Research

IHSG: Waiting for Reversal, Remain on the Sideline

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Algo Research Team

Market | Aug 22, 2024 | Views: 1712

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Key Summary:

  • What happened in August
  • IHSG driven by selective stocks
  • Foreign flows up, but lack conviction

In early August, we called to stay away from equity (read here: Starting August with A Crisis) as it appeared that markets were heading into downside due to deleveraging of carry trade and US data indicating a slowdown.


However, the correction turned out to be short-lived, so we were wrong (at least in the short-term) especially since we missed IHSG rally in the past few weeks.

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