FR0088 Towards Par and Profit Taking FR0087
Investors were again actively trading the new 15-year benchmark series FR0088 yesterday.
Daily Report | Impact of the PSBB Tightening Plan
The government’s decision to implement a stricter PSBB policy caused the stock market to be under pressure again. In the short term, JCI looks like it will continue its consolidation phase. Today, the reference index has the opportunity to rebound with a movement range of 5,987 – 6,166.
Low Interest Rate Press New Issuance Coupons FR0088 and FR0089
The two series, respectively, are offering coupons of 6.25% and 6.875%, or the lowest yield of the series in the auction of Government Securities (SUN) today.
Daily Report | Covid-19 Vaccination Plan
From the domestic market, the JCI was still able to continue rally at the beginning of the year after the government announced the Covid-19 vaccination plan will start on January 13, 2021. For today, the JCI has the opportunity to consolidate with a movement range of 6,073 – 6,145.
Manufacturing Recovery and Purchasing Power Boost the Bond Market
Most of the Government Securities (SUN) experienced a decline in yield on yesterday’s trading.
Daily Report | US Stock Market Under Pressure in Early 2020
From the domestic market, after recording significant gains supported by improved economic data, the room for the JCI to increase tends to be more limited. For today, the movement of the benchmark index will likely consolidate in the range 6,023 – 6,143.
Pressures on the Bond Market to Close in 2020
In addition to profit taking towards the close of 2020, market players also responded negatively to external sentiment from the United States (US).
Weekly Report | Potential Increase in Finance Sector
JCI movement was influenced by global sentiments regarding the signing of stimulus package by President Donald Trump and travel ban for foreign nationals at the beginning of January 2021. Last week, JCI closed on the red and recorded IDR78 billion in foreign net sell.
Daily Report | Optimism Entering 2021
The JCI weakened by 5.1% throughout 2020. On the first trading day of 2021, investors will observe developments in the number of Covid-19 cases after the New Year holidays, as well as the release of economic data such as Manufacturing PMI and December 2020 inflation. JCI movement is estimated to be at the level of 5,962-6,110.
