Market comment by Taye Shim (taye.shim@miraeasset.com)
JCI extended another weak trading session yesterday driven by locals selling. According to public data compiled by one large-sized and one mid-sized equity-type funds, we noticed that their AUM dropped 5% and 25%, respectively - indicating redemption of funds are still on-going. However, macro trends still pin points to a positive outlook for Indonesia as yields and FX rates march lower. # All eyes will be on OPEC and non-OPEC meeting scheduled on May 25. According to press reports, OPEC and non-OPEC are told to be considering an extension until the end of 2018 or a 9-month extension.
Market Indicator
JCI: 5,730.61 (-0.32%)
EIDO: 27.00 (-0.77%)
DJIA: 20,937.91 (+0.21%)
FTSE100: 7,485.29 (-0.15%)
USD/IDR: 13,299 (-0.02%)
10yr GB yield: 6.97% (-2bps)
Oil Price: 51.47 (+0.66%)
Foreign net purchase: IDR229.5bn
Foreign net purchase on single stocks (HOTS screen #0141)
TOP BUY: BBCA, UNVR, HMSP, TLKM, UNTR
TOP SELL: BBNI, ASII, BMRI, BBTN, ADHI
Most actively traded stocks (HOTS screen #0102)
ASII, BUMI, TLKM, BBCA, BBRI
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