Logo Minnapadi

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Internet Explorer

Or you can open with another browser :

EN IN
Logo Minnapadi
mediacenter.jpg

RISING THE FED RATE

RISING THE FED RATE

The index jumps on Wednesday trade after gaining 85.25 pts (+1.49%). The index was closed 5,792.90 a number unseen since last month after before S&P upgrade our sovereign rating. But the bullish is fragile due to lower transaction and foreign outflow. Total transaction was accounted at IDR 6.47 Trillion with foreign out flow as much as IDR 233.81 Billion.

The Fed decide to rise its rate for the second time this year. Although predicted, the market caught off guard by the Hawkish view. Nevertheless, it will affect our market. We need to keep an eye for foreign outflow as it might crunch our liquidity in the market.

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

  • The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. economy and strengthening job market. (Source: Reuters)
  • Bank Indonesia will announce BI Rate today and National Bureau of Statistic will release Balance of Trade data.

TECHNICAL ANALYSIS FOR TODAY

COMPOSITE INDEX

JCI is predicted to move around 5,730 – 5,830 today’s.

BEARSIH: The price closed above resistance and also break our channel trend line. But the up movement didn’t follow by significant trading volume. We fear that the up trend will not strong to support it self thus the index is prone to profit taking.

TRADING IDEAS : WIKA, ADRO, MIKA & JSMR.

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

En Lorem Ipsum In Eiusmod.

EN HOME LOREM IPSUM EU NISI NISI LABORE ANIM REPREHENDERIT ADIPISICING SED LABORE QUIS UT TEMPOR ESSE QUIS CILLUM VENIAM CILLUM SUNT NISI CILLUM UT FUGIAT FUGIAT UT OFFICIA ET QUIS.

En Lorem ipsum Velit sit magna adipisicing laborum eu voluptate exercitation minim sit ex incididunt exercitation ut in sunt culpa quis magna sed dolor in et amet sunt id fugiat sint laboris sed officia est id officia eiusmod eu reprehenderit ullamco sed esse aliquip ex minim occaecat amet ad nulla voluptate do officia in reprehenderit quis officia dolore pariatur in quis consectetur ut nostrud aliqua sed officia fugiat nisi incididunt anim in laborum.

Lorem ipsum Dolor dolor dolore quis magna nulla aute ea sed velit id amet ut id minim proident cupidatat anim pariatur ex do dolore ut sit mollit ex voluptate consequat sit eu esse cillum exercitation eu dolore pariatur sunt et ut est Ut dolore id voluptate qui Ut in fugiat non exercitation Excepteur sunt magna ullamco sint do quis laboris dolore dolore pariatur laboris nulla mollit nisi laboris magna in aute Ut enim Excepteur est culpa in enim officia enim ea cillum fugiat dolore proident officia eiusmod pariatur in elit et aliquip esse culpa sint in fugiat aliquip cupidatat non id aliquip sit ad reprehenderit mollit dolor aliqua Duis in amet exercitation ut ut cillum et adipisicing qui aliqua.