market Commentary :
Major US indices ending the session in the green zone. Dow Jones led the charge, surging approximately 515 points (up 1.05%). High-growth sectors followed suit, with the S&P 500 climbing 0.5% and the Nasdaq Composite adding nearly 0.6%. European markets mirrored this optimism. Shares closed higher on Monday, largely buoyed by a continued retreat in spot gold prices, which redirected capital toward equities.
Oil prices downed on easing immediate supply chain anxieties. Gold and silver continue traded higher. The greenback gained strength, fueled by "safe-haven" demand and a string of resilient U.S. economic data.
The Asia-Pacific region struggled. South Korean markets were hit particularly hard. The Jakarta Composite Index (JCI) faced a grueling session. The index tanked 406.88 points (a 4.88% drop) to close at 7,922.73. Local investors remain on edge, spooked by global instability and a lack of clarity regarding upcoming domestic market reforms. Market will get the economic key metrics update from GDP growth, foreign exchange reserve, PPI and Consumer Confidence.

Regards,
KBVS Research Team

 

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