The JCI July 29, 2021
๐๐ฎ๐ฅ๐ฒ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐:๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ช ๐๐ฅ๐จ๐ฌ๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฒ ๐.๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐ญ๐ก๐ ๐ ๐๐ ๐๐ก๐๐ข๐ซ๐ฆ๐๐ง ๐ฌ๐ญ๐๐ญ๐๐ฆ๐๐ง๐ญ ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ฎ๐ฅ๐ฒ’๐ฌ ๐ ๐๐๐ ๐ซ๐๐ฅ๐๐๐ฌ๐ ๐ญ๐ก๐๐ญ ๐ญ๐ก๐ ๐๐๐ง๐ค ๐ข๐ฌ ๐ข๐ง ๐ฆ๐จ๐ง๐ข๐ญ๐จ๐ซ ๐๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ฌ๐ฎ๐๐ฌ๐ญ๐๐ง๐ญ๐ข๐๐ฅ ๐ฉ๐ซ๐จ๐ ๐ซ๐๐ฌ๐ฌ ๐ข๐ง ๐ญ๐๐ซ๐ฆ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ ๐ฅ๐๐๐จ๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐๐๐จ๐ซ๐ ๐ข๐ญ ๐ฌ๐ญ๐๐ซ๐ญ๐ฌ ๐ญ๐๐ฉ๐๐ซ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐ ๐ซ๐๐ฆ๐ฌ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (7/29) ย is expected to trade between 6,050pt to 6,150pt and to gain edge within the sideways, also supported by bargain hunters.
Meanwhile, yesterday ย (7/28) Wall Street ended with the DJIA closed lower by 126 points or 0.2% to 34,931pt, while the S&P500 and the Nasdaq both closed lower by 0.02% and higher by 0.7%, ย respectively. As expected, the US central bank kept the FFR unchanged during this monthโs FOMC, citing also the spread of the new variant of COVID-19 ย among factors being considered.
In its latest release of July 27, the IMF maintains global growth estimate for 2021 at 6.0% YoY, unchanged from the Aprilโs one.ย Growth drivers within the Advanced Economies (AE) are those of the US (7.0% YoY), and the United Kingdom (7.0% YoY). Nevertheless, given the latest development of the Developing Economies (DE) ย which currently being estimated to grow by 6.3% YoY, divergences of growth pace among the AE and DE is expected to widen coming to the year-end. This implies a less possibility of pleasant sharp surprises for equity indices in the DE, we reckon.
At the other end, yesterdayย the WTI price closed higher by 1.0% to USD72.4/barrel, mainly supported by weekly US crude inventories data release by the EIA that recorded a decrease of4.1mn barrels or higher-than-estimated. ย ย Meanwhile, the USDIDR ย closed ย at IDR14,498 vs. IDR14,494 the previous one.
We advise the following recommendations, for both trading and longer-time investment purpose. ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐จ๐ณ๐ช, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ฏ๐ฅ๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต ), ๐๐๐๐, ๐๐๐๐, ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ฐ๐ข๐ญ ๐๐ช๐ฏ๐ช๐ฏ๐จ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต), ๐๐๐๐, ๐๐๐๐, ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ฐ๐ฏ๐ด๐ถ๐ฎ๐ฆ๐ณ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ท๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต ), ๐๐ง๐ ๐๐๐๐, ๐๐๐๐, ๐๐๐๐,๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ณ๐ข๐ฅ๐ฆ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ท๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต),๐๐ง๐ ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ข๐ด๐ช๐ค ๐๐ฏ๐ฅ๐ถ๐ด๐ต๐ณ๐บ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต).
Cheers,