Daily Report | 24 Nov 2021
The benchmark index has potentials for a technical rebound with projected movement in the area of 6,660-6,754.
Early Week SUN Market Moved Mixed
The SUN market movement earlier this week was supported by positive sentiment from improving domestic economic data.
Daily Report | 23 Nov 2021
As for today, the benchmark index still has potentials to continue its uptrend with projected movement range between 6,690 – 6,800.
Positive Economic Data Drives Interest in Short Tenors
The benchmark series of Government Bonds (SUN) FR0086 and FR0087 recorded a decline in yields to 5.01% and 6.15%, respectively, based on Bloomberg data.
Weekly Report | 22 Nov 2021
The price of WTI crude oil is under USD80/barrel; in line with the increase in production, as well as concerns about the impact of the lockdown policy in several European regions.
Daily Report | 22 Nov 2021
Entering the new week, the movement of the benchmark index is still likely to continue the positive trend with a projected range of movement at 6,700 – 6,800.
BI 7-DRRR Remains at 3.50% Level
Bank Indonesia again held the benchmark BI Seven Days Reverse Repo Rate (BI 7-DRRR) interest rate in November at 3.50%.
Daily Report | 19 Nov 2021
JCI’s movement has the opportunity to continue declining in the range of 6,580-6,680.
Selling Pressure ahead of BI Interest Rate Announcement
Market players are relatively cautious ahead of the announcement of the Bank Indonesia Seven Days Reverse Repo Rate (BI 7-DRRR) benchmark interest rate.
