The JCI December 28, 2021
Dᴇᴄᴇᴍʙᴇʀ 28, 2021
* Tʜᴇ JCI ᴛʀᴀᴅɪɴɢ ʀᴀɴɢᴇ: 6,540ᴘᴛ – 6,620ᴘᴛ ( Yᴇsᴛᴇʀᴅᴀʏ ᴄʟᴏsᴇ: 6,563ᴘᴛ)
* Wᴀʟʟ Sᴛʀᴇᴇᴛ ᴇɴᴅᴇᴅ ᴡɪᴛʜ ᴛʜᴇ S&P500 ᴄʟᴏsᴇᴅ ᴀᴛ ɪᴛs 69ᴛʜ ʀᴇᴄᴏʀᴅ-ʜɪɢʜ ɪɴ ᴛʜᴇ ʏᴇᴀʀ, ᴍᴀɪɴʟʏ ᴏɴ ɪɴᴠᴇsᴛᴏʀs’ ʀᴏᴜɢʜ ᴀssᴜᴍᴘᴛɪᴏɴ ᴏꜰ Oᴍɪᴄʀᴏɴ ʙᴇɪɴɢ ᴛʜᴇ sɪɢɴ ᴏꜰ ᴛʜᴇ ᴇɴᴅ ᴏꜰ ᴛʜᴇ COVID-19 ᴘᴀɴᴅᴇᴍɪᴄ
* Tʜᴇ JCI ɪs ᴇxᴘᴇᴄᴛᴇᴅ ᴛᴏ ɢᴀɪɴ ᴇᴅɢᴇ sᴜᴘᴘᴏʀᴛᴇᴅ ʙʏ sᴛᴀʙʟᴇ USDIDR ᴀɴᴅ ᴏɪʟ-ᴄʟᴏsᴇ
Morning,
The Jakarta Composite Index (JCI) today (12/28) is expected to trade between 6,540pt – 6,620pt to be mostly in green also on the back of bargain hunters. Meanwhile, yesterday (12/27) in Wall Street, the DJIA closed higher by 352pt or 1% to 36,302pt, while the S&P500 and the Nasdaq Composite also closed higher, by 1.4%. The United States (US) bond market was fairly stable with the yield of the benchmark 10-year Treasury note closed lower by 1.4bp to 1.479%. The overal vibes is positive also supported by the release of the US November’s Core PCE at and increase of 4.7% YoY (October: 4.1% YoY) , higher than the estimated 4.5% YoY.
The JCI today is expected to be fairly slow and narrow also in anticipation for the year end close. However, while trading value was slow yesterday, at IDR8.5tr, foreign inflow backed, total net Buy of IDR206bn ,while a net Sell in the regular market of IDR96.1bn. At the other end, COVID-19 pandemic indicator, in the capital city Jakarta tends to slightly increase. The range of record of daily positivity rates pointed to 0.1% – 0.6% during the last 7 (seven) days, versus previous weeks of between 0.2% – 0.4%.
At the other end, yesterday the WTI price closed higher by 2.4% to USD75.6/barrel, mainly on still supply uncertainties despite news of huge cancellations of flight by the US airlines. Meanwhile, the USDIDR closed at IDR14,225 vs. IDR14,219 the previous one.
We advise the following recommendations, 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), 𝐒𝐈𝐃𝐎, 𝐔𝐋𝐓𝐉, 𝐔𝐍𝐕𝐑, 𝐈𝐂𝐁𝐏 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘊𝘰𝘯𝘴𝘶𝘮𝘦𝘳, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘖𝘷𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵 ), 𝐚𝐧𝐝 𝐀𝐂𝐄𝐒, 𝐒𝐂𝐌𝐀, 𝐌𝐀𝐏𝐈,𝐌𝐍𝐂𝐍 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘛𝘳𝘢𝘥𝘦, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘖𝘷𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵),𝐚𝐧𝐝 𝐓𝐊𝐈𝐌 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘉𝘢𝘴𝘪𝘤 𝘐𝘯𝘥𝘶𝘴𝘵𝘳𝘺, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘔𝘢𝘳𝘬𝘦𝘵-𝘸𝘦𝘪𝘨𝘩𝘵).
Cheers,