{"id":9615,"date":"2024-06-10T00:00:00","date_gmt":"2024-06-09T17:00:00","guid":{"rendered":"http:\/\/mandiri.test\/uncategorized-id\/equity-market-commentary-may-2024\/"},"modified":"2026-01-19T16:36:37","modified_gmt":"2026-01-19T09:36:37","slug":"equity-market-commentary-may-2024","status":"publish","type":"post","link":"https:\/\/mandiri-invest.azdevs.my.id\/en\/market-update\/equity-market-commentary-may-2024\/","title":{"rendered":"Equity Market Commentary : May 2024"},"content":{"rendered":"
\n
\n
\n

Fluctuation<\/h2>\n

 <\/p>\n

In May 2024, the Indonesian equity market witnessed substantial fluctuations, driven by a confluence of domestic economic developments, global market trends, and political factors. Inflation remained under control, although there were concerns about rising energy prices impacting overall cost levels. The Indonesian Rupiah maintained relative stability against major currencies despite divergent global monetary policies. The Federal Reserve maintained a cautious approach, balancing the need to curb inflation with the imperative to support economic growth. In contrast, the European Central Bank (ECB) faced pressure to implement stimulus measures to counteract sluggish economic performance. Meanwhile, central banks in emerging markets grappled with currency volatility and inflationary pressures, influencing their monetary policy decisions. The Central Bank of Indonesia adopted a balanced monetary policy stance, focusing on maintaining Rupiah stability while keeping inflationary pressures in check.<\/p>\n

The Jakarta Composite Index (JCI) exhibited a mixed performance throughout May 2024. Early in the month, the market experienced gains propelled by positive earnings reports and strong economic data. However, mid-month volatility arose due to global market fluctuations and geopolitical tensions impacting investor sentiment. By the end of May, the JCI had rebounded, closing the month on a positive note, bolstered by strong corporate earnings and an optimistic economic outlook. The primary driver of market fluctuations was the banking sector, where investors recalibrated their assessments of growth and asset quality following the dynamic first quarter of 2024. Concurrently, consumer stocks demonstrated resilience, driven by stable financial performance in the first quarter, indicating buoyant domestic consumption. Additionally, certain coal and metal stocks experienced gains driven by some sentiments. Coal prices rallied due to increased energy demand driven by heatwaves in coal-dependent countries, while nickel prices surged owing to instability in a major nickel-producing country. Several large-cap stocks were valued as attractively as they had been during the COVID-19 pandemic, presenting lucrative opportunities for equity investors to acquire RD equity.<\/p>\n<\/div>\n<\/div>\n

 <\/p>\n<\/div>\n

Product Recommendation<\/h2>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n
EQUITY FUND<\/th>\n<\/tr>\n<\/thead>\n
MITRA A<\/a><\/td>\nMITRA invests in majority domestic stocks, with a focus on Big Cap stocks. Categorized as a Long-Term investment with high risk. Investors bear the risk associated with the equity portfolio.<\/td>\n<\/tr>\n
MICB A<\/a><\/td>\nMICB primarily invests in stocks included in the LQ45 index. Categorized as a Long-Term investment with high risk. Investors bear the risk associated with the equity portfolio.<\/td>\n<\/tr>\n
EQUITY INDEX AND ETF FUND<\/th>\n<\/tr>\n
FTSE ESG A<\/a><\/td>\nFTSEESG primarily invests in stocks included in the FTSE Indonesia ESG Index. Categorized as a Long-Term investment with high risk. Investors bear the risk associated with the equity portfolio.<\/td>\n<\/tr>\n
XMLF<\/a><\/td>\nMandiri ETF LQ45 is an ETF that invests in blue-chip stocks listed in the LQ45 Index. Categorized as a Long-Term investment with high risk. Investors bear the risk associated with the portfolio of these stocks.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\n

For More Information<\/h3>\n

Contact Mandiri Investasi – (021) 526 3505
\nMandiri Investasi Whatsapp – 0816 86 0003
\nMandiri Investasi Email – cs@mandiri-investasi.co.id<\/a>
\nMandiri Investasi Website – www.mandiri-investasi.co.id<\/a><\/p>\n

\n

DISCLAIMER<\/em>
\n
\nThe opinions expressed in the article are for general informational purposes only and are not intended to provide specific advice or recommendations for individuals or specific mutual fund or investment products. It is intended solely to provide education about the financial industry. Views reflected in the content may change at any time without notice. All performance data and investment returns mentioned in this article cannot be used as a basis for calculation to buy or sell a mutual fund. This data is performance records based on historical data and is not a guarantee of future mutual fund performance. Investment through mutual funds carries risks. Investors are required to read and understand the prospectus before deciding to invest through mutual funds.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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