The JCI June 17, 2020

Jᴜɴᴇ 17, 2020

* Tʜᴇ JCI ᴛʀᴀᴅɪɴɢ ʀᴀɴɢᴇ: 4,950ᴘᴛ – 5,100ᴘᴛ  ( Yᴇsᴛᴇʀᴅᴀʏ ᴄʟᴏsᴇ: 4,987ᴘᴛ)

* Wᴀʟʟ Sᴛʀᴇᴇᴛ ᴇɴᴅᴇᴅ ʜɪɢʜᴇʀ ʙʏ ᴄ.2% ᴏɴ ʀᴇᴛᴀɪʟ sᴀʟᴇs ᴅᴀᴛᴀ, ɴᴇᴡs ᴏꜰ ᴅɪʀᴇᴄᴛ ᴘᴜʀᴄʜᴀsᴇ ᴏꜰ ᴄᴏʀᴘᴏʀᴀᴛᴇ ʙᴏɴᴅs ʙʏ ᴛʜᴇ Fᴇᴅ, ᴀɴᴅ Cᴏᴠɪᴅ-19 ᴠᴀᴄᴄɪɴᴇ’s ᴘʀᴏᴍɪssɪɴɢ ᴘʀᴏɢʀᴇss

* Tʜᴇ JCI ɪs ᴇxᴘᴇᴄᴛᴇᴅ ᴛᴏ ɢᴀɪɴ ᴇᴅɢᴇ ʙᴜᴛ ʟɪᴍɪᴛᴇᴅ ʙʏ ᴄᴀᴜᴛɪᴏᴜs ᴏɴ ᴍᴏɴᴇᴛᴀʀʏ sᴛᴀɴᴄᴇ ᴛᴏ ʙᴇ ᴀɴɴᴏᴜɴᴄᴇᴅ ʙʏ Bᴀɴᴋ Iɴᴅᴏɴᴇsɪᴀ (BI) ᴛᴏᴍᴏʀʀᴏᴡ

Morning,

The Jakarta Composite Index (JCI) today (17/6) is expected to be in the range of 4,950pt – 5,100pt likely to share the positive vibes of the United States market but geopolitical tensions in Asia created new jitters. In addition, the IMF issued statement that global economy is set to see higher contractions which implied another downward  revisions on the growth estimates. Meanwhile in Wall Street yesterday (16/6)  the  DJIA closed higher at 26,290pt or by  527 points or 2.0%  while the S&P500 and the Nasdaq both ended higher by 1.9% and  1.8%, respectively.

At the other end, yesterday the WTI price closed higher a t USD38.4/barrel or by  3.4% against the previous close for prospect of supply cut impact. Meanwhile the  USDIDR  closed stable at IDR14.155 vs. IDR14.228 the previous one.

We advise the following recommendation as for now, for both trading and longer-time investment purpose. 𝐀𝐀𝐋𝐈, 𝐋𝐒𝐈𝐏 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘈𝘨𝘳𝘪, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘜𝘯𝘥𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵 ), 𝐔𝐍𝐓𝐑, 𝐈𝐓𝐌𝐆, 𝐀𝐃𝐑𝐎, 𝐏𝐓𝐁𝐀 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘊𝘰𝘢𝘭 𝘔𝘪𝘯𝘪𝘯𝘨, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘔𝘢𝘳𝘬𝘦𝘵-𝘸𝘦𝘪𝘨𝘩𝘵), 𝐆𝐆𝐑𝐌, 𝐔𝐍𝐕𝐑, 𝐈𝐂𝐁𝐏 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘊𝘰𝘯𝘴𝘶𝘮𝘦𝘳, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘖𝘷𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵 ), 𝐀𝐒𝐈𝐈 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘈𝘶𝘵𝘰𝘮𝘢𝘵𝘪𝘷𝘦, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘔𝘢𝘳𝘬𝘦𝘵-𝘸𝘦𝘪𝘨𝘩𝘵), 𝐚𝐧𝐝 𝐀𝐂𝐄𝐒, 𝐒𝐂𝐌𝐀, 𝐌𝐀𝐏𝐈 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘛𝘳𝘢𝘥𝘦, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘖𝘷𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵),𝐚𝐧𝐝 𝐓𝐊𝐈𝐌 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘉𝘢𝘴𝘪𝘤 𝘐𝘯𝘥𝘶𝘴𝘵𝘳𝘺, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘔𝘢𝘳𝘬𝘦𝘵-𝘸𝘦𝘪𝘨𝘩𝘵).

Cheers,