Daily Report | 13 Oct 2021
Untuk hari ini, pergerakan indeks acuan berpotensi dibayangi aksi profit taking dengan proyeksi rentang pergerakan di 6.400 – 6.500.
Increase in UST Yield Hits SUN Market
Market participants responded negatively to the increase in the UST10Y yield. Yesterday, the UST10Y treasury yield hit 1.61%, as investors began to believe that the Fed will start planning a tapering of asset purchases, despite last week’s declining employment data. The September employment report released on Friday showed non-farm payrolls rose by 194,000 last month. This figure is far below the estimated 500K increase in September.
Daily Report | 12 Oct 2021
JCI closed lower by 0.34%; although foreign investors still booked a net purchase of IDR 903 billion. The technology sector led the decline after falling quite deep by 3.12%. Technically, JCI has the opportunity to experience further decline with a projected range of movement at 6,400-6,500.
Macroeconomic Report | In Anticipation of The Fed’s Tapering Off
NHKSI Research sees the government’s success in issuing RI0731 (Reopening) global bond with 10-year tenor and RI0961 (New Issuance) with 40-year tenor with a total of USD 1.25 billion, as one of the factors in the increase of September’s foreign exchange reserves.
Yield Rise Amid US Debt Deal
The United States (US) Senate has reached an agreement to raise the debt ceiling; so that it is sufficient to meet the payment of debt obligations until December.
Daily Report | 11 Oct 2021
Over the past week, the JCI posted a sharp gain of 4.06%; supported by foreign net buys of IDR 10.67 trillion.
Weekly Report | 11 Oct 2021
The movement of JCI this week may be influenced by several macroeconomic factors. Investors will once again pay close attention to the movement of global commodity prices which drives issuers in the Coal, CPO, and Energy (Oil and Gas) sectors.
Daily Report | 8 Oct 2021
JCI closed sideways after rising quite significantly since the end of September. The movement of the stock exchange was supported by big caps stocks in the consumer sector; while the energy sector began to recover. Towards the end of the week, JCI is projected to continue consolidating in the 6,400-6,500 area.
Same Yield FR0087 and FR0088
The strengthening of world commodity prices and the sloping number of Covid-19 cases; become a positive sentiment in the country. The benchmark 10-year and 15-year SUN yields closed at the same level of 6.32%. In addition, the 4Q21 SBN auction target, which is only IDR 80 trillion, has made investors interested in the secondary market.
