Morning Update 18 Feb 2022

Good morning,

Dow drops more than 600 points in worst decline of 2022 as Russia-Ukraine tensions worry investors

Stocks slumped Thursday amid heightened tensions between Russia and Ukraine with confused investors dumping risky assets and rotating into bonds. The Dow Jones Industrial Average posted its worst daily performance of the year on a points and percentage basis.

Dow…….34312   -622.2    -1.78%

Nasdaq.13717   -407.4    -2.88%

S&P 500..4380   -94.8       -2.12%

FTSE…….7537    -66.4       -0.87%

Dax……..15268   -102.7     -0.67%

CAC……..6947    -18.2        -0.26% 

Nikkei…27233     -227.5     -0.83%

HSI……..24793    +73.9      +0.30%

Shanghai..3468   +2.2        +0.06%

ST Times..3442   +2.3        +0.07%

IDX……..6835.12  -15.08     -0.22%

LQ45…..973.40     -3.10       -0.32%

Indo10Yr…6.6762       -0.0081   -0.12%

ICBI………..334.1531  +0.1714  +0.05%

US10Yr……..1.9720     -0.0750   -3.66%

VIX………….28.11        +3.82      +15.73%

USDIndx ……95.8210  +0.0130  +0.01%

Como Indx…263.68     -1.58        -0.60% 

(Core Commodity CRB)

BCOMIN…….187.23    +0.96       +0.52%

IndoCDS. 96.1727  +0.6083    +0.64%  (5-yr INOCD5)  

IDR……14325.50   +69.50  +0.49%

Jisdor..14301.00   +23        +0.16%

Euro………1.1363   -0.0013   -0.11%

TLKM……..30.47    -0.38       -1.23% (4358)

EIDO……….23.87    -0.42       -1.73%

EEM………..49.21    -0.58       -1.16%

Oil…………..91.76       -1.90     -2.03%

Gold …….1902.00    +30.50   +1.63%

Natural Gas .4.628   +0.235   +5.35%

Timah ….43699.00  +291      +0.67%

Nickel…..24456.50   +490       +2.04%

Silver………23.92      +0.27      +1.13%

Copper…..452.80     -1.30       -0.29%

Coal price..232.40    -3.10    -1.32% (Feb/Newcastle) 

Coal price..203.70    -3.80    -1.83% (Mar/Newcastle)

Coal price..183.05    -0.60    -0.33% (Feb/Rotterdam) 

Coal price…158.95   -2.10    -1.30% (Mar/ Rotterdam)

CPO(Apr)…..5719   +111    +1.98%m(Source: bursamalaysia.com)            

Corn………649.25    +3.25    +0.54%

SoybeanOil..66.88  -0.16      -0.24%

Wheat…….804.75   +18.50  +2.35%

Wood pulp…5390.00  +20   +0.37%

©️Phintraco Sekuritas 

Broker Code: AT

Desy Erawati/ DE

Source: Bloomberg, Investing, IBPA, CNBC, Bursa Malaysia

Copyright: Phintraco Sekuritas

[OCBC SEKURITAS Market Pulse]

18 February 2022

Market Snapshot:

• Shares in Japan looked set for a lower start on Friday, as simmering tensions between Ukraine and Russia continue to keep investors on edge.

• The ongoing Russia-Ukraine crisis is at a pivotal moment, with Kyiv accusing pro-Moscow separatists of attacking a village near the border. Fears of a Russian invasion of Ukraine have driven investors toward safe-haven assets such as gold. Spot gold was last at $1,898.788 per ounce, following its ascent earlier in the week from below $1,860.

• Fears of a Russian invasion of Ukraine have driven investors toward safe-haven assets such as gold. Spot gold was last at $1,898.788 per ounce, following its ascent earlier in the week from below $1,860.

Key Ideas:

• Economy: BI announces central banking cooperation with Bank of Korea

• Economy: Gov’t to host another government sukuk auction of IDR 11 trillion next week

Stocks to Watch

• ZINC IJ: Co aims IDR 1.2 trillion sales in 2022

• ISAT IJ: Co to pay back bonds and sukuk worth IDR 380 billion

• PTBA IJ:  Co intends to supply 20 million tons of coals for PLN

Technical Views:

• JCI Index – Bearish: Doji candle with rising volume while momentum in its histogram still seen decreasing (R: 6,905 | S: 6,780)

• MDKA – Hold: White candle with lower volume while momentum in its histogram still seen increasing (R: 4,140 | S: 3,810 – Entry: 3,700-3,710)

• ARTO – Spec Buy: White candle with rising momentum in its histogram and an uptrend of its W%R in neutral zone (R: 16,400 | S: 14,700 – Entry: 15,200-15,300)

• JSMR – Hold: White candle with lower volume and an uptrend of its MACD (R: 3,730 | S: 3,500 – Entry: 3,500-3,510)

• BSDE – Spec Buy: White candle with an uptrend of its W%R in neutral zone and rising momentum in its histogram (R: 1,000 | S: 925– Entry: 955-965)

• EMTK – Spec Buy: White candle with rising volume and an uptrend of its W%R slightly above oversold area (R: 1,980 | S: 1,730 – Entry: 1,815-1,830)

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