Market Review and Prediction

Indeks di bursa Wall Street ditutup menguat setelah selama beberapa hari mengalami pelemahan. Langkah mengejutkan dari bank sentral Jepang yang menaikkan batas kenaikan dan penurunan yield curve obligasi pemerintah Jepang dengan tenor 10 tahun menjadi 0,5% dari batas sebelumnya 0,25%, telah mendorong dollar AS melemah terhadap yen Jepang. Yield Curve Control merupakan kebijakan BoJ yang menahan yield obligasi tenor 10 tahun dekat dengan 0%. Ketika yield mulai menjauhi 0% maka BoJ akan melakukan pembelian obligasi yang artinya BoJ menyuntikkan likuiditas ke perekonomian. Sehingga yield curve saat ini diperlebar menjadi 0,5%, artinya likuiditas yang disuntikkan ke perekonomian menjadi lebih kecil. Jika langkah pengetatan ini terus dilakukan maka akan berdampak pada penguatan yen Jepang. Harga minyak mentah dan emas menguat karena pelemahan dollar AS. Saham sektor energi menguat mendorong kenaikan indeks.

IHSG pada perdagangan Selasa 20 Desember 2022 ditutup melemah 0,17% pada level 6768. Saham sektor basic materials mengalami koreksi terbesar, sedangkan saham sektor energi membukukan kenaikan terbesar. Investor asing net sell Rp38,88 miliar, termasuk transaksi di pasar non reguler. Pada perdagangan hari ini IHSG diperkirakan bergerak pada kisaran support 6715/6695 dan resistance 6790/6825. Stock pick: BBCA, BMRI, ICBP, ITMG, MYOR

This report is prepared strictly for private circulation only to clients of PT Waterfront Sekuritas Indonesia. It is purposed only to person having professional experience in matters relating to investments. The information contained in this report has been taken from sources which we deem reliable. No warranty (express or implied) is made to the accuracy or completeness of the information. All opinions and estimates included in this report constitute our judgments as of this date, without regards to its fairness, and are subject to change without notice. However, none of PT Waterfront Sekuritas Indonesia and/or its affiliated companies and/or their respective employees and/or agents makes any representation or warranty (express or implied) or accepts any responsibility or liability as to, or in relation to, the accuracy or completeness of the information and opinions contained in this report or as to any information contained in this report or any other such information or opinions remaining unchanged after the issue thereof. We expressly disclaim any responsibility or liability (express or implied), its affiliated companies and their respective employees and agents whatsoever and howsoever arising (including, without limitation for any claims, proceedings, action, suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a results of acting in reliance upon the whole or any part of the contents of this report and neither PT Waterfront Sekuritas Indonesia, its affiliated companies or their respective employees or agents accepts liability for any errors, omissions or misstatements, negligent or otherwise, in the report and any liability in respect of the report or any inaccuracy therein or omission there from which might otherwise arise is hereby expresses disclaimed. This document is not an offer to sell or a solicitation to buy any securities. This firms and its affiliates and their officers and employees may have a position, make markets, act as principal or engage in transaction in securities or related investments of any company mentioned herein, may perform services for or solicit business from any company mentioned herein, and may have acted upon or used any of the recommendations herein before they have been provided to you. © PT Waterfront Sekuritas Indonesia 2022