Morning Chatter
KBVS MORNING CHATTER
Friday, 02 January 2026
Headline News :
• TPIA – Completes Esso-branded fuel station acquisition in Singapore
• PJAA – Secured IDR100 bn credit facility
• SHIP – Acquired new fleet worth IDR1.34 tn
• WMPP – Targets revenue growth in 2026
• ECII – Holds promotional sales event at Big Bang Festival 2025
• KLBF – Growth strategy across all business lines
• UNTR – Faces near-term pressure from weather and weak coal prices
• INDF – Rising wheat prices weigh on margins
Market Commentary :
US indices closed lower on the last trading day of 2025 (31/12); DJIA (-0.63%), S&P 500 (-0.74%) and IXIC (-0.76%), dragged down by semiconductor stocks and heightened market concerns after the Fed released the minutes of its Dec'25 policy meeting, which revealed deep divisions among policymakers over the path of interest rates in 2026. In a summary, the market' last trading day in 2025 largely driven by technical factors, policy expectations and year-end portfolio adjustments. While, the economic data releases remain sparse in the holiday-shortened week. Thus, both USD index and US 10-Y bond yield closed slightly up to 98.32, and 4.17%, last Wednesday.
In Europe, with a shorter trading session on the last trading day in 2025, the STOXX 600 ended slightly lower (-0.10%) as trading was subdued ahead of the New Year holiday. Yet, the STOXX 600 still posted roughly 16.7% gains for the year, its best yearly performance since 2021. On commodity, both Brent crude futures and US WTI were down to USD60.85 per barrel and USD57.42 per barrel, respectively last Wednesday due to the market' rising concern of supply surplus amid subdued geopolitical conditions.
Indices in Asia closed mixed on the last trading day of 2025. While, JCI closed sideways (+0.03%), but with IDR937.79 bn net foreign outflow. Today, the JCI could close lower due to a rebound in USD and global oil prices, despite more subdued geopolitical conditions.
Regards,
KBVS Research Team
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