Research
23 July 2021
Bank Indonesia (BI) maintains the BI Seven Day Reserve Repo Rate (BI 7-DRRR) interest r...
Research
23 July 2021
Last week, Statistics Indonesia (BPS) recorded June’s trade balance surplus at USD 1.32...
23 July 2021
After experiencing a long consolidation phase, the JCI managed to break through the strong resistance level at 6,130. The increase occurred in 10 of the 11 sectors supported by foreign investors' buying actions which reached IDR 807 billion. Towards the end of the week, the benchmark index will try to maintain its range of movement higher at 6,000 - 6,226.
22 July 2021
From the domestic market, the JCI was able to rebound after the announcement of the government's plan to loosen the Emergency PPKM regulations. Investors will pay close attention to the results of the Bank Indonesia board of Governors' Meeting (RDG) which will be announced today. Technically, the JCI has the potential to experience a correction in the range of 5,950 - 6,130.
21 July 2021
Domestically, the movement of JCI today will be influenced by the reaction of market participants to the decision to extend the Emergency PPKM until July 25, 2021. The government plans to open gradual activities if the downward trend in the number of Covid-19 cases continue. Technically, JCI still has the potential to be depressed within the range of 5,950 - 6,130.
19 July 2021
Over the past week, JCI managed to gain 0.5%; supported by foreign net buys worth IDR1.8 trillion. The market will pay close attention to the plan to extend the Emergency PPKM period and evaluate the implementation of the policy. At the beginning of the week, JCI has a chance for a technical correction in the range of 5,950 - 6,130.
16 July 2021
From the domestic market, the increase in big cap stocks accompanied by foreign net buys managed to lift the JCI. The market received positive sentiment from the continued accommodative policy of the Fed and the June Trade Balance surplus which reached USD 1.32 billion. Towards the end of the week, JCI will tend to move in a more confined manner to the consolidation range of 5,950 - 6,130.
