{"id":9691,"date":"2024-10-07T00:00:00","date_gmt":"2024-10-06T17:00:00","guid":{"rendered":"http:\/\/mandiri.test\/uncategorized-id\/equity-market-commentary-sept-2024\/"},"modified":"2026-01-19T16:36:41","modified_gmt":"2026-01-19T09:36:41","slug":"equity-market-commentary-sept-2024","status":"publish","type":"post","link":"https:\/\/mandiri-invest.azdevs.my.id\/en\/market-update\/equity-market-commentary-sept-2024\/","title":{"rendered":"Equity Market Commentary : September 2024"},"content":{"rendered":"

Play Offense, Not Defense<\/h2>\n
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 <\/p>\n

Global equity markets were boosted by the Fed’s recent rate cut. The U.S. Central Bank reduced its policy rate by 50 basis points to 5.00%, a move that is seen as favourable in steering the U.S. economy toward a soft landing rather than a recession. While the U.S. economy is slowing down, the situation is not considered alarming. Positive developments also emerged from China, where the People’s Bank of China (PBoC) introduced several economic stimulants, including cuts to benchmark interest rates, mortgage rates, and property down payment requirements. In addition, PBoC has provided loans to investors for share buybacks, adding to the positive growth sentiment for the global economy, including Indonesia.<\/p>\n

In Indonesia, with the stabilizing inflation and appreciated exchange rate Rupiah, Bank Indonesia took accommodative action by lowering 25 bps BI Rate to push the economy amidst weaker PMI Manufacturing in the last two months. This early action by BI is expected to enhance the resilience of the domestic economy.<\/p>\n

The Jakarta Composite Index (JCI) hit a record high in September 2024, nearing 8,000 before foreign investors engaged in profit-taking. Global investors are now rotating to China’s equity market due to PBoC’s substantial economic stimulus. We anticipate several positive domestic catalysts through the end of the year, such as the new government and local elections, which could boost optimism. The correction at the end of September 2024 offers a good entry point for risk-on investors seeking growth opportunities beyond the U.S. market. Overall, we remain optimistic about Indonesia’s domestic economic prospects, supported by favorable global conditions.<\/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\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
BALANCED FUND<\/th>\n<\/tr>\n
MIA<\/a><\/td>\nMIA invests in Equities, Bonds and Money Market with Medium Term and categorized Medium Risk. Investors bear the risk associated with the equity portfolio.<\/td>\n<\/tr>\n
MISB<\/a><\/td>\nMISB invests in Sharia Equities, Sukuk and Money Market Sharia with Medium Term and categorized Medium 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":"

Global stocks rise on Fed rate cut and PBoC stimulus. IHSG reaches record high; market correction presents investment opportunity.<\/p>\n","protected":false},"author":2,"featured_media":7467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[368,382],"tags":[365],"class_list":["post-9691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-english"],"acf":[],"yoast_head":"\nEquity Market Commentary : September 2024 - Mandiri Investasi<\/title>\n<meta name=\"description\" content=\"Global stocks rise on Fed rate cut and PBoC stimulus. 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