The JCI January 7, 2022
๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
*ย ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ฃ๐จ๐ซ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐ข๐๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐.๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐ฐ๐๐๐ค๐ฅ๐ฒ ๐ข๐ง๐ข๐ญ๐ข๐๐ฅ ๐ฃ๐จ๐๐ฅ๐๐ฌ๐ฌ ๐๐ฅ๐๐ข๐ฆ๐ฌ ๐จ๐ ๐ฐ๐ก๐ข๐๐ก ๐ข๐ฌ ๐๐ญ ๐๐๐๐ค ๐ฎ๐ง๐ข๐ญ๐ฌ, ๐จ๐ซ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐๐ ๐ฎ๐ฆ๐๐๐ซ ๐จ๐ ๐๐๐๐ค ๐ฎ๐ง๐ข๐ญ๐ฌ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (1/7) is expected to trade between 6,610pt – 6,700pt and to stick around also on the back of ย bargain hunters.The yield of the 10-year Indonesia government bonds closed higher by 3bp yesterday , while that the US Treasury note of the same tenor, rose also by 3bp.ย The benchmark bonds yield in the US has increased meaningfully this week to 1.725% in the last close vs. 1.51% at the start of the year.ย The trend reflects the positive perception of the US economic prospect as well as higher interest rates. Yesterday (1/6) the DJIA closed lower by 171pt or 0.5% to 36,237pt, while the S&P500 and the Nasdaq Composite ย ย both closed lower by 0.1%.
The JCI today is expected still to be ย supported by especially higher ย year-to-date increase of the price of thermal coal (+29.4%), ย ย CPO ย (+4.4%) , and WTI (+6.0%) ย this week, among the main commodities. Higher commodities prices is expected to trigger purchases, while the latest COVID-19 pandemic profile as well as robust growth estimate in the US are estimated to put pressure to the JCI , we reckon.
At the other end, yesterday ย ย the WTI price closed higher by 2.1% to USD79.5/barrel, ย mainly on increasing supply worry following the event of unrest in member-country producer Kazakhstan and output outage in Libya. Meanwhile, the USDIDR closed ย at IDR14,396 vs. IDR14,365 the previous one.
Cheers,