The JCI February 16, 2022

๐…๐ž๐›๐ซ๐ฎ๐š๐ซ๐ฒ ๐Ÿ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Ÿ“๐ฉ๐ญ – ๐Ÿ”,๐Ÿ–๐Ÿ–๐ŸŽ๐ฉ๐ญ (๐˜๐ž๐ฌ๐ญ๐ž๐ซ๐๐š๐ฒ ๐œ๐ฅ๐จ๐ฌ๐ž: ๐Ÿ”,๐Ÿ–๐ŸŽ๐Ÿ–๐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ฌ๐จ๐ฆ๐ž ๐Ÿ.๐Ÿ“%, ๐š๐ฅ๐ฌ๐จ ๐จ๐ง ๐ญ๐ก๐ž ๐ง๐ž๐ฐ๐ฌ ๐ญ๐ก๐š๐ญ ๐‘๐ฎ๐ฌ๐ฌ๐ข๐š ๐ก๐š๐ฌ ๐ซ๐ž๐ญ๐ฎ๐ซ๐ง๐ž๐ ๐ฉ๐š๐ซ๐ญ ๐จ๐Ÿ ๐ข๐ญ๐ฌ ๐ญ๐ซ๐จ๐จ๐ฉ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐”๐ค๐ซ๐š๐ข๐ง๐ž ๐›๐จ๐ซ๐๐ž๐ซ ๐ญ๐จ ๐ญ๐ก๐ž ๐›๐š๐ฌ๐ž

* ๐“๐ก๐ž ๐‰๐‚๐ˆ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ ๐š๐ข๐ง ๐ž๐๐ ๐ž ๐š๐ง๐ 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,

 

The Jakarta Composite Index (JCI) today (2/16) is expected to trade between 6,725pt – 6,880pt ย mostly in the green zone ย and ย supported by ย bargain hunters. ย ย The JCI today is expected to share regional positive sentiments on the reduced-geopolitical risks between ย Russia and Ukraine. ย In addition, slightly declining trend of new cases of COVID-19 in the capital Jakarta city ย in the last few days should help support the JCI.ย  Also, Indonesia January trade data which was released yesterday, at a surplus of USD930mn vs. the estimated USD200mn surplus, is another factor to support the JCI.ย  ย However, consolidation in the commodities price is expected to limit upside.

 

Meanwhile, Wall Street yesterday (2/15)ย  ended with the DJIA closed higher by 423pt, or 1.2% to 34,989pt, while the S&P500 and the Nasdaq Composite both closed higher by 1.6% and 2.5%, respectively. At the other end, the yield of the benchmark 10-year US Treasury note closed higher by 4bp to 2.04%, to indicate prefrence on riskier assets.

 

Yesterday ย the WTI ย price closed lower by 3.6% to USD92.1/barrel, mainly on the news that part of Russiaโ€™s troop in the border of Ukraine retreated the base point, reducing fear of supply disruption. Meanwhile, the USDIDR closed ย at IDR14,292 vs. IDR14,338 the previous one.

 

 

Cheers,

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