Research

IHSG: Downside Risks in Septem-Bear

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Algo Research Team

Market | Sep 09, 2024 | Views: 1740

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Key Summary:

  • Global markets are falling, steepening yield curve
  • Foreign flows only tactical, not convictions
  • A weak seasonality in September

IHSG is trading +4% above its previous peak, but Sri-Kehati, which is more reflective of Indonesian market catalysts, is still -8% below its all-time high. 


Other main indexes that show the broader market sentiment by large or liquid stocks are still much below their all-time highs as well like LQ45 (-16%), IDX30 (-23%), IDX80 (-14%). 

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