#WMR 26 July – 30 July 2021
JCI closed down to 6,070 from the previous week at 6,101. Meanwhile, the yield of the 10-year INDOGB was relatively flat at 6.3% during the week.
Equity Market Commentary : Performance Decoupling
JCI inched higher in July, while LQ45 went lower. The discrepancy shows technology sector has brought JCI index quite resilient while LQ45 index was struggle to perform well.
Money Market Commentary : Inevitable Low Rate
Loan growth has finally come back to positive territory although still weak at level of 0.56% yoy in June 2021.
Global Equity Market Commentary : Diversification
Global indexes have declined in mid of July before recovered at the end of the month. The reason of the correction was due rising covid-19 cases around the world.