JAKARTA - President Joko Widodo (Jokowi)'s State Speech at the annual session of the MPR/DPR/DPD ahead of the Independence Day of the Republic of Indonesia today is expected to boost the Composite Stock Price Index (IHSG).
This was conveyed by Reliance Sekuritas Analyst Lanjar Nafi in his research report. According to him, the JCI has the potential to strengthen to 6,104-6,205 levels.
“JCI is on a positive trend. Technically, the opportunity for the JCI to strengthen at the beginning of the week is quite open with support and resistance at 6,104-6,205," he said, Monday, August 16.
Lanjar added, some stocks that have the potential to be a different day earlier this week are AGII, BBRI, JPFA, TOWR, UNVR, MIKA, TBIG, ICBP.
To note, the JCI closed down 0.16 points to 6,139. The lack of catalysts at the end of last week was allegedly the main cause of the moderate movement.
“Investors tend to be cautious in welcoming the Indonesian Independence holiday and will wait for the trade balance data on Wednesday. So, in terms of sentiment, the JCI has limited potential to strengthen at the beginning of the week," he said.
To note, in this annual session, the President will submit a Draft Law (RUU) on the 2022 State Revenue and Expenditure Budget (APBN) along with a Financial Note.
Meanwhile, the 2022 RAPBN makes a number of pictures of state finances next year, such as economic growth at 5.2-5.8 percent, inflation at 2.0-4.0 percent, 10-year SUN interest rate 6.32-7.27 percent. .
Then, the rupiah exchange rate is pegged at the level of Rp. 13,900-15,000 per US dollar, the price of Indonesian crude oil is 55-65 US dollars per barrel, oil lifting is 686,000-726,000 barrels per day, and natural gas lifting is 1,031-1,103 thousand barrels of oil equivalent per day. .
Meanwhile, for state revenues in the range of 10.18-10.44 percent of gross domestic product (GDP), state expenditures of 14.69-15.30 percent of GDP, the primary balance was lowered to 2.3-2.65 percent of GDP, the State Budget deficit 4 ,51-4.85 percent of GDP.
Then, the debt ratio was controlled at 43.76-44.28 percent of GDP, the unemployment rate fell to 5.5-6.2 percent, the poverty rate was 8.5-9 percent, the Gini ratio was 0.376-0.378, the HDI was 73.44-73. .48, as well as the exchange rate of farmers and fishermen in the range of 102-104 and 102-105.
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