US stocks closed mixed on Wednesday (17 Sep): Dow +0.57%, S&P 500 -0.10%, Nasdaq -0.33%. The markets experienced a mixed session after the Fed delivered widely expected rate cut. The 10Y US Treasury yield dropped -0.40% (-0.016 bps) to 4.026%, while the USD Index rose 0.25% to 96.8.
Commodities closed mixed on Wednesday (17 Sep): WTI crude -0.73% to USD 64.0/bbl, Brent crude -0.76% to USD 68.0/bbl, coal +1.0% to USD 106.6/ton, CPO flat at MYR 4,475, and gold -0.82% to USD 3,659.9/oz.
Asian markets closed mixed on Wednesday (17 Sep): Kospi -1.05%, Hang Seng +1.78%, Nikkei -0.25%, and Shanghai +0.37%. The JCI rose +0.85% to 8,025.2, with foreign investors recording net sell of IDR 151.8bn. In the regular market, foreign investors booked a net sell of IDR 286.7bn, while in the negotiated market they recorded a net buy of IDR 134.9bn. The largest foreign net sells in the regular market were in BBCA (IDR 566.2bn), BMRI (IDR 269.4bn), and ANTM (IDR 174.2bn). The largest net buys were in BBRI (IDR 405.8bn), PTRO (IDR 108.1bn), and BRPT (IDR 101.1bn). Top gainers included BBRI, BRPT, and MLPT, while top laggards were BBCA, ANTM, and MSIN.
This morning, Kospi rose +0.49% and Nikkei gained +0.26%. We expect the JCI to move higher today, driven by positive sentiment following BI’s interest rate cut.
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.
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