The JCI March 11, 2022

𝐌𝐚𝐫𝐜𝐡 𝟏𝟏, 𝟐𝟎𝟐𝟐

CLOSING

Evening,

The Jakarta Composite Index (JCI) today (3/11) was in volatile sessions and moving in the lower range of our estimate to close at 6,922pt, down by 0.02%. Bargain hunters later in the session pushed the JCI off its intra-day low of 6,854pt.  Total trading value is IDR14.4tr , while foreign funds a net Sell of IDR74bn.

Stocks most traded by value is BBRI (IDR12.2tr, down by 3.7% to IDR4,400), ANTM (IDR933bn, donw by 1.9% to IDR2,520), TLKM (IDR644.1tr, up by 4.1% to IDR4,590), BBCA (IDR477.4bn, up by 0.32% to IDR7,950).   Today’s  sessions marked a consolidating pattern for most mining counters, except for UNTR which closed higher by 2.9% to IDR26,700, among others. Bargain hunters also hit the construction sector, with WIKA and WSKT closed higher by 9.4%, and 5.2% respectively, among others.

The USDIDR closed  at IDR14,306 vs. IDR14,298 the previous one, while the yield of the 10-year Indonesian government bonds closed lower by 3bp (0.03%) to 6.731%.

Cheers,