The JCI January 17, 2022
๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐:๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐ ๐ซ๐ข๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ ๐๐๐๐ ๐๐ฅ๐จ๐ฌ๐๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐๐ฒ ๐.๐% ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ’ ๐๐จ๐ง๐๐๐ซ๐ง ๐จ๐ฏ๐๐ซ ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐ฆ๐๐ฃ๐จ๐ซ ๐ฅ๐ข๐ฌ๐ญ๐๐-๐๐๐ง๐ค๐ฌ ๐ญ๐ก๐๐ญ ๐ฌ๐ก๐จ๐ฐ๐๐ ๐ฌ๐ข๐ ๐ง๐ข๐๐ข๐๐๐ง๐ญ ๐ฃ๐ฎ๐ฆ๐ฉ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ฌ๐ญ / ๐๐ฑ๐ฉ๐๐ง๐ฌ๐๐ฌ ๐ฅ๐ข๐ง๐๐ฌ, ๐๐๐ฌ๐ฉ๐ข๐ญ๐ ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐ซ๐๐ฏ๐๐ง๐ฎ๐ ๐๐ง๐ ๐๐๐ซ๐ง๐ข๐ง๐ ๐ฌ ๐๐จ๐ซ ๐ฅ๐๐ฌ๐ญ ๐ฒ๐๐๐ซ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ย ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (1/17) is expected to trade between 6,650pt – 6,740pt and to attempt higher also on the back of ย bargain hunters. Meanwhile, Friday last week (1/14) the DJIA closed lower by 202pt or 0.6% to 35,912pt, while the S&P500 and the Nasdaq Composite ย ย both closed higher by 0.8% and 0.6%, respectively.
The JCI today ย is expected to be supported by commodity prices, also with thermal coal latest-closed at USD217/tonneย back to trend-up into ย record high of USD269/tonne in October last year, while upside maybe limited by higher yield differential with major economies such as the US. ย The yield of the benchmark 10-year government bonds in Indonesia closed lower by 1bp, while that of the same tenor closed higher by 7bp. The US bond market seemed to ignore the countryโs Decemberโs retail sales data ย that came in worse than expected on Friday, showing a decline of 1.9% vs. the consensus estimate of a decline by 0.1%.
At the other end, Friday last week ย the WTI price closed higher by 2.1% to USD83.8/barrel, ย following a correction of 0.6% the previous close, most cited supply structure of the sector as the main cause. In addition, geopolitical risk of Russia to release troops, of 100,000 ย ready in the ย border of the neighbouring Ukraine, added to the pressure. ย ย Meanwhile, the USDIDR closed ย at IDR14,310 ย vs. IDR14,311 ย the previous one.
Cheers,