Daily Report | 11 May 2022
Investors are watching non-cyclical consumer stocks, as JCI which closed down 1.3% to 6,819 yesterday.
Investors are watching non-cyclical consumer stocks, as JCI which closed down 1.3% to 6,819 yesterday.
April core inflation was booked at 2.60% YoY, or a moderate increase, and has the chance to make BI hold back the BI 7DRRR at its lowest level of 3.50%.
Produk bahan baku perikanan Perseroan berasal dari hasil tangkapan kapal sendiri dan juga berasal dari pembelian dari supplier atau pihak ketiga.
Investors are looking forward to US inflation data, after having recorded a high of 1.2% MoM or 8.5% YoY in April 2022.
Investors are looking forward to the release of April inflation data projected at 0.83% MoM or 3.34% YoY (Prev. 0.66% MoM; 2.64% YoY), and 1Q22 GDP projected -0.93% QoQ or 5 % YoY (Prev. 1.06% QoQ; 5.02% YoY).
On the last trading ahead of the long Eid al-Fitr holiday, NHKSI Research projects that the JCI will move downwards in the range of 7,100-7,300.
The export ban is only for Refined, Bleached, Deodorized (RBD) palm olein products. NHKSI Research projects that the JCI will move upward today to the level of 7,200-7,300.
The JCI was briefly depressed to the level of 7,122, before finally closing at the level of 7,215 or slightly weaker compared to last Friday. The transportation and logistics sector led the decline or fell by 2.24%.
BI’s dovish attitude and the revision of Indonesia’s economic growth have become negative sentiment for the bond market in the past week.