The JCI August 12, 2020
Aᴜɢᴜsᴛ 12, 2020
* Tʜᴇ JCI ᴛʀᴀᴅɪɴɢ ʀᴀɴɢᴇ: 5,140ᴘᴛ – 5,225ᴘᴛ (Yᴇsᴛᴇʀᴅᴀʏ ᴄʟᴏsᴇ: 5,190ᴘᴛ)
* Wᴀʟʟ Sᴛʀᴇᴇᴛ ᴇɴᴅᴇᴅ ʟᴏᴡᴇʀ ᴏɴ ᴘʀᴏꜰɪᴛ – ᴛᴀᴋɪɴɢs ᴀꜰᴛᴇʀ 7-ᴅᴀʏs ʀᴀʟʟʏ
* Tʜᴇ JCI ɪs ᴇxᴘᴇᴄᴛᴇᴅ ᴛᴏ ʙᴇ ᴘʀᴏɴᴇ ᴏꜰ sᴇʟʟɪɴɢ ᴘʀᴇssᴜʀᴇs ʙᴜᴛ sᴛʀᴏɴɢᴇʀ ᴄʟᴏsᴇ ᴏꜰ USDIDR sᴜᴘᴘᴏʀᴛs
Morning,
The Jakarta Composite Index (JCI) today (12/8) is expected to fluctuate and be in the range of 5,100pt – 5,225pt by support of stable USDIDR . Meanwhile yesterday (11/8) in Wall Street the DJIA ended lower by 105 points or 0.4% at 27,687pt , while the S&P500 and the Nasdaq both lost by 0.8% and 0.7%, respectively.
𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐒𝐞𝐜𝐭𝐨𝐫
𝐒𝐡𝐨𝐮𝐥𝐝 𝐛𝐞𝐧𝐞𝐟𝐢𝐭 𝐟𝐫𝐨𝐦 𝐳𝐞𝐫𝐨-𝐭𝐨𝐥𝐞𝐫𝐚𝐧𝐜𝐞 𝐨𝐟 𝐜𝐨𝐫𝐫𝐮𝐩𝐭𝐢𝐨𝐧 𝐚𝐭 𝐚𝐥𝐥 𝐝𝐢𝐦𝐞𝐧𝐬𝐢𝐨𝐧𝐬
The latest and the 2019 data on Corruption Perception Index (source: Transparency International @ www.ti.or.id), Indonesia currently scored 40pt and ranked 85th from total 180 countries under coverage. The latest position was an improvement as compared to that of in 2015 which scored 36pt and ranked 88th from total 168 countries under coverage.
Last year, global average of the Index was at 43pt while average for the ASEAN countries was at 46pt. Based on Transparency International that track corruption level in the world since 1995, countries with the least exposure on corruption currently earned by, in order of the highest ranks, Denmark and New Zealand both scored 87pt, Finland(86pt), Singapore (85pt), Sweden (85pt) and Switzerland(85pt), and Norway (84pt).
The above descriptions pointed that Indonesia situation on corruption is improving but still can be much-better. With the latest giant cases that involved both in the country capital market or outside, for example, Jiwasraya insurance case, and previously the surprising and concerning-yet-amusing of e-KTP case, the country still need a more of revolutionary-changed of role models, to cover as many-spans-of official leaders, to bring any corruption Index to the highest possible level, in our observation.
Anyway, at the other end, the country central Statistics office (BPS or “Badan Pusat Statistik”) also tracks corruption manners since the year 2012 with an out-put of Indeks Perilaku Anti Korupsi (IPAK or “Anti Corruption Manner Index”) with scale of 0 to 5, the highest indicate zero tolerance manners.
In recent years, the IPAK indices have improved, from 3.55pt in 2012 to 3.59pt in 2015, to 3.66pt in 2018, and latest to 3.77pt last year. However, the improving trend has not hit the government target of 4.00pt index.
Both the international and domestic-based research indicate room for further improvement for Indonesia corruption manners. Less corruptions means more welfare for people and consumers.
At the other end, yesterday the WTI price closed higher by 1.7% to USD42.3/barrel on weaker USD index. Meanwhile the USDIDR closed at IDR14.728 vs. IDR14.750 the previous one.and
We advise the following recommendation , for both trading and longer-time investment purpose. 𝐀𝐀𝐋𝐈, 𝐋𝐒𝐈𝐏 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘈𝘨𝘳𝘪, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘜𝘯𝘥𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵 ), 𝐔𝐍𝐓𝐑, 𝐈𝐓𝐌𝐆, 𝐀𝐃𝐑𝐎, 𝐏𝐓𝐁𝐀 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘊𝘰𝘢𝘭 𝘔𝘪𝘯𝘪𝘯𝘨, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘔𝘢𝘳𝘬𝘦𝘵-𝘸𝘦𝘪𝘨𝘩𝘵), 𝐆𝐆𝐑𝐌, 𝐔𝐍𝐕𝐑, 𝐈𝐂𝐁𝐏 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘊𝘰𝘯𝘴𝘶𝘮𝘦𝘳, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘖𝘷𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵 ), 𝐀𝐒𝐈𝐈 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘈𝘶𝘵𝘰𝘮𝘢𝘵𝘪𝘷𝘦, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘔𝘢𝘳𝘬𝘦𝘵-𝘸𝘦𝘪𝘨𝘩𝘵), 𝐚𝐧𝐝 𝐀𝐂𝐄𝐒, 𝐒𝐂𝐌𝐀, 𝐌𝐀𝐏𝐈 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘛𝘳𝘢𝘥𝘦, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘖𝘷𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵),𝐚𝐧𝐝 𝐓𝐊𝐈𝐌 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘉𝘢𝘴𝘪𝘤 𝘐𝘯𝘥𝘶𝘴𝘵𝘳𝘺, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘔𝘢𝘳𝘬𝘦𝘵-𝘸𝘦𝘪𝘨𝘩𝘵).
Cheers,