The JCI October 16, 2020
๐๐๐ญ๐จ๐๐๐ซ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐:ย ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐:ย ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ฅ๐จ๐ฌ๐๐ ๐ฌ๐ฅ๐ข๐ ๐ก๐ญ๐ฅ๐ฒ ๐ฅ๐จ๐ฐ๐๐ซ ๐จ๐ซ ๐๐ฒ ๐๐ฅ๐จ๐ฌ๐ ๐ญ๐จ ๐.๐% ๐ญ๐จ ๐ฆ๐๐ซ๐ค ๐ ๐-๐๐๐ฒ๐ฌ ๐ฌ๐๐ฅ๐ฅ ๐จ๐๐
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐ฐ๐ข๐ญ๐ก ๐ ๐ซ๐๐ฏ๐๐ซ๐ฌ๐๐ฅ ๐๐ญ๐ญ๐๐ฆ๐ฉ๐ญ ๐จ๐ง ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (10/16) is expected to be in the range of 5,050pt โ 5,175pt, to fluctuate and attempt to reverse on stable USDIDR close. ย ย Meanwhile, yesterday ย (10/15) the DJIA closed lower by ย 20 points or 0.1% to 28,494pt, while S&P500 and the Nasdaq both dipped ย by ย 0.7% and 0.8%, respectively.
๐๐ง๐๐ก๐๐ง๐ ๐๐ ๐๐จ๐ฆ๐๐ฌ๐ญ๐ข๐ ๐ซ๐๐๐๐ซ๐๐ง๐๐ ๐ซ๐๐ญ๐๐ฌ ย ๐ข๐ง ๐๐๐ญ๐จ๐๐๐ซ ๐ฆ๐๐ค๐๐ฌ ๐ญ๐ก๐ ๐ฌ๐ญ๐จ๐๐ค ๐๐ง๐ ๐๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐๐๐ฅ๐ข๐ง๐ (๐)
Yesterday was a second day of recently-rare record ย ย that foreign funds posted a net buy position in the amount of IDR23.3bn.ย That brought the latest foreign net sell this year to IDR46.0 tr (2019: net buy of IDR49.2tr, 2018: net sell IDR50.7tr).
Furthermore, yesterday in the Indonesia bond market also saw higher daily prices indicating higher demands. Yields of government bonds of 10 years maturity fell by 4bp to 6.82% yesterday, representing a higher decline from the previous day of 2bp .
At the other end, widely-expected trade surplus for the month of September, published yesterday also provide stability of domestic currency value. For the the 9 (nine) months ended September this year, Indonesia posted a trade surplus balance of USD13.5bn as compared to deficit of USD2.2bn the same period 2019.ย The main reason is that the country managed to decrease import volume 0f 5% YoY, while aggregate import price was down by 15% YoY.ย At the other end, aggregate export price during January to September this year increased by 27% YoY.
At the other end, yesterdayย the WTI price closed almost unchangedย at USD40.96/barrel as compared to the previous one of UD41.0/barrel. ย The oil price was supported by the United States EIA release data that showed crude oil ย inventory declined by 3.818 million barrels in the prior week, larger than the 1.9 million barrel draw analysts polled by FactSet had been expecting. Meanwhile the USDIDR ย closedย at IDR14.780ย vs. IDR14.760 the previous one.
We advise the following recommendations, for both trading and longer-time investment purpose. ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐จ๐ณ๐ช, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ฏ๐ฅ๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต ), ๐๐๐๐, ๐๐๐๐, ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ฐ๐ข๐ญ ๐๐ช๐ฏ๐ช๐ฏ๐จ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต), ๐๐๐๐, ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ฐ๐ฏ๐ด๐ถ๐ฎ๐ฆ๐ณ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ท๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต ), ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ถ๐ต๐ฐ๐ฎ๐ข๐ต๐ช๐ท๐ฆ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต), ๐๐ง๐ ๐๐๐๐, ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ณ๐ข๐ฅ๐ฆ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ท๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต),๐๐ง๐ ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ข๐ด๐ช๐ค ๐๐ฏ๐ฅ๐ถ๐ด๐ต๐ณ๐บ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต).
Cheers,