๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญ (๐ ๐ซ๐ข๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ข๐ง ๐ข๐ง๐๐ข๐๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ฌ๐ฅ ๐ฅ๐จ๐ฐ๐๐ซ, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐ญ๐จ ๐ซ๐๐๐ฅ๐๐๐ญ ๐๐จ๐ญ๐ก ๐จ๐ฉ๐ญ๐ข๐ฆ๐ข๐ฌ๐ฆ ๐จ๐ ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐๐๐จ๐ง๐จ๐ฆ๐ฒ ๐๐ฅ๐จ๐ง๐ ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐๐ ๐ก๐ข๐ ๐ก๐๐ซย ๐ ๐ ๐ ๐๐ง๐ ๐๐จ๐ง๐๐ฌ ๐ญ๐๐ฉ๐๐ซ๐๐ฒ ๐ญ๐ก๐ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ’๐ฌ ๐๐๐ง๐ญ๐ซ๐๐ฅ ๐๐๐ง๐ค
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ก๐จ๐ฅ๐ ๐ ๐ซ๐จ๐ฎ๐ง๐ ๐๐ง๐ ๐๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (1/10) is expected to trade between 6,660pt – 6,760pt and to attempt higher also on the back of ย bargain hunters. Today the JCI is expected to hold ground. ย Friday last week (1/7) the DJIA closed lower by 5pt or 0.01% to 36,232pt, while the S&P500 and the Nasdaq Composite ย ย closed lower by 0.4% and 1.0%, respectively. The US equity market was generally supported also by the release of the countryโs ย employment rate data for ย last year and December at 3.9% YoY (November: 4.2% YoY), or better than the forecast of 4.1% .
The JCI Friday last week closed at the high range of our estimate also supported by ย foreign purchase in the regular market, of net buy relatively high IDR990bn.ย As generally expected, the energy sector outperformed others last Friday, an increase of 2.01% vs the JCI of 0.72%. ย ย At the other side, thin but gradual increase of COVID-19 new cases positivity rates (PR) seemed to be sidelined as for now.
During the last 4 (four) days, ย PR of COVID-19 new cases in Jakarta capital city has been in the range of 2.0% – 2.6% , much higher as compared to the lowest range of 0.2% – 0.4% in the month. To remind, most schools in Jakarta has implemented 100% capacity of face-to-face learnings since January 3, this year (previously 50%). While the least is the better, stakeholders might want to find what is the โtolerable levelโ of COVID-19 new cases occurrence to avoid unnecessary panic-selling.
At the other end, last week ย ย the WTI price closed lower by 0.7% to USD78.9/barrel, ย mainly ย technical in the background of continued supply worry following the event of unrest in member-country producer Kazakhstan . Meanwhile, the USDIDR closed ย at IDR14,360 vs. IDR14,396 the previous one.
Cheers,