Market Review and Prediction

Indeks di bursa Wall Street pada akhir pekan lalu ditutup variatif. Indeks Dow Jones dan S&P500 ditutup menguat tipis, sedangkan Nasdaq Composite ditutup melemah terbatas. Indeks Dow Jones telah mengalami reli penguatan selama 10 hari berturut-turut. Pasar masih mencermati kelanjutan earning season triwulan II 2023. Sebanyak 75% emiten dalam indeks S&P500 yang telah merilis laporan keuangan membukukan kinerja keuangan di atas perkiraan. Sementara itu harga minyak mentah juga mengalami reli, dipicu oleh ekspektasi ketatnya suplay dalam beberapa bulan mendatang serta meningkatnya ketegangan antara Rusia dan Ukraina yang dapat menambah gangguan suplay. Harga emas juga menguat karena pelemahan dollar AS serta ekspektasi The Fed akan mengakhiri kenaikan suku bunganya yang agresif.

Pada pekan ini pasar akan mencermati hasil pertemuan The Fed pada Selasa-Rabu waktu AS. Selain itu, data ekonomi AS yang akan dirilis pada pekan ini diantaranya consumer confidence, new home sales, PDB Q2 2023, serta indeks PCE prices bulan Juni 2023. Dari domestik, BI juga akan mengadakan RDG yang diperkirakan akan mempertahankan suku bunga pada level 5,75%.

IHSG pada perdagangan Jumat 21 Juli 2023 ditutup menguat 0,24% pada level 6880. Saham sektor transportasi membukukan kenaikan terbesar, sedangkan saham sektor teknologi mengalami koreksi terbesar. Investor asing mencatatkan net buy Rp2,87 miliar termasuk transaksi di pasar non reguler. Pada perdagangan hari ini IHSG diperkirakan bergerak pada kisaran support 6855/6835 dan resistance 6902/6923. Stock pick: BMRI, BBNI, BBRI, ISAT, TLKM, MEDC, ADRO, INCO, MDKA, SMGR, INTP, JSMR

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 2023