The JCI March 27, 2020

Mᴀʀᴄʜ 27, 2020

* Tʜᴇ JCI ᴛʀᴀᴅɪɴɢ ʀᴀɴɢᴇ: 4,240ᴘᴛ – 4,500ᴘᴛ (Yᴇsᴛᴇʀᴅᴀʏ ᴄʟᴏsᴇ: 4,339ᴘᴛ)

* Wᴀʟʟ Sᴛʀᴇᴇᴛ ᴇxᴛᴇɴᴅᴇᴅ ɢᴀɪɴ ʏᴇsᴛᴇʀᴅᴀʏ ʙʏ 6% ᴀᴍɪᴅ ʜɪsᴛᴏʀɪᴄ-ʀᴇᴄᴏʀᴅ ᴊᴏʙʟᴇss ᴄʟᴀɪᴍs ᴏғ 3.28ᴍɴ (ʟᴀsᴛ ʀᴇᴄᴏʀᴅ  ᴏғ 695ᴋ ɪɴ 10/82), ʙᴜᴛ ʙᴇᴛᴛᴇʀ-ᴛʜᴀɴ-ᴄᴏɴsᴇɴsᴜs ᴇsᴛɪᴍᴀᴛᴇ ᴏғ 4ᴍɴ ᴄʟᴀɪᴍs

* Tʜᴇ JCI ɪs ᴇxᴘᴇᴄᴛᴇᴅ ᴛᴏ ʙᴇ ᴠᴏʟᴀᴛɪʟᴇ ᴀᴍɪᴅ ʀᴇᴠᴇʀsɪɴɢ ᴏɪʟ ᴄʟᴏsᴇ ᴡʜɪᴄʜ ᴡᴀs ʟᴏᴡᴇʀ ʙʏ 8% ᴛʜᴀɴ ᴛʜᴇ ᴘʀᴇᴠɪᴏᴜs ᴏɴᴇ

Morning,

The Jakarta Composite Index (JCI) today (27/3) is expected to be in the range of 4,240pt-4,500pt. Meanwhile, yesterday  (26/3) in the United States (US), the DJIA  closed higher by 1,352 points or 6.4%  to 22,552pt, and the S&P500 ended higher by 6.2%  while  the Nasdaq dipped by 5.6%. The US Senate unanimously  approved on USD2tr economic stimulus package that include checks sent to taxpayers within three weeks time.

Meanwhile, the WTI price closed at USD22.6/barrel or lower by 7.8% during the last trade vs. USD24.5/barrel the previous close.  At the other end, USDIDR closed to IDR16,328 vs. IDR16,486  the previous one.

We advise the following recommendation as for now. 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,