Daily Report | 25 Feb 2022
Technically, the benchmark index is expected to remain volatile with a projected range of movement at 6,750-6,950.
Technically, the benchmark index is expected to remain volatile with a projected range of movement at 6,750-6,950.
The US president has again announced new sanctions that will make it harder for Russia to import technological equipment.
For today, the benchmark index has the opportunity to strengthen within the range of 6,900 – 7,000.
The US is targeting Russian financial institutions after President Vladimir Putin recognized the sovereignty of several regions in Eastern Ukraine.
Yield expectations amidst external geopolitical sentiments made the nominal won lower than the indicative target of IDR 11 trillion.
Technically, the benchmark index will try to rebound with the projected range of movement at 6.800-6.950.
The yield on Government Bonds (SUN) series FR0091 was relatively flat, closing at the level of 6.48%.
Technically, today’s benchmark index is expected to move mixed in the range 6850-6.950.
The release of the minutes of the Federal Reserve’s Meeting did not give any indication of a more aggressive-than-expected monetary policy plan.