The JCI March 10, 2021

𝐌𝐚𝐫𝐜𝐡 𝟏𝟎, 𝟐𝟎𝟐𝟏

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟏𝟓𝟎𝐩𝐭 – 𝟔,𝟐𝟕𝟓𝐩𝐭  (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟐𝟎𝟎𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐫𝐞𝐞𝐧 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐒&𝐏 𝟓𝟎𝟎 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐍𝐚𝐬𝐝𝐚𝐪 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐬𝐨𝐦𝐞 𝟐%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧 𝐜𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐦𝐨𝐯𝐞 𝐟𝐚𝐜𝐢𝐧𝐠 𝐭𝐡𝐞 “𝐛𝐚𝐜𝐤-𝐭𝐨-𝐧𝐨𝐫𝐦𝐚𝐥” 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬  (𝐔𝐒) 𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐭𝐡𝐞𝐦𝐞

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐟𝐥𝐮𝐜𝐭𝐮𝐚𝐭𝐞 𝐚𝐧𝐝 𝐛𝐞 𝐩𝐫𝐨𝐩𝐩𝐞𝐝-𝐮𝐩 𝐛𝐲 𝐛𝐚𝐫𝐠𝐚𝐢𝐧 𝐡𝐮𝐧𝐭𝐞𝐫𝐬

Morning,

The Jakarta Composite Index (JCI) today (3/10) is expected to be in the range of 6,150pt – 6,275pt to fluctuate and be supported by bargain hunters.  The USDIDR exchange value currently under pressure following the perceived faster rate of economic recovery in the US. At present, stakeholders are in monitor of today data release of the US inflation rate for February, widely estimated at 0.4% MoM and 1.7% YoY. Bond yields in the US have been trending higher in the recent weeks despite the Fed statement August last year to maintain dovish policy while to allow higher inflation for certain periods.

Meanwhile, yesterday (3/9) in Wall Street,   the DJIA closed higher by 30 points or by 0.1% to 31,833pt, while S&P 500 and the Nasdaq closed higher by  1.4% and by 3.7%, respectively.

At the other end, yesterday  the WTI price closed lower by  1.6% atUSD64.1/barrel  , mainly on the easing fear of supply disrupt from Saudi Arabia recently-attacked oil port as well as higher USD index.  Meanwhile, the USDIDR  closed  at IDR14,468  vs. IDR14,390 the previous one.

We advise the following recommendations, for both trading and longer-time investment purpose. 𝐀𝐀𝐋𝐈, 𝐋𝐒𝐈𝐏 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘈𝘨𝘳𝘪, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘜𝘯𝘥𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵 ), 𝐔𝐍𝐓𝐑, 𝐈𝐓𝐌𝐆, 𝐀𝐃𝐑𝐎, 𝐏𝐓𝐁𝐀 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘊𝘰𝘢𝘭 𝘔𝘪𝘯𝘪𝘯𝘨, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘔𝘢𝘳𝘬𝘦𝘵-𝘸𝘦𝘪𝘨𝘩𝘵), 𝐒𝐈𝐃𝐎, 𝐔𝐋𝐓𝐉, 𝐔𝐍𝐕𝐑, 𝐈𝐂𝐁𝐏 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘊𝘰𝘯𝘴𝘶𝘮𝘦𝘳, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘖𝘷𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵 ), 𝐚𝐧𝐝 𝐀𝐂𝐄𝐒, 𝐒𝐂𝐌𝐀, 𝐌𝐀𝐏𝐈,𝐌𝐍𝐂𝐍 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘛𝘳𝘢𝘥𝘦, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘖𝘷𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵),𝐚𝐧𝐝 𝐓𝐊𝐈𝐌 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘉𝘢𝘴𝘪𝘤 𝘐𝘯𝘥𝘶𝘴𝘵𝘳𝘺, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘔𝘢𝘳𝘬𝘦𝘵-𝘸𝘦𝘪𝘨𝘩𝘵).

Cheers,