The last few days, bad news about COVID-19 came from South Africa, where a new variant of the COVID-19 virus named Omicron was discovered.
This Omicron is being researched, but several sources are stating that this virus has a much faster spread intensity than the previous variants of the COVID-19 virus, namely Alpha, Beta, and Delta.
The spread of this Omicron virus seems to have started to enter various countries whose existence and truth have been confirmed, such as Hong Kong, Australia, and Canada with 2 cases of the Omicron variant found in their country.
On the other hand, the Indonesian government is responsive to early prevention so that the spread of the Omicron virus can be minimized. The government through the Ministry of Transportation will tighten the entry points for international arrivals at air, sea, and land transportation nodes. This adjustment was made as an anticipation measure for the Ministry of Transportation to prevent the entry of new variants of COVID-19 into Indonesia. This is done by tightening the application of health protocols at transportation nodes, such as airports, ports, and the National Cross Border Post (PLBN). In addition, the quarantine for foreign arrivals has been increased to seven days.
The global world is again shocked by the emergence of a new variant of the COVID-19 virus mutation, which is named Omicron. Of course, this gives a negative sentiment for the global stock market. Learning from the previous wave of COVID-19 variants, accompanied by rapid government action, it is estimated that the impact of this new variant on the capital market will only be temporary. Historically, since 1999, December has a 95% probability of posting a positive monthly performance in line with window dressing, which is often followed by the January Effect. Thus, the potential for an increase in the domestic stock market in December is promising. Those of you who have an aggressive risk profile can take advantage of the corrections that occur in the stock market as a momentum to accumulate equity mutual funds to optimize the performance of your investment portfolio.
Source: BLOOMBERG, CNBC, CNN