JCI Might Move Sideways Today
US stocks closed higher on Monday; Dow Jones +0.07%, S&P 500 +0.67%, and Nasdaq +1.05%. Stocks made a recovery following the selloff of the previous week, which had weakened the momentum of the summer rally. Among the 11 key S&P sectors, six ended the day positively, with the information technology sector leading the gains. The UST 10Y yield rose +0.79% (+0.033 bps) to 4.19%, and the USD index rose +0.34% to 103.19.
Commodity prices moved mostly lower on Monday; WTI oil -0.94% to USD 82.41/bbl, coal +1.74% to USD 146.5/ton, nickel -1.13% to USD 26,457, CPO -0.86% to MYR 3,695, and gold -0.94% to USD 1,939/toz.
Asian markets closed mostly lower on Monday; Kospi -0.8%, Hang Seng -1.6%, and Shanghai -0.3%. JCI ended Monday’s session at 6,910 (+0.4%), with foreign investors recording an overall net sell of IDR 540 billion; IDR -656 billion in the regular market, and IDR 116 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBRI (IDR 256 billion), followed by BBCA (IDR 245.5 billion), and INCO (IDR 154.8 billion). The largest foreign inflow in the regular market was recorded by BBNI (IDR 85.8 billion), followed by BUMI (IDR 40 billion), and BUKA (IDR 25.2 billion). Today's top sector gainer is IDXBASIC sector, while today's top sector loser is IDXTRANS. Top leading movers are BRPT, AMRT, TLKM, while top lagging movers are BBCA, BYAN, MDKA.
Nikkei went up +0.89% this morning, while Kospi fell -0.79%. We expect the JCI to move sideways today, given mixed sentiments from global and regional market movements.
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.