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Jakarta, CNBC Indonesia – The national stock market closed slightly higher on Monday (2/22/2021). Investors are watching the returns rise (produce) United States bonds in line with the possibility of the government curbing its lax policies and reducing asset purchases.
The Jakarta Composite Index (JCI) closed 0.38% higher at 6,255.31 even though it did not close above 6,300. The value of the transaction reached IDR 16 trillion and foreign investors made a net purchase of IDR 516 billion on the regular market.
Produce US government bonds with a 10-year maturity, which became the market benchmark, again surpassed the 1.3 percent level.
Increase produce It happens when inflation is strong because investors believe the central bank will curb its looser policies and reduce asset purchases.
High yields can lead to an increased burden on bond issuers, which in turn will also put pressure on their performance and stocks on the stock market.
As for produce for the 10-year US government bond rose 14 basis points last week to 1.34%, or approaching its highest point since February 2020. During the current month, the yields of these bonds rose 25 basis points (bp ).
On the other hand, the US government will attract the attention of investors because it will announce a plan to gradually lift social restrictions.
For trading today, Tuesday (2/23/2021), the following is a list of stocks selected by various market players:
Samuel Sekuritas Indonesia – JCI will be under pressure
IHSG gap and test the resistance level (upper limit) of 6,300. If this level persists, the opportunity for JCI to push again support for (lower limit) 6,200.
Preferred shares:
ART
AGRO
PTBA
TKIM
Artha Sekuritas – Markets Watch Fed Governor Speech
JCI is expected to grow stronger. Technically candlestick forming doji but be in position higher higher Y higher low indicates that there is still potential for strengthening. There is still a minimal movement of internal feeling. In addition, investors will be watching the speech of the Fed Governor, the central bank of the United States, Jerome Powell.
Doji it’s a pattern candlestick the opening and closing prices are the same or almost the same, so that candle this could not have body or bodylittle
Preferred shares:
BJTM
PPRE
KLBF
BBRI
Reliance Sekuritas Indonesia – Pontifical Open Index Correction
Technically candlestick IHSG forms a pattern bearish counterattack with the potential to test 5-day moving averages and closings gap in the next operation. Stochastic and RSI Indicators Provide Signals Momentum Is Still Likely bearish for JCI to have the potential to fluctuate again with the closing correction potential gap.
Preferred shares:
ADRO
ERAA
ICBP
MNCN
MNC Sekuritas – BIsa Index fell to 5,900 level
Estimated level endurance The closest JCI is at 6,315, as long as JCI has not been able to move up through that level, the JCI movement is still prone to correction to form the beginning of wave C of wave (4). The closest correction level for JCI was in the range of 5,950-6,100 at the beginning, but if JCI was aggressively corrected below 5,735, then JCI would correct itself to form wave C to area 5,600-5,650.
Preferred shares:
BBNI
SMRA
LSIP
[Gambas:Video CNBC]
(bag of bag)
