๐๐๐ญ๐จ๐๐๐ซ ๐๐, ๐๐๐๐
* ๐๐ก๐ ๐๐๐ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ซ๐๐ง๐ ๐: ๐,๐๐๐๐ฉ๐ญ – ๐,๐๐๐๐ฉ๐ญย (๐๐๐ฌ๐ญ๐๐ซ๐๐๐ฒ ๐๐ฅ๐จ๐ฌ๐: ๐,๐๐๐๐ฉ๐ญ)
* ๐๐๐ฅ๐ฅ ๐๐ญ๐ซ๐๐๐ญ ๐๐ฅ๐จ๐ฌ๐๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐๐ฒ ๐ฌ๐จ๐ฆ๐ ๐.๐% ๐จ๐ง ๐ญ๐ก๐ ๐ฎ๐ง๐๐๐ซ๐ญ๐๐ข๐ง๐ญ๐ฒ ๐จ๐ ๐๐ง๐ ๐๐จ๐ซ๐จ๐ง๐๐ฏ๐ข๐ซ๐ฎ๐ฌ ๐๐ข๐ ๐ญ๐๐ฅ๐ค ๐ฐ๐ก๐ข๐๐ก ๐ข๐ฆ๐ฉ๐ฅ๐ข๐๐ ๐ ๐ซ๐๐ฆ๐จ๐ญ๐ ๐๐ก๐๐ง๐๐ ๐ญ๐จ ๐๐ ๐๐ข๐ง๐๐ฅ๐ข๐ณ๐๐ ๐๐๐๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐ฅ๐๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐๐จ๐ฏ๐๐ฆ๐๐๐ซ ๐
* ๐๐ก๐ ๐๐๐ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ฅ๐ฎ๐๐ญ๐ฎ๐๐ญ๐ ๐๐ง๐ ๐๐๐ข๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐๐ ๐๐ฒ ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐๐ซ ๐๐๐๐๐๐ ๐๐ง๐ ๐จ๐ข๐ฅ ๐๐ฅ๐จ๐ฌ๐
Morning,
The Jakarta Composite Index (JCI) today (10/15) is expected to be in the range of 5,140pt โ 5,250pt, tend to continue higher also by support of higher oil close. ย ย Meanwhile, yesterday ย (10/14) the DJIA closed lower by ย 166 points or 0.6% to 28,514pt, while S&P500 and the Nasdaq both dipped ย by ย 0.7% and 0.8%, respectively.
๐๐ง๐๐ก๐๐ง๐ ๐๐ ๐๐จ๐ฆ๐๐ฌ๐ญ๐ข๐ ๐ซ๐๐๐๐ซ๐๐ง๐๐ ๐ซ๐๐ญ๐๐ฌ ย ๐ข๐ง ๐๐๐ญ๐จ๐๐๐ซ ๐ฆ๐๐ค๐๐ฌ ๐ญ๐ก๐ ๐ฌ๐ญ๐จ๐๐ค ๐๐ง๐ ๐๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐๐๐ฅ๐ข๐ง๐ (๐)
Yesterday in the Jakarta stock market saw once again a rare time during the last months of foreign net buy position, in the amount of relatively slight IDR39.5bn.ย That brought latest foreign net sell this year to IDR46.1 tr (2019: net buy of IDR49.2tr, 2018: net sell IDR50.7tr).
Again, maintaining the reference rate is expected to do less harm on growth but more benefit to the inflow to the domestic financial market.ย In addition, yesterday in Indonesia bond market also saw higher daily prices indicating higher demands. Yields of government bonds of all maturities of less than 20 years fell. For example, Indonesia government bonds if 10 years fell by 23bp to 6.86% yesterday .ย Given the even more dynamic natures of the financial market during the COVID-19, traders might use current volatility both in the stock and bonds market, more profitably.
Central bank Bank Indonesia on its monthly meeting yesterday decided to keep the BI7D-RRR unchanged at 4%, in line with our expectation.ย During the pandemic climate and especially when expansive monetary frame has been occurring for some time, lower cost of money seems less of an effective toolย to boost additional consumptions and investments, in our note.
At the other end, yesterdayย the WTI price closed higher byย 2.1%ย at USD41.0/barrel as compared to the previous one, ahead of International Energy Agency data release of weekly stockpile move of the United States crude oil today. ย ย Meanwhile the USDIDR ย closedย at IDR14.793ย vs. IDR14.780 the previous one.
We advise the following recommendations, for both trading and longer-time investment purpose. ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐จ๐ณ๐ช, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ฏ๐ฅ๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต ), ๐๐๐๐, ๐๐๐๐, ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ฐ๐ข๐ญ ๐๐ช๐ฏ๐ช๐ฏ๐จ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต), ๐๐๐๐, ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ฐ๐ฏ๐ด๐ถ๐ฎ๐ฆ๐ณ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ท๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต ), ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ถ๐ต๐ฐ๐ฎ๐ข๐ต๐ช๐ท๐ฆ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต), ๐๐ง๐ ๐๐๐๐, ๐๐๐๐, ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ณ๐ข๐ฅ๐ฆ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ท๐ฆ๐ณ๐ธ๐ฆ๐ช๐จ๐ฉ๐ต),๐๐ง๐ ๐๐๐๐ (๐ฌ๐๐๐ญ๐จ๐ซ ๐จ๐ ๐๐ข๐ด๐ช๐ค ๐๐ฏ๐ฅ๐ถ๐ด๐ต๐ณ๐บ, ๐๐ฅ๐ฅ๐จ๐๐๐ญ๐ข๐จ๐ง ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ข๐จ๐ง ๐๐ข๐ณ๐ฌ๐ฆ๐ต-๐ธ๐ฆ๐ช๐จ๐ฉ๐ต).
Cheers,