Daily Report | 19 Oct 2021
Technically, the JCI still has a limited opportunity to strengthen with a projected range of movement at 6,600 – 6,750.
Strengthening the SUN Market Along with the Appreciation of the Rupiah
Market participants responded positively to the September trade balance which recorded surplus of USD 4.3 billion. This figure is higher than the market consensus of USD 3.8 billion. On the other hand, the surplus trade balance position throughout 2021 will strengthen the rupiah’s position ahead of the Fed’s tapering off.
Weekly Report | 18 Oct 2021
Globally, investors will pay close attention to the development of energy crisis in various countries; and its impact to commodity prices.
Daily Report | 18 Oct 2021
Entering a new week, JCI has the potential to re-test the all-time high level with a projected range of movement at 6,600-6,750.
Yield FR0086 Close to 5%
All benchmark series of Government Securities (SUN) closed higher, with yields on FR0086 approaching the 5% level yesterday.
Daily Report | 15 Oct 2021
JCI resumed its upward rally past the 6,600 level. Apart from blue chips, yesterday’s gains were also supported by the technology sector which posted a 4.15% increase. Towards the weekend, JCI has the potential to test the all-time high point with a projected range of movement at 6,550-6,750.
SUN Market Successfully Strengthened
Yesterday, the benchmark 20-year government bonds (SUN) FR0083 recorded a yield reduction of up to 2.3 bps. Investors are again interested in Government Securities (SBN), amid negative sentiment concerning the energy crisis that has penetrated the United States (US). This can be seen from the limited gas supply for the US winter. On the other hand, bond investors are keeping a close eye on developments in China’s Evergrande bond coupon payments.
Daily Report | 14 Oct 2021
The strengthening of prices in big caps stocks once again supported the JCI’s rise, this time by 0.78%. Blue chip issuers in the banking and consumer goods sectors experienced significant gains amid foreign net buys of IDR 1.2 trillion. For today, the benchmark index will try to rise to a higher consolidation range with the projected movement at 6500-6650.
Public Purchasing Power Improves, SUN Market Mixed
As for the results of the auction of Government Securities (SUN) yesterday, the government managed to absorb funds worth IDR 8 trillion, from the incoming bids worth a total of IDR 50.1 trillion.
