Yield Spreads Narrowing
Post-government bonds (SUN), the benchmark series recorded an increase in prices, or a decrease in yield in early trading week.
Daily Report | 06 April 2021
Yesterday’s decline in the JCI was an anomaly amid the gains experienced by the majority of global and regional indexes. The US economic recovery, which is estimated to be quite rapid, has made foreign investors continue the net sell action that has occurred during the past month. For today, JCI is projected to be in the range of 5,900 – 6,050.
Low Inflation and Increase in Prices for Medium Tenors
The benchmark 10-year FR0087 mid-tenor Government Bond (SUN) recorded a drop in yield of up to 8.5 bps, or the deepest drop in yield compared to other benchmark tenors.
Weekly Report | 05 April 2021
This week, JCI will look forward to positive sentiments from the release of several domestic economic data such as Foreign Reserves and Consumer Confidence Index (CCI). March 2021 CCI is projected to continue to rise in line with improvements in economic conditions, both in terms of job availability and income. In addition, investors will also keep a close watch on movements in the rupiah exchange rate and commodity prices which are still on a weakening trend.
Daily Report | 05 April 2021
JCI was still continuing its downward trend with a correction of 2.97% over the past week. Market participants will expect positive catalysts from several economic indicators that will be released this week, such as the Foreign Exchange Reserves and Consumer Confidence Index (IKK) for March 2021. Today’s JCI is expected to consolidate in the range of 5,950 – 6,100.
PURA – Addressing the High Costs of Logistics
PURA posted a solid financial performance throughout 2020, marked by an increase in revenue (+8.5% yoy) and net profit (+32% yoy). The company will become an important player in the national logistics ecosystem, as a solution to the high cost of logistics in Indonesia. By continuing its fleet expansion plan and applying operational cost efficiencies, the company aims for high performance growth to continue.
Low Yield Presses Interest Green Shoe Option SUN
The result of the additional auction (Green Shoe Option) for Government Securities (SUN) yesterday, recorded an incoming bid of only IDR 15 trillion.
Daily Report | 01 April 2021
The decline in the JCI in March caused the benchmark index to close the first quarter with only a slight increase of 0.11%. The rise of negative sentiment from the global, as well as news of BPJS-TK’s plan to reduce the share of investment in stocks and mutual funds were still weighing factors. Entering the new quarter, JCI has the opportunity for a technical rebound with a range of movements in the 5,950 – 6,060 ranges.
Daily Report | 31 March 2021
The decline of JCI at yesterday’s closing was an anomaly amid the rally of the majority of regional exchanges. Correction occurred in line with the weakening of the Rupiah exchange rate to penetrate the level of IDR 14,500/USD. Today, JCI will try to rebound with projected range of movement at 6,046 – 6,160.
