Research & Stock Picks

Morning Briefs

15 August 2025

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JCI is Expected to Move Sideways Today

US stocks closed mixed on Thursday (14/8): Dow -0.02%, S&P 500 +0.03%, and Nasdaq Composite -0.01%. US markets closed mostly flat, as higher-than-expected PPI data reduced optimism for a sharp interest rate cut next month. The 10-year US Treasury yield fell -0.14% (-0.006 bps) to 4.285%, while the USD Index rose +0.37% to 98.2.

 

Commodity markets ended mixed: WTI oil +1.98% to USD 64.0/barrel, Brent oil +1.84% to USD 66.8/barrel, coal -0.81% to USD 110.9/ton, CPO -0.72% to MYR 4,403, and gold -0.61% to USD 3,335.4/oz.

 

Asian markets closed mostly lower on Thursday (14/8): Kospi +0.04%, Hang Seng -0.37%, Shanghai -0.46%, and Nikkei -1.45%. The JCI rose +0.49% to 7,931.3, with overall foreign net buy of IDR 827.1 billion; IDR 863.9 billion in the regular market, and IDR -36.8 billion in the negotiated market. The largest foreign inflow in the regular market was recorded by TLKM (IDR 362.1 billion), followed by BBRI (IDR 264 billion), and WIFI (IDR 130.5 billion). The largest foreign outflow in the regular market was recorded by ICBP (IDR 118.7 billion), followed by DSSA (IDR 52.1 billion), and KLBF (IDR 46.6 billion). Top leading movers were DCII, DSSA, TLKM, while top lagging movers were BBCA, SMMA, GOTO.

 

Kospi is closed for the day, while Nikkei opened higher +0.49%. We expect the JCI to move sideways today, given mixed sentiment from global and commodity markets.

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