The JCI May 23, 2022

𝐌𝐚𝐲 𝟐𝟑, 𝟐𝟎𝟐𝟐

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟖𝟕𝟎𝐩𝐭 – 𝟔,𝟗𝟖𝟎𝐩𝐭  (𝐅𝐫𝐢𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟗𝟏𝟖𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐭𝐞𝐜𝐡-𝐡𝐞𝐚𝐯𝐲 𝐍𝐚𝐬𝐝𝐚𝐪  𝐬𝐚𝐰 𝐢𝐭𝐬 𝐥𝐨𝐰𝐞𝐬𝐭 𝐢𝐧𝐭𝐫𝐚𝐝𝐚𝐲 𝐥𝐞𝐯𝐞𝐥 𝐬𝐢𝐧𝐜𝐞 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟎 𝐚𝐧𝐝 𝐜𝐥𝐨𝐬𝐞𝐝 𝐛𝐲 𝟎.𝟑% 𝐥𝐨𝐰𝐞𝐫

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐚𝐭𝐭𝐞𝐦𝐩𝐭 𝐡𝐢𝐠𝐡𝐞𝐫 𝐚𝐧𝐝 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐬𝐭𝐚𝐛𝐥𝐞 𝐔𝐒𝐃𝐈𝐃𝐑 𝐚𝐧𝐝 𝐨𝐢𝐥-𝐜𝐥𝐨𝐬𝐞

Morning,

 The Jakarta Composite Index (JCI) today (5/23) is expected to trade between 6,870pt – 6,980pt  to gain edge by support of bargain hunters.  The JCI is expected to be supported by general favorable environment both in real and monetary scope.

Wall Street Friday last week (5/20), ended with the DJIA closed higher by 9pt or 0.03% to 31,262pt, meanwhile the S&P500 and Nasdaq closed higher by 0.01% and lower by 0.3%, respectively. Wall Street seemed to still be in a crossing point to decide of growth and inflation weight.  At the other end, the yield of the benchmark 10-year Treasury notes continued to close lower  by 7bp at 2.78% Friday.

Friday last week the WTI  price closed higher by 0.9%  at  USD113.2/barrel against the previous close, mainly on demand prospect also on the easing of COVID-19 lockdowns in China.  Meanwhile, the USDIDR closed  at IDR14,661  vs. IDR14,731 the previous one.

Cheers,