Jakarta provincial government extended the transition large-scale social restriction until Sept. 10 as COVID-19 set another record - Photo by BNPB Office

JAKARTA (TheInsiderStories) – Good Morning! Jakarta provincial government extended the transition large-scale social restriction until Sept. 10 as COVID-19 set another record. Task force for handling COVID-19 reported the number of additional positive cases of 2,306, bringing the total to 160,165 people in Indonesia on Thursday.

The capital city recorded an addition 730 people and one of the victim was the deputy governor, Ahmad Riza Patria. Amid the highest number of positive cases, the Jakarta’ governor, Anies Baswedan, had reviewed to open cinemas and is coordinating with the central government.

The executives of the committee for handling COVID-19 and National Economic Recovery optimistic that they can immediately inject 30 million doses of vaccine to 15 million people by the end of this year. As reported, PT Biofarma and its subsidiaries has get a commitment to get 370 million doses of vaccine powders from China and Uni Arab Emirates.

Then, Financial Services Authority chairman, Wimboh Santoso assured that Indonesian banking liquidity still health and warned the society not believed the rumors. He underlined that the COVID-19 crisis is starkly different from the 1997 – 1998 monetary crisis.

Today, President Joko Widodo has an agenda to inaugurate Yogyakarta International Airport, the operation of the PT Airnav Indonesia tower, and a tsunami early warning system. No other important agenda in Indonesia beside the virtual public expose hold by Indonesia Stock Exchange.

Globally, chairman of Federal Reserves, Jerome Powell, said the central bank set a policy to keep the inflation target at an average of 2 percent. In Europe, Greece finally ratified the agreement on a maritime border with Egypt hours after Turkey extended the operation of a seismic survey vessel in the East Mediterranean region and will hold war games in the region next week.

The Athens – Cairo agreement is seen as a response to the Turkey-Libya agreement signed in 2019. It allows Turkey access to areas in the region where large amounts of hydrocarbon deposits are found.

On Thursday, Indonesian Rupiah strengthened 0.12 percent to 14,660 per US Dollar. While, the Jakarta Composite Index (JCI) closed  up 0.58 percent to 5,371.47 compared to previous day, the highest level since March 6, 2020.

The analysts rated, the movement of both instruments are expected to be influenced by the response of market players to the the Powell speech. In addition,  the investors have been observing a number of stimuli, one of which is the Wage Subsidy Assistance program which began implemented on Thursday.

With various informations, they estimated the stock index to move between 5,102 – 5,378 and the local currencies in the range of 14,600 – 14,730 against the American Dollar. Shares to watch for today are PT Bank Central Asia Tbk (IDX: BBCA), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Sinar Mas Multiartha Tbk (IDX: SMAR), PT Bentoel International Investama Tbk (IDX: RMBA), and PT Telkom Indonesia Tbk (IDX: TLKM).

Then, PT Semen Indonesia Tbk (IDX: SMGR), PT Mayora Indah Tbk (IDX: MYOR), PT Kalbe Farma Tbk (IDX: KLBF), PT Unilever Indonesia Tbk (IDX: UNVR), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT HM Sampoerna Tbk (IDX: HMSP), and PT Bank Mandiri Tbk (IDX: BMRI).

May you have a profitable day!

Written by Linda Silaen and TIS Intelligence Team. Please Read Our News to Get More information about Indonesia