The JCI May 19, 2022

𝐌𝐚𝐲 𝟏𝟗, 𝟐𝟎𝟐𝟐

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟕𝟐𝟎 – 𝟔,𝟖𝟒𝟎𝐩𝐭  (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟕𝟗𝟑𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐢𝐜𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐥𝐨𝐰𝐞𝐫 𝐛𝐲 𝐬𝐨𝐦𝐞 𝟒%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐝𝐫𝐚𝐠𝐠𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐜𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐝𝐢𝐬𝐜𝐫𝐞𝐭𝐢𝐨𝐧𝐚𝐫𝐲 𝐬𝐭𝐨𝐜𝐤𝐬 𝐚𝐬 𝐟𝐞𝐚𝐫 𝐟𝐫𝐨𝐦 𝐑𝐮𝐬𝐬𝐢𝐚 – 𝐔𝐤𝐫𝐚𝐢𝐧𝐞 𝐜𝐫𝐢𝐬𝐢𝐬 𝐚𝐧𝐝 𝐬𝐮𝐩𝐩𝐥𝐲-𝐜𝐡𝐚𝐢𝐧 𝐝𝐢𝐬𝐫𝐮𝐩𝐭𝐢𝐨𝐧𝐬 𝐚𝐬 𝐰𝐞𝐥𝐥 𝐚𝐬 𝐭𝐢𝐠𝐡𝐭𝐞𝐧𝐢𝐧𝐠 𝐚𝐜𝐭𝐬 𝐡𝐞𝐢𝐠𝐡𝐭𝐞𝐧𝐞𝐝

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐟𝐥𝐮𝐜𝐭𝐮𝐚𝐭𝐞

Morning,

The Jakarta Composite Index (JCI) today (5/19) is expected to trade between 6,720pt – 6,840pt  to hold ground  by support of bargain hunters.

The JCI yesterday gained by 149pt or 2.2% mainly supported by retail domestic on the reversal of GOTO from its year low of IDR181 to close at IDR248 or by 24% while ranked 5^th  in terms of market capitalization in the IDX.  Total trading value of stocks in all board was IDR17.4tr (vs.daily average of IDR15.8tr) and foreing funds recorded a net sell of total IDR281bn.

Wall Street yesterday (5/18)   ended with the DJIA closed lower by 1,165pt or 3.6% to 31,490pt, meanwhile the S&P500 and Nasdaq closed lower by 4.0% and 4.7%, respectively. At the other end, the yield of the benchmark 10-year Treasury notes closed lower  by 9bp at 2.9% yesterday.

Yesterday the WTI  price closed lower by 2.2%  at  USD109.9/barrel against the previous close, mainly on demand worries as well as higher USD index .  Meanwhile, the USDIDR closed  at IDR14,682  vs. IDR14,651  the previous one.

Cheers,