The JCI March 13, 2023
๐๐๐ซ๐๐ก ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐ ๐ซ๐ข๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ฃ๐จ๐ซ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐๐ฑ๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐๐ฒ ๐๐ซ๐จ๐ฎ๐ง๐ ๐.๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒย ๐๐ซ๐ข๐ฏ๐๐ง ๐๐ฒ ๐๐จ๐ง๐๐๐ซ๐ง๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐๐๐ง๐ญ๐ซ๐๐ฅ ๐๐๐ง๐ค ๐ญ๐จ ๐ซ๐๐ข๐ฌ๐ ๐ฉ๐จ๐ฅ๐ข๐๐ฒ ๐ซ๐๐ญ๐ ๐๐จ๐ซ ๐ฅ๐จ๐ง๐ ๐๐ซ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ญ๐ก๐ ๐ซ๐๐ฅ๐๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ’๐ฌ ๐ ๐๐๐ซ๐ฎ๐๐ซ๐ฒ ๐ฃ๐จ๐ ๐๐๐ญ๐
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (3/13) is expected to trade between 6,700ptโ6,840pt to attempt higher and be supported by bargain hunters. ย The JCI is expected to be volatile today, however the latest news about the collapse of Silicon Valley Bank may reduce short-term uncertainties.
The US regulators approved plans Sunday (3/12) to backstop both depositors and financial institutions associated with Silicon Valley Bank.
Also, The Federal Reserve stepped in with a separate facility that will provide loans up to one year for institutions affected by the bank failures.
Meanwhile, Friday last week ย (3/10) on Wall Street, the DJIA closed lower by 345 points or 1.1% to 31,910pt, while the S&P500 and the Nasdaq closed lower by 1.5% and ย 1.8%, respectively. ย Broader US employment data for February beat expectations with nonfarm payrolls rising by 311,000, compared with expectations of 205,000ย jobs added, according to a Reuters survey.
Friday, the 10-year United States Treasury yield closed 23 basis points lower at 3.691%.ย The yield on the policy-sensitiveย 2-year Treasury yield fell 32 basis points at 4.58%.
Last week, the price of WTI closed higher by 1.3% to USD76.7/ barrel, also mainly on caution of the US job data, mainly on technical rebound.ย Meanwhile, the USDIDR closed atย IDR15,468 vs. IDR15,438 the previous one.
Cheers,