Weekly Report | 21 Feb 2022
JCI’s movement this week may potentially inch closer to the psychological level of 7,000, after successfully booking its highest record last week
Daily Report | 21 Feb 2022
Starting the new week, the benchmark index will try to maintain upward momentum with a projected movement in the range of 6,850-6,950.
Geopolitical Sentiment Hits Rupiah Again
Investors also responded positively to data that US retail sales rose 3.8% in January, exceeding consensus expectations of 2.1%.
Daily Report | 18 Feb 2022
Towards the end of the week, the JCI is expected to move mixed, tending to weaken in the range of 6,800-6,875.
Rupiah Appreciation Supports SUN Benchmark
Meanwhile, benchmark 20-year Government Securities (SUN) recorded a yield decline of up to 2.2 bps yesterday.
Daily Report | 17 Feb 2022
For today, the benchmark index still has a chance to strengthen, limited to a higher range in the area of 6.800 – 6.900.
Daily Report | 16 Feb 2022
Technically, JCI has the opportunity to move higher with a projected range of movement at 6,750-6,875.
External Sentiment and Rising Oil Prices
Yesterday, Bank Indonesia (BI) announced the January Real Sales Index which grew 16% to a level of 211. This positive sentiment made the Government Securities (SUN) market closed mixed.
Daily Report | 15 Feb 2022
After closing the gap at the 6,731-6,748 area yesterday, the benchmark index will try to rebound with the projected range of movement at 6,700-6,875.
