Flash Notes
Another Storm Looms
JCI continues to weaken, -5% in the first session reaching trading halt. Among the laggards, DCII was the main contributor, reversing its previous gains. In addition, few banks, such as BBRI and BBCA remain under pressured as investors maintain their selling streak.
When it rains, it pours
JCI touched -2% this morning, due to several noises in the market as well as concerns on domestic growth story. Top laggard this morning was Bank Rakyat Indonesia (BBRI IJ) which reported Jan’25 results yesterday. The weak result surprised the market as their net profit declined by -58% YoY from…
Selling Pressure Persists
JCI touched another -2% today driven by the decline in BREN, CUAN and large cap stocks. The exclusion of BREN and CUAN from MSCI Indonesia Investable Market Index (IMI) due to potential investability issues continue to put pressure on JCI. For large cap stocks, TLKM led the decline as both…
The Drop Continues
JCI continue to drop by more than -2% today, mainly led by the decline in BREN, CUAN and large cap stocks. For BREN and CUAN, they were excluded from MSCI Indonesia Investable Market Index (IMI) due to potential investability issues. While for large cap stocks, this could be on the…
Dropped by MSCI
JCI touched -3% today mainly led by the decline in certain group of stocks highlighted by MSCI. MSCI just released an announcement that it will not consider adding BREN, CUAN, and PTRO to the MSCI Indonesia Investable Market Index (IMI) due to potential investability issues. This puts speculators for potential…
Hawkish cut by the Fed
Hawkish cut by The FedJakarta Composite Index (JCI) touched -2% today due to rising selling pressure across the board as USD strengthens after FOMC December meeting. The Fed delivered a 25bps cut, within market expectation. Despite the cut, the message from The Fed is rather hawkish as compared to September…
Flash note 6 Nov 2024 - Trump's victory brings volatility to the table
Jakarta Composite Index (JCI) touched -1.5% today due to rising selling pressure across big caps and companies with high proportion of its costs linked to USD, as US election votes results pointed to Trump as the next US president. While Trump’s victory seems to be in-line with market expectation, the…
Flash note 5 June 2024
Jakarta Composite Index (JCI) is down by -2.1% today, pressured by sell-off in certain group of stocks such as: BREN, TPIA, AMMN, BRPT, and CUAN. One of the reasons could be due to BREN that was initially announced to be included in FTSE index, its inclusion was cancelled, putting the…