Indonesia Market Update - 6 January

Translation to English: JCI on the second day of trading in 2020 managed to strengthen and closed up 0.6% to 6,323.47. Meanwhile, the trading volume still has not changed much, only Rp 4.5 trillion outside the negotiation transaction. BBRI and BBCA rose 0.2% and 1.6% respectively to become main contributor to the rise in the index. On the other hand BMRI actually weakened down 0.3%. Tensions between Iran and the US seem to influence market participants. Bond yields rose 3 bps - 5 bps across all tenors. Meanwhile the exchange rateThe Rupiah against the USD also weakened closed at the level of Rp 13,940 / USD after opening at the level of Rp 13,895 / USD. The IBPA bond index fell -0.1% to 270. The government will hold a conventional bond auction on Tuesday this week with an indicative target of Rp 15 trillion.