The JCI trading range: November 9, 2022
๐๐จ๐ฏ๐๐ฆ๐๐๐ซ ๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐:๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ฃ๐จ๐ซ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐ข๐๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฒ ๐๐ฅ๐จ๐ฌ๐ ๐ญ๐จ ๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ญ๐ก๐ ๐ฉ๐จ๐ฌ๐ฌ๐ข๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐ญ๐ก๐๐ญ ๐ญ๐ก๐ ๐๐๐ฉ๐ฎ๐๐ฅ๐ข๐๐๐ง ๐๐๐ซ๐ญ๐ฒ ๐ญ๐จ ๐ฐ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ง๐ ๐ซ๐๐ฌ๐ฌ’ ๐ฌ๐๐๐ญ ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐ฆ๐ข๐๐ญ๐๐ซ๐ฆ ๐๐ฅ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ญ๐๐ซ๐ญ๐๐ ๐ฒ๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
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 (โPPKMโ) 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,