Domestic Omicron Sentiment

The rupiah exchange rate weakened 0.2%, in line with concerns about the addition of positive cases for the domestic Omicron variant, which reached 68 cases.

Daily Report | 30 Dec 2021

The JCI has the opportunity to move higher with a projected range of movement at 6,580 – 6,700.

Daily Report | 29 Dec 2021

The JCI has the potential to decline after rising for 4 consecutive days, with a projected movement at 6,540 – 6,620.

Daily Report | 28 Dec 2021

For today, the benchmark index is still likely to continue moving higher with a projected range at 6,500 – 6,620.

Weekend Sun Market Mixed

Developments regarding the Omicron variant and the granting of emergency permits for Pfizer’s Covid-19 drugs, are providing energy for financial markets ahead of the Christmas period.

Daily Report | 27 Dec 2021

Although the majority of sectoral indexes closed down, significant gains in the Energy and Consumer Cyclical sectors were able to support the index. Entering the last week of trading in 2021, market participants will expect the window dressing action to become the driving force for stock market movements.

External Sentiment Supports the SUN Market

External positive sentiment came from the news that Pfizer’s Covid-19 drug, Paxlovid; has obtained an emergency use permit. In more detail, studies show that the drug in pill form has an effectiveness of up to 89%. This gives hope that the handling of the pandemic will improve even in countries with low vaccination rates.

Daily Report | 24 Dec 2021

Developments regarding the Omicron variant and the granting of emergency permits for Pfizer’s Covid-19 drugs have given energy to the stock market ahead of the Christmas period. Towards the end of the week, the movement of the benchmark index has the potential to strengthen again inthe range of 6,500-6,620.