The JCI March 30, 2020

Mᴀʀᴄʜ 30, 2020

* Tʜᴇ JCI ᴛʀᴀᴅɪɴɢ ʀᴀɴɢᴇ : 4,350ᴘᴛ – 4,625ᴘᴛ  ( Fʀɪᴅᴀʏ ᴄʟᴏsᴇ:  4,546ᴘᴛ)

* Wᴀʟʟ Sᴛʀᴇᴇᴛ ʟᴏsᴛ ᴀɢᴀɪɴ ᴀꜰᴛᴇʀ sᴛɪᴍᴜʟᴜs ᴄʜᴇᴄᴋs ᴀᴘᴘʀᴏᴠᴇ,  ᴀs ᴛʜᴇ Uɴɪᴛᴇᴅ Sᴛᴀᴛᴇs (US) ᴄᴏɴᴛɪɴᴜᴇᴅ ᴛᴏ ʀᴀɴᴋ ᴀs ᴛʜᴇ ᴡᴏʀʟᴅ ʜɪɢʜᴇsᴛ ᴡɪᴛʜ Cᴏᴠɪᴅ-19 ɪɴꜰᴇᴄᴛᴇᴅ ᴄᴀsᴇs

* Tʜᴇ JCI ɪs ᴇxᴘᴇᴄᴛᴇᴅ ᴛᴏ ᴄᴏɴsᴏʟɪᴅᴀᴛᴇ ᴀꜰᴛᴇʀ 2-ᴅᴀʏs ᴄᴏɴsᴇᴄᴜᴛɪᴠᴇ ʀᴇᴠᴇʀsᴀʟ

Morning,

The Jakarta Composite Index (JCI) today (30/3) is expected to be in the range of 4,350pt-4,625pt, likely be in a selling pressures mode as Coronavirus outbreak is moving to its peak world-wide. Meanwhile, Friday last week  (27/3) in Wall Street,  the DJIA  closed lower by 700 points or 3.6%  to 18,669pt, and the S&P500 and the Nasdaq both dipped by 1.3% and 2.0%, respectively.

Meanwhile, the WTI price closed at USD20.4/barrel or lower by 9.7% during the last trade vs. USD22.6/barrel the previous close.  At the other end, USDIDR closed to IDR16,230 vs. IDR16,328  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,