Indonesia’s GDP and US Labor Data
SUN Yield Mixed, Amid Indonesia’s 2Q21 GDP Growth. A number of market players responded positively to Indonesia’s 2Q21 Gross Domestic Product (GDP), which grew 7.07% YoY.
Daily Report | 6 Aug 2021
Domestically, JCI continued to strengthen for the fourth day in a row; supported by increases in big caps banking stocks. Towards the weekend, the attention of investors will be on the commencement of the Bukalapak stock listing; with the largest IPO value in the history of the IDX. Technically, JCI still has a chance to rise again with a range of movement at 6,140-6,260.
Investors Watch GDP Data Release
Yield Drops Again Ahead of GDP Data Release. The yield on 10-year Government Bonds (SUN) fell to 6.26% again, and the 20-year SUN was below the psychological 7% level.
Daily Report | 5 Aug 2021
From the domestic market, the positive trend of the JCI continued, accompanied by an increase in trading volume and foreign buying of IDR 357 billion. Investors will pay close attention to the release of Indonesia’s GDP data for the second quarter of 2021, which by consensus is projected to grow 6.7% yoy. Technically, JCI has the opportunity to continue strengthening with a range of movement at 6,100 – 6,226.
PBS030 Lack of Supply
Entry Offers More Than IDR 100 Trillion. The 10-year benchmark candidate FR0091 recorded an entry bid of almost IDR 40 trillion, in yesterday’s Government Bond (SUN) auction.
Daily Report | 4 Aug 2021
Domestically, the JCI was still able to continue strengthening at the beginning of the week; supported by the Transportation, Industry, and Finance sectors. The implementation of PPKM level 4 seems to be starting to bear fruit as the daily number of cases is decreasing. For today, JCI will try to move up to a higher consolidation range with a projected movement at 6,100 – 6,226.
Extend PPKM and Manufacturing Contractions
The government has extended the Implementation of Community Activity Restrictions (PPKM) level 4 in a number of regions until August 9, 2021.
Daily Report | 3 Aug 2021
From the domestic market, JCI started the week in the green zone; led by noncyclical Consumer sector which rose 1.76%. The government has decided to extend PPKM level 4 in several regions until August 9, 2021. For today, JCI still has the opportunity to continue its limited strengthening with a movement range of 6,000 – 6,160.
BI Revised Economic Growth
The yield of Government Bonds (SUN) was relatively lower at the weekend, amid pressure from the Composite Stock Price Index (JCI) and the decline in UST yields.
