Welcome 2021
The increase in corona virus cases has triggered speculation about the withdrawal of the emergency brake (Large-Scale Social Restrictions / Total PSBB) in DKI Jakarta.
Daily Report | Approaching the End of 2020
Towards the end of the year, the JCI was restrained by profit taking as well as concerns arising from the entry ban for foreigners in early January 2021. On the last trading day in 2020, the JCI is expected to tend to be depressed with movements in the range 5,979-6,100.
US stimulus pushed the market early in the week
The movement of the Government Securities (SUN) market returned to strength as Trump approved the State Budget Law (UU) for fiscal 2021 worth USD 2.3 trillion.
Daily Report | Optimism of the US Stimulus Package
Optimism from the US stimulus package has also helped boost global indexes towards the end of 2020, including in Indonesia. Despite the lack of domestic sentiment, the market will still hope for the window dressing effect in the last 2 trading days. Today, JCI is projected to move in the range of 5979 – 6195.
2021 Benchmarks: FR0086, FR0087, FR0088, and FR0083
The government, through the Directorate General of Financing and Risk Management (DJPPR), set the benchmark series Government Securities (SUN) for 2021, on Wednesday (23/12) last week.
Weekly Report | Potential Increase in Telecommunication and Poultry Sector
JCI’s movement was mostly influenced by the announcement of President Jokowi’s cabinet reshuffle and the emergence of new Covid-19 virus variant in England. Meanwhile, foreign investors booked a net sell of IDR689 billion throughout the week.
Daily Report | Global Sentiments after Christmas Holidays
Domestically, various global sentiments will affect the JCI movement in the last week of 2020. The market hopes that there will be a potential technical rebound after last week’s decline. Today, JCI is expected to move in the range of 5,850-6,100.
The New Covid-19 Variant Negative Sentiment
FR0086 and FR0087 respectively posted 10 bps and 14 bps increases in yield yesterday. This figure exceeds the increase in the yield on the benchmark series, which only recorded an increase of between 3.5 bps to 8.5 bps.
Daily Report | Cabinet Reshuffle Sentiment
The JCI was hit by a sharp dive after experiencing a long rally and closing the gap created at the beginning of last week. However, investors hope that the announcement of the cabinet reshuffle will be a breath of fresh air with the presence of ministers who are considered pro-market. Today, JCI is projected to move in the range of 5,967-6,195.
