The JCI January 18, 2022
๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ฅ๐จ๐ฌ๐๐ ๐๐จ๐ซ ๐ฉ๐ฎ๐๐ฅ๐ข๐ ๐ก๐จ๐ฅ๐ข๐๐๐ฒ ๐ฒ๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (1/18) is expected to trade between 6,610pt – 6,685pt and to attempt higher also on the back of ย bargain hunters.
Today ย the JCI is expected to trade within narrow range for lack of catalysts as Wall Street was on holiday yesterday (1), the direction of Indonesia COVID-19 pandemic trend (2), among others. However, year-to-date higher trend of major commodity prices is an important support, also as indicated by the yield of 10-year Indonesia government bond which closed lower by 1bp during the last trading, at 6.389%.
The JCI yesterday (1/17) performed slightly worse-than-expected, although not surprisingly. Volume yesterday was recorded at a total value of IDR9.8tr, meaningfully lower as compared to year-to-date daily average of IDR12.2tr.ย ย Uncertainties from outside the country , in addition to lower-than-estimated Indonesia December trade surplus have been linked to yesterdayโs JCI move.ย Indonesia Decemberโs trade data was released yesterday with a total net surplus of USD1.0bn as compared to the estimate of USD2.2bn.
At the other end, yesterday ย the WTI price closed higher by 0.4% to USD84.1/barrel, ย mainly on supply concern along with sectorโs statistic that ย indicates producersโ incapacity, for simultaneously many ย reasons, to catch-up current and prospect demand.ย Meanwhile, the USDIDR closed ย at IDR14,323 ย vs. IDR14,310 ย the previous one.
Cheers,