Market Prediction
During last week, JCI managed to gain 2.34% and touched
the highest level at 6,680.
The sectoral indexes that rose the most significantly were
Basic materials and Consumer Non-cyclical sector with an
increase of 4.25% and 3.09%, respectively.
As for tomorrow, the meeting is scheduled for BI RDG to
give a speech regarding the direction of the 7 Days RR
interest rate policy.
JCI closed higher with a bearish candle. The stochastic
indicator is in the overbought area, MACD histogram is
moving positive (bullish line) and volume is falling. If JCI
moves bullish again, there is a chance to test the
resistance at the range of 6,680 – 6,693 (If it breaks up, JCI
will be in alltime high). If JCI is in the bearish move, it could
go down first to the support from level 6,552 to 6,573.
Commodities Review
- Oil prices rose in late trading Friday (10/15/2021),
touching a three-year high above US$85 per barrel,
boosted by forecasts of a supply deficit in the next
few months as the easing of Covid-19-related
travel restrictions fueled demand.
Macro Economic News
- Indonesia's trade surplus widened to USD
4.37 billion in September of 2021 from USD
2.39 billion in the same month of the
previous year and above market consensus
of USD 3.84 billion.
- Retail sales in the US unexpectedly
increased 0.7 % mom in September of 2021,
following an upwardly revised 0.9% surge in
August, beating market forecasts of a 0.2%
fall, in another sign of resilience from
consumers despite supply constraints which
affect vehicles and computers among other
goods.
Corporate news
- PT Ciputra Development Tbk (CTRA) until the third quarter of 2021, CTRA managed to record marketing
sales of Rp 5 trillion, up 33% year on year (yoy). These gains make CTRA has met 86% of its target
marketing sales this year which amounted to Rp 5.9 trillion.
- PT Graha Layar Prima (BLTZ) signed a loan worth USD 6 million. The fresh funds are for working capital
needs. The agreement is with the Singapore branch of The Korean Development Bank (KDB).
- Pemeringkat Securities Indonesia (PEFINDO) affirmed the ratings of debt securities idA PT Barito Pacific
(BRPT). Continuous Bonds I Phase III Year 2020 Series A amounting to Rp167.52 billion, will mature on
December 18, 2021.
PT Kiwoom Sekuritas Indonesia (KSI)
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Telp : +62 21 5010 5800
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