WH Project
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Est. 2014 | Official Channel WH Project - Project The Future

https://www.wh-project.com
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Good morning

May 13th, 2026

S&P 500 slips from record Tuesday as chips rally takes a breather and inflation comes in hot

The S&P 500
slipped on Tuesday, weighed down by losses in technology stocks and higher oil prices, as traders reacted to a hotter-than-expected annual consumer price index reading for April

Dow.....49761 +56.1 +0.11%
Nasdaq 26088 -185.9 -0.71%
S&P 500 7401 -11.9 -0.16%

FTSE....10265 -4.1 -0.04%
Dax......23954 -395.4 -1.62%
CAC......7980 -76.5 -0.95%

Nikkei 62743 +324.7 +0.52%
HSI....26348 -58.9 -0.22%
Shanghai 4215-10.5 -0.25%

*IDX 6858.90* -46.72 -0.68%
*LQ45.669.84* +1.21 +0.18%
*IDX30.376.91* +0.90 +0.24%

IDXEnergy3469.34 +0.20 +0.01%
IDX BscMat 2056.17+37.43+1.85%
*IDXIndst 1892.80 -62.66 -3.20%*
IDXNONCYC729.81 -10.69 -1.44%
*IDXHlthcare1622.49 -59.11-3.52%*
IDXCYCLC1051.09 -0.64 -0.06%
IDX Tech7448.92 -35.78 -0.48%
IDX Transprt 2042.46 +32.05 +1.59%
IDX Infra2119.04 -32.17 -1.50%
IDX Finance1365.25 +4.22 +0.31%
IDX Banking 877.59 +1.96 +0.22%
IDX Property 901 -5.60 -0.61%

*Indo10Yr 6.7832+0.048 +0.71%*
*ICBI...437.3958-1.7674 -0.40%*
*US2Yr 3.994* +0.042 +1.06%
*US5Yr4.126* +0.053 +1.30%
*US10Yr4.465* +0.052 +1.18%
*US30Yr.5.027*‼️ +0.042 +0.84%
*VIX.17.99 -0.39 -2.12%*

*USDIndx.98.2980*+0.343 +0.35%
*Como Indx.389.44* - -%
*BCOMIN..185.56* +0.56 +0.30%

*IndoCDS 5yr 83.37*-0.53 -0.63%
(5-yr INOCD5) (12/05)

*IDR....17529.00‼️+115.00+0.66%*
*Jisdor17514.00‼️+99.00 +0.57%*

*Euro.1.1739-0.0048 -0.41%*

*TLKM.16.92* -0.16 -0.94%
*(2963)*
*EIDO..14.54*-0.09 -0.62%
*EEM..65.84 -2.05 -3.02%*

*Oil..102.08 +4.56 +4.64%*‼️
(WTI,Nymex)
*Oil.107.77 +3.56 +3.42%*‼️
(Brent)

*Gold 4722.00* -27.30 -0.57%
*_(Comex)_*
*Gold 4714.82* -26.52 -0.56%
*_(Spot/XAUUSD)_*
*Timah54812.00 -896.00 -1.61%*
*_(Closed 12/05)_*
*Nickel 18909.25 -307.75 -1.60%*
(Closed 12/05)
*Silver..87.52* +0.37 +0.42%
*Copper.664.50 +15.45 +2.38%*
*Aluminium.3575.20* -3.25 -0.09%

*Iron Ore 62% 111.11* -0.31 -0.28%
(12/05)

*Ntrl Gas 2.831 -0.092 -3.15%*‼️
*Ammonia 2456.67‼️- 58.66 -2.33%*
(Domestic Price 12/05)

Coal price.132.50 +1.65 +1.26%
(May/Newcastle)
Coal price135.70. -0.60 -0.44%
(Jun/Newcastle)
Coal price137.80 -0.50 -0.36%
(Jul/Newcastle)
Coal price138.90 -0.35 -0.25%
(Agt/Newscastle)

Coal price109.70 -0.15 -0.14%
(May/Rotterdam)
Coal price114.30 -0.45 -0.39%
(Jun/Rotterdam)
Coal price116.50 -0.10 -0.09%
(Jul/Rotterdam)
Coal price118.30 -0.05 -0.04%
(Agt/Rotterdam)

*CPO(Jul) 4483* -33 -0.73%
(Source: bursamalaysia.com)

Corn..480.00 +4.75 +1.00%
*SoybeanOil 75.36 +1.62 +2.20%*
*Wheat.679.00 +45.00+7.10%*‼️

*Woodpulp 5150.00* +33.33 +0.65%
(Closed 12/05)

©️Phintraco Sekuritas
Broker Code: *_AT_*
_Desy Erawati/ *DE*_
*Source*: Bloomberg, Investing, IBPA, CNBC, Bursa Malaysia
_Copy;right: Phintraco Sekuritas_
1
WH Project
*MSCI May 2026 Index Review – Indonesia* 🇮🇩 Announcement: May 12, 2026 Effective: June 1, 2026 (after market close May 29) MSCI Standard Index • Additions: None • Deletions: AMMN, BREN, TPIA, DSSA, CUAN, AMRT MSCI Small Cap Index • Addition: AMRT • Deletions:…
Sisi negatifnya: sekarang kita tau mana yang bakal lanjut dibantai.

Sisi positifnya: tetep ada addition biarpun di small cap, artinya MSCI belum sepenuhnya meninggalkan IHSG.

Kesimpulan: yang deletion masih akan merusak market, strateginya simpel aja: kalau Anda ngga suka saham2 dengan sentimen ini maka lepas yang deletion, dan fokus ke saham2 yang punya pergerakan masing (dalam aliran analisis apa pun). Sisanya tunggu tanggal 22 Mei untuk sentimen lanjutan dari FTSE. Setelah semuanya aman, "harusnya" tidak ada masalah lagi buat IHSG.
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Founder WH-Project, William Hartanto, menilai pengumuman tersebut mengakhiri fase spekulasi yang sebelumnya menekan pergerakan saham di Bursa Efek Indonesia.

“Menurut saya ini kepastian yang ditunggu-tunggu pasar. Pasar bukan lagi melepas saham karena alasan HSC sambil nebak yang mana saja akan diusir MSCI," kata William kepada Wartaekonomi, Rabu (13/5/2026).

https://wartaekonomi.co.id/read611458/keputusan-msci-coret-13-saham-ri-jadi-kepastian-yang-ditunggu-pasar
2
WH Project
IHSG masih memiliki worst scenario turun ke 6500 (perhitungan kami bisa sampai 6472). Namun skenario ini nampaknya hanya jika Indonesia turun ke FRONTIER market, kalau tidak? We'll see, intinya secara teknikal posisi bottom sudah dekat.
Wost scenario 6472, MSCI efektif bulan Juni. Biasanya ada sedikit bantingan di akhir bulan Mei. Kemungkinan turun sisa 300 poin dari IHSG sekarang 67xx. Penurunan ini masih taraf wajar mengingat IHSG masih dalam tren naik sejak 2008. Untungnya bulan ini pasar banyak libur jadi ngga berasa ke akhir bulan nanti.
*FTSE Russell Index Announcement: Indonesia - Index Treatment for the June 2026 Index Review*



Following the Indonesia - Index Treatment notice published on 09 February 2026, FTSE Russell has continued to monitor market developments and maintain ongoing engagement with relevant market stakeholders as part of its assessment of index treatment and implementation considerations.

Since that publication, Indonesia market authorities have implemented several measures intended to strengthen the
transparency of the Indonesia capital market, including provision of shareholder ownership data above 1%, publication of a High Shareholding Concentration (HSC) list, and enhancements to investor classification reporting.

FTSE Russell has reviewed these developments and has considered feedback received from market participants and its external advisory committees and confirms the following treatment of Indonesian listed securities for the June 2026 index review.

*June 2026 Index Review - Implementation Update*

At the June 2026 index review, FTSE Russell will proceed with the following index updates for Indonesian listed
securities:

• Industry Classification Benchmark (ICB) updates.

• Quarterly share updates to be implemented regardless of size, without application of the standard 1% buffer
(the buffers are typically removed at the June review).

• Quarterly free float decreases only to be implemented regardless of size, without application of the standard 3%
buffer (as above, buffers are typically removed in June).

• Large / mid / small / micro-cap changes resulting from spin-offs, with deletions applied where resulting entities fall below the applicable exit thresholds.

• Applicable exclusion list (e.g. ESG, ethical, Shariah) updates and deletions due to ESG data.

FTSE Russell will continue to defer full index re-ranking, free float increases and additions (IPOs) of Indonesian listed securities until at least the September 2026 index review, allowing for an extended observation and monitoring period.

An updated FAQ detailing the June 2026 treatment can be accessed via link.

Deletion of a Security with High Shareholding Concentration
In accordance with FTSE Russell’s Free Float Restrictions guidelines, where a company is the subject of a high
shareholding concentration warning notice by a regulatory authority to the effect that the listed shares are in the hands of a limited number of shareholders, it will be deleted in conjunction with the next index review.

Market feedback indicates that liquidity in the affected security is expected to deteriorate materially ahead of the June 2026 index review. Under such conditions, index‑tracking investors may be unable to execute an orderly exit without undue market impact or the availability of sufficient counterparties, giving rise to a potential risk to index replicability.

In light of these conditions, and to ensure index integrity and replicability for index-tracking investors, in conjunction of the Free Float Restrictions guidelines and the Statement of Principles, FTSE Russell will delete the affected security at the price of zero at the June 2026 review, effective from the open on Monday 22 June 2026.

A detailed notice on the affected security will be published in due course.

*Ongoing Monitoring*

FTSE Russell will continue to monitor market developments in Indonesia closely and remains engaged with local market authorities. Further decisions on index treatment, including potential resumption of full index re-ranking, will be considered in advance of the September 2026 index review and communicated in due course.


*(13/05/2026)*




===================================================================================================



*Pengumuman Indeks FTSE Russell: Indonesia – Perlakuan Indeks untuk Review Juni 2026*
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Menindaklanjuti pemberitahuan mengenai Indonesia – Index Treatment yang dipublikasikan pada 9 Februari 2026, FTSE Russell terus memantau perkembangan pasar serta menjaga komunikasi aktif dengan para pemangku kepentingan terkait sebagai bagian dari evaluasi perlakuan indeks dan pertimbangan implementasinya.

Sejak publikasi tersebut, otoritas pasar Indonesia telah menerapkan sejumlah langkah untuk meningkatkan transparansi pasar modal, antara lain:

• Penyediaan data kepemilikan saham di atas 1%

• Publikasi daftar High Shareholding Concentration (HSC)

• Peningkatan pelaporan klasifikasi investor


FTSE Russell telah meninjau perkembangan ini serta mempertimbangkan masukan dari pelaku pasar dan komite penasihat eksternal, dan menetapkan perlakuan berikut untuk efek yang tercatat di Indonesia dalam review indeks Juni 2026.



*Update Implementasi Review Indeks Juni 2026*

Pada review indeks Juni 2026, FTSE Russell akan melanjutkan pembaruan berikut untuk saham Indonesia:

• Pembaruan Industry Classification Benchmark (ICB)

• Pembaruan kuartalan jumlah saham tanpa memperhatikan ukuran, serta tanpa penerapan buffer standar 1% (buffer biasanya dihapus pada review Juni)

• Penurunan free float kuartalan tetap diberlakukan tanpa memperhatikan ukuran, serta tanpa buffer standar 3%

• Perubahan kategori kapitalisasi (large/mid/small/micro cap) akibat spin-off, termasuk penghapusan jika entitas hasil berada di bawah ambang batas minimum

• Pembaruan dan penghapusan terkait daftar eksklusi (ESG, etika, syariah) berdasarkan data ESG


*Namun, FTSE Russell masih menunda:*

• Pemeringkatan ulang indeks secara penuh

• Kenaikan free float

• Penambahan saham baru (IPO)


*Penundaan ini berlaku setidaknya hingga review indeks September 2026, guna memberikan waktu observasi tambahan.*

• Dokumen FAQ terbaru terkait perlakuan Juni 2026 dapat diakses melalui tautan yang disediakan.

• Penghapusan Saham dengan Konsentrasi Kepemilikan Tinggi

Sesuai pedoman Free Float Restrictions, apabila suatu perusahaan mendapat peringatan dari regulator karena sahamnya dimiliki oleh sejumlah kecil pemegang saham (konsentrasi tinggi), maka saham tersebut akan dihapus pada review indeks berikutnya.

Umpan balik pasar menunjukkan bahwa likuiditas saham terkait diperkirakan akan menurun signifikan menjelang review Juni 2026. Dalam kondisi ini:

• Investor berbasis indeks berpotensi kesulitan melakukan exit secara tertib

• Risiko dampak pasar meningkat

• Ketersediaan lawan transaksi menjadi terbatas


*Untuk menjaga integritas dan keterulangan (replicability) indeks, FTSE Russell memutuskan:*

👉 Saham terkait akan dihapus dengan harga nol (0) pada review Juni 2026
👉 Berlaku efektif mulai pembukaan pasar pada Senin, 22 Juni 2026

Pemberitahuan rinci mengenai saham yang terdampak akan diumumkan kemudian.



*Pemantauan Berkelanjutan*

FTSE Russell akan terus memantau perkembangan pasar Indonesia secara ketat serta tetap berkoordinasi dengan otoritas pasar lokal.

Keputusan lanjutan, termasuk kemungkinan melanjutkan kembali pemeringkatan penuh indeks, akan dipertimbangkan sebelum review indeks September 2026 dan akan diumumkan pada waktunya.


(13 Mei 2026)
3
Good morning

May 18th, 2026

Dow loses more than 500 points Friday as tech slumps and yields spike

Stocks fell on Friday, bogged down by losses in technology stocks and a rise in U.S. Treasury yields, after a summit between President Donald Trump and Chinese President Xi Jinping ended and left traders worried about no major policy breakthroughs

Dow.....49526 -537.3 -1.07%
Nasdaq 26225 -410.1 -1.54%
S&P 500 7409 -92.7 -1.24%

FTSE....10195 -177.6 -1.71%
*Dax...23951 -505.7 -2.07%*
CAC......7953 -129.7 -1.60%

*Nikkei 61409 -1244.8 -1.99%*
HSI....25963 -426.3 -1.62%
Shanghai 4135-42.5 -1.02%

*IDX 6723.32 -135.58 -1.98%*
*LQ45.657.88* -11.96 -1.79%
*IDX30.371.28* -5.63 -1.49%

IDXEnergy3413.43 -55.91 -1.61%
*IDX BscMat 1965.14 -91.02-4.43%*‼️
IDXIndst 1916.67 +23.87 +1.26%
IDXNONCYC726.60 -3.20 -0.44%
IDXHlthcare1602.74 -19.75-1.22%
IDXCYCLC1036.42 -14.67 -1.40%
IDX Tech7396.39 -52.52 -0.71%
*IDX Transprt 2142.35-98.89 +4.89%*‼️
*IDX Infra2061.46 -57.58 -2.72%*
IDX Finance1357.28 -7.97 -0.58%
IDX Banking 865.89 -11.70 -1.33%
IDX Property 895 -6.30 -0.70%

*Indo10Yr 6.7603-0.0229 -0.34%*
*ICBI...438.0381+0.6423 +0.15%*
*US2Yr 4.258 +0.137 +3.32%*‼️
*US5Yr4.084 +0.092 +2.30%*
*US10Yr4.595 +0.136 +3.06%*‼️
*US30Yr.5.128‼️ +0.115 +2.29%*
*VIX.18.43 +1.17 +6.78%*‼️

*USDIndx.99.2840*+0.46 +0.47%
*Como Indx.399.29* -0.99 -0.25%
*BCOMIN..182.12 -6.13 -3.25%*‼️

*IndoCDS 5yr 86.91*. - -%
(5-yr INOCD5) (15/05)

*IDR....17596.50‼️+67.50+0.39%*
*Jisdor17496.00‼️-18.00 -0.10%*

*Euro.1.1625 - -%*

*TLKM.16.57* -0.27 -1.60%
*(2963)*
*EIDO..14.14*-0.17 -1.19%
*EEM..65.07 -2.31 -3.43%*‼️

*Oil..105.42 +4.25 +4.20%*‼️
(WTI,Nymex)
*Oil.109.26 +3.54 +3.35%*‼️
(Brent)

*Gold 4561.90 -123.40 -2.63%*
*_(Comex)_*
*Gold 4540.08 -111.90 -2.41%*
*_(Spot/XAUUSD)_*
*Timah52347.00 -2309.00 -4.22%*‼️
*_(Closed 15/05)_*
*Nickel 18423.50 -433.75 -2.30%*
(Closed 15/05)
*Silver..87.52* +0.37 +0.42%
*Copper.664.50 +15.45 +2.38%*
*Aluminium.3564.00 -89.25 -2.44%*

*Iron Ore 62% 110.77* -0.35 -0.31%
(15/05)

*Ntrl Gas 2.960 +0.066 +2.28%*
*Ammonia 2246.67‼️- 33.33 -1.46%*
(Domestic Price 15/05)

Coal price.131.70 +1.30 +1.00%
(May/Newcastle)
*Coal price136.50 +3.10 +2.32%*
(Jun/Newcastle)
*Coal price138.85 +2.90 +2.13%*
(Jul/Newcastle)
*Coal price140.10 +2.80 +2.04%*
(Agt/Newscastle)

Coal price109.20 +1.45 +1.35%
(May/Rotterdam)
*Coal price115.80 +4.10 +3.67%*‼️
(Jun/Rotterdam)
*Coal price118.10 +3.75 +3.28%*‼️
(Jul/Rotterdam)
*Coal price120.10 +3.75 +3.22%*‼️
(Agt/Rotterdam)

*CPO(Jul) 4432* +20 +0.45%
(Source: bursamalaysia.com)

*Corn..455.75 -11.75 -2.51%*
SoybeanOil 73.88 +0.22 +0.30%
*Wheat.635.75 -22.25 -3.38%*‼️

*Woodpulp 5133.33* unch +0%
(Closed 15/05)

©️Phintraco Sekuritas
Broker Code: *_AT_*
_Desy Erawati/ *DE*_
*Source*: Bloomberg, Investing, IBPA, CNBC, Bursa Malaysia
_Copy;right: Phintraco Sekuritas_
1
Bersabar menunggu tanggal efektif MSCI (1 Juni 2026). Bulan Mei banyak libur, ke tanggal 1 itu ngga berasa 👍
💯4
Forwarded from BRICS News
JUST IN: G7 to meet to discuss reopening Strait of Hormuz.
@BRICSNewspaper
WH Project
Mari kita lihat apakah ini bottom IHSG atau tren naik sejak 2008 akan terpatahkan. Current level: 6511.
Closing 6599.

Komentar: untuk hari ini bisa dibilang bagus, tapi sentimen MSCI rebalancing masih sampai tanggal 7, jadi masih harus siap untuk retest atau konsol dulu di area ini.

Worst case malah patah tren. But we'll see.
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