Market Prediction
JCI rose 0.63% last week at the level of 6,133.
Meanwhile, several sentiments that might affect the
movement of the index this week are from RDG meeting
of Bank Indonesia and the FOMC.
JCI closed higher with a bullish candle. The bullish
stochastic indicator is in the overbought area, MACD
histogram is moving positive (line flat) and volume is
increasing. If JCI moves bullish again, there is a chance to
strengthen again to the resistance at the range of 6,159 –
6,179. If JCI moves bearish, JCI could drop to support at
the range of 6,086 – 6,102.
Commodities Review
- Crude oil prices rose again last week although it
closed lower at the weekend. The oil glut comes
as many energy companies in the United States
(US) Gulf of Mexico have yet to restart
production after two successive hurricanes hit
the region.
- Gold prices weakened for the second week in a
row as investors focused on the tapering strategy
that the Federal Reserve will undertake this year.
In fact, at the weekend, spot gold prices managed
to rise slightly.
Macro Economic News
- Retail sales volumes in the UK dropped by
0.9 percent in August, a fourth consecutive
month of falls and below market
expectations of a 0.5 percent increase.
- Foreign Bond Investment in the United
States increased to 9600 USD Million in
November of 2020 from -20100 USD Million
in October of 2020.
Corporate news
- PT Blue Bird Tbk (BIRD) cut its net loss in the January-June 2021 period. BIRD could reduce the total net
loss by 67.76% from IDR 93.67 billion to IDR 30.13 billion in the first half of 2021.
- PT Pollux Properti Indonesia Tbk (POLL) pocketed revenue of IDR 194.57 billion in the first quarter of
2021 or jumped from revenue in the same period last year of only IDR 6.05 billion.
- PT Pembangunan Jaya Ancol Tbk (PJAA) has obtained a maximum loan of IDR 900 billion from PT Bank
DKI. The loan is a credit facility to finance PJAA's operations.
- PT Sarana Meditama Metropolitan Tbk (SAME) will acquire a new hospital issuer PT Kedoya Adyaraya
Tbk (RSGK) with an estimated value of IDR 1.05 trillion.
PT Kiwoom Sekuritas Indonesia (KSI)
Treasury Tower 27th Floor Unit A, District 8 Kawasan SCBD Lot 28
Jl.Jend.Sudirman Kav 52-53, Jakarta Selatan 12190
Telp : +62 21 5010 5800
Fax. +62 21 5010 5820
Website : www.kiwoom.co.id
