The JCI February 3, 2022
๐ ๐๐๐ซ๐ฎ๐๐ซ๐ฒ ๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐:๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐:ย ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ฃ๐จ๐ซ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐ข๐๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฒ ๐๐ฅ๐จ๐ฌ๐ ๐ญ๐จ ๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐ฃ๐จ๐ ๐๐๐ญ๐ ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐๐ ๐ ๐ฅ๐๐ฌ๐ฌ-๐ก๐๐ซ๐ฌ๐ก ๐ญ๐ข๐ ๐ก๐ญ๐๐ง๐ข๐ง๐ ๐๐ฒ ๐ญ๐ก๐ ๐๐๐ง๐ญ๐ซ๐๐ฅ ๐๐๐ง๐ค
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (2/3) is expected to trade between 6,660pt – 6,760pt ย to attempt higher and ย supported by ย bargain hunters. ย The JCI today is expected to continue be supported by the countryโs improving consumer confidence as is reflected in the Januaryโs inflation data. However, upside of the JCI today may be limited by rising new cases of COVID-19 , expecially in the Jakarta city, of 21.6% positivity rate or the year-high in the last record.
Meanwhile, Wall Street yesterday (2/2) ย ended with the DJIA closed higher by 224pt, or 0.6% to 35,629pt, while the S&P500 and the Nasdaq Composite both closed higher by 0.9% and 0.5%, respectively. Yesterday, the US equity market also responded to the release ofย private US payrolls fell by 301k in January, or below the expectation of an addition of 200k. Januaryโs data marks the first time in more than a year that private payrolls fell.
At the other end, yesterday ย the WTI ย price closed higher by 6 cents to USD88.3/barrel, mainly as OPEC+ members decided yesterday to return output to the market by 400k bpd in response of current increasing crude price. The Group back in April 2020 decided to cut total membersโ production of 10mn bpd and gradually returning it to the sector over the next months to adjust. Meanwhile, the USDIDR closed ย at IDR14,347 vs. IDR14,392 ย the previous one.
Cheers,