- BSDE : IDR 4.5 Trillion Marketing Sales in 1H21
- HMSP : Sales Volume Growth of +3.9% yoy on 1H21
JCI to Continue its Upward Movement Today
US exchanges closed higher last night; DJIA rose +0.83% to 34.798, followed by S&P500 (+0.82%) and Nasdaq (+0.92%). 2Q21 financial report season was the main factor boosting US exchanges. In the commodity market, Brent oil closed at USD 72.2 / barrel (+ 4.1%); gold at USD 1,803/toz (-0.4%); and Nickel at USD 18,595/ton (-0.3%).
EIDO closed up +1.65% yesterday (7/21), while the JCI went up +0.21% to 6.030 with BMRI, BBRI and ASII as top lagging movers. Foreign net buy in the regular market was recorded at IDR 206.7 billion. The largest foreign inflow was recorded by BMRI (IDR 101.3 billion), followed by ASII (IDR 70.3 billion), and BBRI (IDR 60.5 billion) while the largest foreign outflow was recorded by AGRO (IDR 61.6 billion), followed by EMTK (IDR 60.3 billion), and BBCA (IDR 45 billion).
As many as 33,772 new COVID-19 cases were recorded yesterday (Tuesday: 38,325), with 32,887 patients recovered (Tuesday: 29,791) and 1,383 patients passed away (Tuesday: 1,280). So far, the total number of COVID-19 cases reported in Indonesia has reached 2,983,830 cases, with a recovery rate of 79.0% as of July 21, 2021 (July 20, 2021: 78.8%).
Indonesia’s reference rate (7DRRR) data is scheduled to be released today (cons: 3.5%). We believe that investors are already priced-in on the effects of PPKM, and they are currently seeking prospective sectors in the market. We expect JCI to continue its upward trend today, supported by positive movement in global exchanges and foreign inflow into the stock market.