Market Review and Prediction

Indeks di bursa Wall Street ditutup menguat dipicu oleh optimisme akan data inflasi yang menurun serta kenaikan suku bunga yang lebih kecil dari sebelumnya. Meskipun terdapat kekhawatiran bahwa China akan kembali melakukan pembatasan aktivitas ekonominya akibat kasus Covid-19, namun pasar juga mendapatkan sentimen positif dari turunnya yield US-Treasury setelah adanya komentar dari Presiden The Fed Cleveland bahwa data inflasi terakhir menjanjikan dan mendukung penurunan laju kenaikan suku bunga selanjutnya. Hal tersebut mendorong harapan pasar bahwa suku bunga akan mencapai terminal rate (level di mana suku bunga tidak naik lagi) segera pada level 4%-5%. Sementara itu harga minyak mentah menguat setelah Arab Saudi mengatakan bahwa OPEC+ akan tetap pada pemangkasan output produksi minyak dan dapat melakukan langkah lanjutan untuk menyeimbangkan pasar. Harga emas stabil didorong oleh melemahnya dollar AS dan yield US-Treasury.

IHSG pada perdagangan Selasa 22 November 2022 ditutup melemah 0,46% pada level 7030. Saham sektor teknologi mengalami koreksi terbesar, sedangkan saham sektor energi membukukan penguatan terbesar. Investor asing net buy Rp433,5 miliar termasuk transaksi di pasar non regular. Pada perdagangan hari ini IHSG diperkirakan bergerak pada kisaran support 7000/6965 dan resistance 7075/7115. Stock pick: BMRI, BBCA, ADRO, PTBA, ITMG, LSIP, AALI, MEDC, PGAS

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