REPUBLIKA.CO.ID, JAKARTA -- Jakarta Composite Index (JCI) expected to trade higher on speculation that announced production curbs by Russia and Saudi Arabia may support oil prices. WTI jumped 5,2 percent from a day earlier Head of Research KDB Daewoo Securities Taye Shim said.

On the global data front Markit’s preliminary February PMI reading for US was 51,0, below the consensus estimate of 52,5 and down from 52,4 last month. On the domestic front, foreigners continued net selling Indonesian equities worth Rp 535 billion.

YTD sector performance: Consumer +13,7 percent, Misc-ind +8,1 percent, Agri +3,3 percent, JCI +2,5 percent, Mining +1,7 percent, Basic -ind +0,1 percent, Infrastructure -0,6 percent, Finance -1,3 percent, Property -2,9 percent, Trade -5,3 percent. The best sector performance YTD came from consumer with 13,7 percent return. This was followed by Miscellaneous industry 8,1 percent and Agriculture 3,3 percent which have outperformed the benchmark JCI performance of 2,5 percent. Others worth mentioning is mining sector performed 1,7 percent, while finance and property demonstrated negative returns (Finance -1,3 percent, Property -2,9 percent).

Market Indicator

JCI: 4.708,62 (+0,23 percent)

EIDO: 22,37 (+1,08 percent)

DJIA: 16.620,66 (+1,4 percent)

FTSE100: 6.037,73 (+1,47 percent)

USD/IDR: 13.439 (-0,52 percent)

10yr GB yield: 8,16 percent (+5bps)

Oil Price: 33,39 (+5,17 percent)

Foreign net purchase: -Rp 535 billion

Foreign net purchase on single stocks (HOTS screen #0141) TOP BUY: BMRI, MYRX, SILO, UNVR, BBCA TOP SELL: BBRI, TLKM, BBNI, PGAS, ASII

Most actively traded stocks (HOTS screen #0102) BBRI, TLKM, BMRI, BBNI, ASII

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