The JCI March 12, 2021

𝐌𝐚𝐫𝐜𝐡 𝟏𝟐, 𝟐𝟎𝟐𝟏

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟐𝟐𝟓𝐩𝐭 – 𝟔,𝟒𝟎𝟎𝐩𝐭  (𝐖𝐞𝐝𝐧𝐞𝐬𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟐𝟔𝟓𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐬𝐨𝐦𝐞 𝟏% 𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧, 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐢𝐧-𝐜𝐡𝐞𝐜𝐤𝐞𝐝 𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐫𝐚𝐭𝐞 𝐨𝐟 𝟏.𝟕% 𝐘𝐨𝐘 𝐚𝐦𝐢𝐝  𝐭𝐡𝐞 𝐬𝐦𝐨𝐨𝐭𝐡 𝐫𝐨𝐥𝐥-𝐨𝐮𝐭 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐯𝐚𝐜𝐜𝐢𝐧𝐞𝐬 𝐚𝐧𝐝 𝐚𝐢𝐝 𝐩𝐚𝐜𝐤𝐚𝐠𝐞𝐬 𝐰𝐨𝐫𝐭𝐡 𝐔𝐒𝐃𝟏.𝟗𝐭𝐫

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐚𝐢𝐧 𝐞𝐝𝐠𝐞 𝐦𝐚𝐢𝐧𝐥𝐲 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐬𝐭𝐫𝐨𝐧𝐠𝐞𝐫 𝐨𝐢𝐥-𝐜𝐥𝐨𝐬𝐞 𝐚𝐧𝐝 𝐛𝐚𝐫𝐠𝐚𝐢𝐧 𝐡𝐮𝐧𝐭𝐞𝐫𝐬

Morning,

The Jakarta Composite Index (JCI) today (3/12) is expected to be in the range of 6,2250pt – 6,400pt to fluctuate and incline higher.  Besides, the sentiment in the domestic market is expected to be positively impacted also by the stabilized USDIDR currency value, partly by  the absorption of the latest government notes offer worth IDR86.2tr by the central bank.

Meanwhile, yesterday (3/11) in Wall Street,   the DJIA closed higher by 189 points or by 0.6% to 32,486pt, while S&P 500 and the Nasdaq closed higher by  1.0% and by 2.5%, respectively.

At the other end, yesterday  the WTI price closed higher by  2.5% atUSD66.0/barrel  , mainly on the vaccine rollouts in the US and the sharp drop of gasoline inventories, both implying faster recovery pace in the country. Meanwhile, the USDIDR  closed  at IDR14,421  vs. IDR14,468 the previous one.

We advise the following recommendations, for both trading and longer-time investment purpose. 𝐀𝐀𝐋𝐈, 𝐋𝐒𝐈𝐏 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘈𝘨𝘳𝘪, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘜𝘯𝘥𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵 ), 𝐔𝐍𝐓𝐑, 𝐈𝐓𝐌𝐆, 𝐀𝐃𝐑𝐎, 𝐏𝐓𝐁𝐀 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘊𝘰𝘢𝘭 𝘔𝘪𝘯𝘪𝘯𝘨, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘔𝘢𝘳𝘬𝘦𝘵-𝘸𝘦𝘪𝘨𝘩𝘵), 𝐒𝐈𝐃𝐎, 𝐔𝐋𝐓𝐉, 𝐔𝐍𝐕𝐑, 𝐈𝐂𝐁𝐏 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘊𝘰𝘯𝘴𝘶𝘮𝘦𝘳, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘖𝘷𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵 ), 𝐚𝐧𝐝 𝐀𝐂𝐄𝐒, 𝐒𝐂𝐌𝐀, 𝐌𝐀𝐏𝐈,𝐌𝐍𝐂𝐍 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘛𝘳𝘢𝘥𝘦, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘖𝘷𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵),𝐚𝐧𝐝 𝐓𝐊𝐈𝐌 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘉𝘢𝘴𝘪𝘤 𝘐𝘯𝘥𝘶𝘴𝘵𝘳𝘺, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘔𝘢𝘳𝘬𝘦𝘵-𝘸𝘦𝘪𝘨𝘩𝘵).

Cheers,