Research

IHSG: Minimal Flows To Equity

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Algo Research Team

Market | Aug 09, 2023 | Views: 45

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Key Summary:

  • August is typically a slow month
  • Declining local institutional and retail flows in equity
  • Will momentum go back to equity?

Our strategy is tactical as the market is sideways for now. Institutional flows have shifted to bonds and also to time deposit by retail investors. Historically, August is a subdued month so we think it is better to increase cash as liquidity is thin, catalysts are absent, while waiting for changes in global sentiment and domestic political clarity. In the near term, flows and technical will play important roles to guide where the market is heading as the fundamental is mostly priced-in.



August, the end of summer

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