Weekend Selective Buying Action
Investors were again worried about the potential for monetary policy tightening, although this was previously calmed by the Fed Chair, Jerome Powell.
Investors were again worried about the potential for monetary policy tightening, although this was previously calmed by the Fed Chair, Jerome Powell.
JCI’s movement may potentially be influenced by some domestic and global economic releases.
The benchmark index has the opportunity to continue strengthening with the projected range of movement in the 6,650-6,750 area.
UST10Y yield increased, before finally closing at 1.70% based on Bloomberg data. This yield movement occurred after the release of the Consumer Price Index (CPI) data yesterday.
Towards the end of the week, the movement of the benchmark index is expected to continue to consolidate in the range of 6,600 – 6,700.
Prices for benchmark government bonds (SUN) FR0090, FR0091, and FR0093 were closed at a discount.
The movement of the benchmark exchange is projected to remain in the range of 6,600-6,700.
The results of the auction of State Sharia Securities (SBSN) or the inaugural Sukuk in 2022 yesterday, managed to record an entry bid of IDR 55.3 trillion.
The movement of the benchmark index is expected to weaken in the range of 6,600-6,700.