Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) fell more than 1% half an hour before the close of the first trading session, Tuesday (18/1/2022).
According to data from the Indonesia Stock Exchange (IDX), at 10:57 WIB, the JCI fell 1.10% to 6,574.59 with a transaction value of Rp 5.64 trillion and a trading volume of 9.67 billion.
Although the JCI fell, foreign investors entered the Indonesian stock exchange with a net purchase value of Rp 65.76 billion in the regular market, but made a net sale of Rp 30.92 billion in the negotiated market and the tuna market.
Even though the JCI is red, the majority of the major stock markets in Asia are moving in the green zone this morning. Japan’s Nikkei index, for example, rose by 0.83% appreciation.
Last night the New York stock exchange was closed to commemorate Martin Luther King Junior Day. For information, Martin Luther King Jr. was the leader of the civil rights movement to demand equality between whites and coloreds in the US during the 1955 period until he was finally assassinated in 1968.
MLK Day is a US federal holiday, observed on the third Monday of January, after it was signed into law by President Reagan in 1983 and officially entered into force in 1986.
Apart from the development of new cases of Covid-19 in Indonesia, investors are also observing a number of important data, especially from abroad.
First, The decision on Japan’s interest rates will be released by the Japanese central bank (Bank of Japan/BOJ) at 10.00 WIB. The market consensus is that the Central Bank of the Land of the Rising Sun will still maintain its negative interest rate regime (-0.1%) this time.
The BOJ has said it will continue its ultra-loose policies to support the economy. However, the policy makers in the State of Sakura are also reportedly continuing to debate how to communicate to the public about the interest rate hike in the future.
Moreover, the previously agreed 2% inflation target could be achieved more quickly, driven by widespread price increases and the view of the US central bank The Federal Reserve (The Fed) is more favorable. hawkish.
CNBC INDONESIA RESEARCH TEAM
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