Daily Report | 3 Dec 2021

The benchmark index has the opportunity to continue strengthening with a projected range of movement at 6,550 – 6,650.

Daily Report | 2 Dec 2021

JCI was still under pressure with a 0.4% decline; in the midst of foreign net sell of IDR621 billion. Statistics Indonesia (BPS) recorded inflation in November 2021 at 0.37% on a monthly basis and 1.75% on an annual basis. Technically, the benchmark index is expected to remain volatile in the range of 6,487-6,624.

Indonesia 2022 Market Outlook

Although social-activity restrictions (PPKM) were re-tightened at the beginning of third quarter as Delta-variant struck, Indonesia was able to maintain recovery momentum with 3Q21 GDP growth of 1,55% QoQ or 3.51% YoY.

Rupiah Depreciation Hits SUN Market

Yesterday, the rupiah closed at the level of IDR 14,323/USD, down 0.13% from the weekend, based on Bloomberg data. External sentiment still colored the movement of the rupiah exchange rate. On the other hand, the Government Securities (SUN) market is currently overshadowed by the uncertainty of the impact of the new variant of Omicron’s Covid-19, causing volatility in all currency exchange rates, including the rupiah.

Daily Report | 1 Dec 2021

Technically, the benchmark index is expected to fluctuate again in the range of 6,500-6,650.

Daily Report | 30 Nov 2021

For today, the benchmark index is expected to fluctuate again in the range of 6,550 – 6,750.

Rupiah Depreciation Hits 10-Year Benchmark

The weekend rupiah exchange rate closed at IDR 14,303/USD or 0.25% lower than the previous day’s trading. The depreciation of the rupiah over the weekend, in line with the Fed’s policy outlook which will take the policy of a faster FFR increase. Externally, the 10-year US Treasury yield fell to 1.4%. Investors began to turn to safer asset instruments, amid fears of the emergence of the Omicron Covid-19 variant in South Africa.

Daily Report | 29 Nov 2021

In line with the majority of global exchanges, JCI was also fell by 2.03% to 6,561. Market participants will pay close attention to developments in the impact of the Omicron Covid-19 variant on global and domestic economic activity. Starting the new week, the benchmark index is projected to be under pressure at a lower range in the area of 6,500-6,754.