Market Analysis

Macro trends, sector moves, and company events — with direct stock impact.

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Fed Rate Hold — Impact on IDX Banking Sector

The Fed held rates at 5.25–5.50%. Lower-for-longer supports Indonesian banks via stable USD/IDR and continued foreign inflows.

Global demand slowdown pressures thermal coal. CPO facing headwinds from weaker export demand to India.

Bank Indonesia held its benchmark rate at 6.25%, prioritizing rupiah stability. Positive for rate-sensitive sectors.

BBCA reported Q1 net profit up 14% YoY, with NIM expanding to 5.8%. CASA ratio at all-time high of 78%.

Indonesian HPAL capacity additions are flooding the battery-grade nickel market. Prices hit 3-year lows.

Telkom management confirmed active discussions to separately list Mitratel's data center assets. Market reaction positive.