Cadev Safe Level Boosts SUN Market
A number of market participants responded positively to the June Foreign Exchange Reserves (Cadev), which rose 0.51% to USD 137.1 billion.
Daily Report | 8 July 2021
Domestically, yesterday’s slight decline in JCI occurred amid foreign net sells of IDR 188 billion. Bank Indonesia is scheduled to release the Consumer Confidence Index (IKK) for June, in which investors will pay close attention to the impact of Emergency PPKM implementation on the survey results. Technically, JCI has the potential for a limited rebound in the range of 5,950 – 6,130.
Government Wins IDR 34 Trillion SUN Auction
This figure exceeds the previous auction of Government Securities (SUN) of IDR 30 trillion.
Daily Report | 7 July 2021
Domestically, JCI was able to rebound despite the lack of new positive sentiment; with gains occurring in 9 out of 11 sectors. Investors will pay close attention to the release of Foreign Exchange Reserves data for June which is estimated to remain at a safe level to maintain Rupiah’s stability. For today, JCI is expected to move within the consolidation range at 5,950 – 6,130.
Yield Rises, First Trading Day of Emergency Micro PPKM
Yield of 10-year Government Bonds (SUN) closed higher. Yesterday was the first trading day of the SUN market during the Emergency Micro PPKM period.
Daily Report | 6 July 2021
From the domestic market, the JCI closed corrected following the implementation of Emergency PPKM in the Java-Bali region. Market participants still tend to take a wait and see attitude by observing the effectiveness of this policy in reducing the rate of Covid-19 infection spread. For today, JCI is expected to continue the consolidation phase in 5,950 – 6,130.
SUN Yield Mixed Ahead of US Labor Data Release
The Government Bond (SUN) market closed mixed at the weekend, amid investor anticipation for the release of US employment data.
Weekly Report | 5 July 2021
JCI’s movement this week will be influenced by some domestic sentiments. Investors will continue to pay close attention to the rising number of Covid-19 cases in Indonesia. From the economic data side, Manufacturing PMI is expected to continue its expansive trend after booking a record high at 55.3 last month. Meanwhile, inflation in June is projected to stay low; after a reading on the 3rd week still showed a 0.11% deflation MoM.
Daily Report | 5 July 2021
After moving sideways on a weekly basis, today’s JCI movement has the potential to be depressed. Investors will still be overshadowed by the impact of the Emergency Micro PPKM; amid the daily positive case numbers that continue to rise. Technically, JCI is expected to move in the range of 5,950 – 6,130.
