The JCI March 7, 2022
๐๐๐ซ๐๐ก ๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย (๐ ๐ซ๐ข๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ฃ๐จ๐ซ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐ข๐๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐% ๐๐๐ฌ๐ฉ๐ข๐ญ๐ ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐ ๐๐๐ซ๐ฎ๐๐ซ๐ฒ’๐ฌ ๐ฃ๐จ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง ๐๐๐ญ๐, ๐จ๐ ๐๐๐๐ค ๐ฎ๐ง๐ข๐ญ๐ฌ ๐ฏ๐ฌ. ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐๐ฌ ๐จ๐ ๐๐๐๐ค ๐ฎ๐ง๐ข๐ญ๐ฌ, ๐ฐ๐ก๐ข๐ฅ๐ ๐ฎ๐ง๐๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐๐ง๐ญ ๐ซ๐๐ญ๐ ๐๐๐ฅ๐ฅ ๐ญ๐จ ๐.๐% ๐๐จ๐ ๐ฏ๐ฌ.๐.๐% ๐๐จ๐ ๐ข๐ง ๐๐๐ง๐ฎ๐๐ซ๐ฒ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (3/7) is expected to trade between 6,880pt โ 7,000pt ย to gain edge supported by ย bargain hunters. The JCI is expected to be supported by the momentum of higher commodities price, also as thermal coal recorded another historical-high close at USD419/tonne. Unlike those in the US, domestic financial investors now seemed to favor of riskier-asset equity. The yield of the benchmark 10-year Indonesian government bond closed by a relatively-steep 5bp higher on Friday close.
The JCI Friday (3/4) was moving as expected, at the upper range of our estimate on the estimated-impact of higher commodity prices as well as on the likelihood of Indonesia now be at the top list of the safe-haven category. ย Total trading value for Friday is IDR21.6tr, or much higher as compared to the year-to-date daily average of IDR13.5tr, while foreign funds recorded a total net Buy of IDR2.4tr, also much-higher as compared to โusualโ trading days.
Wall Street Friday ended with the DJIA closed lower by 180pt or 0.5% to 33,615pt, while the S&P500 and the Nasdaq Compositeย closed lower by 0.8% and by 1.7%, respectively. The yield of the benchmark 10-year US Treasury note closed ย lower by a steep ย 12bp to 1.7% on Friday, indicating the arrival of more risk-averse investors.
Meanwhile, Friday ย ย the WTI ย price closed higher by 8% against the previous close to USD125/barrel, mainly on possible full embargo of Russian oil in the international trade.ย ย ย At the other end, ย the USDIDR closed ย at IDR14,383 vs. IDR14,373 the previous one.
Cheers,