The JCI trading range: November 9, 2022

๐๐จ๐ฏ๐ž๐ฆ๐›๐ž๐ซ ๐Ÿ—, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ

 

* ๐“๐ก๐ž ๐‰๐‚๐ˆ ๐ญ๐ซ๐š๐๐ข๐ง๐  ๐ซ๐š๐ง๐ ๐ž:๐Ÿ”,๐Ÿ—๐Ÿ—๐ŸŽ๐ฉ๐ญ – ๐Ÿ•,๐Ÿ๐Ÿ๐ŸŽ๐ฉ๐ญย  (๐˜๐ž๐ฌ๐ญ๐ž๐ซ๐๐š๐ฒ ๐œ๐ฅ๐จ๐ฌ๐ž: ๐Ÿ•,๐ŸŽ๐Ÿ“๐ŸŽ๐ฉ๐ญ)

* ๐–๐š๐ฅ๐ฅ ๐’๐ญ๐ซ๐ž๐ž๐ญ ๐ž๐ง๐๐ž๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐š๐ฃ๐จ๐ซ ๐ž๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐ข๐œ๐ž๐ฌ ๐œ๐ฅ๐จ๐ฌ๐ž๐ ๐ก๐ข๐ ๐ก๐ž๐ซ ๐›๐ฒ ๐œ๐ฅ๐จ๐ฌ๐ž ๐ญ๐จ ๐Ÿ%, ๐ฆ๐š๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ญ๐ก๐ž ๐ฉ๐จ๐ฌ๐ฌ๐ข๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐ญ๐ก๐š๐ญ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐ฎ๐›๐ฅ๐ข๐œ๐š๐ง ๐๐š๐ซ๐ญ๐ฒ ๐ญ๐จ ๐ฐ๐ข๐ง ๐ญ๐ก๐ž ๐‚๐จ๐ง๐ ๐ซ๐ž๐ฌ๐ฌ’ ๐ฌ๐ž๐š๐ญ ๐๐ฎ๐ซ๐ข๐ง๐  ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ (๐”๐’) ๐ฆ๐ข๐๐ญ๐ž๐ซ๐ฆ ๐ž๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐ฌ๐ญ๐š๐ซ๐ญ๐ž๐ ๐ฒ๐ž๐ฌ๐ญ๐ž๐ซ๐๐š๐ฒ

* ๐“๐ก๐ž ๐‰๐‚๐ˆ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐Ÿ๐ฅ๐ฎ๐œ๐ญ๐ฎ๐š๐ญ๐ž ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ž๐ ๐›๐ฒ ๐ฌ๐ญ๐š๐›๐ฅ๐ž ๐”๐’๐ƒ๐ˆ๐ƒ๐‘ ๐š๐ง๐ ๐จ๐ข๐ฅ-๐œ๐ฅ๐จ๐ฌ๐ž

 

Morning,

 

 

ย The Jakarta Composite Index (JCI) today (11/9) is expected to trade between 6,990pt โ€“ 7,120pt to attempt higher being supported by bargain hunters.

 

ย The JCI is expected to be haunted back by fear of COVID-19 attacks as the government yesterday extended the public mobility restriction (โ€œPPKMโ€™) Level 1, nationwide. In the capital city Jakarta, the positivity rate of new cases climbed to 25.7% yesterday.ย 

 

Meanwhile, yesterday ย (11/8) Wall Street ended with the DJIA closed higher by ย 331 points or 1.0% to 33,161pt, while the S&P500 and the Nasdaq closed higher by 0.6% and 0.5%, respectively. A mixed government has been claimed to be a more market-friendly outcome for the midterm election in the US.

The 10-year US Treasury yield, meanwhile, fell by 7 basis points at 4.14% last week, and the yield on the policy-sensitiveย 2-year Treasuryย declined by 6 basis points to 4.667%.

 

Yesterday, the price of ย WTI crude fell by 2.9%, to USD89.2 a barrel, mainly on worries about demand prospects along with news on news that COVID-19 outbreaks worsened in top crude importer China. Meanwhile, the USDIDR ย closed atย  IDR15,692 vs. IDR15,736 the previous one.

 

 

Cheers,

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