The benchmark 5-year and 10-year yields fell nearly 3bps, according to Bloomberg data. In addition to weekly jobless claims in the United States (US) falling to 310,000, market participants also anticipate the release of US CPI data, which is projected to remain high. Investors are also watching for comments by Cleveland Federal Reserve officials who want tapering to begin later this year.
JCI’s movement may potentially be influenced by both domestic and international data releases.
JCI was recorded to have weakened by 0.52%, although it was able to rebound towards the end of the week. Market participants will again await the decision to extend the PPKM, as well as US inflation data that has the potential to influence the direction of the Federal Reserve’s policy. Technically, the JCI has the potential to strengthen at the beginning of the week with an estimated range of movement at 6,080 – 6,150.
BBYB has undergone major changes in ownership The two previous main shareholders, Gozco Capital and ASABRI, have gradually reduced their respective stakes As of August 2021 ASABRI no longer hold any stakes at Bank Neo Commerce.
Market participants again responded negatively, the Consumer Confidence Index which is still in the pessimistic zone. Investors also responded negatively to the release of retail sales data.
Even though it had dropped below the 6,000 level, JCI was able to rise towards the end of the trading session and closed above MA200. The increase occurred in 8 of the 11 sectoral indexes, with foreign net buy reaching IDR 830 billion. Towards the end of the week, the benchmark index is still quite vulnerable to profit taking with a range of movement at 5,950 – 6,100.
The Consumer Confidence Index (CCI) for the August period was again in the pessimistic zone, or even at a lower level than the previous month.
In line with the majority of global markets, JCI also continued its downward trend in September. The Consumer Confidence Index (CCI) for August was reported to have fallen to 77.3; while the strengthening rate of Rupiah began to stall. Technically, JCI is predicted to decline to a lower consolidation range in the range of 5,950 – 6,100.
Based on data from the Directorate General of Financing and Risk Management, it recorded an incoming bid of IDR 56.6 trillion. This figure exceeds the previous sukuk auction value of IDR 52.46 trillion.
