After being able to still strengthen by 1% yesterday, JCI’s movement will tend to be more sideways. Until the end of the year, the market tends to reflect all the positive sentiments. Today, JCI is projected to move in the range 6,091 – 6,237.
A number of market players have realized profits in line with the tightening of Large-Scale Social Restrictions (PSBB) in DKI Jakarta.
In the past week, JCI remained in the green amid economic data releases such as trade balance and Bank Indonesia’s decision to hold the benchmark interest rate. Meanwhile, President Joko Widodo announcement regarding free vaccine program was responded positively by investors.
The news of the agreement on the stimulus package on US will also influence the JCI, which is still in an upward trend. However, investors will also be aware that the number of new Covid-19 cases is still increasing both at home and abroad. Today, JCI is projected to move in the range of 6,091 – 6,160.
The Federal Reserve (The Fed) will continue to channel liquidity to financial markets until the US economy recovers.
The JCI continues to get fresh air after President Joko Widodo announced that the Covid-19 vaccine program will be provided free of charge. Today, investors’ attention will be on the results of the BI Board of Governors (RDG) Meeting. JCI is expected to move in the range of 5,965-6,140.
Indonesia’s trade balance for the November period returned to a surplus of USD 2.62 billion, in line with the improvement in exports and imports on a monthly basis
The JCI continues to get fresh air after President Joko Widodo announced that the Covid-19 vaccine program will be provided free of charge. Today, investors’ attention will be on the results of the BI Board of Governors (RDG) Meeting. JCI is expected to move in the range of 5,965-6,140.
FR0083 posted a decrease in yield of almost 15 bps to the level of 6.63%. Meanwhile, investors were less interested in short tenors with FR0081 and FR0086 recording increases in yields of 7.5 bps and 3 bps.
