Daily Report | 18 Nov 2021
The JCI movement today has the opportunity to experience a technical correction in the range of 6,626-6,710.
Market Support Economic Data
From the release of economic data, the trade balance surplus became a positive sentiment for yesterday’s SUN market movement.
Daily Report | 17 Nov 2021
From the domestic market, the JCI managed to rebound 0.53% to a level of 6,651; supported by strengthening in 9 of 11 sectoral indexes. Market participants will tend to take a wait and see attitude ahead of the start of the Bank Indonesia Board of Governors’ Meeting (RDG) today. Technically, the benchmark index has a chance to continue rally with a projected range of movement at 6.626 – 6.710.
Positive Sentiment Economic Data Supports SUN Market
A number of market players responded positively to Indonesia’s export performance for the October 2021 period, which grew 6.89% on a monthly basis.
Daily Report | 16 Nov 2021
The benchmark index has the chance for a technical rebound with the projected movement at 6610-6,710.
Pasar SUN Mixed Jelang Rilis Data Ekonomi
Pelaku pasar relatif bersikap wait and see, menantikan rilis sejumlah data ekonomi seperti trade balance, ekspor dan impor, Bank Indonesia Seven Days Reverse Repo Rate (BI 7-DRRR), serta Balance of Payment (BoP) Current Account Deficit (CAD) pekan ini.
Weekly Report | 15 Nov 2021
The market will also observe the central bank’s response to Tapering-off, which is scheduled to start this month.
Daily Report | 15 Nov 2021
The movement of the benchmark index is still likely to continue its decline with the range of movement at 6,630-6,710.
Speculation of Faster FFR Increase
Benchmark FR0087’s yield rose nearly 2bps, in line with UST10Y yields. Market participants responded negatively to the increase in inflation in the United States (US) last October.
