Daily Report | 12 Nov 2021
Towards the end of the week, the benchmark index has the potential to be hit by profit taking with a projected range of movement at 6,620 – 6,750.
High Inflation Sentiment, Mixed SUN Market
In addition to concerns that the inflation rate of the United States (US) remains high, yesterday’s market movement was amid the release of China’s inflation data.
Daily Report | 11 Nov 2021
JCI continued the rally by 0.2%; although it closed still slightly below the all-time high level. The strengthening was supported by foreign investors’ net buy amounting to IDR 286 billion. For today, the movement of the benchmark index is expected to be in the range of 6,650 – 6,750.
Consumer Optimism Holds SUN Market
Bank Indonesia (BI) recorded the Consumer Confidence Index (IKK) in October at 113.4, up from 95.5 in the previous month.
Daily Report | 10 Nov 2021
JCI has the potential to test the all-time high level with a projected movement at 6,630-6,750.
GDP Below Expectations, Long Tenor Rises Significantly
Long tenor Government Securities (SUN) FR0083 and FR0092 recorded yield reductions of up to 5.7 bps and 4.8 bps, or the deepest declines compared to other benchmark series.
Daily Report | 9 Nov 2021
For today, JCI has the opportunity to continue strengthening in the range of 6,550-6,680.
Government Cancels SBN Auction for Remaining 2021
Benchmark series of Government Bonds (SUN) moved higher, with the steepest decline in yields in long tenors.
Weekly Report | 8 Nov 2021
Bank Indonesia will release the Consumer Confidence Index (CCI) data for October 2021; after reaching 95.5 last month. Sentiment from the easing of PPKM will be a positive catalyst expected to return consumer confidence to the optimistic level (>100).
