๐๐๐ซ๐๐ก ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐.๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ญ๐ก๐ ๐ซ๐-๐๐๐๐ข๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐๐ฌ๐ฒ ๐ฆ๐จ๐ง๐๐ญ๐๐ซ๐ฒ ๐ฌ๐ญ๐๐ง๐๐ ๐๐ฌ ๐ฌ๐ญ๐๐ญ๐๐ ๐๐ฒ ๐ญ๐ก๐ ๐ ๐๐ ๐๐ก๐๐ข๐ซ๐ฆ๐๐งย ๐๐ญ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐๐ซ๐๐ก’๐ฌ ๐ ๐๐๐ ๐ฆ๐๐๐ญ๐ข๐ง๐
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐ฉ๐ซ๐ข๐๐ ๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (3/18) is expected to be in the range of 6,225pt โ 6,375pt, ย to fluctuate and ย supported by bargain hunters. Meanwhile, yesterday (3/17), the DJIA closed higher by 189 points or 0.6% to 33,015pt, while the S&P500 and the Nasdaq ended higher by 0.3% and by 0.4%, respectively.
As widely-expected, ย the United States (US) central bank chairman restated yesterday ย the bankโs expansive monetary policy to allow target FFR near zero ย and to allow average inflation rates to increase within benchmark level of 2% into September 2023 (1) . The Fed chairman also stated ย that the bank will in the future give signals should there be tapering of the current monthly USD120bn bonds buying program (2), and projects the US economy to grow by 6.5% YoY this year (3).
By at least, the above indicators, the Indonesia central bank Bank Indonesia (BI) is expected to maintain current reference rate of 3.5%, we note. BI is expected to issue media release after its Board-of-Governors monthly meeting this afternoon.
At the other end, yesterday ย the WTI price closed lower by ย 0.3% to USD64.6/barrel as compared ย to the previous closeย , mainly supported by a lower-than-expected US crude oil-inventories (addition of 2.4mn barrels vs.estimated 3mn). Following the pile-up during the recent heavy winter in the country, producers are gradually starting normal level operation. ย Meanwhile, the USDIDR ย closedย at IDR14,459 ย vs. IDR14,424 the previous one.
We advise the following recommendations, for both trading and longer-time investment purpose. ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐จ๐ณ๐ช, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ฏ๐ฅ๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต ), ๐๐๐๐, ๐๐๐๐, ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ฐ๐ข๐ญ ๐๐ช๐ฏ๐ช๐ฏ๐จ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต), ๐๐๐๐, ๐๐๐๐, ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ฐ๐ฏ๐ด๐ถ๐ฎ๐ฆ๐ณ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ท๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต ), ๐๐ง๐ ๐๐๐๐, ๐๐๐๐, ๐๐๐๐,๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ณ๐ข๐ฅ๐ฆ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ท๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต),๐๐ง๐ ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ข๐ด๐ช๐ค ๐๐ฏ๐ฅ๐ถ๐ด๐ต๐ณ๐บ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต).
Cheers,