๐ ๐๐๐ซ๐ฎ๐๐ซ๐ฒ ๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย (๐๐จ๐ง๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ซ๐จ๐๐๐๐ซ ๐&๐๐๐๐ ๐๐ง๐ ๐๐๐ฌ๐๐๐ช ๐๐จ๐ฆ๐ฉ๐จ๐ฌ๐ข๐ญ๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐๐ฒ ๐๐ฅ๐จ๐ฌ๐ ๐ญ๐จ ๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ฃ๐ข๐ญ๐ญ๐๐ซ๐ฌ ๐จ๐ฏ๐๐ซ ๐ญ๐ก๐ ๐ข๐ง๐๐จ๐ฆ๐ข๐ง๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐ข๐ง๐๐ฅ๐๐ญ๐ข๐จ๐ง ๐๐๐ญ๐, ๐๐ฆ๐จ๐ง๐ ๐จ๐ญ๐ก๐๐ซ๐ฌ, ๐๐๐ญ๐๐ซ ๐ญ๐ก๐ ๐ฆ๐ฎ๐๐ก-๐ก๐ข๐ ๐ก๐๐ซ-๐ญ๐ก๐๐ง-๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐๐๐ง๐ฎ๐๐ซ๐ฒ’๐ฌ ๐ฃ๐จ๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (2/8) is expected to trade between 6,760pt – 6,880pt ย to attempt higher and ย supported by ย bargain hunters. ย The JCI today is expected to still be in the euphoria of the countryโs higher-than-expected 4Q21 GDP figures.ย Nevertheless, upside is to be restrained by latest position of the capital city Jakarta pandemic-restriction measures. Effective today the cityโs activitiesโ level return to 25%-50% maximum activitiesโ (Level 3) as compared to the previous 75%-100% level.
ย Indonesia GDP growth in the 4Q21 hit rate of 5.02% YoY, and 1.06% QoQ, while for the full year 2021 recorded a growth rate of 3.69% YoY. The full year figure actually less-than-widely expected, of the latest estimate ย range of ย 3.8% to 4.5% YoY. As for 4Q21, we had estimated a general growth rate across the sector of 3% to factor in lift of activities restrictions,and ย proven to be an overestimate. Overall, the domestic equity market positively response for the countryโs 4Q21 economic improvement together with immediate-future counting, we reckon.
Meanwhile, Wall Street yesterday (2/7) ย ended with the DJIA closed higher by 1pt, or 0.00% to 35,091pt, while the S&P500 and the Nasdaq Composite both closed lower by 0.4% and 0.6%, respectively. A major investment bank somehowย envisioning a 7 (seven) 0.25ppt-hike to occur this year. Higher financial charges is expected to significantly impacted the companies expenses, especially those of main constituents in the S&P500 and the Nasdaq.
At the other end, last week ย the WTI ย price closed lower by 1.1% to USD91.3/barrel, mainly on prospect output from Iran along with the restoration of sanctions waiver of the country by the US. ย Meanwhile, the USDIDR closed ย at IDR14,404 vs. IDR14,376 ย the previous one.
Cheers,