Market Review and Prediction

Indeks di bursa Wall Street pada akhir pekan lalu ditutup menguat. Sentimen positif antara lain berasal dari data inflasi AS yang semakin menurun serta laporan keuangan beberapa emiten yang lebih baik dari estimasi sehingga meredakan kekhawatiran akan potensi terjadinya resesi ekonomi. Indeks PCE prices bulan Juni, yang merupakan indikator inflasi yang dicermati oleh The Fed, tercatat sebesar 3,0% yoy turun dari bulan sebelumnya 3,8% yoy. Untuk indeks PCE prices inti sebesar 4,1% yoy, lebih rendah dari bulan sebelumnya 4,6% yoy. Sementara itu, Bank of Japan, melakukan langkah tak terduga dengan melonggarkan kontrol kurva imbal hasil obligasi pemerintah Jepang, yang menyebabkan mata uangnya berfluktuasi terhadap dollar AS dan harga obligasi serta indeks bursa saham melemah. Sedangkan harga minyak mentah dan emas mengalami penguatan.

Data ekonomi AS yang akan dirilis pada pekan ini diantaranya ISM manufacturing index, ADP Employment change, initial claims, ISM non manufacturing index, nonfarm payrolls dan unemployment rate. Dari domestik, data ekonomi yang akan dirilis diantaranya indeks PMI manufaktur, inflasi Juli dan cadangan devisa.

IHSG pada perdagangan Jumat 28 Juli 2023 ditutup menguat 0,05% pada level 6900. Saham sektor basic materials membukukan penguatan terbesar, sedangkan saham sektor teknologi mengalami koreksi terbesar. Investor asing mencatatkan net sell Rp727,05 miliar termasuk transaksi di pasar non reguler. Pada perdagangan hari ini IHSG diperkirakan bergerak pada kisaran support 6850/6830 dan resistance 6930/6950. Stock pick: BMRI, ASII, RMKE, ISAT, EXCL, MAPI, INDF, MYOR, JSMR, INCO

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