Market Review and Prediction

Indeks di bursa Wall Street ditutup menguat, yang antara lain dipicu oleh koreksinya harga minyak mentah serta penguatan pada saham sektor teknologi. Harga minyak mentah melemah karena kekhawatiran akan turunnya permintaan dari China akibat sentimen negatif dari Shanghai yang melakukan lockdown dan menghentikan sementara transportasi umum akibat kenaikan kasus virus omicron. Pada awal perdagangan, pasar sempat dikejutkan oleh yield obligasi yang mengalami inverted sebagian, yang mengindikasikan akan adanya potensi resesi ekonomi. Yield obligasi disebut mengalami inverted jika yield obligasi jangka panjang lebih rendah dibandingkan yield obligasi jangka pendek. Yield US-Treasury dengan tenor 5 tahun naik pada level 2,6362%, sedangkan yield US-Treasury dengan tenor 30 tahun turun pada level 2,6004%. Yield US-Treasury dengan tenor 30 tahun lebih rendah dari yield dengan tenor 5 tahun untuk pertama kalinya sejak Maret 2006. Namun untuk yield utama yaitu tenor 10 tahun masih di atas yield tenor 2 tahun. Sementara itu pasar juga mencermati perkembangan konflik Rusia-Ukraina dimana negosiasi kedua negara tersebut berlanjut pada pekan ini. Harga emas melemah akibat penguatan dollar AS seiring dengan potensi The Fed akan menaikkan suku bunga lebih tinggi jika inflasi terus mengalami kenaikan.

IHSG pada perdagangan Senin 28 Maret 2022 ditutup menguat 0,67% pada level 7049. Saham sektor industri membukukan kenaikan terbesar, sedangkan saham sektor kesehatan mengalami koreksi terbesar. Investor asing net buy Rp347,69 miliar, termasuk transaksi di pasar negosiasi atas saham BUKA dengan net sell investor asing sebesar Rp451,89 miliar. Pada perdagangan hari ini IHSG diperkirakan bergerak pada kisaran support 7010/6980 dan resistance 7065/7090. Stock pick: TLKM, EXCL, ASII, BBNI, BBTN, PTBA, SCMA, CPIN, JPFA

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