The JCI March 8, 2022
๐๐๐ซ๐๐ก ๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐:๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ฃ๐จ๐ซ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐ข๐๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐๐ฌ ๐๐ฎ๐ฌ๐ฌ๐ข๐ ๐ข๐ง๐ฏ๐๐ฌ๐ข๐จ๐ง๐ฌ ๐ญ๐จ ๐๐ค๐ซ๐๐ข๐ง๐ ๐๐จ๐ง๐ญ๐ข๐ง๐ฎ๐๐ฌ ๐๐ง๐ ๐ข๐ญ๐ฌ ๐๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐ข๐ฆ๐ฉ๐๐๐ญ ๐ข๐ง๐ญ๐๐ง๐ฌ๐ข๐๐ฒ๐ข๐ง๐ ย ๐ญ๐จ ๐๐จ๐ญ๐ก ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐๐ง๐ ๐ญ๐ก๐ ๐ฐ๐จ๐ซ๐ฅ๐
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (3/8) is expected to trade between 6,800pt โ 6,920ptย to attempt for a rebound and supported byย bargain hunters, and higher commodity prices. The yield of the benchmark 10-year Indonesian government bond closed by a relatively-steep 8bp higher yesterday to 6.713%.
ย The JCI yesterday (3/7) was moving worse-than-expected, some 40pts off our estimated support and closed 0.9% lower at 6,896pt.ย Trading value was relatively high at IDR20.6tr while foreign funds netted a Sell at ย IDR78bn. Market statistics yesterday indicated optimisms of domestic perspectives.
Wall Street yesterday (3/7) ended with the DJIA closed lower by 797pt or 2.4% to 32,817pt, while the S&P500 and the Nasdaq Compositeย closed lower by 3.0% and ย 3.6%, respectively. The yield of the benchmark 10-year US Treasury note closedย higher by 5bp to 1.77%, indicating the preference on safer investments than those of the main financial products.
Meanwhile, yesterday (3/7)ย ย the WTIย price closed lower by 5% against the previous close to USD119.4/barrel, mainly techincal retreat following surges in the previous closes on the Russia and Ukraine crisis.ย ย ย At the other end,ย the USDIDR closed ย at IDR14,411 vs. IDR14,383 the previous one.
Cheers,