The JCI May 30, 2022
๐๐๐ฒ ๐๐,๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย (๐ ๐ซ๐ข๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ง๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐ฆ๐๐ฃ๐จ๐ซ ๐๐ช๐ฎ๐ข๐ญ๐ฒ ๐ข๐ง๐๐ข๐๐๐ฌ ๐๐ฅ๐จ๐ฌ๐๐ ๐ก๐ข๐ ๐ก๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐%, ๐ฆ๐๐ข๐ง๐ฅ๐ฒ ๐จ๐ง ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐๐๐๐ ๐๐๐ซ๐ง๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ (๐๐) ๐ซ๐๐ญ๐๐ข๐ฅ ๐๐จ๐ฎ๐ง๐ญ๐๐ซ๐ฌ, ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐๐จ๐ฐ๐ง ๐ฒ๐ข๐๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ ๐๐จ๐ญ๐๐ฌ, ๐๐ง๐ ๐ฆ๐จ๐ง๐ญ๐ก๐ฅ๐ฒ ๐๐๐๐๐ฅ๐๐ซ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐ฉ๐๐ซ๐ฌ๐จ๐ง๐๐ฅ ๐๐จ๐ซ๐ ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ญ๐ฎ๐ซ๐๐ฌ (๐๐๐) ๐ข๐ง ๐๐ฉ๐ซ๐ข๐ฅ
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ ๐๐ข๐ง ๐๐๐ ๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐๐๐ฅ๐ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ-๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (5/30) is expected to trade between 6,940pt โ 7,100ptย to attempt higher also to join the regional positive sentiments.
The JCI Friday last weekย closedย meaningfully higher to pass our resistance level estimate by some 40points while total trading value is moderate at IDR15.6tr (daily average of IDR15.8tr). The JCI move Friday was mainly driven by price increase of high market capitalization counters such as ย BBRI, GOTO, TLKM, BMRI, and BBCA. Consistently, the yield of the 10-year Indonesia government bond closed lower by 6bp to 7.141%.
Wall Street Friday last week (5/27), ended with the DJIA closed higher by 576pt or 1.8% to 33,213pt, meanwhile the S&P500 and Nasdaq closed higher by 2.5% and 3.3%, respectively. Meanwhile, the yield of the benchmark 10-year Treasury notes closed lower by less1bp to 2.74% Friday,or off its peak of over 3%. The US Aprilโs PCE, at 4.9% YoY ย is ย in-line with estimates and lower as compared to the preceeding month of 5.2% YoYย was said to help lifted ย sentiment in Wall Street.
Last week ย the WTIย price closed higher by 0.9% to ย USD115.1/barrel, mainly on demand prospect also for ย annual stronger demand travel. Meanwhile, the USDIDR closed ย at IDR14,578 ย vs. IDR14,645 the previous one.
Cheers,