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COMMODITY RALLIES

COMMODITY RALLIES

Composite index moving higher for two consecutive days after gaining 16.21 pts (+0.28%) on Tuesday trade. Although the transaction volume was quiet low, the index manages to close at 5,707.65. Total transaction was counted at IDR 4.7 Trillion while foreign investor was having at net sell as much IDR 168.66 Trillion.

Meanwhile we predict that the index will soft today as the market will wait for The Fed release today. Although many expecting that it will rise by 25 bps, other still waiting for the FOMC economic projection. For our market, we think that the impact will short as investor already taken in the effect since the beginning of the month. So its still safe to assume that any correction is an entry opportunity.

Meanwhile, here are the things you need to know for today.

  • Coal price is getting a lift after China planning to speed up the closure of small-scale coal mines in order to balance the supply and demand. The news adding a fuel to the euphoria as recently Trump administration withdrawal from Paris accord spur the sentiment that
  • Fed policy makers are forecast to raise their benchmark interest rate for the second time this year on Wednesday.

TRADING IDEAS : WIKA, ADRO

DISCLAIMER

This research report is prepared by PT MINNA PADI INVESTAMA SEKURITAS Tbk. for information purposes only and is not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments. The report has been prepared without regard to individual financial circumstance, need or objective of person to receive it. The securities discussed in this report may not be suitable for all investors. The appropriateness of any particular investment or strategy whether opined on or referred to in this report or otherwise will depend on an investor’s individual circumstance and objective and should be independently evaluated and confirmed by such investor, and, if appropriate, with his professional advisers independently before adoption or implementation (either as is or varied).

Disclaimer

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